Debating where to turn as Bush tax cuts near expiration
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
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Defendant pleads guilty in $880M fraud case
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.Factory production creeps up again
Production at U.S. factories grew in August for the 12th time in 14 months, but at a slower rate than earlier this year.
UPDATE: Group pushing for constitutional property tax cap
Gov. Mitch Daniels joined others in promoting passage of a referendum that would make property tax caps in Indiana part of the state constitution.
Report: Marian med school to add $44M to economy each year
Marian University will spend more than $32 million to build a new building for its college of osteopathic medicine and expects the school to add $44 million a year to the Indianapolis-area economy.
SLAUGHTER: Don’t fall victim to ‘imposter syndrome’
We might think entrepreneurs, managers and highly paid professionals would be awash in self-confidence. Yet in a 1978 paper, Pauline Rose Clance and Suzanne Imes of Georgia State University wrote that, “Despite outstanding academic and professional accomplishments [many] persist in believing that they are really not bright and have fooled anyone who thinks otherwise.”
Estridge drops Westfield sports complex, still plans stadium
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
LOU’S VIEWS: Painting the blues in Washington, D.C.
Yes, my mission in Washington, D.C., was to deliver my daughter into the arms of academia. But with the chance to visit the Smithsonian, can you blame me for making an early exit from campus orientation?
Company news
Marian University in Indianapolis has named the founding dean of an Atlanta-area medical school to head up the school for osteopathic doctors it plans to open in 2012. Paul Evans has been dean and chief academic officer for six years of the Philadelphia College of Osteopathic Medicine in Suwanee, Ga. In his new position, he will lead efforts by the private Catholic university to establish Indiana's second medical school. Marian officials announced in January plans for the new school that they say could enroll 150 students in the first class. Construction hasn't started on the school. Osteopathic doctors have similar training to traditional physicians, but also are trained in diagnosing and treating musculoskeletal problems.
The Roudebush Veterans Affairs Medical Center and the Indiana Health Information Exchange will now work to make their systems talk to each other in a pilot project spearheaded by the U.S. Department of Veterans Affairs. The department will invite veterans who receive medical care both at Roudebush and at private health care providers around central Indiana to sign up for the pilot. Records for patients who participate could be swapped from the VA providers to the private doctors and hospitals as needed. The Indiana Health Information Exchange provides access to the records of more than 6 million patients through its partnerships with 60 hospitals and the Indianapolis-based Regenstrief Institute Inc., which maintains decades of Indianapolis patient records in a database. The VA hospital in Indianapolis will communicate with the Indiana Health Information Exchange using a new “gateway” set up by the U.S. Department of Health and Human Services. Called the Nationwide Health Information Network, it provides the technical and legal framework to allow patient information to be swapped electronically and securely.
A new report shows Indiana hospitals and ambulatory surgery centers recorded 94 preventable medical errors in 2009, a drop from the 105 mistakes reported in 2008 and 2007, according to the Associated Press. The most common error last year was a foreign object such as a sponge left in a patient after surgery. Indiana's 306 facilities reported that error 29 times. The report released Monday by the Indiana State Department of Health counted 17 instances of surgery performed on the wrong body part. Pressure ulcers, also known as severe bedsores, occurred 22 times—down from 33 the previous year.
WellPoint Inc. finally got its rate hike—five months after the storm. The Indianapolis-based health insurer won approval last week from regulators in California to raise rates on individual policyholders in the state by an average of 14 percent, according to the Associated Press. WellPoint had withdrawn a request for rate hikes averaging 25 percent—and ranging as high as 39 percent—after President Obama spotlighted them and public outrage ensued. The brouhaha has been credited with helping Obama push a stalled health reform law through Congress. An outside actuary hired by California regulators later found math errors in WellPoint’s calculations, which led to WellPoint withdrawing and then requesting the smaller increase.
Dean named for planned osteopathic school at Marian
Marian University in Indianapolis has named the founding dean of an Atlanta-area medical school to head up the school for
osteopathic doctors it plans to open in 2012.Local government supplier cracks Inc. 500’s top 10
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one
of the fastest-growing companies in the nation.Leasing/leasing contracts
-Keebler renewed its lease for 45,917 square feet at 7735 Winton Drive in Park 100. The tenant was represented by Andrew Morris, Jeremy Woods, Matt McGrady and Jon Shuel of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Knowledge Services leased 16,209 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The tenant was represented by Tim Norton and Cameron Kucic of Sumhttps://admin.ibj.com/admin/article/workflow/claim?articleId=21856#mit Realty Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Gaylor Inc. leased 13,263 square feet at Castle Creek V, 5750 N. Castle Creek Parkway. The tenant was represented by Aasif Bade and Pat Chittenden of Ambrose Property Group. The landlord, Blue Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Ji-Eun Music Academy leased 6,960 square feet of office space at 10029 E. 126th St., Fishers. The tenant was represented by Shelley Meisenhelder of Coregroup Corporate Real Estate Advisors. The landlord, Eiker Investments II LLC, was represented by Bennett M. Williams and John A. Crisp of Cassidy Turley.
-InSphere Insurance Solutions Inc. leased 4,502 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, CP Pyramid Associates LP, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
-The Trade Connection leased 3,400 square feet of showroom space at the Indiana Design Center, 200 S. Rangeline Road, Carmel. The landlord, Pedcor, and tenant represented themselves.
-Lather Hair leased 3,200 square feet at 7844 E. 96th St. in the North by Northeast Shopping Center, Fishers. The tenant was represented by Debra Browder of Browder Realty. The landlord, NNE Associates LLC, was represented by Robyn Smart and Shannon Hicks of CB Richard Ellis.
-dPict Imaging Inc. leased 3,156 square feet at 7400 Shadeland Station in the Shadeland Station Office Park. The tenant was represented by Andrew Follman of Meridian Real Estate Services. The landlord, LA/Shadeland Station, was represented by Crystal Houston and Dan Richardson of CB Richard Ellis
-Aegis Worldwide leased 2,452 square feet at 11550 N. Meridian St., Suite 250, in SePro Tower. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, SePro Corp., was represented by Bill Ehret and Rebecca Baer of Summit Realty Group.
-TCG Indianapolis renewed its lease for 2,368 square feet at 9325 Delegates Row in the Precedent Office Park. The tenant was represented by Kurt Kittner of Jones Lang LaSalle. The landlord, HDG Mansur, was represented by Tim Hull and Rick Trimpe of CB Richard Ellis.-General Physics Corp. leased 2,353 square feet of office space at 550 Congressional Blvd., Carmel. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Cassidy Turley. The tenant represented itself.
-ScheduleMyHair.com LLC leased 2,100 square feet at Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant was represented by Paul Dick of Colliers International. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Art of Living Foundation leased 1,600 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Therapeutic Spa leased 1,200 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Reliable Personal Care Services leased 804 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
-Allstate/Bell Insurance leased 803 square feet at 6801 Lake Plaza Drive in the Lake Plaza Office Park. The landlord, Lake Plaza LLC, was represented by Debbie Shumate of Alliance Commercial Real Estate. The tenant represented itself.
Financial records show Pirates win while losing
The Pirates, the Major League parent club of the Indianapolis Indians, made nearly $29.4 million in 2007 and 2008, according
to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons.Lending overhaul could be trouble for ITT
New student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based
ITT Educational Services Inc., some analysts believe.St. Vincent seeks growth in transplants
St. Vincent Health is moving aggressively to expand its transplant program in a direct challenge to Clarian Health’s dominance
in the field. The Indianapolis-based hospital system filed in July for permission to conduct pancreas transplants. And down
the road, it’s eyeing liver and maybe even lung transplants.HICKS: Good reads on America’s automobile industry
If you’d like to satiate your interest in the domestic automobile market, may I recommend three fine books?
LOUGHREY: Hoosier leaders can fight global poverty
Our world is quite different from the one President Truman
and George Marshall faced in 1947. But the strategy for recovery and broad-based development should be built on a similar
foundation of public- and private-sector collaboration.Nearly 7,000 Indiana homes weatherized with federal money
Indiana is now the 18th state to complete 30 percent of its goal, by retrofitting about 20,000 homes to make them more energy efficient.
Company news
Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw,
adding 278 jobs by the end of 2012. Biomet’s Warsaw Center of Excellence initiative calls for facility improvements
and new equipment that will allow the company to consolidate manufacturing activities from New Jersey. Research-and-development
and administrative services also will be expanded. The Indiana Economic Development Corp. offered the company as much as $2.75
million in performance-based tax credits and up to $200,000 in training grants to help the company expand. Biomet also will
get a 10-year tax abatement approved by the Kosciusko County Council.A researcher at the Indiana University School of Medicine concluded in a clinical trial that an experimental
drug can double the cure rate for patients with hepatitis C. In the trial, doctors added the drug boceprevir, made by New
Jersey-based Merck & Co. Inc., to the standard treatment regime for the chronic liver ailment. Cure rates jumped to 75
percent using the combination therapy, compared with a 38-percent cure rate for the standard treatment. The clinical study
was led by IU’s Dr. Paul Kwo, but was conducted at 67 sites in the United States, Canada and Europe.Matrix-Bio Inc., based in West Lafayette, received an investment from Main Street Venture Funds,
a Fort Wayne-based group of angel investors. The size of the investment was not disclosed. Matrix-Bio is using technology
developed at Purdue University to develop a test that can detect a recurrence of breast cancer earlier than mammograms and
MRI images, which are currently the most common tests.New Pacer arrested for assault
Indiana Pacers draft pick Lance Stephenson is facing an assault charge in New York City on the accusation that he pushed his
girlfriend down a flight of stairs. NYPD spokesman Paul Browne said police arrested Stephenson after responding to a 911 call
Sunday at the woman's Brooklyn home. He said she hit her head on a concrete step, and was treated for head and neck injuries.
Police arrested Stephenson on charges of assault, reckless endangerment and menacing.