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Indy 500 in the books, but heat isn’t a record

May 28, 2012

Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.

Ganassi Racing dominates as Franchitti wins 3rd Indy 500

May 27, 2012

Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.

Facing money gap, candidate Gregg plays small ball

May 27, 2012

Democratic gubernatorial candidate John Gregg hopes time is money as he heads into the heart of the 2012 Indiana governor's race.

QUICK VIDEO: 500 Festival Parade in 3:26

May 26, 2012

500 parade watch videoWith temperatures flirting with the 90s, did you take a rain check on this year's parade? Here's a time-lapse version of the festivities.

Quick video: The IPL 500 Festival Parade in 3:26

Company news

May 25, 2012

National Government Services Inc., a subsidiary of Indianapolis-based health insurer WellPoint Inc., is eliminating 112 local jobs due to the loss of a government servicing contract. The company announced the job reductions in a notice to the Indiana Department of Workforce Development. The notice called the move a "plant closing" for legal reasons, but NGS is not going out of business, according to a WellPoint spokeswoman. NGS' office at 8115 Knue Road on the northeast side will remain open to service other contracts. The subsidiary will still employ almost 500 people locally after the layoffs and about 2,000 nationally. An office in Michigan with six employees will close due to the loss of the contract. NGS processes claims for the federal government’s Medicare and Medicaid programs.

The merger of Kokomo’s Howard Regional Health System into Indianapolis-based Community Health Network received final approval May 22 when the Howard County Board of Commissioners and County Council voted unanimously for the affiliation of the hospitals. The integration will take effect July 1, when the Kokomo hospital will change its name to Community Howard Regional Health, according to Community spokeswoman Lynda de Widt. The two hospital systems signed a letter of intent to merge back in January, less than four months after Howard Regional broke off a merger deal with Indiana University Health. Howard and Community officials said at that time the decision was driven by “dramatic changes” spurred by the 2010 federal health reform law. The letter of intent called for Howard Regional to join its finances with Community’s, yet retain a local board with at least two-thirds of its members living in Howard or contiguous counties. Indianapolis-based Community Health has similar affiliations with Community Hospital of Anderson and with Westview Hospital in Indianapolis.

WellPoint Inc. will offer an online personal training program to its health insurance customers, the Indianapolis-based company announced last week. WellPoint also made a venture capital investment in Los Angeles-based FitOrbit Inc., which provides online access to a personal trainer any time. The company matches consumers to trainers based on their fitness goals, preferences and lifestyles. FitOrbit also provides healthy recipes and a guide to healthy restaurants in their ZIP codes. WellPoint will begin rolling out FitOrbit and another wellness option to its clients in 2013.

People

May 25, 2012

Lori Knarr will become chief nursing officer at Indiana University Health University Hospital in July, replacing interim CNO Lisa Greenan, who will remain with the hospital. Knarr is executive director of nursing operations at the 770-bed Tallahassee Memorial Healthcare in Florida. She holds a master's degree in management from the Florida Institute of Technology and a bachelor's in nursing from the University of Pittsburgh.

Price hikes offset slower health care use

May 25, 2012

Newly available data from private health insurance plans show that price hikes by hospitals, doctors and drug companies have kept employer spending rising recently even as their employees and dependents have moderated their consumption of health care services.

Indy speedway replaces stage following inspection

May 25, 2012

A temporary outdoor stage set up to entertain race fans at the Indianapolis Motor Speedway has been replaced after it failed to meet new safety standards enacted by the state following last year's deadly stage collapse at the Indiana State Fair.

Residential

May 25, 2012

The average rate for 30-year mortgages was unchanged at 3.97 percent for the week ended May 23, according to Bankrate.com. The rate for 15-year mortgages fell from 3.20 percent to 3.19 percent.

People

May 25, 2012

Jason Weitzel has joined Capitol Construction as a project manager.

Construction

May 25, 2012

-Gibson Commercial Construction has been awarded the contract to build a 4,000-square-foot DiBella’s Old Fashioned Submarines restaurant in The Avenue, 910 W. 10th St.

-Capitol Construction has completed a 2,500-square-foot addition and 5,000-square-foot office build-out for Scofield Editorial at 6345 Carrollton Ave.

-Capitol Construction has completed a 4,200-square-foot retail build-out for United Package Liquors at 2230 Stafford Road, Plainfield.

Leases/leasing contracts

May 25, 2012

-Echo Engineering & Production leased 29,200 square feet of industrial space at 5406-5456 W. 78th St. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Kensington Realty Advisors, was represented by Jay Archer of Duke Realty Corp.

-Brickhouse, a Zumba/workout facility, leased 15,000 square feet at 4407 Lafayette Road. The tenant was represented by Jacque Haynes of Cassidy Turley. The owners, Woodrow J. and Betty Lane, were represented by Wayne O’Hara of Sitehawk Retail Real Estate.

-Domestic Linen Supply Co. Inc. leased 8,156 square feet of industrial space at 8802 Bash St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Indiana Oral and Maxillofacial Surgery Associates leased 6,002 square feet of office space at 8140 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Northeast Oral and Maxillofacial Surgery renewed its lease for 5,100 square feet at 9860 Westpoint Drive. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Crosspoint Partners LLC, represented itself.  

-Greater Indianapolis Literacy League leased 2,620 square feet at 911 Massachusetts Ave. The tenant was represented by Cam Kucic and Jeff Merritt of Summit Realty Group. The landlord, Fennmass LLC, was represented by Katie Sobotowski of Summit Realty Group.

-Accelerated Health Systems leased 2,500 square feet at Brandywine Plaza, 1563 N. State St., Greenfield. The tenant was represented by Jonathan Sharp of HSA Commercial Real Estate. The landlord, SR 9 Development LP, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.

-Indy ProCare Physical Therapy leased 2,000 square feet of medical office space at Greenbrooke II, 747 E County Line Road, Suite A, Greenwood. The tenant was represented by Milton McGinty of The Facilities Group. The landlord, GWA Wheatcraft LLC, was represented by John Cunningham of Allen Commercial Group, an affiliate of GWA Wheatcraft.

-Hot Mama, a women’s fashion boutique, leased 1,882 square feet at the Fashion Mall, 8702 Keystone Crossing. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, SDG Fashion Mall Limited Partnership, was represented by John Steen of Simon Property Group.

-Guardsmark renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 421, Carmel. The landlord was represented by Sandor Development.  The tenant represented itself.

-Deeper Life Bible Church leased 1,200 square feet of retail space at 6999 North Michigan Road, Unit B. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Lavish Nail Design leased 662 square feet of retail space at Esquire Plaza, 8213 Pendleton Pike. The landlord was represented by Jeff Roberts of Sandor Development. The tenant represented itself.

Sales/acquisitions

May 25, 2012

-Firestone bought 1.04 acres at 260 S. State Road 135, Greenwood. The price wasn’t disclosed. The buyer was represented by Carol Lockhart of Baum Realty. The seller, Enterprise Investments LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.

-Astbury Water Technology bought a 20,000-square-foot industrial building in Park Fletcher at 5940 W. Raymond St. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Uptown Realty Investors LLC, was represented by Brad Williams and John Demaree of Summit Realty Group.

Prominent downtown buildings offered for sale

May 25, 2012

Greater availability of debt financing has spurred renewed interest in real estate deal-making. Chase Tower and Rolls-Royce's downtown complex are for sale, while Capital Center is under contract.

BASI promises ‘never again’ after big losses

May 25, 2012

Bioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but not before the rest of the company’s leaders got a tongue lashing for their past performance.

Center makes urgent call for blood

May 25, 2012

The Indiana Blood Center has put out an urgent request for blood donations. Supplies are so low that an especially tragic traffic accident could strain capabilities of caregivers, said spokeswoman Shannon Jordan. Type O and negative blood types are in particularly short supply. Donations can be scheduled through 4 p.m. Friday, and from 8 a.m. to 2 p.m. Saturday, at donorpoint.org. Or donors can call 916-5150.
 

Indianapolis council to consider domestic-partner benefits

May 25, 2012

City-County Councilor Angela Mansfield filed the proposal covering city employees that would make same-sex and heterosexual couples who live together eligible for health insurance benefits.

IndyCar settles lawsuit over Izod sponsorship

May 25, 2012

A Florida-based sports marketing firm had claimed in a lawsuit that it was owed million of dollars in commissions for landing the clothing brand as the league’s title sponsor.

Murderer of Greenwood couple gets 120 years

May 25, 2012

Justin Carter was sentenced to 120 years in prison Thursday for the murder of a Greenwood couple. The Indianapolis man was 28 in July when he fatally shot Steven Konchinsky, 57, and Julia Konchinsky, 54, in their home. Police said he went to the couple's home in search of drugs and money.
 

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