NEWSMAKERS: Andrew Luck
After starting every game as quarterback for the Indianapolis Colts during an 11-5 rookie season in 2012, Andrew Luck was a hot commercial commodity heading into 2013.
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Articles
IMS CEO makes big moves, wins state aid
New Hulman & Co. CEO Mark Miles in February requested public funding assistance to make major upgrades to the 104-year-old landmark.
NEWSMAKERS: Scott Dorsey
One of Silicon Valley’s most prominent names placed a lot of faith in ExactTarget Inc. CEO Scott Dorsey this year.
Indy scores pro soccer team
Real estate executive Ersal Ozdemir secured a deal to play the first couple of seasons at the track and soccer stadium at IUPUI, but said he hoped to build an 8,000- to 10,000-seat soccer stadium downtown within four years.
Employers prep for Obamacare
The pace of rule-making and decision-making was feverish in the year leading up to the Jan. 1, 2014, implementation of Obamacare.
City makes list of finalists to host 2018 Super Bowl
The city will make its case at the May 19-21 owners’ meeting in Atlanta, alongside fellow finalists New Orleans and Minneapolis.
NEWSMAKERS: Tony Bennett & Glenda Ritz
In November 2012, Democrat Glenda Ritz defeated Republican Tony Bennett in the race for Indiana’s superintendent of public instruction. But the two never stopped fighting each other.
ExactTarget sells for eye-popping $2.5 billion
ExactTarget Inc. sold for more than $2.5 billion after a bidding war among some of Silicon Valley’s biggest players.
Leases/leasing contracts
-Beverly Healthcare LLC leased 32,826 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Nick Arterburn of CBRE. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Goodwill leased 13,000 square feet of retail space at 5720 W. Washington St. The tenant was represented by Bill French of Cassidy Turley. The landlord, Continental Realty and Development LLC, represented itself.
-RTM Consultants Inc. leased 6,983 square feet of office space at 6640 Parkdale Place. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Healthcare Trust of America, was represented by Andrew Nordhoff and Julia Schnepper of Healthcare Trust.
-American Academy of Osteopathy expanded its lease to 5,899 square feet of office space in The Pyramids, 3500 DePauw Blvd. The tenant was represented by Steve Beals and Richard R. King III of Lee & Associates. The landlord, CP Pyramids Associates LP, was represented by Bennett Williams and David Moore of Cassidy Turley.
-Pure Sleep Mattress leased 4,000 square feet at Gateway Shops, 106th Street and Michigan Road, Carmel. The tenant was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The landlord, Sandor Development, was represented by Sandor's Drew Kelly.
-Long’s Mattress leased 2,975 square feet of retail space at Greenwood Plaza, 1280 U.S. 31 North, Greenwood. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, Jones Family Investments LLC, was represented by Bridget Clanton of Quadrant Properties.
-Zoey’s Pizzeria leased 2,820 square feet at Meridian Parke Shoppes, 3115 Meridian Parke Lane, Greenwood. The landlord, Sandor Development, was represented by Sandor's Jeff Roberts. The tenant represented itself.
-ImmediaDent leased 2,419 square feet at College Park Shoppes, 8403 W. 86th St. The tenant was represented by John Byrne of Cassidy Turley. The landlord, Sandor Development, was represented by Sandor's Drew Kelly.
-Champion Consultants leased 2,035 square feet at Auburn Woods Park, 9650 Commerce Drive, Carmel. The tenant was represented by Brian Goodwin of Metro PCS. The landlord, Sandor Development, was represented by Lawrence Morrissey of Corporate Commercial Group.
-Fishers Fish & Chicken leased 1,710 square feet of retail space in Greenbriar Shopping Center, 1357 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.
-Studio YOU leased 1,500 square feet of retail space in Village Commons I, 862 S. State Road 135, Greenwood. The tenant was represented by Nick George of Indianapolis Homes Realty. The landlord, VC-1 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Royal Phones leased 1,461 square feet at College Park Shoppes, 8403 W. 86th St. The landlord, Sandor Development, was represented by Sandor's Drew Kelly. The tenant represented itself.
-Zully Castellanos Men’s Barbershop leased 1,200 square feet at Indy Pavilions, 7035 E. 96th St. The landlord, Sandor Development, was represented by Sandor's Drew Kelly. The tenant represented itself.
-Edward Jones leased 1,092 square feet of office space at 1160 N. State Road 135, Greenwood. The tenant was represented by David Ellis of Fenway Real Estate Services. The landlord, VisionWare LLC, was represented by Cathy Richards of Lee & Associates.
-Signature Systems leased 433 square feet at Auburn Woods Park, 9640 Commerce Drive, Carmel. The landlord, Sandor Development, was represented by Lawrence Morrisey of Corporate Commercial Group. The tenant represented itself.
Company news
Even though St. Louis-based Ascension Health cut nearly 900 jobs this year from its Indianapolis-based hospital subsidiary, St. Vincent Health, it wants to add 549 more to its service center here by 2016. Ascension, the largest Catholic hospital chain in the nation, opened a service center in Indianapolis in June 2011, and has hired 500 people since then. The service center workers perform human resources, purchasing, bill payment and supply chain management for all of Ascension’s hospitals and hundreds of its other health care facilities. As part of the expansion over the next three years, the service center will provide support services to the entire Ascension chain, which includes 150,000 employees at more than 1,900 locations spread over 24 states and Washington, D.C. St. Vincent cut 865 workers at the end of June. The staff cuts, which represented 5 percent of St. Vincent’s total Indiana employment of 17,300, were brought on by lower-than-expected patient volumes, congressional budget cuts and slower-than-expected growth in reimbursement rates. St. Vincent’s announcement was the first of several by Indiana’s largest hospital systems. In October, Indiana University Health eliminated 935 positions. And in October, Franciscan Alliance cut 925 positions. The Indiana Economic Development Corp. offered Ascension up to $4.8 million in conditional tax credits and up to $200,000 in training grants, if Ascension adds all 549 jobs it has promised.
Anthem Blue Cross and Blue Shield, along with most other major insurers, will allow consumers who enroll in health plans through the new Obamacare exchanges 10 extra days to pay their first premiums and still gain coverage effective Jan. 1. That means consumers can wait to make their first payment until as late as Jan. 10. According to Bloomberg News, the Obama administration had asked insurers on Dec. 12 to give customers more time to pay and grant retroactive coverage. A few days of retroactive coverage is common in the health insurance industry. Anthem’s parent company, Indianapolis-based WellPoint Inc., will also let current members buy a new plan in the off-exchange individual market as late as Jan. 10 and still be covered retroactive to the first of the year. Many WellPoint and Anthem customers whose individual policies were canceled because the policies did not comply with Obamacare’s new rules, were automatically enrolled in a similar Obamacare-compliant plan off of the exchange. But now Anthem is allowing such customers to choose a different plan by the 10th of each month in either January, February or March.
Eli Lilly and Co., Pfizer Inc. and other large drugmakers will keep paying doctors to give talks about their products, leaving GlaxoSmithKline Plc alone for now in its decision to halt such compensation. According to Bloomberg News, United Kingdom-based Glaxo changed its policy after Chinese authorities accused the company of using cash and sexual favors to bribe doctors and health officials to promote product sales. But Lilly and other drugmakers say physicians are still in most cases the best source of information for their colleagues. “Few products in the world are as complex as an innovative medicine,” said Scott MacGregor, a spokesman for Indianapolis-based Lilly. He added that Glaxo’s move won’t change how Lilly does business. New York-based Pfizer, the world’s biggest drugmaker, is “committed to fairly compensating health-care professionals, clinical investigators and institutions for the work they do,” Dean Mastrojohn, a spokesman for the company, told Bloomberg.
Rebranding of bird-food retail chain ups emphasis on core product
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
Tim Solso took unlikely path to GM chair
Only 18 months after becoming a director, Solso is preparing to slide into a much bigger job in January—non-executive chairman of the Detroit company.
KIM: New financial bet involves tickets to Super Bowl
Do you think the Indianapolis Colts will play in Super Bowl XLVIII on Feb. 2? Would you love to join them, but don’t want to shell out thousands of dollars and multiples of face value on StubHub? You can purchase an option granting you the right to purchase a ticket to the Super Bowl at face value, if the Colts qualify.
Assembly Hall to carry Simon Skjodt name after major renovation
Indiana University’s Assembly Hall will be renamed Simon Skjodt Assembly Hall after the school uses a $40 million gift from IU graduate and Indianapolis philanthropist Cindy Simon Skjodt to renovate the facility, IU announced Thursday afternoon.
Indy fans don’t yet bleed for Colts’ Luck, Pacers’ George
Neither Andrew Luck nor Paul George have yet earned the fan adoration of the star athletes they have supplanted on their respective rosters. It may take more than winning for the duo to rise to the level of Peyton Manning and Reggie Miller?
Insurers give Obamacare enrollees more time for payments
Consumers who enroll in health plans through the new U.S. exchanges will get 10 extra days to pay their first premiums and still gain coverage effective Jan. 1, an insurance company trade group said Wednesday.
Sorry, docs, but Obamacare will suffer from a shortage
There is good evidence that new technology deployed via new methods of medicine across the entire health care system can reduce the need for physicians. But there are too many barriers for such changes to occur in time to cut off the surge in demand brought on by Obamacare.
Lender to buy training firm Adayana in bankruptcy case
Indianapolis-based Adayana Inc. received permission this week from U.S. Bankruptcy Court in Indianapolis to sell the business to a secured lender in exchange for millions of dollars in debt.
Renowned architects creating unique park at Eskenazi Hospital
Eskenazi Health leadership’s desire to connect the diversity of its hospital’s population through a healing park drew in a landscape architect firm that is not only one of the top in the country, but also one of the hottest architecture firms in the world.