New rules open door to ads for private placements
In accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing ban on “general solicitation” of unregistered securities.
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Local financial planner sentenced for identity theft
A former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced Tuesday to two years in federal prison and three years of probation after pleading guilty to identity theft.
Sales/acquisitions
-J & J Investments I LLC bought 5.96 acres of retail land at 6106 Massachusetts Ave. The buyer was represented by Fabricio Perez of Equity Wealth Realty LLC. The seller, Empire TFI Indy Holdings LLC, was represented by Bob Lindgren and Ron Mannon of Lee & Associates
-TriVis Capital Partners bought 116th Street Centre, a 46,695-square-foot retail center with 3.32 acres of undeveloped land, at East 116th Street and Guilford Road, Carmel. The seller, LaSalle 115 Holdings LLC-Series 1, was represented by Kevin Broderick and Matt Gray of CBRE. The buyer represented itself.
Crooked Stick, Colts officials have reason to smile
While Crooked Stick and Colts officials have reason to be pleased after this weekend, they also have plenty to work on if they want to continue drawing big fan bases.
Symphony shrinking from greatness
The recent proposals [Sept. 3 IBJ] by the board of directors and the compliant management of the Indianapolis Symphony Orchestra to “save” it will only lead to its demise if implemented.
PGA’s top players face fierce finishing hole at Crooked Stick
We'll be seeing a lot of water-bounded, bunker-laden Hole No. 18 as pro golf's best players compete at Crooked Stick Golf Club in Carmel through Sunday. Legendary course designer Pete Dye describes what he had in mind.Weather threatens golf spectators
Practice rounds for the BMW Championship in Carmel were temporarily delayed Wednesday morning after thunderstorms threatened the area. Crooked Stick Golf Club was evacuated and spectators were asked to return to their vehicles. A severe thunderstorm watch has been issued until 6 p.m. in central Indiana.
CNO stock hits 4-year high on recapitalization strategy
Carmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt and reduce borrowing costs.
Company news
Franciscan Alliance, the hospital system based in Mishawaka, has established Franciscan Physician Network to unite the system’s growing number of employed doctors under one name. Franciscan Physician Network has more than 750 physicians at 260 practice locations. The rebranding changes the name of Franciscan’s 200 employed doctors in central Indiana, who went by the name St. Francis Medical Group. Franciscan Alliance operates three hospitals in central Indiana—in Indianapolis, Mooresville and now a short-stay hospital in Carmel. Other groups that are also part of the Franciscan Physician Network include Sigma Medical Group in West Central Indiana, the Woman’s Clinic, Lafayette OB/GYN and Premier Healthcare for Women in Lafayette, Athens Medical Group in Crawfordsville, and HealthPartners Medical Group, Medical Associates and Hammond Clinic in Northern Indiana.
An Indiana University study has found that what people studied in college had a direct effect on their chances of employment during the Great Recession. According to the Associated Press, people with degrees in health, education and biology/life sciences had the best chance of getting and holding a job from 2009 to 2010. Only one out of every 44 graduates in those fields found themselves unemployed, according to data analyzed by the Indiana Business Research Center at IU's Kelley School of Business. By contrast, one out of every 13 people with degrees in architecture, industrial arts, consumer services and engineering suffered unemployment in 2009 and 2010. The study used data from the Indiana Workforce Intelligence System to examine the employment history of 178,000 people living in Indiana who graduated from state public colleges and universities.
The Cancer Care Group in Indianapolis said a laptop computer bag containing private information on as many as 55,000 patients has been stolen. The bag was stolen from a Cancer Care Group employee's locked vehicle on July 19, the physician group said in a prepared statement. The Cancer Care Group, headquartered at 6100 W. 96th St., is one of the largest radiation oncology private physician practices in the country, with more than 20 oncologists. The bag also contained similar information about the group’s employees. The group said the bag has not been recovered, but there has been no evidence to suggest the information has been used. Patients and employees have been notified of the theft.
Family Physicians of Carmel, a three-doctor practice, has joined St. Vincent Medical Group. The new physicians joining St. Vincent are Dr. Daniel Crabb, Dr. Rhys Jones and Dr. Stephen Lang. Crabb and Lang earned their medical degrees from the Indiana University School of Medicine. Jones earned a degree from the University of Western Ontario Medical School of London in Ontario, Canada.
People
Dr. Amanda Beach, a pediatrician, has joined St. Vincent Medical Group in Carmel. She earned a bachelor’s degree from the University of Dayton in Ohio and her medical degree from the Loyola Stritch School of Medicine in Chicago. She completed her pediatric residency at Riley Hospital for Children at Indiana University Health.
The School of Science at IUPUI has hired Steve Pressé as an assistant professor of physics. Pressé recently completed a fellowship in biophysics at the University of California at San Francisco. Pressé earned a bachelor’s degree from McGill University in Canada and earned his doctorate in chemical physics at the Massachusetts Institute of Technology.
OrthoWorx, the Warsaw-based orthopedics business development group, named Sheryl Conley its next CEO, replacing David Floyd, who plans to return to a position in the orthopedic industry. Conley is a 25-year veteran of Warsaw-based Zimmer Holdings Inc., where she was most recently chief marketing officer. She earned a bachelor’s degree in biology and chemistry as well as a master’s in business administration from Ball State University.
Eli Lilly and Co. announced that Michael Harrington will become its general counsel on Jan. 1, replacing Bob Armitage, who will retire at the end of this year. Harrington is Lilly’s deputy general counsel, overseeing legal matters at Lilly’s five business units. He earned his law degree from Columbia University and joined Lilly in 1991. Armitage joined Lilly in 1999 as general patent counsel for Lilly Research Laboratories. He has been the company’s general counsel for the past decade.
Anesthesia Consultants of Indianapolis LLC added three new physicians in July. Dr. John Gripe and Dr. Evan Miller both did their medical training at the Indiana University School of Medicine. Dr. Lindsey Hansen earned her medical degree at St. George’s University School of Medicine.
New leadership must tackle debt
The most important issue in this election year is our massive debt and its effect on jobs and the economy.
A&E SEASON PREVIEW: Talking Points
What will be on the minds of A&E patrons and producers this season?
Leasing/leasing contracts
-Roses, a discount department store, leased 64,460 square feet of retail space at River Ridge Plaza, 1804 S. Scatterfield Road, Anderson. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Pack Rat Storage leased 40,000 square feet at 6450 Gateway Drive. The tenant and landlord, S.F. Industrial Properties, were represented by Tom Cooler and Mark Writt of CBRE.
-Certifit Inc. leased 30,186 square feet at Gateway Park Building II, 851 S. Columbia Road, Plainfield. The tenant was represented by Brian Seitz of Jones Lang LaSalle. The landlord, Indy 40 Building 2 LLC, was represented by John Hanley and Terry Busch of CBRE.
-HFH Collision LLC leased 25,000 square feet at Northeast Commerce Park, 9031 Technology Lane, Fishers. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, The Ruzbasan Revocable Living Trust., was represented by Mark Writt and Tom Cooler of CBRE.
-The Dress Barn renewed its lease for 8,000 square feet of retail space at Southport Commons, 4850 E. Southport Road. The landlord, DAB Investments-Southport Commons, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-King’s Beauty renewed its lease for 6,091 square feet of retail space at Norgate Plaza, 7235 N. Keystone Ave., Unit C. The landlord was represented by Sandor Development. The tenant represented itself.
-Salon Lofts leased 4,999 square feet at Five River Crossing, 8555 N River Road. The tenant was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, River Crossing Five LLC, was represented by Barbara Zike of PK Partners.
-Dots renewed its lease for 3,150 square feet and expanded into an additional 500 square feet of retail space at Cherry Tree Plaza, 9721 E. Washington St. The landlord was represented by Sandor Development. The tenant represented itself.
-Vera Bellezza Spa & Salon renewed its lease for 2,800 square feet of retail space at Lafayette Place, 3720 Commercial Drive. The landlord was represented by Sandor Development. The tenant represented itself.
-Yoya Frozen Yogurt leased 1,600 square feet at Pyramid Place Shops, 3520 W. 86th St. The landlord, Pyramid Place Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate. The tenant represented itself.
-China Happy Feet leased 1,600 square feet of retail space at North by Northeast, 7864 E. 96th St., Fishers. The landlord, NNE Associates LLC, was represented by Robyn Smart of Lee & Associates. The tenant represented itself.
-Dr. Tavel renewed its lease for 1,580 square feet of retail space at Esquire Plaza, 8139 Pendleton Pike. The landlord was represented by Sandor Development. The tenant represented itself.
-WB Pizza leased 1,482 square feet at North Willow Mall, 2290 W. 86th St. The landlord, Township 86 Development, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Rieth-Riley Construction renewed its lease for 1,200 square feet of retail space at Lafayette Place, 3743 Commercial Drive. The landlord was represented by Sandor Development. The tenant represented itself.
-Baobab African Market renewed its lease for 1,200 square feet and expanded into an additional 1,230 square feet of retail space at 7031 N. Michigan Road. The landlord was represented by Sandor Development. The tenant represented itself.
-Nail & Spa leased 1,010 square feet at 116th Street Centre, 890 E 116th St., Carmel. The landlord, LaSalle 115 Holdings, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Construction
-Capitol Construction has completed a 1,200-square-foot retail build-out for Edible Arrangements at 2001 E. Greyhound Pass, Carmel.
-Capitol Construction has completed a 6,700-square-foot office build-out for Employ Indy at 115 W. Washington St.
Utilities to get bill for damaged grid-control room
A Carmel not-for-profit that monitors the electric grid in 11 states and part of Canada plans to pass on to its member utilities and transmission-line operators $5.4 million in costs resulting from damage to its local data center last September.
KAR Auction Services mum on leveraged buyout talk
Carmel-based KAR Auction Services Inc. isn’t commenting on a report by Reuters that it is talking with private equity firms about taking the company private for the third time in its 30-year history.
MORRIS: Ordeal showed importance of police
Let’s give them as much funding as possible so they can do their job well.