The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the
same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
-K&G Menswear leased 39,963 square feet at Castleton Crossing, 5410 E 82nd St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.
-Advanced Control Technologies Inc. subleased 11,820 square feet at Hillsdale TechneCenter, Building 3, 6805 Hillsdale Court. The subtenant was represented by Aasif Bade of Ambrose Property Group. The sublandlord, Reliable Water Services LLC, was represented by Don Ballard and Stan Elser of Grubb & Ellis Harding Dahm & Co.
-is.group leased 7,677 square feet at Parkwood One, 250 E. 96th St. The tenant was represented by Jon Jessup and Jeff Merritt of Summit Realty Group. The landlord, Duke Realty, represented itself.
-Shoe Trend leased 6,000 square feet at Keystone Plaza, 2335 E. 53rd St. The landlord, Keystone Plaza Associates, was represented by Larry Davis and Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.
-Center for Diagnostic Imaging/CDI Radiology leased 4,283 square feet of medical office space at Gables of Avon, 9819 E. US 36, Avon. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Gables of Avon LLC, represented itself.
-Who North America Inc. leased 4,000 square feet at 2040 S. Lynhurst Drive. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.
-Kforce leased 3,743 square feet at Pan Am Plaza, 201 S. Capitol Ave., Suite 1200. The tenant was represented by Katie Gray and Bill Ehret of Summit Realty Group. The landlord, Coastal Partners, represented itself.
-First American Title Insurance leased 2,376 square feet of office space at 20 Executive Drive, Carmel. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Century 21, represented itself.
-American Family Dental Group-Bloomington LLC leased 2,296 square feet at 10435 Commerce Drive, Carmel. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, West Carmel I LLC, was represented by Matt Moore of Resource Commercial Real Estate Services.
-20/20 Eye Physicians leased 2,095 square feet of medical office space at the Clarian Health Center at 4880 Century Plaza. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Clarian Health Partners Inc., was represented by Tim Craft of CB Richard Ellis.
Administrators are asking for millions of dollars of additional money to prevent teacher cuts and to support school building
projects.
The number of Indiana plants, warehouses and offices sending jobs abroad since the recession began in December 2007 is more
than double that of past economic downturns.
An initiative to bring 10 of the biggest travel tour operators in the United Kingdom to this year’s Indianapolis 500 could
be a first step in bolstering business at the Indianapolis Motor Speedway, area golf courses and Indianapolis International
Airport, where city boosters hope to establish direct flights to London.
The $16.5 million worship auditorium that Northview Church in Carmel opened last month may be the last major church-related
project completed in central Indiana for years. Although many projects were finished before the recession, churches, which
usually pay for much of construction in cash, struggled to collect pledges.
It’s not too early to think about next season at the Indiana Repertory Theatre, the Indianapolis Symphony Orchestra, and more.
I am a sucker for a good story. During the NCAA men’s basketball
championship last month, when that ball, or as the CBS color commentator Clark Kellogg called it, the “pumpkin,”
arched into the air from the hands of central Indiana’s now second-most-famous “babyface,” I thought, “This
is it!”
A grand jury will decide whether charges will be filed in the high-profile Carmel High School sexual assault investigation
involving high school basketball players. The Hamilton County prosecutor requested a grand jury to review the evidence against
one or more Carmel players accused of hazing a student in the high school's locker room. Meanwhile, the Hendricks County
prosecutor is reviewing whether charges should be filed in the case of a freshman Carmel player who claims he was sexually
assaulted by senior members of the Carmel basketball team in the back of a bus while on the way home from a road game in January.
John Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions
on the sale of surplus state properties. He also acted as a developer for public-sector
tenants—putting them into buildings owned by him or his associates.
Carmel eatery bills itself as the country’s first Dublin-inspired “industrial” pub.
IO’s “Mikado” and Cleveland Symphony’s IU visit rescheduled.
The Carmel-based operator of for-profit colleges pulled in profits of $85.7 million, or $2.46 per share, up nearly 44 percent
from the same quarter a year ago.
Vacancy rates unseen in 20 years are hampering efforts by developers.
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.
Former director says he saw employees give passing scores to students who had failed entrance exams, raise their grades and
alter their attendance records so they would continue to receive U.S. financial aid.
Pizzology Pizzeria & Pub 13190 Hazel Dell Parkway, Carmel (317) 844-2550 www.pizzologyindy.com Concept: Neopolitan-style pizza with locally sourced ingredients prepared in-house, and cooked at 800-900 degrees in a gas/wood-fired pizza oven Founded: November 2009 Majority owner: Neal Brown Finances: As majority owner, Brown has an 80-percent stake in the business; a group of minority owners has […]
I’ve often said that if I had to pick one food to eat every day, it would be pizza. After a couple of visits to restaurateur Neal Brown’s new place in Carmel, I feel compelled to revise that statement: If I had to pick one food to eat every day, it would be Pizzology pizza. […]
Facing the tighter restrictions of health reform at home, WellPoint Inc. wants to follow just about every
other U.S. company in seeking growth in China. WellPoint CEO Angela Braly traveled to China last week to seek out a joint
venture partner to offer health insurance to the nation’s upwardly mobile population. "If everything moves on smoothly,
we are targeting 2011 for offering health insurance services through the venture,” Braly told the China Daily
newspaper. Indianapolis-based WellPoint already has a joint venture with three other American health insuers to provide medical
management consulting to Chinese insurance companies. But with China going through its own version of health reform, private
health insurance is poised to become a popular complement to government insurance programs, according to China Daily.
China's health insurance premiums totaled $1.6 billion in the first two months of this year, according to the industry
regulator, up 34 percent from the same period last year. Such growth is enticing to WellPoint, which has been losing customers
and premiums at home.
Whew! Bioanalytical Systems Inc. gets to stay on the NASDAQ Capital Market after a recent surge kept its
share price above $1 for three straight weeks. NASDAQ had threatened in March to delist the West Lafayette-based company if
its stock price didn’t improve. The company’s shares closed at $1 apiece on March 31 and haven’t dipped
below that level since. Bioanlytical provides contract research services and monitoring instruments to drug-development companies
and medical research organizations.
After months of rumors, Roche Diagnostics finally acquired Israel-based Medingo Ltd., which has a semi-disposable
insulin patch pump that Roche hopes to couple with its blood glucose meters. Roche, which is based in Switzerland but runs
its North American business out of Indianapolis, paid $160 million for Medingo and promised various payments if the company’s
product achieves key milestones in its development and sales. The product is set to launch in 2012. Roche holds the largest
market share worldwide in devices for diabetes care, but it has been losing ground to competitors in the U.S. market.
Warsaw-based Biomet Inc. posted a $3.1 million loss in its quarter ended Feb. 28, a big improvement from
its $479 million loss in the same quarter a year earlier. Last year’s results were dampened by a $449 million impairment
charge that Biomet recorded on its dental business. But this year, the loss narrowed as sales surged 9 percent to $670 million
in the quarter, driven by a 17-percent spike in sales of knee implants. Cash flow rose 9 percent to $251 million, up from
$229 million in the same quarter a year earlier. Biomet’s financial results often are a bellwether for other orthopedic
implant companies, which report their quarterly results later this month.
Carmel-based technology firm Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years, according to the Indiana Economic Development
Corp. Gemms, which develops electronic medical record systems for cardiology practices, has 40 employees now and plans to
add 69 more by 2015.
