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Indiana's top higher education official warned Monday that legislators may demand explanations from public colleges and universities if the schools approve tuition hikes in excess of caps recently suggested by a state panel.
Federal officials said Monday they're taking a hard look at a new Indiana law that withholds some public funding for Planned Parenthood of Indiana, a development that could cost the state some of its Medicaid funding.
The Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
DiBella's Old Fashioned Submarines, a chain of gourmet sandwich shops based in Rochester, N.Y., is scouting for locations for between six and eight new restaurants in central Indiana.
After 25 years at La Margarita, stabilizing sales and surviving family tragedy, owner Lori Rangel-Grubbs is branching out to Fountain Square.
-Kort Builders has started construction of a 3,200-square-foot retail space for Cash America at 4319 S. East St.
-Kort Builders has started construction of a 3,120-square-foot medical space for Ideal Image at 8487 Union Chapel Road.
On a seasonally adjusted basis, the pace of mortgage loan activity increased 7.8 percent for the week ended May 13, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.60 percent from 4.67 percent the previous week. The rate for 15-year mortgages decreased to 3.75 from 3.81 percent.
-Southern Wine & Spirits of Indiana Inc. leased 25,201 square feet at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Pharmakon Long Term Care LLC leased 12,555 square feet at 801 Congressional Blvd, Carmel. The landlord, Technology Center Associates II LLC, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
-McKinney Renovators & Builders LLC leased 5,756 square feet at 3250 N. Post Road. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Allergy & Asthma Care of Indiana PC leased 5,044 square feet at 11590 N. Meridian St., Carmel. The tenant was represented by Stephen Adams of Hokanson Cos. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Real Estate Services.
-Optiview Vision leased 4,984 square feet at Southtown Center, 4648 S. Scatterfield Road, Anderson. The landlord, Charles Street Associates III LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-VFA Inc. leased 4,222 square feet at 8365 Keystone Crossing. The tenant was represented by Andrew Follman of Meridian Real Estate LLC. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-Adkins and Associates Inc. leased 3,060 square feet at 7026 Corporate Way at Corporate Center North. The landlord, CalEast Industrial Investors LLC, was represented by Kyle Powell, Russell Van Til and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Navigator Holdings Inc. leased 2,685 square feet in Pan Am Plaza, 201 S. Capitol Ave. The landlord, Coastal Partners LLC, was represented by Pete Anderson, Bennett Williams and Andrew Martin of Cassidy Turley. The tenant represented itself.
-Nicole Van Lee, DDS, leased 2,000 square feet at the Harrison Center, 9105 E. 56th St. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mann Properties, was represented by Debbie Mann of Mann Properties.
-Miko Hair leased 1,600 square feet of retail space in Greenbriar Shopping Center, 1261 W. 86th St. The tenant and landlord, Prime Property Investors, were represented by Nick Smyrnis of Lee & Associates.
-Elizabeth Johnson & Associates leased 1,500 square feet of office space in Greenwood Professional Park, 622 N. Madison Ave., Greenwood. The tenant was represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates. The landlord, Greenwood Professional Park, represented itself.
-Auntie Em’s Frozen Custard & Baked Goods leased 1,400 square feet of retail space in the Old Town on the Monon center at 111 W. Main St., Carmel. The landlord, Barrett & Stokely, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
-All Heart Realty bought a 7,001-square-foot office building at 220-222 Lakeview Drive, Noblesville. The price wasn’t disclosed. The buyer was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The seller, Dr. David Whiteman, was represented by Scott Herider of Lee & Associates.
-McDonald’s bought 1.53 acres at Anson, Duke Realty’s master planned mixed-use development located along State Road 334 west of Zionsville. The price wasn’t disclosed. The seller, Duke Construction Limited Partnership, was represented by Scot Courtney, Bart Jackson and Cindy Hoskinson of Lee & Associates. The buyer represented itself.
Veteran developer Danny Marr has sold his stake in Indianapolis-based Veritas Realty to a partner and plans to work as a residential real estate agent in Florida.
A Madison County coroner confirmed Sunday that 49-year-old William Mefford of Knightstown died of head and chest injuries suffered in a Saturday night racing crash at the Anderson Speedway. Mefford hit a corner barrier traveling at least 75 mph on the quarter-mile track after his hood flew open. The driver was known as an accomplished racer who had won the track's Late Model division on May 7.
Hazardous materials crews were called to an acid spill Monday morning on the east side. According to the Marion County Health Department, a vehicle hauling hydrochloric acid dropped a small box of the chemical on the street at the intersection of 30th Street and Shadeland Avenue. Police blocked off the intersection for about 40 minutes while crews cleaned up the spill.
A Franklin Township home struck by lightning early Monday morning was destroyed by fire. The homeowners, who have lived in the Wildcat Run neighborhood for 11 years, were awakened by a loud boom about 1 a.m. They did a “little investigating, but did not think the lightning hit their home,” an Indianapolis Fire Department spokeswoman said. Ten minutes later, neighbors were calling 911 and pounding on the door to tell them their home was on fire. They escaped without injury, but the house is likely a total loss.
Bob Brody, CEO of Franciscan St. Francis Health, which operates three hospitals in central Indiana as part of the 13-hospital Franciscan Alliance system, discussed the rationale for its decision to take control of Visiting Nurse Service Inc.
Well, here’s some consolation for the nightmarish year WellPoint Inc. had in 2010: Its legal department was one of three finalists for “Best Legal Department” honors from Corporate Counsel magazine. The Indianapolis-based health insurer lost that competition to Google Inc., with UPS also a finalist. But WellPoint still got this praise from the magazine: “WellPoint’s lawyers had a tumultuous year, having to deal with political reaction to its Anthem Blue Cross subsidiary’s proposed California rate hikes, filed just as health care reform passions began to flare. Even after the Affordable Care Act was signed, the nation’s largest health benefits company continued to take heat from the president on down, while it struggled to interpret and comply with the new law.” Many regarded WellPoint’s headaches as self-inflicted, but that criticism was aimed at its former general counsel and now CEO, Angela Braly, not the current legal team.
Eli Lilly and Co. has agreed to license the U.S. marketing rights of its disappointing sepsis drug Xigris to a newly created biotech company that will seek to reinvigorate it. The new company, BioCritica, will be based in central Indiana and will be jointly owned by Lilly and two private investment firms: New Jersey-based Care Capital LLC and North Carolina-based NovaQuest Capital Management LLC. The company will be led by David Broecker, who managed Lilly manufacturing operations in Germany and Ireland before becoming CEO of Alkermes Inc., a Massachusetts-based drug development firm. Within Lilly, Xigris was well down the priority list to get time from scientists and other staff. In 2010, it generated sales of just $104 million, which was down 18 percent from the previous year. Xigris was the first drug Lilly launched after it lost patent protection on its bestseller Prozac in 2001. Expectations for the drug initially were huge, with some Wall Street analysts predicting annual sales of $2 billion. But the drug struggled after U.S. regulators issued a strong warning about its bleeding side effects and because hospitals struggled to identify which patients and in which situations the drug was appropriate. BioCritica hopes results from a new clinical trial of Xigris will establish clarity on how to use it, thereby reenergizing sales. BioCritica has an option to acquire the international rights to Xigris at a later date, as well as options to acquire other critical-care drugs that are in Lilly’s pipeline. BioCritica also hopes to acquire critical-care drugs from other drugmakers.
Riley Hospital for Children lost its CEO last week, but got a fresh round of positive publicity to help it find a new one. Dan Fink resigned on Friday, according to Indiana University Health, the parent organization for Riley. IU Health said it would launch a national search for a replacement. Meanwhile, Riley was once again ranked as one of the top 50 children’s hospitals in the nation by U.S. News & World Report. Riley was nationally ranked in each of the 10 specialties included in the report. Its only top 10 ranking is in urology. The complete rankings can be viewed online here.
A team led by researchers at the Indiana University School of Medicine has identified a potential new way to target the incurable disease of emphysema with drugs. The researchers identified a lung protein in mice that appears to play a role in smoking-related emphysema and have created an antibody that blocks the protein’s activity, according to an article posted on the website of the Journal of Clinical Investigation. The lead author on the study is Matthias Clauss, a research professor of cellular and integrative physiology at the IU med school. Mice exposed to cigarette smoke that received an inhaled version of the antibody had significantly less cell death and inflammation and improved lung function compared to the mice that did not receive the treatment. The benefits to the treated mice continued even after the treatment stopped.
Eli Lilly and Co. named Dr. David M. Kendall, currently chief scientific and medical officer of the American Diabetes Association, as a distinguished medical fellow who will serve as senior medical adviser for Lilly’s diabetes division. He will transition from his current role in late July. Kendall also is an associate professor of medicine at the University of Minnesota and an adjunct medical director at the International Diabetes Center, both located in Minneapolis.
A.J. Foyt had it right. It's not the racers and owners that make Indianapolis. It's the other way around. Realizing that will help the event survive another 100 years.
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company’s lawsuit against his father, ex-CEO Don Marsh.
The owners of downtown's 36-story One Indiana Square/Regions Tower are working on plans to renovate part of the skyscraper's first floor to accommodate a massive new restaurant.
