With Polian gone, Irsay must absorb criticism
Colts owner Jim Irsay has a plethora of huge decision to make even beyond this off-season. With his main adviser now gone, he may have to rely on his intuition to make those tough calls.
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Blakley Corp. hires first outsider CEO
Indianapolis-based Blakley Corp., a specialty contractor and home-flooring retailer, has hired the first outsider CEO in the company's 114-year history.
WISH says reporter firing not due to downsizing
Local CBS affiliate WISH-TV has fired award-winning field reporter Brad Edwards, but General Manager Jeff White said the station will soon hire a replacement, plus two additional reporters to grow its staff.
Daniels outlines agenda for General Assembly
In a wide-ranging interview, Gov. Mitch Daniels discusses his goals for the General Assembly, which convenes Wednesday. Among them: Implement a statewide smoking ban, make Indiana a right-to-work state, and end what he calls “credit creep” for college students.
Local developer rescues 1913 apartment building from wrecking ball
A local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children’s Museum from demolition.
White asking to stay in office during appeal
A Marion County judge issued an order Dec. 22 ousting Indiana Secretary of State Charlie White because he was improperly registered as a candidate when he ran for office in 2010.
Rebuilding effort by Colts starts with surprising end of Polian era
The Indianapolis Colts fired vice chairman Bill Polian and his son, general manager Chris Polian, Monday after a 2-14 season. Coach Jim Caldwell might keep his job, owner Jim Irsay said.
Lawmaker: Prison land sale may pose safety threat
Democratic state Rep. Scott Reske said the sale of nine tracts of land surrounding the Pendleton Correctional Facility would cut in half a state-owned buffer zone between Pendleton's Fall Creek Elementary School and the town's two prison facilities.
Daniels praises delay of federal pollution rule
Gov. Mitch Daniels is praising a court ruling that's delayed an Obama administration regulation aimed at reducing power plant pollution in 27 states that contributes to unhealthy air downwind.
IU doc growth slower than expected
Indiana University Health Physicians started as the Indiana Clinic three years ago with plans to employ at least 1,200 physicians by now. That hasn’t happened, but the organization said it won’t stop folding doctors into its organization.
Shareholders gives earful to BASI execs
For the first time in three years, Bioanalytical Systems Inc. boosted its annual revenue. But instead of receiving congratulations, one of the company’s largest shareholders said the company’s trends are “bleak.”
People
Dr. Eric L. DeWeese, a pulmonologist, joined Danville-based Hendricks Regional Health Medical Group on Jan. 1. DeWeese treats patients with diseases of the chest and lungs, emphysema, asthma, pneumonia, lung cancer, respiratory failure and sleep disorders. He did his medical training at the Indiana University School of Medicine.
Five cancer physicians from Indianapolis-based Community Health Network began seeing patients Jan. 2 at the Cancer Care Center of Franklin-based Johnson Memorial Hospital. The arrangement is part of the clinical collaboration the two hospital systems signed in March 2011. The new physicians are Dr. Anuj Agarwala, Dr. Pablo Bedano, Dr. Sumeet Bhatia, Dr. Hermachandra Venkatesh and Dr. Radhika Walling. They join Dr. Anita Conte, who previously staffed the Cancer Care Center.
Company news
Forbes blogger Peter Cohan estimates that orthopedic implant companies—including Warsaw-based Zimmer Holdings Inc. and DePuy Orthopaedics Inc.—will pay out $5 billion to cover legal claims that their all-metal hip implants have failed, causing new health issues. The metal pieces of the implants allegedly generate debris as they rub against each other, and the debris is damaging tissue, causing infections and, in extreme cases, leading to crippling complications. Cohan broadcast his prediction after the New York Times published an article on the problem last week. The Times noted that private health insurers are moving in court to recover their expenses for the follow-up medical care caused by the hip implants. The federal Medicare program is expected to follow suit. Cohan estimates there will be 30,000 claims before the issue is settled. Multiply that number by likely settlement amounts—he notes it was $147,000 per patient 10 years ago in a case involving Sulzer Orthopedics—and you get pretty close to $5 billion.
A long-running dispute between two local food companies that serve nursing homes was resolved in October by Hamilton County Judge Steve Nation. Anderson-based Rubicon Foods LLC was ordered to pay $94,600 to Indianapolis-based Darlington Cookie Co. for misappropriation of trade secrets and trespassing on computers. Rubicon is also on the hook for nearly $276,000 in attorney's fees racked up by Darlington’s law firm, Indianapolis-based Bose McKinney & Evans LLP. Darlington is led by Phil Hockemeyer, and Rubicon is led by his younger brothers, Steve and Todd Hockemeyer. All three brothers worked together at Darlington before the younger two left in 2006 to form Rubicon, claiming they were forced out. But Darlington claimed successfully that Steve and Todd Hockemeyer stole trade secrets from Darlington’s computers before leaving. Both companies make food mixes that whip up into sliced bread, rice, pasta and cookies that dissolve immediately when eaten by nursing home patients. The mixes are designed to help patients who are malnourished or sometimes even die because they can’t swallow solid food properly.
St. Vincent Randolph Hospital in Winchester will join the Indiana Telehealth Network. Construction of about 25 miles of fiber-optic cabling to the hospital will begin in the coming weeks. Construction will be completed this summer. The project brings broadband Internet access to the 25-bed hospital, as well as establishes a connection hub for broadband connectivity for surrounding Randolph County. The Indiana Telehealth Network already includes 23 rural hospitals and five urban partner hospitals. The network is primarily funded by the Federal Communications Commission and is administered by the Indiana Rural Health Association. St. Vincent Randolph is part of the Indianapolis-based St. Vincent Health chain of hospitals.
Indiana Statehouse capacity limit angers Dems
A plan by Indiana officials to limit the number of people who can be inside the Statehouse at any given time has angered Indiana Democrats and union officials.
Fieldhouse promoters have high hopes for first tennis event
Pacers Sports & Entertainment and local tennis officials are hopeful a tennis event featuring Pete Sampras and Todd Martin at Bankers Life Fieldhouse will be a springboard to much bigger tennis events, maybe even a Davis Cup match.
Construction
-Kort Builders has completed a 32,000-square-foot office build-out for the Guitar Center at 6625 Network Way.
-Kort Builders has completed a 1,915-square-foot retail space for Glitz Boutique at 5151 E. 82nd St.
Residential
The average rate for 30-year mortgages rose from 4.20 to 4.21 percent for the week ended Dec. 28, according to Bankrate.com. The rate for 15-year mortgages rose from 3.42 percent to 3.44 percent.
Leases/leasing contracts
-DestinationXL leased 16,307 square feet of retail space in Plaza at Castleton 8480 Castleton Corner Drive. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, Castleton Shopping Center LLC, was represented by Bryan Chandler of Eclipse Realty and Paul Gold of ECHO Retail.
-Bohlsen PR LLC leased 7,800 square feet of office space at 201 S. Capitol Ave. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Coastal Partners LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley.
-Compendium leased 4,561 square feet of office space at 55 Monument Circle. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, Winthrop Management LP, was represented by Bennett Williams and Pete Anderson of Cassidy Turley.
-Hall Render Killian Heath and Lyman leased 3,999 square feet of office space at One American Square. The landlord, OneAmerica Financial Partners, was represented by Jon Owens and Russ Van Til of Cassidy Turley. The tenant represented itself.
-Baxter James and Rose, LLP leased 3,062 square feet of office space at 6602 E. 75th St. The tenant was represented by Thomas Osborne of Colliers International. The landlord, Mayfield Gentry Realty Advisors Inc., was represented by Andrew Martin of Cassidy Turley.
-Circle City Pizza renewed its lease for 2,269 square feet of retail space in Esquire Plaza, 8245 Pendleton Pike. The tenant and landlord, Sandor Development, represented themselves.
-JobNews Inc. leased 1,595 square feet of office space at 3077 E. 98th St. The tenant was represented by Thomas Hadley of Summit Realty Group. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-The UPS Store leased 1,440 square feet of retail space in Greenbriar Shopping Center, 8555 Ditch Road. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, Prime Property Investors Fund VIII, was represented by Bart Jackson and Scot Courtney of Lee & Associates.
-Shurr Success renewed its lease for 1,365 square feet of office space at 6505 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-The Pet Spaw LLC leased 1,350 square feet of office space at 3934 W. 96th St. The tenant was represented by Darrin Boyd of Cassidy Turley. The landlord, Brinson Properties LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-The DeNovo Group leased 1,260 square feet of office space at 101 W. Ohio St. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, West Ohio II LLC, was represented by Renae Breitbach of Amerimar.
-Midwest Estate Buyers LLC leased 1,200 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The tenant was represented by John Byrne of Cassidy Turley. The landlord, CW Capital Asset Management, was represented by Bill French of Cassidy Turley.
-Westside Checking renewed its lease for 1,200 square feet of retail space in Eagledale Plaza, 2802 N. Lafayette Road, No. 22. The tenant and landlord, Sandor Development, represented themselves.
-Midwest Environmental and Pallet Recycling Inc. leased 1,200 square feet at 1434 Sadlier Circle, East Drive. The tenant was represented by Ashley Bussell of Newmark Knight FrankHalakar. The landlord, First Industrial Realty Trust, was represented by Kristin Broome of First Industrial Realty Trust.
-Philly Steak & Lemonade leased 1,000 square feet of retail space in 30th & Kessler retail center at 3117 W. 30th St. The tenant and landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Sales/acquisitions
-DDS Integrated LLC bought a 10,460-square-foot building at 4495 Saguaro Trail. The price wasn’t disclosed. The buyer was represented by J.D. Graves of CBRE. The seller, Belden & Wampler LLC, was represented by Nick Svarczkopf and Mark Writt of CBRE.
-An investment group headed by Bluestone Property Management bought the 753-unit Cottages of Fall Creek apartments at the northwest corner of East 56th Street and Interstate 465. The price paid for the complex, formerly known as Brendan Way, wasn’t disclosed. The buyer and seller, special servicer Helios AMC, were represented by Tikijian Associates.