Education stocks rise as reports hint at looser rules
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
Phil the Void presents “Evening Banana,” April 16-17, IndyFringe Theatre. Details here.
Indiana University Theatre presents Stephen Sondheim’s “A Little Night Music,” April 16-24
at the Ruth N. Halls Theatre, Bloomington. Details here.
Encore Vocal Arts presents “Flight of the Spirit,” featuring the Zionsville Community High School
Chamber Choir and AirKISS aerial dance, April 17 at the Zionsville Performing Arts Center. Details here.
Indianapolis Symphony Orchestra joins with student musicians for its annual Side-by-Side Concert, April
21 at Hilbert Circle Theatre. Details here.
The Carmel Arts 7 Design District Gallery Association presents Art in Bloom Gallery Walk, April 17 in downtown
Carmel. Details here.
Butler Ballet presents “Swan Lake,” with music by the Butler Symphony Orchestra, April 16-18
at Clowes Hall. Details here.
The American Pianists Association presents Nobuyuki Tsujii, April 18 at the Indiana History Center. Details
here.
The IU School of Liberal Arts at IUPUI presents poet and National Book Critics Circle Award winner Edward Hirsch,
April 21 at IUPUI University Library. Details here.
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass
of related-party loans that propelled the company into insolvency.
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
-The Vineyard Community Church renewed its lease for 20,800 square feet at Two Metroplex, 8383 Craig St. The landlord, Two Metro LLC, and tenant were represented by Ted McClure of McClure Commercial and Industrial Real Estate.
-Los Compadres Supermarket leased 18,000 square feet at Castleton Village, 82nd and Craig streets. The landlord, The Broadbent Co., was represented by Broadbent’s Jeff Roberts. The tenant represented itself.
-The Consultants Consortium Inc. leased 8,074 square feet of office space at Landmark Center, 1099 N. Meridian St. The tenant was represented by Brooke Augustin of NAI Olympia Partners. The landlord, Landmark Ventures LLC, was represented by John Vandenbark of CB Richard Ellis.
-CDC Logistics Inc. leased 6,906 square feet at 4625 W. 86th St. The tenant was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The landlord, North by Northwest AB Biynah LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Upscale Resale Gallery leased 3,545 square feet at Raceway Crossing, Rockville and Raceway roads, Avon. The tenant was represented by Jodi Milto of NAI Olympia Partners. The landlord, The Broadbent Co., was represented by Broadbent’s Brian Broadbent.
-Wild Ginger leased 3,200 square feet at Fishers Town Commons, 116th Street and Fishers Pointe Boulevard, Fishers. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, The Broadbent Co., was represented by Broadbent’s Brian Broadbent.
-River of Life Church leased 2,040 square feet at Castleton Marketplace, 8421 Castleton Corner Drive. The landlord, Castleton Square Marketplace LLC, and tenant were represented by Jeff Hubley of Midland Atlantic.
-Donato’s leased 2,000 square feet at 2205 E. Conner St., Noblesville. The landlord, SEG Realty LLC, and tenant were represented by Jeff Hubley of Midland Atlantic.
-Parthenon leased 2,000 square feet at North Willow Commons, 86th Street and Ditch Road. The tenant was represented by Hamada Ibrahim of Urban Space Commercial Properties. The landlord, The Broadbent Co., was represented by Broadbent’s Ray Bunes.
-Marco’s Pizza leased 1,721 square feet at Geist Landing, 11689 Olio Road, Fishers. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, Geist Landing of Fishers LLC, was represented by Carrie Thrift of Thompson Thrift.
-FileWave USA Inc. leased 1,626 square feet of office space at 10735 Sky Prairie St., Fishers. The landlord, BBQ I LLC, was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented itself.
-Game Preserve leased 1,600 square feet at Fashion Mall Commons, 86th Street and Union Chapel Road. The tenant was represented by Robyn Smart of CB Richard Ellis. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy.
-Fat Atom, an Internet marketing firm, leased 1,600 square of office space at 12 W. Main St., Carmel. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Breakfast Club LLC, was represented by Tom McHaffie.
-Attorney Gregg S. Gordon leased 1,460 square feet of office space at Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The landlord, McKinley Inc., and tenant were represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Beacon Psychology Services LLC leased 1,350 square feet at 11495 N. Pennsylvania St., Carmel. The tenant was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The landlord, Zeller Management Corp., was represented by Zeller’s Tristan Glover.
-American Family Insurance leased 1,334 square feet of office space at Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The landlord, McKinley Inc., and tenant were represented by Cindy Hoskinson and Herb Feldmann of Grubb & Ellis Harding Dahm & Co.
-Marsha’s Specialty Desserts & Tierney’s Catering leased 600 square feet at 10834 E. U.S. Highway 36, Avon. The tenant was represented by David Simons of Velocity Real Estate. The landlord, R&M Capitol, was represented by Chris Hake and Tony Orlando of Thompson Thrift.
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
The Indiana Health Care Association is looking for a new leader even as it tries to dig out of a pile
of debt. Current President Steve Smith, whose contract expires Nov. 30, says he’s put the organization on a path to be financially stable by 2012. But his predecessor says Smith has ruined a once-strong organization.
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
Century 21 Realty Group is now Prudential Indiana Realty Group, affecting 418 agents in 12 offices around Indiana.
-H&E Equipment Services Inc. leased 23,000 square feet on 3.95 acres at 6435 E. 30th St. The tenant was represented by Stan Elser and Evert Hauser of Grubb & Ellis Harding Dahm & Co. The landlord, E-3 Properties LLC, was represented by Bryan Poynter of Cassidy Turley.
-The Kitchen Physician LLC leased 10,340 square feet at 1730 E. 156th St., Carmel. Greg Witkowski and Chris Black of CB Richard Ellis represented the landlord, the Sepro Corp. The tenant represented itself.
-RBC Capital Markets Corp. leased 7,956 square feet at 8888 Keystone Crossing. The tenant was represented by John Vandenbark and Dan Richardson of CB Richard Ellis. The landlord, Keystone Investors LLC, was represented by John Robinson and Abby Cooper of Jones Lang LaSalle.
-Community Hospitals of Indiana Inc., dba Pendleton Medical Group, leased 4,200 square feet at Huntzinger Shoppes, 1251 Huntzinger Blvd., Suite 100, Pendleton. The tenant was represented by Kurt Meyer of Baseline Commercial Real Estate. The landlord, Huntzinger Shoppes LLC, was represented by Jeff Hubley of Midland Atlantic.
-Bensussen Deutsch & Associates leased 4,271 square feet at 32 E. Washington St. The landlord, Indiana Symphony Society Inc., was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-Milex Complete Auto Care leased 3,744 square feet at Kmart #3260 at 860 U.S. 31 South, Greenwood. Rick Jones of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Sears Holding Corp.
-Shiel Sexton leased 2,000 square feet at 2112 Early Lane, Franklin. Mike Medlock and Bill Brennan of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Franklin Group, LLC.
-Kimu Restaurant LLC leased 1,400 square feet at 1280 U.S. 31 North, Greenwood. The landlord, Jones Family Investments LLC, was represented by Kyle Hughes of Veritas Realty LLC. The tenant represented itself.
-Shelter Mutual Insurance renewed its lease for 1,250 square feet of office space at Prestwick Junction, 5530 E. U.S. Highway 36, Avon. The tenant was represented by John Sebree of Hokanson Companies. The landlord, the Weston Group, was represented by Stephen Daum of NAI Olympia Partners.
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets
necessary to back startups that are at once risky and rich with potential for lucrative returns.
James Prieur’s total compensation fell 5 percent last year to $3.3 million, but other Conseco executives saw pay hikes between
25 percent and 54 percent.
ITT Educational Services Inc., 13000 N. Meridian St., Carmel, 46032, www.ittesi.com, provides technology-oriented, post-secondary
education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.
Indiana University’s new vice president of research will bring with him a background in neuroscience and cell biology. Jorge José, whose appointment must be approved by IU trustees, comes from a similar position at the University at Buffalo, which is part of the State University of New York system. He will seek to grow IU’s $469 million in annual revenue from research grants and awards. José will replace Robert Schnabel, dean of the IU school of informatics, who has served as interim vice president for research since July 2009. A native of Mexico City, José received his doctorate, as well as master's and bachelor's degrees, in physics from the National Autonomous University of Mexico. His most recent research has been in biological physics, specifically in computational neuroscience and cell biology.
The tanning salon industry took a hit when the health reform bill was passed last week. Salon operators and makers of tanning products think the 10-percent tax on tanning equipment could cause the loss of thousands of jobs nationwide. The impact likely will be felt even harder in central Indiana, where dozens of tanning salons have popped up over the last two decades and where one of the nation’s largest makers of tanning beds and lotions made especially for tanning salons is headquartered. Indianapolis-based ETS LLC, ranked by several industry groups as the top-selling manufacturer of tanning beds and lotions, employs 200 in Indianapolis. “It’s difficult to say how badly this will hurt the tanning industry, but it’s safe to say it will hurt,” said Bill Pipp, CEO of ETS. The new tax takes effect July 1.
The Regenstrief Institute has been awarded a $350,000 stimulus bill contract to help the U.S. Social Security Administration and Indiana health care providers speed decision-making on disability cases. The Institute will begin the work immediately. Applying for physician care as part of Social Security disability benefits can take weeks or months as a patient’s medical information is gathered from numerous hospitals and doctors. This time lag has contributed for years to backlogs in the Administration’s caseload. Regenstrief hopes to tap its medical record sharing system, the Indiana Network for Patient Care, to cut down on the wait. The Social Security Administration awarded similar contracts to 14 other organizations throughout the country.
Six hospitals in Indiana were among the top 100 named this year by Thomson Reuters. Those making the list were St. Vincent’s Carmel and Indianapolis hospital, St. Francis’ Indianapolis hospital, Major Hospital in Shelbyville, Parkview Hospital in Huntington and Community Hospital in Munster. The Thomson Reuters list evaluates hospital performance in 10 areas: mortality, medical complications, patient safety, average length of stay, expenses, profitability, patient satisfaction, adherence to clinical standards of care, and post-discharge mortality and readmission rates for heart attacks, heart failure and pneumonia.
The University of Indianapolis is developing a new on-site nursing degree program for Clarian Health. The goal of the $2.4 million initiative is to help hospital employees move up the career ladder and open up entry level positions for jobseekers displaced by cutbacks in manufacturing and other industries. The funding is part of a federal stimulus package provided by the U.S. Department of Labor through the Indianapolis Private Industry Council. The new Associate of Science in Nursing program, which will be based at Methodist Hospital, will accept 24 students this fall and the following two years.
Engledow Group, one of the Indianapolis area's largest landscape companies, has acquired Litchfield Landscape Co. to bolster
its estates division.
This spring’s Parade of Home is being held about two weeks earlier than normal to help builders lure homebuyers who want to
take advantage of federal incentives intended to give the residential real estate market a boost. Builders also are taking
chances on more spec homes.
-Kort Builders has completed a 1,300-square-foot expansion for Indiana State University at 101 W. Ohio St.
-Kort Builders has completed an 11,000-square-foot office space for Quinlan Marketing at 550 Congressional Blvd., Carmel.
-Community Hospitals of Indiana Inc. leased 42,187 square feet of office space at 2045 Rama Drive, Indianapolis. The tenant was represented by Rob Lukemeyer of Baseline Commercial. The landlord, Rama Drive Realty LLC, was represented by Rich Forslund and Matt Langfeldt of NAI Olympia Partners.
-Mindful Movement leased 5,700 square feet at Greenbriar Shopping Center at the corner of 86th Street and Ditch Road. The tenant was represented by Keith Fried of Sitehawk Retail Real Estate. The landlord, Greenbriar Shopping Center, was represented by Fred Frisch.
-Great Harvest Bread Co. leased 2,366 square feet at the Providence Shoppes, 12505 Old Meridian St., Suite 100, Carmel. Susannah Gershman of Thompson Thrift and Natasha Evans of Buckingham Cos. represented the landlord, Buckingham Cos. The tenant represented itself.
-Right Management has leased 3,957 square feet at 8900 Keystone Crossing. The tenant was represented by Matt Fetter of USI Real Estate Brokerage Services Inc. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Dimond Financial Advisors and Premier Wealth Advisors leased 1,554 square feet of office space at 8888 Keystone Crossing. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Little Caesars leased 3,170 square feet at Post Park, 8857 Boehning Lane. The tenant was represented by Ron Mannon of Grubb & Ellis Harding Dahm & Co. The landlord, Cabot Properties LLC, was represented by Kyle Powell of Cassidy Turley.
-Subway leased 2,000 square feet at Shoppes at Southport Square, 3900 E. Southport Road. The tenant was represented by Rick Jones of Grubb & Ellis Harding Dahm & Co. The landlord, Southport Square Shoppes LLC, was represented by Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-First Place Bank leased 2,850 square feet of office space at 3105 E. 98th St. The landlord, BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.
-Formspring LLC leased 2,577 square feet of office space at 6525 E. 82nd St. Todd Morris of JTM Commercial represented the tenant. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Conseco Inc. CEO Jim Prieur says it’s time to change the company’s 27-year-old name partly because it’s become better associated
with a sports facility than with the insurer’s products.