Hank FM lassoes ratings crown from rival WFMS
WLHK-FM 97.1 “Hank FM" has put a backwoods butt-whupping on country rival WFMS-FM 95.5 to take the No. 1 spot in the metro Indianapolis radio market.
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Airport targets frequent travelers with rewards program
Indianapolis International Airport continued a campaign to lure travelers to its parking services with an announcement Monday morning that it will offer a customer rewards program.
Company news
Carmel-based Mainstreet Property Group plans to build a 100-bed “health care resort” on seven acres at 5404 Georgetown Road, according to a tax-abatement request filed with the city. The $9.25-million, 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef, spokeswoman Kate Snedeker said. Seventy of the beds would be for skilled nursing and 30 for assisted-living residents. Mainstreet would lease the property to a third-party operator, which hasn’t been identified. Mainstreet estimates the operator would employ 80 people earning an average $17.30 per hour. Mainstreet is seeking a three-year property-tax abatement that would save the company about $468,000, according to a preliminary resolution that goes before the Metropolitan Development Commission on June 5.
Indiana University and Purdue University joined nine other members of the Big Ten athletic conference June 1 to form the Big Ten Cancer Research Consortium. The schools intend to conduct collaborative clinical trials to develop insights and products to treat cancer. Indianapolis-based cancer research organization Hoosier Oncology Group will serve as administrative headquarters for the consortium. Since 1984, Hoosier Oncology Group has initiated more than 150 clinical trials with more than 4,000 patients. “The advantage of this, particularly during a time of austerity for research, is that we can build upon the strengths of the institutions and fortify some of the shortcomings,” Dr. Patrick Loehrer, director of the IU Melvin and Bren Simon Cancer Center, said in a prepared statement.
Eli Lilly and Co. suffered a setback on one of its attempts to win approval for new indications for its blockbuster lung cancer drug Alimta. The drug did not extend progression-free survival times longer than the old chemotherapy drug paclitaxel when studied in a clinical trial of patients with nonsquamous non-small lung cancer. Paclitaxel, or Taxol, was given to patients with two other chemotherapy agents, carboplatin and bevacizumab. Alimta was given to patients along with carboplatin. Alimta had nearly $2.6 billion in global sales last year, but its rate of growth slowed to just 5 percent. Lilly hoped a new indication would reignite Alimta growth rates, helping it offset revenue Lilly will lose in the next year as patents on its drugs Cymbalta and Evista expire. Alimta, by contrast, has patents that will likely extend its life through 2021.
Are employers ready to limit workers’ choice of doctor?
The real test of so-called narrow network health plans will come not with Obamacare’s exchanges, which cater to individuals, but with employers, who control a far bigger slice of the health benefits pie and have highly reluctant to limit their workers' choice of hospitals and doctors.
Are employers ready to limit workers’ choice of doctor?
The real test of so-called narrow network health plans will come not with Obamacare's exchanges, but with employers, who control a far bigger slice of the health benefits pie and have been highly reluctant to limit their workers' choice of hospitals and doctors.
Salesforce.com buying Indy’s ExactTarget in $2.5B deal
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.
ExactTarget sale caps success story; CEO mum on Indy work force
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
Professional Shakespeare in the park to returneth this summer
Thanks to grants from the Central Indiana Community Foundation and Lilly Endowment, a shrew will be tamed in August … and you’ll have a better chance of hearing it.
Indiana University board approves tuition increase
IU President Michael McRobbie told trustees meeting in Indianapolis that the 1.75-percent hike was the lowest tuition increase possible while ensuring world-class educational opportunities for students
Hospitals proving themselves wrong about prices
Whenever a new report claims hospitals are charging too much, a stock set of defenses comes out. But hospitals are cutting prices and expenses as we speak, undermining those arguments.
EDITORIAL: ExactTarget deal will send tech ripple
A toast is in order: The $2.5 billion sale of ExactTarget Inc. to San Francisco-based Salesforce.com is the most lucrative exit yet for an Indianapolis technology company.
Leases/leasing contracts
-Spectra Premium Industries leased 250,000 square feet at Axcess 70, 3052 N. Distribution Way, Greenfield. The tenant was represented by Andrew Morris, Tony Hupp and Andrea Hopper of Summit Realty Group. The landlord, Browning Investments, was represented by Mark Writt of CBRE.
-SKH Paper Company leased 42,500 square feet of industrial space at 2363 E Perry Road, Plainfield. The tenant was represented by Sean McHale of Colliers International. The owner, CLPF-Plainfield Park 3 LP, was represented by Bryan Poynter of Cassidy Turley.
-Ruth’s Chris leased 10,257 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The landlord, Ironworks Indianapolis LLC, was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Gordon Trucking Inc. leased 10,116 square feet of industrial space and 4 acres of land at 3805 S. Harding St. The tenant was represented by Jim Karozos of Lee & Associates. The landlord, L & S Kopetsky Realty LLC, was represented by Brian Dell of Summit Realty Group.
-Med Express Urgent Care leased 4,824 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The landlord, Centre East LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Med Express Urgent Care leased 4,794 square feet at Southport Shops, 7225 U.S. Route 31 South. The tenant was represented by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The Landlord, Southport Shops, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Popeye’s Louisiana Kitchen leased a 4,200-square-foot building at 635 Carmel Drive, Carmel. The tenant was represented Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, NRW Corp., was represented by Todd Camesasca of Kosene & Kosene.
-Meridian Pain Group P.C. leased 2,913 square feet at 9292 N. Meridian St., Suite 110. The tenant was represented by Drew Augustin of Alliance Commercial. The landlord, Fairhill Realty LLC, was represented by Matthew Broderick of Acorn Group Inc.
-Dentistry on 116th leased 2,880 square feet at 116th Street Centre, 33 E. 116th St., Fishers. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-South of Chicago Pizza leased 2,519 square feet at the Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-The Shipping Store & More renewed its lease for 1,765 square feet at Northbrook Shopping Center, 1427 W. 86th St. The tenant was represented by Pat Chesebrough of Century 21 Scheetz. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Shangri-La Foot Spa leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon. The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,600 square feet of retail space at 2181 N. Meridian St. The tenant was represented by Ron Mannon of Lee & Associates. The landlord, SRT Property Holdings LLC, was represented by Pat Boyle of Midland Atlantic.
ExactTarget option gains approach $300M
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
Hurco profit inches higher on stronger European sales
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
Vacant GM stamping plant to be demolished
The 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.
Defendant in trial over Palladium defects tries to halt repairs
Attorneys for the Michigan contractor being sued over construction defects at Carmel’s Palladium concert hall have asked a Hamilton County court to stop repair work immediately to preserve evidence in the case.
King, Mellencamp break rules with ‘Ghost Brothers’
“Ghost Brothers of Darkland County,” which plays in Bloomington and Indianapolis in October, is a musical that’s not quite like anything out there — as you might expect from two of America’s most independent artists.
Five teens hurt in Anderson crash
Five teenagers were injured at 11:30 p.m. Thursday in Anderson when their car was struck by a semi. Two of the teens were airlifted to IU Health Methodist Hospital in Indianapolis. The other three were taken to hospitals by ambulance. Police say the car ran a red light and turned into the path of the semi at West 16th Street and Raible Avenue. The truck driver wasn’t injured.