New TIF districts could spur urban development
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
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EDITORIAL: Smart growth likely result of Zionsville battle
Zionsville’s family feud over commercial real estate development has stirred passions among people who seem to agree, at least outwardly, on one point: The town’s growth should be managed to preserve its quality of life.
Franciscan Alliance takes control of VNS home health agency
Visiting Nurse Service Inc., a 200-employee agency based in Indianapolis, will operate under the umbrella of Franciscan St. Francis Health, the organizations announced Thursday.
Roundup: Presley Presents, La Margarita, Stacked Pickle, Chicago’s Pizza, Pioneer
Check out a round-town roundup chock full of new locations for popular restaurants including La Margarita, Stacked Pickle and Chicago’s Pizza, along with a new family dinner theater and a new concert venue for Fountain Square.
Leases/leasing contracts
-Jones Lang LaSalle has been named exclusive leasing agent for City Center at Penn, a 136,728-square-foot office building at 1320 N. City Center Drive, Carmel. John Robinson and Adam Broderick will be in charge of leasing the property for JLL.
-Minority Trades LLC, dba North Meridian Hardware, has leased a 21,000-square-foot building at 1433-1435 N. Meridian St. The tenant, which has an option to purchase the property, was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Metropolitan Indianapolis Public Broadcasting Inc., was represented by Charles Cagann of Mansur Real Estate.
-Division IX LTD leased 7,000 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The tenant, a construction company, was represented by Conrad Jacobs of Newmark Knight Frank Halakar. The landlord, National Bank of Indianapolis, was represented by Ashley Bussel and Ralph Balber of Newmark Knight Frank Halakar.
-La Fuente Mexican Restaurant leased 4,923 square feet at Exit Five Shopping Center, 9771-9775 116th St., Fishers. The landlord, Sunbeam Development Corp., was represented by Mark Perlstein of Sitehawk Retail Real Estate. The tenant represented itself.
-Kimigasuki Japanese Steak House leased 3,860 square feet at Avon Crossing, 7840 U.S. 36, Avon. The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Filterfresh Coffee Service Inc. renewed its lease for 2,880 square feet at Corporate Center North, 7005 Corporate Drive. The tenant was represented by Carson Jones of Partners National. The landlord, CalEast Industrial Investors LLC, was represented by Kyle Powell, Russell Van Til and Bryan Poynter of Cassidy Turley.
-Accenture leased 2,544 square feet at Chase Tower, 111 Monument Circle. The landlord, Charter Hall Office REIT, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-North Meridian Psychiatric Associates leased 2,174 square feet at 9302 N. Meridian St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.
-Brickyard Gutter Systems Inc. leased 2,104 square feet at 116 S. Park Drive, Greenwood. The tenant was represented by Kyle Powell and Michael Weishaar of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.
-Jimmy Johns Gourmet Sandwiches leased 2,006 square feet at Washington Square Commons, 10110 E. Washington St. The tenant was represented by Drew Warner of Eclipse Real Estate. The landlord, 10110 E. Washington St. LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Neuropsychology Associates leased 1,933 square feet at Green on Meridian, 10291 N. Meridian St., Carmel. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-Subway leased 1,881 square feet at Michigan Road Shoppes, 8800 N. Michigan Road. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, I.I. Mart LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Dr. Gregory Hale leased 1,047 square feet at Green on Meridian, 10291 N. Meridian St., Carmel. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle. The tenant represented itself.
-BoxCrush leased 1,020 square feet at 9302 N. Meridian St. The tenant was represented by Alex Cantu of Summit Realty. The landlord, Gibraltar Properties, was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.
Zionsville residents disagree on commercial development
After property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
INSIDE DISH: Monon restaurant gets lesson in shifting gears
Tim Williams learned to make big changes on the fly during the first year of his fledgling Broad Ripple eatery, including scrapping counter service, adding a wait staff and revamping the menu.Health care providers opening to technology
Some health care system are finally allowing online scheduling.
Reform could create more ’boutique’ doctors
Health reform could accelerate trend toward two tiers of care, with concierge services like Dr. Matt Priddy offers at the top and long waits and minimal attention at the bottom.
Performing arts center extends CEO’s contract
The Center for the Performing Arts in Carmel has extended CEO Steven Libman’s contract through 2016, the board of directors announced Wednesday.
Company news
Indiana Health Information Exchange Inc., based in Indianapolis, added two more hospitals to its medical-record-swapping network. Logansport Memorial Hospital and Woodlawn Hospital have linked their electronic medical records systems to those of 79 other hospitals, long-term care facilities or health centers via the Exchange’s Indiana Network for Patient Care. The network handles about 3 million secure transactions of clinical data every day, including laboratory test results as well as medication and treatment histories. The goal of the exchange is to help doctors have the fullest information possible to choose the best therapy and to avoid drug interactions that could harm or even kill patients.
Marian University is a step closer to recruiting students for its new medical school after it won pre-accreditation status from the accreditation commission of the American Osteopathic Association. The initial step of approval had been delayed since December, when the commission requested that Marian put money it has raised to fund the school in a different kind of escrow fund format than Marian had done. That setback led Marian to plan to open the school in fall 2013 instead of fall 2012. It now hopes to receive provisional accreditation in September, after which it can begin recruiting students. “We decided that we would get a much higher quantity of the students we wanted to attract,” Dr. Paul Evans, dean of Marian’s college of osteopathic medicine, told IBJ in April. “We felt we would have more time to get the word out.” Because doctors of osteopathy go into primary care at higher rights than doctors of medicine, Marian hopes its new med school—only the second in Indiana—will help address a shortage of primary care doctors estimated to reach 2,000 by 2020.
Profit surged at CNO Financial Group Inc. in the first quarter, topping expectations of Wall Street analysts. The Carmel-based life and health insurer on Monday reported earnings of $54 million, up 59 percent from the same quarter a year earlier. The profit translated to 19 cents per diluted share, compared with 16 cents per share predicted by analysts surveyed by Thomson Reuters. CNO enjoyed a big boost in profit at its Chicago-based Bankers Life unit because of higher interest-rate spreads on its annuity products, as well as fewer costs on long-term care policies it holds but no longer sells. Those results offset a dip in profits at CNO’s Carmel-based Washington National unit and flat profits at Philadelphia-based Colonial Penn. Revenue totaled $1.05 billion, up 4.7 percent and slightly ahead of analysts’ projections.
Scoop: What’s up at the Palladium in 11/12?
Lineup includes Bernadette Peters (with Michael Feinstein), Sandi Patty (with Michael Feinstein), and Marvin Hamlisch (with Michael Feinstein)…plus more acts without Michael Feinstein.
Men’s store Jos. A. Bank plans downtown location
The men's clothing chain Jos. A. Bank plans to open a new store at Meridian and Washington streets in a much-needed vote of confidence for street-level retail downtown.
Busy chef plans new downtown Indianapolis restaurant
Owner of Pizzology in Carmel to introduce new concept in East Washington Street space.
East-side apartment complex facing foreclosure
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
SHELLA: A theater review of the General Assembly
Indianapolis Democrat Greg Taylor goes to the microphone so much he makes Don Quixote look lethargic. Carmel Republican Mike Delph seems to scour the Drudge Report looking for new ways to make the electorate adopt his values.
Greenwood mayor rare incumbent to lose in area primaries
Four-term incumbent Charles Henderson was defeated, in part because of his plan to revitalize the city’s downtown by destroying several historic buildings. Most other incumbent mayors in the Indianapolis metropolitan area were winners.
J.D. Byrider sold to private equity firm
The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.
CNO Financial’s first-quarter profits surge 59 percent
The Carmel-based life and health insurer earned $54 million, or 19 cents per share, topping the expectations of Wall Street analysts.