Crunching the numbers: Hamilton County homebuilding activity leads region
Builders filed 817 single-family permits in Hamilton County during the first five months of the year. Which community had the most activity? Plus: Boone County stats.
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Articles
Caponi to step down as St. Vincent system CEO
After overseeing 15 years of massive growth via mergers, Vince Caponi will become an executive of St. Vincent Health’s parent organization.
Two major downtown office buildings set for sheriff’s sale
Two prominent downtown office buildings, the Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St., are among properties listed for a July 17 sheriff's sale.
You-review-It Monday: Big festival weekend
PrideFest and Carmel Art & Design District Gallery Walk were just two of the popular events over the weekend. What did you get to?
WTHR lures new chief exec from another Indy station
The owner of WTHR-TV Channel 13 has reached into its broadcasting backyard to poach a new president and general manager for the station, hiring Larry Delia from WXIN-TV Fox59.
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.
Locally produced laundry additive taking on skin cancer
In a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential life saver.
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.
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.
Fishers, Noblesville put cuffs on charities to recoup tax revenue
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
Cummins looking to build downtown Indy offices
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
MAURER: Tie civic pride to achievement beyond sports
How proud would we be if Indianapolis was the safest city in the United States?
Businesses evacuated after gas line cut
Several businesses were evacuated and emergency personnel were called in after a gas line was cut near 116th Street and Keystone Avenue in Carmel just before 10:30 a.m. Dispatchers said construction equipment struck a line in the 700 block of Keystone Way. Gas utility Vectren Corp. is investigating.
For sale: ‘Finest piece of downtown real estate’
A trio of downtown buildings listed for $4.9 million includes the historically lavish residence at 121 E. Ohio St. Described in marketing materials as the finest piece of downtown real estate, the residence has attracted interest from as far as the United Kingdom.
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.
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.
INDOT memo strips information in public tug-of-war
By one stroke this year, Indiana lawmakers and the new governor vastly improved the public's ability to find out how the show is run at the Statehouse, while in another, top managers at the Indiana Department of Transportation quietly clamped down on what's available.
Friday fun: Exploring standout suburban restaurants
Few things are as fun for me as trying a new restaurant—or revisiting an old favorite.But I never realized how Indianapolis-centric my choices were until this spring, when the Indy Star and Indy Monthly both compiled lists of gotta-go restaurants.
Mainstreet plans $9.2M nursing home on northwest side
The 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.