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Marketing Urbanski

No, that isn’t Corey Hart on the t-shirt in the Hilbert Circle Theatre gift shop.

Indianapolis tech firm BidPal receives $5.6M infusion

The investment from Allos Ventures in Carmel and MK Capital in Northbrook, Ill., will help the company expand into more cities. BidPal uses wireless handheld devices to automate charitable auction bidding.

Lawsuit by fair victims challenges Indiana’s $5M tort cap

An Indiana law that caps the state's liability for damages at $5 million for a single event violates the U.S. and state constitutions and should be thrown out, six plaintiffs suing over the deadly collapse of an Indiana State Fair stage argue in a lawsuit filed Monday.

Construction

-Capitol Construction Services has completed a full interior renovation of the Starbucks at 12465 N. Meridian St., Carmel.

-Capitol Construction Services has completed a 2,200-square-foot build-out for Hot Box Pizza at 2499 Futura Parkway, Plainfield.

Residential

On a seasonally adjusted basis, the pace of mortgage loan applications increased 0.6 percent for the week ended Sept. 16, according to the Mortgage Bankers Association. The rate for 30-year mortgages was unchanged at 4.29 percent. The rate for 15-year mortgages fell to 3.46 percent from 3.52 percent.

People

Colliers International has added Rob Warstler, Yumi Prater and Kara Riggle to its local leadership team. Warstler has been appointed CEO, replacing Sam Smith, who is now chairman of the firm. Prater and Riggle have been named firm principals.

Leasing/leasing contracts

-Hanzo Logistics leased 102,600 square feet of industrial space in North Plainfield Park, 595 S. Perry Road, Plainfield. The tenant was represented by Steve Beals of Lee & Associates. The landlord, ProLogis, was represented by Luke Wessel of Cassidy Turley.

-GrinOn Industries leased 25,600 square feet in Park 100 Building 130, 7649 Winton Drive. The tenant was represented by Tim Garner and Tom Cooler of CB Richard Ellis. The building owner, Exeter Property Group, was represented by Kate Willen of Duke Realty.
 
-UPS Supply Chain Solutions leased 12,871 square feet in Park Fletcher Building 39, 2910 Fortune Circle West. The landlord, Duke Realty, was represented by Duke’s Glenn Davis. The tenant represented itself.

-Allegient LLC  leased 11,178 square feet at 201 W. 103rd St.  The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, Virtu Meridian Associates LLC, was represented by Adam Broderick of Jones Lang LaSalle.

-Weiss Communications Inc. leased 3,744 square feet of office space at 9795 Crosspoint Blvd. The tenant was represented by Andrew Follman of NAI Meridian. The landlord, CFS LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Amera Mortgage leased 3,110 square feet of office space at 3091 E. 98th St. The tenant was represented by Rob Christman of Bridge Real Estate Advisors. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-United Capital Rentals LLC leased 3,097 square feet of office space at 3091 E. 98th St. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.  

-Dr. John R. Phelps, DDS, leased 2,202 square feet of office space at 8902 N. Meridian St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, PHT Lakeview LLC, was represented by Tyson Chastain of Duke Realty.

-Joe’s Flooring leased 2,200 square feet of industrial space at 5545 W. Raymond St. The landlord, Indy Flex Investors Inc., was represented by Kyle C. Powell and Bryan W. Poynter of Cassidy Turley. The tenant represented itself.

-Statewide Roofing & Restoration leased 2,000 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Greenwood Oaks Investments LLC, was represented by Cathy Richards of Lee & Associates.

-Customer Solutions Inc. leased 1,799 square feet of office space at 6525 E. 82nd St. The landlord, NRFC Castleton Park Holdings LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.  

-The UPS Store leased 1,236 square feet of retail space in Clearwater Springs Shopping Center, 5265 E. 82nd St. The tenant was represented by Ron Mannon of Lee & Associates.  The landlord, PK Partners, represented itself in the transaction.

Sales/acquisitions

-Huntington National Bank bought a 1.32-acre outlot in Heartland Crossing, Camby. The price wasn’t disclosed. The buyer was represented by Scot Courtney of Lee & Associates. The seller, Wal-Mart Stores East, L.P., represented itself.

-Singh’s Property Investment LLC bought 3801 Shoppes, a 3,300-square-foot neighborhood shopping center at 3801 Lafayette Road. The price wasn’t disclosed. The buyer was represented by Manjit Singh of Star Alliance Brokerage. The seller, Noral LLC, was represented by Herb Feldmann and Cindy Hoskinson of Lee & Associates.
    
-Best Ventures LLC bought a 2,150-square-foot freestanding retail building at 8707 S. U.S. 31 that will house a Select Comfort retail store. The price wasn’t disclosed. The buyer was represented by Bill Makens of Makens Consulting LLC. The seller, HPG Greenwood Corner Shops LLC, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

Developer zeroes in on troubled Irvington site

A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.

Accountable care ‘savior’ of doc groups

Health_care_park_watch_videoIndianapolis’ largest independent physician group, American Health Network, doesn’t want to sell to a hospital, but its CEO hopes it can hold on until accountable care kicks in.

Q&A

Dr. Ed Kowlowitz, owner and medical director of the Center for Pain Management in Indianapolis, recently challenged a regional Medicare reimbursement policy and, surprisingly, won. He spoke with IBJ about the experience, as well how his three-physician practice is growing even while many physician practices are selling to hospitals.

People

Dr. Richard Rhodes will be installed as the 138th president of the Indianapolis Medical Society on Oct. 4. Rhodes is a pulmonologist at Community Health Network.

Indianapolis law firm Krieg DeVault LLP named Zach Cattell to an “of counsel” position with its health care practice group. Cattell is general counsel of the Indiana Health Care Association, which represents for-profit nursing homes and long-term care facilities.

Company news

Indianapolis-based WellPoint Inc. caught the attention of employers and health benefits brokers with its agreement to buy a stake in Bloom Health, a private health-insurance exchange that would compete for employers with the state-run marketplaces set to open in 2014 as part of the health reform overhaul. According to Bloomberg News, WellPoint and two not-for-profit health insurers will acquire a 78-percent stake in Minneapolis-based Bloom. It is an online marketplace offering a variety of health plans to about 20,000 workers at almost 50 companies. WellPoint officials think a private exchange could offer more consistency for multi-state employers than the state-run exchanges. Under the Bloom model, companies pay employees a fixed amount to cover a portion of their health-care coverage and workers provide the rest based on the plans they select. The idea of the private health-care exchange and its defined contribution model is similar to the trend in retirement benefits in which employers have been abandoning defined benefit pension plans for the relative financial safety of a 401(k) that allows companies to control how much they spend.

With its bestseller Zyprexa losing patent protection next month, Indianapolis-based Eli Lilly and Co. is trying to wring every dollar it can out of its other products, including its $2.2 billion-a-year lung cancer drug Alimta. And Lilly got some good news on that front Monday. A committee at the European Medicines Agency issued a positive opinion for the use of Alimta as a "continuation" maintenance therapy, Lilly announced. That makes market approval by the European Commission more likely. Continuation maintenance approval could mean significantly more dollars for Lilly. It would allow doctors to treat lung cancer patients with Alimta during initial treatment and for numerous months afterward to keep the disease in check. Alimta already was approved as a maintenance drug, but only for use after initial treatment of the disease with other drugs. Receiving approval as a maintenance therapy, which Alimta won back in 2009, helped sales soar 66 percent since then. Alimta sales totaled $1.2 billion worldwide in the first half of 2011. According to Lilly, no chemotherapy is currently approved as a continuation maintenance drug. Alimta is designed to treat patients with non-small cell lung cancer who have a certain tumor type called nonsquamous.

The Conquer Cancer Foundation of the American Society of Clinical Oncology gave $450,000 to Dr. Bryan Schneider, a physician-researcher at the Indiana University Melvin and Bren Simon Cancer Center. Schneider will use the three-year grant to study the neuropathy that some chemotherapy patients develop in hopes of eventually developing treatments to prevent it. Schneider has received three previous awards from the foundation.

Community Health Network opened a Community Spine Center in Greenwood, similar to the original spine center at Community North Hospital in Castleton. The south-side center will be led by Dr. Joshua Salyer, a graduate of Midwestern University-Arizona College of Osteopathic Medicine.

Irsay backtracks on out-for-season statement about Manning

Peyton Manning has an outside chance of returning in December, Indianapolis Colts owner Jim Irsay said on Twitter after local media quoted him saying Monday morning that the injured quarterback would be out for the season.

Indy should cheer for Jets and Bears, Badgers and Huskers

Sports business experts estimate that if the two teams with the biggest, wealthiest and most rabid fan bases meet in the Super Bowl or Big Ten Championship, it could boost the economic impact by 30 percent.

Firm tries again with personal health records

Even though Google Inc. has given up on the business of electronic personal health records, Fort Wayne-based NoMoreClipboard.com is launching a new service it thinks will crack open the market.

White wants charges dismissed

Indiana Secretary of State Charlie White filed a motion Friday, requesting that a judge dismiss voter-fraud charges. White claims the special prosecutors on the case have committed errors and weren't appointed correctly. White faces seven felony charges, including voter fraud and theft. He's accused of using an address he didn't live at when he voted. His trial is set for the end of January.