Suburban office market turns in strong first quarter
Net absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
Home » Search
Search Results
8,715 results for 'Carmel'
- Sort By
-
Date
- Any Time
- Past Day
- Past Week
- Past Month
- Past Year
-
Custom Date Range
Articles
Indy is poster child (again) for medical arms race
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
Lakes of Carmel apartment complex sold
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Agency increases effort to help state’s artisans sell wares
Three years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
Ticket sales firm to double client list, triple work force
Get Real Sports Sales is positioned to grow as colleges, pro teams begin to outsource ticket sales.
NCAA faces firestorm after replacing Shaheen
Since Tuesday, fans, coaches and prominent journalists have fired off more than 150 messages on Twitter or on blog posts either blasting the Indianapolis-based NCAA or praising Greg Shaheen, who had overseen all 89 of the NCAA’s championships since August 2010.
Bubba’s big win lights up switchboard for Carmel event
Ticket sales for 2012 BMW Championship surge after dramatic victory by relative unknown at The Masters. Triumph almost guarantees Bubba Watson will play at Crooked Stick in September.
Hauke receiver files suit to recover $600K from Arizona investor
Attorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi scheme.
Company news
Warsaw-based Biomet Inc. has offered to buy the trauma products business of DePuy Orthopaedics Inc. for $280 million in cash. DePuy, a unit of New Jersey-based Johnson & Johnson since 1998, also is based in Warsaw. Biomet, which designs and manufactures orthopedic products for surgical and non-surgical uses, said the deal would greatly expand its sports, extremities and trauma business. DePuy makes artificial joints and other orthopedic devices. J&J is attempting to spin off DePuy’s trauma products business as it seeks to finalize its planned $21.3 billion acquisition of Swiss medical device maker Synthes Inc. The European Commission opened an expanded probe last November of J&J's bid to buy Synthes in a deal that would make J&J the leader in the $5.5 billion trauma device market. The Brussels-based regulator is expected to rule on the acquisition by April 26. Biomet’s offer to DePuy expires June 1 but could be extended under certain circumstances.
Carmel-based CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper licensing. Bankers Life sells a mix of life insurance, annuities and Medicare supplement policies to middle-income earners near or in retirement. It has 1.3 million policyholders across the U.S. and 5,600 agents in 250 U.S. locations. CNO Financial will take a $10 million first-quarter charge related to the settlement, which calls for CNO to make payments to the states of Maine, New Hampshire, Vermont and Missouri and also cover "certain costs of the investigation." An audit revealed Bankers Life was operating in some states where it was not licensed by affiliating with licensed brokers and then steering customers into its annuity products, Maine's Office of Securities said in a statement to Reuters. CNO agreed to surrender the license for its broker-dealer subsidiary, BLC Financial Services Inc, to both the SEC and regulators in Illinois, where it is based. Financial advisers working for independent broker dealers will continue to sell Bankers Life products in the settlement states.
Nyhart, an actuarial and benefits consulting firm, has opened an office in St. Louis, its third expansion in 15 months. In 2011, Nyhart merged with an Atlanta public pension firm and prior to that acquired a business group in Kansas City, Mo. Nyhart has more than 1,000 clients in 48 states, managing $14 billion in pension plan assets. Heath Merlak, an actuary at Nyhart, will head up the new office.
Arizona-based Synergy HomeCare has established a new franchise in Indianapolis. Owners George and Denise Wright will provide 24-hour non-medical care to residents in Indianapolis, Carmel and Fishers. The company typically serves the elderly, those who are recovering from significant surgery and sickness, and new mothers. The new franchise has 10 caregivers but hopes to expand to 25. Synergy HomeCare now has 138 franchises in 37 states.
Ice Miller lawyer contributes far and wide
Melissa Proffitt Reese joined Ice Miller LLP straight out of law school, and has spent the next three decades juggling an employee-benefits practice there with a whirlwind schedule of community involvement.
MORRIS: Creativity puts United Way over the top
So, what would make Community Health Network’s president and CEO, Bryan Mills, star in a video dressed as a caveman? It could only be United Way’s “Give Gleefully” YouTube video competition.
Chicago university buys Fishers beauty college
Illinois-based Tricoci University of Beauty Culture has acquired Honors Beauty College in Fishers and plans to expand into the Indianapolis area with as many as seven campus locations over the next four years.
Bankers Life paying $10M fine following securities probe
CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
Young Indy-area tech entrepreneurs enjoy deep support
MyJibe co-founder Mike Langellier is among a new generation of tech entrepreneurs in the Indianapolis area that benefits from a host of support their predecessors never enjoyed.
Health care real estate owner takes over management of 29 buildings
Healthcare Trust of America now handles property management and leasing for 29 buildings formerly managed by Hokanson Cos.
Leases/leasing contracts
-Jacobson Warehouse Co. renewed its lease and expanded into 333,566 square feet of industrial space at 600 S. Perry Road, Plainfield. The tenant was represented by Joe Lauinger of Mohr Partners. The landlord, Westminster Plainfield LLC, was represented by Luke Wessel of Cassidy Turley.
-Rolls-Royce Corp. leased 81,500 square feet at 5345 Decatur Blvd., formerly known as the National Building, in Ameriplex Industrial Park. The tenant was represented by Michael D. Cook, David R. Byard and Chris Alexander of UGL Services. The landlord, Sacramento-based North Market Center LP, was represented by Michael Weishaar of Cassidy Turley.-Paintman Auto Body LLC leased 8,680 square feet of industrial space at 4000 W. 10th St. The tenant was represented by Rob Christman of Colliers International. The landlord, Speedway Industrial Park LP, was represented by Bill Byram of Cassidy Turley.
-Shoe Show renewed its lease for 4,975 square feet of retail space in Esquire Plaza, 8101-E Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.
-Tienda Morelos renewed its lease for 4,000 square feet of retail space in Honey Creek Plaza, 5324 W. 38th St. The landlord was represented by Sandor Development. The tenant represented itself.
-Dots renewed its lease for 3,600 square feet of retail space in College Park Plaza, 3475 W. 86th St. The landlord was represented by Sandor Development. The tenant represented itself.
-Youniforms leased 3,500 square feet at Madison on the Mall, 1211 N. Madison Ave., Suite J, Greenwood. The landlord, Murnel Property LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
-Bi Quin Shao restaurant leased 3,145 square feet at Pyramid Shops, 3502 W. 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Centre Properties, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Mi Casita Mexican Restaurant leased the freestanding 2,268-square-foot building at 5410 W. 34th St. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Conrad Properties LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.
-Great Clips renewed its lease for 2,000 square feet of retail space in Norgate Plaza, 7225-A N. Keystone Ave. The landlord was represented by Sandor Development. The tenant represented itself.
-Innovative Financial Partners LLC leased 1,900 square feet at 6350 Shadeland Ave. The tenant was represented by Darrel Pike of Pike Real Estate Services. The landlord, Shadeland Forest Realty Co. LLC, was represented by Joe Lonnemann of Ambrose Property Group.-Koko Fit Club leased 1,800 square feet at Prairie Lakes Shopping Center, 14350 Mundy Drive, Noblesville. The landlord, Prairie Lake Development LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The tenant represented itself.
-Moorehead Communications renewed its lease for 1,600 square feet at Emerson Commons Shoppes II, 6815 S. Emerson Ave. The landlord, Emerson Commons II, was represented by John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Health Mart Pharmacy leased 1,440 square feet at Hunter’s Quest, 102 E. Carmel Drive, Carmel. The tenant was represented by Jodi Milto of Midland Atlantic Properties. The landlord, The Fineberg Group, was represented by Patrick Boyle of Midland Atlantic Properties.
Company news
Indianapolis-based Strand Diagnostics LLC will receive up to $30 million in investment capital over the next three years from Los Angeles-based NantWorks LLC, a seed-stage investment firm, the companies announced last week. Strand Diagnostics makes the Know Error system, which uses bar coding and DNA matching to make sure biopsy samples are matched to the correct patients when submitted to its labs for testing. The investment capital will help it scale up its operations and sales efforts, the company said in a news release. NantWorks is the same company that announced in January it would sink $85.5 million into a former Pfizer Inc. plant in Terre Haute to produce injectable drugs for use in cancer patients and in critical care situations. NantWorks predicted the plant would employ 234 people by 2016. Strand Diagnostics, which operates a testing lab south of Indianapolis International Airport, launched Know Error in 2009. The company has 58 employees, with 48 of them in Indiana.
The Federal Trade Commission gave the OK to the marriage of Express Scripts Inc. and Medco Health Solutions Inc., two pharmacy benefit managers that combined employ 800 people in the Indianapolis area. The $29 billion deal, according to Bloomberg News, would create the nation’s biggest manager of prescription-drug benefits for corporate and government clients. But it is unclear how the merger will affect staffing at St. Louis-based Express Scripts' facility near Indianapolis International Airport and Medco’s distribution center near Whitestown. A combined Express-Medco would handle 34 percent of prescriptions in the U.S. this year, according to Adam Fein, president of Pembroke Consulting Inc. in Philadelphia, who is a consultant for Express Scripts. However, that share will shrink to 29 percent next year because Minnesota-based UnitedHealth Group Inc. switched from Medco to its own pharmacy benefits unit, OptumRx.
Federal authorities charged a Carmel man on Friday with using his Indianapolis business to defraud the Indiana Medicaid program of more than $1 million. Donald Hamilton, 49, allegedly used his company, Hamilton Medical Inc., to generate false invoices showing that compression stockings for another of his companies, Indianapolis-based Compression Etc., cost almost three times what he paid for them. Hamilton sent invoices to the Indiana Medicaid program for reimbursement for an amount much higher than allowed by law, according to charges announced by Joseph Hogsett, U.S. attorney for the Southern District of Indiana. He said the investigation was a collaborative effort among the Department of Health and Human Services, Federal Bureau of Investigation, the Internal Revenue Service’s criminal investigations unit and the Indiana Attorney General’s Medicaid fraud control unit.
Roche Diagnostics Corp. plans to eliminate about 80 information technology jobs at its Indianapolis-area campus over the next two years. The first round of reductions is to be completed by June 30. The IT workers are actually part of Roche Group’s global pharmaceutical informatics unit, but live in the Indianapolis area, said Roche spokeswoman Julie Bower. Roche employs about 3,000 people at its Indianapolis and Fishers facilities. The company’s worldwide headquarters are in Basel, Switzerland.
Warsaw-based orthopedic implant maker Biomet Inc. agreed to pay $22.7 million to settle allegations that it bribed government-employed doctors in Argentina, Brazil and China for more than eight years to win business with hospitals. The Justice Department and the Securities and Exchange Commission announced the settlements March 26. Biomet will pay a $17.3 million criminal penalty but won't be prosecuted by the Justice Department if it institutes strict internal controls to prevent bribery and hires an expert to monitor its compliance for 18 months. Biomet, which operates in about 90 countries, also agreed to pay $5.4 million in restitution to resolve the SEC's civil charges. Biomet is the third medical device company—in addition to New Jersey-based Johnson & Johnson and U.K.-based Smith & Nephew plc—to pay a criminal penalty and sign a deferred-prosecution agreement in the government's investigation into bribery by medical device makers of doctors employed by governments overseas.
Carmel man charged with defrauding Medicaid of $1M
Businessman Donald Hamilton faces one count of health care fraud, five counts of false statements in a health care matter and two counts of money laundering. He faces a maximum sentence of 55 years if convicted on all counts.