Investor rates bond for Palladium among nation’s best
Municipal bond manager Josh Gonze of Thornburg Investment Management in Santa Fe, N.M., picked the $80 million bond on Carmel's Palladium concert hall as one of the six best in the nation.
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Executive compensation surges at CNO Financial Group
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
Roundup: LoveSac, St. Elmo, Jets Pizza, Hokkaido Buffet
A new retailer at The Fashion Mall, a couple of new chain restaurants and a major renovation for St. Elmo Steak House lead the latest retail roundup.
Construction
-Kort Builders has started construction of a 2,700-square-foot retail space for Cash America at 5103 E. 16th St.
-Kort Builders has started construction of a 3,000-square-foot retail space for Soma Intimates at 14300 Clay Terrace Blvd., Carmel.
-Kort Builders has completed a 2,000-square-foot medical space for Decatur Vein Clinic at 105 S. Raceway Road.
Leases/leasing contracts
-Stanley Convergent Security Solutions Inc. leased 27,058 square feet of office space at One Concourse at Crosspoint, 9998 Crosspoint Blvd. The tenant was represented by Nick Arterburn of CB Richard Ellis. The landlord, Edgeworth Laskey Properties LLC, represented itself.
-Indy Tube Fabrications LLC leased 8,080 square feet at 1102 Roosevelt Ave. The tenant was represented by Tim Garner of CB Richard Ellis. The landlord, 1102 Roosevelt LLC, was represented by Tony Hupp of Summit Realty Group.
-Rent-A-Center leased 4,800 square feet at Bel-Aire Shopping Center, 2325 E. State Road 44, Shelbyville. The landlord, Mer-Car Corp., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Century Personnel Inc. leased 4,407 square feet at Two Penn Mark, 11555 N. Meridian St., Carmel. The tenant was represented by Yumi Prater and Jim Logan of Colliers International. The landlord, Westminster, was represented by Tristan Glover of Zeller Realty Group.
-Advance Physical Therapy leased 3,718 square feet at Herriman Corner, 14460 Herriman Blvd., Noblesville. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Nestani LLC, was represented by Donna Hovey of CB Richard Ellis.
-Simply Chic leased 3,600 square feet at North by Northeast Shopping Center, 7820 E. 96th St., Fishers. The landlord, NNE Associates LLC, was represented by Robyn Smart of CB Richard Ellis. The tenant represented itself.
-Indy Salon leased 1,600 square feet at Eagle Highlands Shopping Center, 6920 Eagle Highlands Way. The landlord, Valtesi I LLC., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Dental Oasis leased 1,567 square feet at McCordsville Commons, 5767 W. Broadway, McCordsville. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, McCordsville Commons LLC, was represented by Paul Rogozinski of Veritas Realty.
-Midwest Jewelry & Coins leased 1,440 square feet at North by Northeast Shoppes, 8240 E. 96th St., Fishers. The landlord, Glendale Partners of North by Northeast II LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Daisies & Denim leased 1,400 square feet at Fishers Crossing Shoppes, 11844 Allisonville Road, Fishers. The landlord, Glendale Partners at Fishers Crossing Inc., was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself in this transaction.
-Phyllis’ Soul Food leased 1,400 square feet at Shadeland Corner, 4558 N. Shadeland Ave. The landlord, Shadeland Center LLC, was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
-Gold Gals leased 1,200 square feet of retail space in Speedway Supercenter, 5804 Crawfordsville Road. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Centro Bradley SPE 5 LLC, was represented by Heather Blacketer of Centro Properties.
-Get In Shape For Women leased 1,000 square feet in Town Center at Geist, 11720 Olio Road, Suite 800, Fishers. The tenant was represented by Keith Kleinmaier of Retail Realty. The landlord, Flynn & Zinkan Holdings II LLC, represented itself.
-Gold Gals leased 945 square feet of retail space in George Thomas Plaza, 1028 N. Shadeland Ave. The tenant was represented by Scot Courtney and Bart Jackson of Lee & Associates. The landlord, Ladywood Apartments LLC, was represented by Cindy Hoskinson of Lee & Associates.
-Orangutan Software leased 800 square feet at 126 E. Main St., Carmel. The landlord, MB Shopping Centers Inc., was represented by Keith Kleinmaier of Retail Realty. The tenant represented itself.
Immigration bill’s fate could be determined this week
The chairman of an Indiana House committee says he'll decide in the coming days whether the committee will take up a bill aiming for an Arizona-style crackdown on illegal immigration.
Indiana House speaker questions immigration crackdown
Indiana's Republican House speaker said Thursday he had concerns about aspects of a proposal calling for an Arizona-style crackdown on illegal immigration moving through the Legislature.
Firm joins race with IU autism drug
The Indiana University School of Medicine has licensed a pediatric psychiatrist’s patent on
an alcohol-dependency drug that the doctor discovered improves the language and social skills of autism patients. IU has licensed the patent to Indianapolis-based Confluence Pharmaceuticals Inc.Friends taking next step in theater company’s growth
Best friends Cynthia Collins and Judy Fitzgerald open the seventh season of their theater company in the brand new Studio Theatre in Carmel’s Center for the Performing Arts.
Wishard gives IT firms in health and life sciences a place to test products
TechPoint-led initiative is meant to help bring inventions to market by giving them a trial in real-world setting.
Residential developer declares bankruptcy
John Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel, is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
Judge gives probation to three men for water violations
U.S. District Judge Sarah Evans Barker sentenced 61-year-old Michael R. Milem of Carmel, 44-year-old Mark R. Snow of Brazil and Joseph T. Biggio, 51, of Illinois after accepting their guilty pleas for violating the Federal Clean Water Act.
Company news
In the not-too-distant future, scientists tell us, we will regard the debilitating side effects of chemotherapy agents as akin to the bleeding therapy administered by 19th century country doctors. And a Purdue University chemist has developed a tool to help make the future of laser-guided cancer therapies a reality. W. Andy Tao has developed a nanopolymer that can be coated with drugs, enter cells and then be removed to determine which proteins in the cells the drug has entered. Knowing which proteins are targeted would allow drug developers to test whether new drugs target only desired proteins or others as well. Eliminating unintended protein targets could reduce the often-serious side effects associated with cancer drugs. Tao said there currently is no reliable way to test drugs for “off-targeting.”
Indianapolis-based Medical Animatics, a 3D animation company, is making a foray into the game business. The company will develop a game for kids ages 6-12 to help them learn safe behaviors at home, in their neighborhoods, at school or at a park. Medical Animatics will develop the game for Ohio-based Nationwide Children’s Hospital. Health games designed to be both educational and enjoyable are being developed by two other companies with Indiana ties—Bloomington-based Wisdom Tools LLC and Indianapolis-based Gabriel Entertainment, as well as by growing numbers of developers around the country. Medical Animatics also develops 3D animated instructional and informational materials for the health care, higher education and sports industries.
Northern Indiana's Manchester College plans to begin work this summer on its new $18 million pharmacy school. School spokeswoman Jeri Kornegay said Thursday that a ground-breaking for the 75,000-square-foot building in Fort Wayne is expected early this summer, possibly in June. Until the building is complete in July 2012, the college's School of Pharmacy will continue to occupy space at Parkview Hospital in Fort Wayne, about 30 miles east of North Manchester. The project is supported by a $35 million grant from Lilly Endowment that's the largest gift in the college's history. While pharmacy schools have opened on a rapid pace around the nation in recent years, Indiana is one of 18 states with a shortage of pharmacists. Manchester’s will be the third in Indiana offering doctorates in pharmacy, joining schools at Butler University in Indianapolis and Purdue University in West Lafayette.
Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating nearly 85 jobs in the next four years. The Catholic health care system, formerly known as Sisters of St. Francis Health Services, will buy, remodel and equip the 96,505-square-foot freestanding building at 1040 Sierra Drive. The administrative center—dubbed the Franciscan Ambulatory Business Office—will house all physician billing operations for the organization’s 13 hospitals in Indiana and Illinois. Franciscan Alliance employs 18,200, including 556 physicians, and expects to grow its physician team to more than 630 next year. Hiring at the administrative center should begin in April as renovations are made. Franciscan Alliance is the second hospital system to announce plans recently to consolidate operations in central Indiana. In October, St. Louis-based Ascension Health, the parent organization of St. Vincent Health, decided to locate a $10.9 million professional service center in Indianapolis, creating up to 500 jobs by 2013.
U.S. News & World Report ranked the best hospitals in the Indianapolis area based on the ones that have medical specialty groups of either national prominence or high performance on such metrics as survival, safety, staffing, technology and patient volumes. Topping the list was the downtown medical complex of Clarian Health, now called Indiana University Health. The academic medical center—which includes Methodist, IU and Riley hospitals—ranked nationally in 11 areas, including gastroenterology, urology, geriatrics, orthopedics, neurosurgery and cancer. It also scored as high-performing in gynecology. Coming in second in the ranking was St. Vincent Indianapolis Hospital, which scored as high-performing in 12 specialties. Other hospitals in the local top five were IU Health North Hospital, St. Vincent Carmel Hospital and, in a tie for fifth place, St. Vincent Heart Center and Wishard Health Services.
People
–Eric Covington has joined Bridge Real Estate Advisors Inc., Carmel, as a senior adviser of the company’s residential group.
–Leah Severson has joined Bridge Real Estate Advisors Inc., Carmel, as an adviser of the company’s residential group.
Leases/leasing contracts
-Superior Truck Service leased 28,000 square feet of industrial space at 5701 Elmwood Ave. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The owner of the building, Mike Hoffman, represented himself.
-Thrifty Threads renewed its lease for 14,000 square feet at Northbrook Shopping Center, 1501 W. 86th St. The landlord, Township 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Flapjacks Restaurant leased 4,350 square feet at Chapel Hill Shopping Center, 7435 W.10th St. The landlord, Glendale Partners at Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Re/Max Metro leased 2,800 square feet at 971 N. Delaware St. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Jora Enterprises Inc., was represented by Matthew Broderick of Acorn Group Inc.
-Sweet Repeat Consignment leased 2,500 square feet at West Carmel Shoppes, 4335 W. 106th St., Carmel. The landlord, Lawndale Plaza LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Bluegreen Vacations Unlimited Inc. leased 2,330 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Best Providers Inc. leased 2,000 square feet of office space at 8727 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.-Fish to Go leased 2,000 square feet of retail space in 30th & Kessler Center at 2958-2960 Kessler Blvd. The tenant and landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Dr. Moazamm Habib leased 1,928 square feet at 9240 N. Meridian St. The tenant was represented by Robert Marr of Veritas Realty. The landlord, 9240 N. Meridian LLC, was represented by Matthew Broderick and Mary Anne Tobin of Acorn Group Inc.
-Wuertz Law Office LLC leased 1,572 square feet of office space at 10 W. Market St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
-The American Council of Engineering Companies of Indiana Inc. leased 1,269 square feet at 55 Monument Circle. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, Winthrop Management, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.-Lionheart Tax & Accounting LLC leased 335 square feet of retail space in Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Who’s Who in Banking and Finance – 2011
In this installment of IBJ's Who's Who series, meet key members of the city’s banking and finance sector. They include bankers, fund managers, venture capitalists, lawyers, financial planners and others who influence the movement and availability of money in the local economy.
PROXY CORNER: ITT Educational Services Inc.
Carmel-based ITT Educational Services Inc. provides technology-oriented, post-secondary education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.