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Notre Dame says 7-year capital campaign raised $2B

July 12, 2011

Officials say the school is now the first university without a medical school to raise more than $2 billion in a traditional seven-year capital campaign.

Judge temporarily blocks Medicaid prescription fee cut

July 11, 2011

U.S. District Judge Tanya Walton Pratt issued a temporary restraining order Friday blocking the Indiana Family and Social Services Administration from cutting its Medicaid prescription dispensing fees to $3 from $4.90.

Kilroy’s plans new restaurant in prime Broad Ripple spot

July 11, 2011

Kilroy's Bar n' Grill has applied for zoning approval to take over the Broad Ripple building occupied by Cardinal Fitness.

Property Lines template

July 11, 2011

Residential

July 11, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5.2 percent for the week ended July 1, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.69 percent from 4.46 percent the previous week. The rate for 15-year mortgages increased to 3.79 percent from 3.64 percent.

Construction

July 11, 2011

-Kort Builders has started a 3,200-square-foot office and residential build-out for Wuertz law office at 22 E. Washington St.

-Kort Builders has started a 2,800-square-foot office build-out at the Maxwell, 530 E. Ohio St.

People

July 11, 2011

-The Epps-Elson Team—Cathy Epps, Kevin Elson and Jeff Cloyd—has joined RE/MAX Ability Plus, Carmel.

–Kevin Elson has been named managing broker for RE/MAX Ability Plus, Carmel.

Leases/leasing contracts

July 11, 2011

-Enviro-Max Inc. subleased 21,892 square feet at 5421 W. 84th St. The sublessor, Roofing Supply Group LLC, was represented by Jason Speckman of Summit Realty Group. The tenant represented itself.

-Arrow Electronics leased 5,415 square feet of office space at 3077 E. 98th St. The tenant was represented by Zane Brown of CB Richard Ellis. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-TKO Tae Kwon Do leased 4,261 square feet of retail space at Meridian North, 9333 N. Meridian St. The tenant and landlord, Landmark Properties Inc., represented themselves.

-Golitko & Daly P.C., leased 4,034 square feet of office space at Park Meridian, 9450 N. Meridian St. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, Landmark Properties Inc., was represented by Brian Pahud of Landmark.
 
-MainSource Financial Group leased 3,750 square feet of retail space in The Pointe, 1263 N. State Road 135, Greenwood. The tenant was represented by  Brian Russell of Russell Development Co. The landlord, Sun Greenwood LLC, was represented by Cathy Richards and Jim Karozos of Lee & Associates.

-NorthWest Financial Services leased 2,426 square feet of office space at Meridian North, 9333 N. Meridian St. The tenant and landlord, Landmark Properties Inc., represented themselves.

-Family Homestyle Restaurant leased a 2,268-square-foot building at 5410 W. 34th St. The landlord, Conrad Properties LLC, was represented by Tracey Holtzman of Midland Atlantic. The tenant represented itself.

-Holiday Fireworks leased 2,262 square feet of retail space in Fall Creek Harbour, 10106 Brooks School Road, Fishers. The tenant and landlord, FCH Associates Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.

-Master Auto Repair leased 2,250 square feet of retail space at 4905 Century Plaza Road. The landlord, Master Automotive Services Group LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.

-Thai Orchid leased 1,930 square feet at Plainfield Commons II, 2683 E. Main St., Plainfield. The tenant was represented by Ryan Menard of Seven Development. The landlord, Plainfield Commons II LLC was represented by Liz Yoho of Providence Development.

-Twisted Sisters leased 1,768 square feet of retail space at Avalon Crossing at 71st and Binford Boulevard. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, Landmark Properties Inc., represented itself.

-ABG Ag Services leased 1,600 square feet of office space at 8727 Commerce Park. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.  

-Antea USA Inc. leased 1,495 square feet of office space at 6435 Castleway West Drive. The tenant was represented by Dustin McFarland of Mohr Partners. The landlord, NRFC Castleton Park Holdings LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Gray & Pape LLC leased 1,400 square feet of office space at 5807 N. Post Road. The landlord, SMB Group LLC, was represented by Bennett M. Williams, Andrew D. Martin and Mary Beth Kohart of Cassidy Turley. The tenant represented itself.

Sales/acquisitions

July 11, 2011

-The Fourth Shift bought a 9,000-square-foot industrial building and an additional lot at 2142 and 2145 Ransdell St. The price wasn’t disclosed. The buyer and seller, Wallace Engineering Corp., were represented by Rick Jones of Lee & Associates.

-S & S Manso Enterprises LLC bought a 2,083-square-foot office condominium at 1528 E. Greyhound Pass, Carmel. The price wasn’t disclosed. The buyer was represented by Sharon Thompson of KW Commercial.  The seller, CSR Holdings LLC, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Pace-Keystone Associates LLC bought a 72,481-square-foot office building at 9225 Priority Way West Drive. The price wasn’t disclosed. The seller, Second Step Asset Management Co., was represented by Dave Moore, Darrin Boyd and Becky Wells of Cassidy Turley. The buyer represented itself.

Lechleiter: German drug pricing creates ‘uncertainty’ for Lilly

July 11, 2011

Eli Lilly & Co. CEO John C. Lechleiter said Germany’s overhaul of drug pricing lacked transparency and the new policy creates “uncertainty” for the company’s business planning.

Company news

July 11, 2011

That didn’t take long. After finalizing its merger with Morgan Hospital & Medical Center on July 1, Indiana University Health announced a new medical office building in Mooresville. According to The Reporter-Times of Martinsville, the 15,200-square-foot building should be finished by December. The $3.6 million project will unite physicians who work out of two separate office buildings in the area. The southern suburbs of Indianapolis have become a battleground for Indianapolis’ major hospital systems. Franciscan St. Francis Health has long dominated the area. But Community Health Network recently expanded its hospital on County Line Road and also formed a close partnership with Franklin-based Johnson Memorial Hospital. IU Health’s acquisition of Morgan Hospital gives it a toehold in the region, and the system still has a chunk of land in Bargersville it could build on if its leaders see the opportunity for further growth.

As part of their partnership announced in November, OrthoIndy and St. Vincent Health have begun offering orthopedic care in Bedford, where St. Vincent is in crosstown competition with Indiana University Health. Orthopedics is a key specialty to bring lucrative surgeries into a hospital. In Bedford, OrthoIndy’s Dr. Benjamin Justice and Dr. Matthew Lavery, along with St. Vincent’s Dr. James Rickert, are accepting patients at St. Vincent Dunn Hospital.

Police investigate west-side shooting

July 11, 2011

An autopsy is planned Monday afternoon for the victim of an early-morning shooting. Police were called to a strip mall near West 38th Street and High School Road about 5 a.m. after a man was found dead in a parking lot. Authorities said the victim, who was not identified, had “serious trauma” to his body. Witnesses reported seeing three cars speeding away shortly after the incident.

Coal train derails near Bloomington

July 11, 2011

About a third of a 100-car Indiana Rail Road Co. train hauling coal went off the tracks Sunday afternoon while en route from Sullivan County to Indianapolis. No one was injured, but parts of Garrison Chapel Road near the tracks in Bloomington are expected to be closed for at least two days. The 35 cars derailed shortly before 3 p.m. Investigators believe weather was a factor because extreme heat can make the tracks expand and contract, but a company spokesman said it is too soon to determine the cause of the incident.

Teen found guilty in Martinsville school shooting

July 11, 2011

A 16-year-old Martinsville boy was found guilty of attempted murder Monday after admitting in court that he intended to kill a classmate. Michael Phelps was accused in the March 25 shooting at Martinsville West Middle School on March 25. Morgan Superior Court Judge G. Thomas Gray stopped the bench trial and issued the verdict after Phelps testified that he shot 15-year-old Chance Jackson twice with the intent to kill him. Jackson, who is still recovering from his injuries, also took the stand. Phelps faces 20 to 50 years in prison. Sentencing is set for Aug. 12.

Can’t stand the heat? Get off the job site

July 11, 2011

The combination of rising temperatures and humid air have prompted the National Weather Service to issue a heat advisory for central Indiana through 8 p.m., but some area workers can’t stay out of the elements.

Study: Medicaid better than nothing

July 11, 2011

Health care reform will add roughly 500,000 Hoosiers to the Medicaid program and, in spite of great criticism of that expansion, a new study suggests Medicaid coverage does help consumers get more care, have fewer unpaid bills and feel better.

United Way to distribute $34.6M from campaign

July 11, 2011

The amount to be given to local agencies is 3.6 percent less than last year. United Way raised a total of $38.2 million in its 2010 campaign, falling short of an ambitious $41 million goal.

People

July 11, 2011

Indianapolis-based Northwest Radiology Network P.C. has hired Dr. Marc Underhill, a graduate of Boston College and the Indiana University School of Medicine. He most recently was an interventional radiology fellow at Henry Ford Hospital in Detroit.

Northwest Radiology also hired Dr. Vincent Flanders, a graduate of the University of South Florida and the Duke University School of Medicine. He recently completed a fellowship in interventional radiology and abdominal imaging at Harvard Medical School’s Massachusetts General Hospital.

Indianapolis-based Hall Render Killian Heath & Lyman P.C. hired associate attorney Jarrod A. Malone, whose practice focuses on professional liability defense for dentists, physicians, hospitals and lawyers. Malone is a graduate of the IU School of Law in Indianapolis.

Lilly’s Cialis finally overtakes Viagra

July 11, 2011

Why do drugmakers still pursue so many me-too drugs? Because, if marketed well, they can be extremely lucrative. Just ask Eli Lilly and Co. about its drug Cialis.

Communications giant WPP buys stake in Just Marketing

July 11, 2011

One of the world’s largest communications firms has acquired a stake in Just Marketing International, a locally based motorsports marketing firm that has been valued at about $100 million.

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