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Bill Ackman’s Pershing Square Capital Management LP, the second-largest investor in General Growth Properties Inc., urged the mall owner to enter negotiations for a takeover by rival Simon Property Group Inc.
-Roses, a discount department store, leased 64,460 square feet of retail space at River Ridge Plaza, 1804 S. Scatterfield Road, Anderson. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Pack Rat Storage leased 40,000 square feet at 6450 Gateway Drive. The tenant and landlord, S.F. Industrial Properties, were represented by Tom Cooler and Mark Writt of CBRE.
-Certifit Inc. leased 30,186 square feet at Gateway Park Building II, 851 S. Columbia Road, Plainfield. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, Indy 40 Building 2 LLC, was represented by John Hanley and Terry Busch of CBRE.
-HFH Collision LLC leased 25,000 square feet at Northeast Commerce Park, 9031 Technology Lane, Fishers. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, The Ruzbasan Revocable Living Trust., was represented by Mark Writt and Tom Cooler of CBRE.
-The Dress Barn renewed its lease for 8,000 square feet of retail space at Southport Commons, 4850 E. Southport Road. The landlord, DAB Investments-Southport Commons, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-King’s Beauty renewed its lease for 6,091 square feet of retail space at Norgate Plaza, 7235 N. Keystone Ave., Unit C. The landlord was represented by Sandor Development. The tenant represented itself.
-Salon Lofts leased 4,999 square feet at Five River Crossing, 8555 N River Road. The tenant was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, River Crossing Five LLC, was represented by Barbara Zike of PK Partners.
-Dots renewed its lease for 3,150 square feet and expanded into an additional 500 square feet of retail space at Cherry Tree Plaza, 9721 E. Washington St. The landlord was represented by Sandor Development. The tenant represented itself.
-Vera Bellezza Spa & Salon renewed its lease for 2,800 square feet of retail space at Lafayette Place, 3720 Commercial Drive. The landlord was represented by Sandor Development. The tenant represented itself.
-Yoya Frozen Yogurt leased 1,600 square feet at Pyramid Place Shops, 3520 W. 86th St. The landlord, Pyramid Place Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate. The tenant represented itself.
-China Happy Feet leased 1,600 square feet of retail space at North by Northeast, 7864 E. 96th St., Fishers. The landlord, NNE Associates LLC, was represented by Robyn Smart of Lee & Associates. The tenant represented itself.
-Dr. Tavel renewed its lease for 1,580 square feet of retail space at Esquire Plaza, 8139 Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.
-WB Pizza leased 1,482 square feet at North Willow Mall, 2290 W. 86th St. The landlord, Township 86 Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Rieth-Riley Construction renewed its lease for 1,200 square feet of retail space at Lafayette Place, 3743 Commercial Drive. The landlord was represented by Sandor Development. The tenant represented itself.
-Baobab African Market renewed its lease for 1,200 square feet and expanded into an additional 1,230 square feet of retail space at 7031 N. Michigan Road. The landlord was represented by Sandor Development. The tenant represented itself.
-Nail & Spa leased 1,010 square feet at 116th Street Centre, 890 E 116th St., Carmel. The landlord, LaSalle 115 Holdings, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Capitol Construction has completed a 1,200-square-foot retail build-out for Edible Arrangements at 2001 E. Greyhound Pass, Carmel.
-Capitol Construction has completed a 6,700-square-foot office build-out for Employ Indy at 115 W. Washington St.
The average rate for 30-year mortgages rose from 3.86 percent to 3.91 percent in the week ended Aug. 22, according to Bankrate.com. The rate for 15-year mortgages rose from 3.05 percent to 3.12 percent.
-PP Indy 5 LLC bought the 252-unit LaCasa Apartments at 1368 N. Arlington Ave. The property was listed for $2.25 million. The purchase price was not disclosed. The buyer and seller, GRE A/B LLC, were represented by Michael Wernke of Marcus & Millichap in Indianapolis and Jake Steele and Andy Glinksi of Marcus & Millichap’s Denver office.
-The ELK Family Trust bought the 23,627-square-foot Tractor Supply Co. building on 4.88 acres at 8135 Brookville Road. The property was listed for $3.7 million. The purchase price wasn’t disclosed. The buyer was represented by Michael Wernke of Marcus & Millichap. The seller, Spencer Family Trust, was represented by Len Jarrott of Jarrott & Co.
-Clover Creek Commons LLC bought the 14,000-square-foot Clover Creek Commons retail center at 17160 Dragon Fly Drive, Noblesville. The seller, The National Bank of Indianapolis, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar. The buyer, a development company, represented itself.
-8510 LLC bought an 18,000-square-foot building at 8510 Pendleton Pike. The buyer was represented by Matthew Broderick of Acorn Group. The seller, H&B Industries, was represented by Brian Buschuk and Jake Sturman of Jones Lang LaSalle.
Philadelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased Bell’s new headquarters at 4400 W. 96th St.
Democratic gubernatorial candidate John Gregg says he likely would support a hybrid health insurance exchange for Hoosiers if elected in November.
After Eli Lilly and Co. found a “glimmer of hope” in its test of its experimental Alzheimer’s drug, doctors and stock analysts generally concluded the company needs to conduct another long clinical trial to prove the drug’s effect. But one stock analyst thinks Lilly already has what it needs to ask for approval for its drug.
Angry shareholders of WellPoint Inc. are searching out and suggesting replacements for WellPoint CEO Angela Braly, according to analysts interviewed by IBJ and Bloomberg News. Sheryl Skolnick, a health care analyst at CRT Capital Group in Connecticut, and Jason Gurda, a Leerink Swann & Co. analyst in New York, said investors have suggested James G. Carlson, the chief of Amerigroup Corp., as Braly’s replacement. Gurda also said investors have suggested David B. Snow Jr., the former chief of Medco Health Solutions Inc., as a candidate. Indianapolis-based WellPoint is buying Amerigroup, a rival insurer, for $4.9 billion. Medco was recently acquired for $29.1 billion in April by Express Scripts Holding Co., a fellow drug-benefits manager. While neither man has publicly expressed interest in the job, and WellPoint’s board has expressed confidence in Braly, that hasn’t stopped the speculation, Gurda said. Other names raised by investors include Gail Boudreaux, head of the health plan division at UnitedHealth Group Inc., the biggest U.S. medical insurer, and Kenneth Goulet, WellPoint’s executive vice president, said Thomas Carroll, a Stifel Nicolaus & Co. analyst in Baltimore.
Eli Lilly and Co. won a U.S. appeals court ruling that upholds the validity of a patent for the lung-cancer drug Alimta and blocks generic competition through 2017. The U.S. Court of Appeals for the Federal Circuit on Aug. 24 rejected arguments by Teva Pharmaceutical Industries Ltd. that the patent was invalid. It affirmed a lower court ruling. The decision was posted on the court’s website. Alimta, whose chemical name is pemetrexed, generated $2.5 billion in sales last year for Indianapolis-based Lilly, making it the company’s third-biggest-selling drug. Alimta is designed to hamper cancer cells’ ability to use folic acid to grow after an initial treatment with other drugs. Israel-based Teva had argued that Lilly had patented a compound that wasn’t much different from what was covered by two earlier patents. The three-judge panel said the lower court was correct to rule that the 2017 patent is distinct from the earlier inventions.
The U.S. Food and Drug Administration has identified a southern Indiana farm that produced cantaloupes linked to a deadly salmonella outbreak and says the operation has recalled its melons, according to the Associated Press. Chamberlain Farms of Owensville could be one source of contaminated fruit in the multistate outbreak that has infected 178 people, hospitalized 62 and killed two, the FDA said in an Aug. 22 statement. Attorney John Broadhead said Chamberlain Farms voluntarily withdrew its cantaloupes last week and that all its retail and wholesale purchasers complied with the recall. The farm about 20 miles north of Evansville sold cantaloupes to grocery stores in four southwestern Indiana counties and one in southeastern Illinois, Broadhead said in a prepared statement. The fruit was also sold to wholesale purchasers in St. Louis; Owensboro, Ky.; Peru, Ill.; and Durant, Iowa. Neither the FDA nor the farm gave any information about what might have caused the contamination.
Community Physician Network, an arm of Indianapolis-based hospital system Community Health Network, recently hired five physicians. Dr. Anna Edwards, a family practice physician, received her medical training at Indiana University School of Medicine. Dr. Melissa Holt, an obstetrician/gynecologist, received her medical training at State University of New York’s Upstate Medical University in Syracuse, N.Y. Dr. Michael Nader, a family medicine physician, received his medical degree from Kansas City University of Medicine and Biosciences. Dr. Sara Pierce, an OB/GYN physician, received her medical degree from IU medical school. Dr. Derrick Walker, a family physician, completed his medical degree at Cornell Medical College in New York.
Fairbanks, the Indianapolis-based hospital for drug and alcohol addicts, named hospital executive Mark Monson as CEO. He will replace the retiring Helene Cross on Aug. 31. Monson serves as chief operating officer of Beaver Dam Community Hospitals in Wisconsin. Before that, he served as vice president of clinical services operations for Grossmont Hospital in La Mesa, Calif. He began his career in 1980 as a substance abuse counselor. Monson earned a bachelor’s in psychology from the University of Minnesota and a master’s in addiction studies from the University of Arizona.
St. Vincent Medical Group named Dr. Bruce Bethancourt as chief medical officer for the multi-specialty physician group of primary care and specialty health providers. Bethancourt comes to St. Vincent from Arizona-based Banner Medical Group, where he served as chief medical officer of the 650-physician practice. Bethancourt received his medical degree from the University of Arizona College of Medicine.
Dr. Rodney Benner has joined the staff of The Shelbourne Knee Center. The center has two other orthopedic specialists, Dr. Donald Shelbourne and Dr. Scott Urch. Benner did his medical training at IU medical school.
Plainfield police are searching for a man who robbed a CVS pharmacy at gunpoint early Saturday. An employee at the store at 1700 E. Main St. told police the suspect pointed a gun at two clerks, then ordered the pharmacist to open a safe. The man filled the bag with prescription drugs and fled the store. Police said a customer witnessed the incident and attempted to run after the suspect. The suspect fired two shots toward the customer that missed, but dropped his bag during the shooting. All stolen property was recovered.
A man was shot to death on the east side of Indianapolis early Sunday evening. Police found the victim in the 3800 block of East Michigan Street, at Sherman Drive, just after 7 p.m. with a gunshot wound to the head. Police did not immediately release the victim’s name or age.
A fire destroyed three vacant homes early Monday morning. It took Indianapolis firefighters more than an hour to battle the blaze, which broke out about 11:30 p.m. Sunday in the 4100 block of Rookwood Avenue in the Butler-Tarkington neighborhood. Three firefighters were slightly injured, with one requiring treatment at the hospital for an ankle sprain. The cause of the fire is under investigation.
There’s more than political philosophy at stake as Indiana’s candidates for governor wrestle over whether the state should start its own health insurance exchange. There’s potentially a lot of money for low- and moderate-income Hoosiers at stake, too.
Toyota says it is hiring the first wave of new employees this fall for an expected 400-person addition to the work force at its southwestern Indiana factory.
Several industry sources say Patti McGettigan was escorted from the WISH-TV Channel 8 building Friday after a three-year run as the local CBS affiliate's news director. The station isn't commenting on what led to her abrupt departure.
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.
While investors supported the sliver of promise offered when Eli Lilly and Co. said its Alzheimer’s drug may slow progression early in the disease, doctors weren’t as impressed, saying it could take years to find out for sure.
Candidates for Indiana's open U.S. Senate seat and the governor's office have largely avoided talk of social issues this election season. But the national firestorm over Missouri Republican Todd Aikin's comments have nudged the topic back to center stage.
