City pitching in $38M for $192M Clarian project
The city is kicking in up to $38 million for infrastructure upgrades to support a massive expansion of the Clarian Health campus at 16th Street and Capitol Avenue.
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WILLIAMS: Rebuilding a sustainable Indianapolis
Rather than simply building and repairing streets, sidewalks, bridges and parks, ratepayers and taxpayers should demand that these projects set standards for construction in Indianapolis by reusing or recycling materials, using environmentally friendly products, and designing public spaces to encourage physical activity.
Federal audit knocks state’s safety, health program
The report from the U.S. Department of Labor raises concerns over whether Indiana’s Occupational Safety and Health program is properly funded and staffed. Overall, the report provided 45 recommendations to improve procedures within the program.
Firms with jobs ask for the moon; governments here show restraint
Businesses have always held the upper hand in negotiating for incentives with local government, but the past couple of years have given rise to the most intensely competitive economic development environment since the early 1980s.
Crowne Plaza walkway to add to city’s connectivity
Officials for Crowne Plaza Hotel downtown said a $400,000 enclosed connector linking the hotel to the convention center will be done in February.
Reform will boost health care costs, Indianapolis panel predicts
Rising costs aren't the only impact of reform, say panelists taking part in a Power Breakfast sponsored by Indianapolis Business Journal.People
Clarian Health named Dr. Philip Dulberger CEO and chief medical officer of its Clarian Saxony Medical Center, which is under construction in Fishers. Dulberger, an anesthesiologist, was hired by Clarian in 2006 to lead the development of the new hospital.
BioCrossroads has elected Darren Carroll, vice president of new ventures at Indianapolis-based Eli Lilly and Co., to the organization’s board of directors. Carroll oversees Lilly’s venture capital investments in the U.S. and Asia. He has previously chaired investment advisory committees for investment funds operated by BioCrossroads, an Indianapolis-based life sciences development group.
Eli Lilly and Co. named Jeffrey Winton its vice president of communications. Beginning Oct. 11, he will report to Bart Peterson, Lilly’s senior vice president of corporate affairs and communications. Winton has worked in communications roles for a variety of pharmaceutical firms, including Bayer Healthcare Pharmaceuticals, Schering-Plough, Pharmacia, Hoffmann-La Roche and American Cyanamid.
Jessica Jochim, a physician assistant, has joined St. Francis Medical Group Vascular Surgeons. She did her medical training at Butler University.
JW Marriott already sold 100,000 rooms
It doesn’t open until Feb. 4, but downtown’s JW Marriott hotel has already booked 100,000 room nights for 2011—more than any other local hotel—an achievement drawing both praise and concern from others in the hospitality industry.
Tired-but-proud school buildings find new missions
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.
Church with rich history sues to shed ‘historic’ label
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
City’s parking deal similar to much-maligned Chicago pact
Officials promoting a 50-year lease of Indianapolis’ parking meters have taken pains to point out the differences between their proposal and a controversial 75-year parking meter lease in Chicago. But a close look at both contracts shows Indianapolis’ pact largely uses the Chicago template.
Company news
Fewer than half of the physicians who received $1 million or more in consulting fees from orthopedic implant makers—including Warsaw’s Zimmer, Depuy Orthopaedics and Biomet—disclosed the financial ties in subsequent articles they wrote about the industry. That’s the finding of a study published this month in the Archives of Internal Medicine, according to a Bloomberg News report. The study authors focused on 40 orthopedic surgeon researchers who each received more than $1 million from a single orthopedic implant company in 2007. Those doctors published 95 articles related to the companies in 2008, the year following their payments, including studies, reviews and analyses designed to influence the future of patient care, according to the report. Just 44 of their articles disclosed the industry payments at all, and most of those that did merely stated that the author had receive more than $10,000 from the company. In all, five orthopedics companies made 985 payments to doctors for a total of $184 million in 2007 for consulting services, honoraria or assistance related to hip- and knee-replacement and reconstruction, with an average payment of $187,000.
Rose-Hulman Institute of Technology has received a three-year, $335,309 grant from the National Science Foundation to expand undergraduate research projects in orthopedics. The governmental agency hopes research by engineering students leads to improved, cost effective designs for knee and hip implants. The projects are being conducted through a partnership with Rose-Hulman’s department of applied biology and biomedical engineering and the Joint Replacement Surgeons of Indiana Research Foundation based at the Center for Hip & Knee Surgery in Mooresville.
Biosciences Vaccines Inc., a firm trying to improve vaccines against infectious diseases and cancers, has moved its offices from South Bend to the Purdue Research Park of West Lafayette. Biosciences Vaccines adds its extracellular matrix technology to vaccines to make them work more effectively and at a reduced cost. The technology was licensed from Cook Biotech Inc., which is also based in the Purdue Research Park. Biosciences Vaccines was launched last year and received a $400,000 investment from the Indiana Seed Fund, which is managed by Indianapolis-based BioCrossroads, a life sciences business-development group.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.
Leasing/leasing contracts
-King’s Beauty leased 21,539 square feet at the North Eastwood Shopping Center at 38th and Post Road. The tenant was represented by Chuck Devan of Century 21 Rasmussen. The landlord, Nassimi Realty, was represented by Andrew Levian of Nassimi Realty.
-Hammond Kennedy Whitney & Co. Inc. leased 8,336 square feet at 8888 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Aaron Rents leased 4,804 square feet at Noble Creek Shoppes, 451 Noble Creek Drive, Noblesville. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Douglas Realty Group Noblesville LLC, represented itself.
-Teddy’s Burger Joint leased 4,408 square feet of retail space at Southport Shoppes, 2222 W. Southport Road. The tenant was represented by Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co. The landlord, Changes in Latitude LLC, was represented by Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-Country Choice Inc. leased 3,600 square feet in Park Plaza Business Park, 5721 Park Plaza Court. The landlord, First Industrial Realty Trust, was represented by John Hanley and Nikhil Gunale of CB Richard Ellis. The tenant represented itself.
-US Trades LLC leased 2,662 square feet of office space at 10735 Sky Prairie St., Fishers. The landlord, BBQ I LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-Allos Venture Management Co. Ltd. leased 2,573 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Kelli Dugan and Todd Maurer of Halakar Real Estate. The landlord, Zeller Management, was represented by Tristan Glover of Zeller Management.
-Symbiont Science Engineering and Construction leased 2,358 square feet at Precedent Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate LLC. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.
-Indy Spinal Care and Dr. Shawn Benzinger leased 1,991 square feet at 7207 Shadeland Ave. The tenant was represented by Matthew Tobe of Halakar Real Estate. The landlord, Princell Professional Properties, was represented by Ralph Balber and Ashley Bussell of Halakar.
-Buhok Salon leased 1,946 square feet at Rockville Station, 9269 U.S. 36, Avon. The landlord, Rockville Station LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Firehouse Subs leased 1,892 square feet at Stony Creek Marketplace, 17053 Mercantile Blvd., Noblesville. The tenant was represented by Keith Stark of Situs Realty Corp. The landlord, Inland Southeast Stony Creek LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-ZIL Enterprises LLC leased 1,300 square feet of retail space at Carmel Walk, 1315 S. Rangeline Road, Carmel. The tenant was represented by Nick Smyrnis of Grubb & Ellis Harding Dahm & Co. The landlord, the Fineberg Group LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Moroz Market leased 1,300 square feet of retail space at Carmel Walk, 1315 S. Rangeline Road, Carmel. The tenant was represented by Rob Christman and Alyona Tellez of Baldwin Brothers Real Estate Group. The landlord, the Fineberg Group LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-A Healing Touch leased 1,200 square feet at Prairie Lakes II in Noblesville. The landlord, Prairie Lakes II LLC, was represented by Liz Yoho of Providence Development. The tenant represented itself.
Law firm moving to Carmel City Center
Indianapolis-based Drewry Simmons Vornehm LLP announced Friday it will move 39 employees from Keystone Crossing to a new Carmel headquarters as part of a growth plan that could include a downtown Indianapolis location.
Machine-tool maker Hurco hopes trade show sparks sales
The Indianapolis-based maker of computerized metal-cutting tools piled up record profits in fiscal years 2005 through 2008, but now is trying to leave behind a second year of losses.
Company news
After a string a bad luck, Eli Lilly and Co. finally won a court ruling in a patent case. The U.S. Court of Appeals for the Federal Circuit in Washington stood behind a lower-court ruling that blocks plans by Israel-based Teva Pharmaceutical Industries Ltd. to sell a generic version of the Evista osteoporosis treatment before March 2014. The court also said the judge was correct to invalidate two other patents that expire in 2017. The ruling protects a drug that generated $682.2 million in U.S. sales last year for Lilly. Last month, Lilly lost an appeal over the patent on its cancer medicine Gemzar and lost an initial ruling over the patent on its attention-deficit treatment Strattera.
Indianapolis-based SonarMed Inc., which makes respiratory monitoring technologies for hospital patients, has raised $1 million from angel investors. The money should allow SonarMed to launch its Airway Monitoring System, which won clearance from the U.S. Food and Drug Administration in April. Participants in the Series A funding round included StepStone Angel Investors, Spring Mill Venture Partners and BioCrossroads, all headquartered in Indianapolis, along with Chicago-based Hyde Park Angels and Cincinnati-based Queen City Angels.
Clarian Health is expected to create nearly 1,200 jobs when it builds a neurosciences center and administrative building just south of Methodist Hospital. Clarian is partnering with Shiel Sexton Co. Inc. on the roughly $200 million project, in which the hospital system would lease space in the buildings. The 1,187 jobs Clarian expects to create would boast an average annual salary of nearly $47,000. Clarian plans to start construction in November on the 247,000-square-foot, $120 million neurosciences center, with a completion date of April 2012. Meanwhile, work on the 280,000-square-foot, $87 million administration building is scheduled to start in April and would be finished in May 2013.
Angie’s List has partnered with Tennessee-based Healthcare Blue Book to give consumers price information before they receive medical care. The Indianapolis-based consumer review and rating service started making the price information available to members on its website Wednesday. The same information already is available directly from Healthcare Blue Book, a website launched last year that provides the average price health care providers charge for services ranging from ordinary pediatrician visits to complicated surgeries to expensive diagnostic imaging tests. Healthcare Blue Book encourages consumers to negotiate upfront with health care providers, even generating a contract for them to sign agreeing to the fair price Healthcare Blue Book’s database finds for the doctor’s local area. Angie’s List has been making available consumer-generated reports and ratings on health care providers since the spring of 2008.
Talking Points: What’s the buzz on the Palladium, the opera and more?
IBJ’s annual rundown of issues the A&E world will be obsessing about this year.
Traffic-signal maker flashing red over Indianapolis contract
Domestic vendor who thought “buy American” provision would help it win contract loses out to Taiwanese supplier.