-Balkan Realty LLC bought a 1,400-square-foot office suite at 12574 Promise Creek Lane, Suite 112, Fishers. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.  

-Baldwin & Lyons Inc. bought a 180,000-square-foot building at 111 Congressional Blvd., Carmel. The buyer was represented by Matt Langfeldt, Rich Forslund and Matt Waggoner of Summit Realty Group. The seller, Lauth Property Group, was represented by Rick Trimpe and John Vandenbark of CBRE.

-TF Publishing leased 115,000 square feet at 4200 Industrial Blvd. The tenant was represented by Mark Writt of CBRE. The landlord, Roll International Corp-Paramount Farms, was represented by Steven Schaub and Matt McGrady of Summit Realty Group.                

-Health Care Excel Inc. leased 16,044 square feet at 2601 Metropolis Parkway, Plainfield. The tenant was represented by Yumi Prater of Colliers International. The landlord, Edgewood Capital Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-CDC Distributors leased 6,906 square feet of industrial space at 4625 W. 86th St. The tenant was represented by Joe Lonnemann of Ambrose Property Group. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-Presto Business Technologies LLC leased 6,800 square feet of industrial space at 8435 Georgetown Road. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Midwest Structural Products Inc. leased 5,250 square feet at 146 South Park Blvd., Greenwood. The tenant was represented by Keith Turnbill of RE/MAX Select Realtors. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.                

-Cynthia Bangda Inc. leased 3,600 square feet of industrial space at 5303-5331 W. 86th St. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-Indianapolis Ballet dba Indianapolis School of Ballet leased 2,450 square feet of office space at 500 N. Capitol Ave. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Cadillac Building Inc., was represented by Scott Lindenberg of Reliant Partners LLC.

-Optical Technologies Inc. renewed its lease for 2,224 square feet at 62 South Park Blvd., Greenwood. The tenant, Optical Technologies Inc., was represented by Pam Smith of Realty World. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.                

-Unique Insurance Co. leased 1,759 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Brooke Sipe of Alliance Commercial Real Estate. The landlord, Sterling American Property Inc., was represented by Bennett Williams, Dave Moore and Darrin Boyd of Cassidy Turley.

-Johnson Grossnickle & Associates Inc. has expanded its lease by 1,318 square feet to occupy a total of 6,083 square feet at 29 South Park Blvd., Greenwood. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.                

-Rick Borges Real Estate Service Inc. has leased 1,086 square feet at 27 S Park Blvd., Greenwood. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.

Jeffrey Merritt has joined Colliers International as vice president of commercial services.

The average rate for 30-year mortgages fell from 3.73 percent to 3.64 percent for the week ended April 10, according to Bankrate.com. The rate for 15-year mortgages fell from 2.95 percent to 2.89 percent.

Capitol Construction has completed a 2,800-square-foot retail build-out for Yo Yo Yogurt at 6685 E. State Road 334, Zionsville.

Eli Lilly and Co. wants the city of Indianapolis to give it $30.6 million in tax breaks on a $400 million project that includes a new manufacturing facility and improvements to existing operations downtown. The Metropolitan Development Commission will weigh two Lilly requests for 10-year tax abatements at its meeting at 1 p.m. Wednesday. Over the last several months, the pharmaceuticals giant has rolled out plans for a manufacturing plant southwest of downtown where the firm will manufacture cartridges for insulin. Construction is already under way for the 164,000-square-foot plant on South Harding Street, adjoining Lilly’s existing manufacturing complex known as Lilly Technology Center. Lilly’s investment in the project is estimated at $320 million. In addition, it is planning a new inspection facility that will add another 30,000 square feet to the project, plus renovations to existing buildings on the Lilly Technology Center campus and the Lilly Corporate Center. As a result of the project, the firm said it will be able to retain 175 Indianapolis employees who will earn an average of $30.96 per hour, according to the abatement requests. Over the 10-year period of the two abatements, Lilly still would pay $22.2 million in taxes on the new construction, renovations and equipment.

Matrix-Bio Inc., a Fort Wayne-based diagnostics company, has signed a licensing and marketing agreement for a breast cancer test with New Jersey-based giant Quest Diagnostics. Under the agreement, Quest will have the rights to use metabolic breast cancer biomarkers developed by Matrix-Bio to create a new lab test to detect the recurrence of breast cancer. Quest will co-fund clinical studies with Matrix-Bio and, if those are successful, market the test as a lab service in the United States and other countries. Quest also has the option to pursue an appropriate regulatory pathway for an in vitro diagnostic version of the test. Financial terms of the deal were not disclosed.

Two Purdue University professors have received a $3 million grant from the National Institutes of Health to understand why some children grow out of stuttering. They will use their findings to develop a speech therapy screening tool to identify which preschool children are not likely to recover from stuttering and should receive therapy immediately. Professors Anne Smith and Christine Weber-Fox will use the five-year grant to follow 100 children who stutter. Their research, which began with Smith in 1988, has been funded by the NIH's National Institute on Deafness and Other Communication Disorders for more than 25 years and has received more than $13 million in grant awards.

Ball State University's School of Nursing is partnering with Indianapolis-based hospital system Community Health Network to create the Nursing Academy, an accelerated degree program designed to increase the number of registered nurses in Indiana. The Nursing Academy will kick off this fall by offering students classes at Ball State, online and via video conferencing. Its students also will work at Community’s eight hospitals. The Community Health Network Foundation will fund scholarships for the 24 students representing the academy's inaugural class. The academy hopes to ramp up to enroll 48 students each year.

Dr. Bryan H. Schmitt, a pathologist, has joined Wishard-Eskenazi Health. Schmitt graduated from Cornell College in Mount Vernon, Iowa. He earned his medical degree at Des Moines University, College of Osteopathic Medicine.

Kelli Searles has been appointed regional vice president of marketing for Franciscan St. Francis Health. She was previously director of marketing and community relations. Searles holds bachelor’s degrees in journalism and psychology at Ball State University.

-Bidpal Inc. leased 17,901 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by John Robinson of Jones Lang LaSalle. The landlord, CIII Asset Management LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-MCL Restaurant & Bakery leased 4,918 square feet of retail space at 2113-2123 E. 62nd St. The landlord, McKee Realty Corp., was represented by Bill French of Cassidy Turley. The tenant represented itself.

-Salon Lofts leased 4,657 square feet at Cool Creek Village, 2750 E. 146th St., Carmel. The tenant was represented by Scott Gray and Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Thompson Thrift, was represented by Ryan Menard of Thompson Thrift.

-BioCrossroads extended its lease for 4,620 square feet of office space at 300 N. Meridian St. The landlord, University Park Associates, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.

-Century Link leased 3,998 square feet of space at Haverstick, 8250 Haverstick Road. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Citimark, was represented by Brian Fitzgerald of Citimark.

-Dennis Frazee DDS leased 3,200 square feet at 100 Town Center Drive South, Mooresville. The tenant was represented by Mike Napariu of REI Real Estate Services. The landlord, Mooresville Medical LLC, was represented by Alex Cantu of Summit Realty Group.

-Mattress World leased 3,200 square feet at Emerson Commons, 6815 S. Emerson Way. The tenant was represented by Kyle Hughes and Jamison Downs of Veritas Realty LLC. The landlord, Emerson Commons, was represented by Larry Davis and John Baker of Sitehawk Retail Real Estate.

-Indiana Academy of Family Physicians Inc. leased 3,010 square feet at Circle Tower, 55 Monument Circle. The tenant was represented by Tyson Chastain of Cornerstone Companies Inc. The landlord, Ambrose Circle Tower LLC, was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.

-Orange Leaf Yogurt leased 1,649 square feet of retail space at 5220 E. Southport Road. The tenant was represented by Beth Patterson of Colliers International. The landlord, Indiana Properties Group LLC, was represented by Jacque Haynes of Cassidy Turley.

-A Nail Salon leased 1,614 square feet at Olio Pavilion, 11630 Olio Road, Fishers. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Capitol Assets LLC leased 1,521 square feet at 150 W. Market St. The tenant was represented by Bill Ehret of Summit Realty Group. The landlord, NEA Properties Inc., was represented by Rich Forslund and Matt Langfeldt of Summit Realty Group.

-Wellness Center leased 1,200 square feet at Crooked Creek, 7872 N. Michigan Road. The landlord, Michigan Realty LLC, was represented by Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.

-Dr. Gregory Hale leased 1,150 square feet at Green on Meridian, 10291 N. Meridian St. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Gibraltar, was represented by Jimmy Clark of Jones Lang Lasalle.

-Moorehead Communications Inc. bought a 47,335-square-foot building on six acres at 525 Congressional Blvd., Carmel. The buyer was represented by Jamison Downs and Kyle Hughes of Veritas Realty. The seller, HLM Properties, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
 
-Citizens Energy Group bought 4 acres at 4434 W. 86th St. The sellers, Robert and Larry Cool, were represented by Ross Reller of Colliers International. The buyer represented itself.

-Promise Ventures LLC bought a 2,100-square-foot office suite at 12574 Promise Creek Lane, Suite 118, Fishers. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.

The average rate for 30-year mortgages fell from 3.75 percent to 3.73 for the week ended April 3, according to Bankrate.com. The rate for 15-year mortgages fell from 2.97 percent to 2.95 percent.

Capitol Construction has completed a 6,000-square-foot service bay expansion for Ed Martin Buick GMC at 9896 N. Michigan Road, Carmel.

Keith Lauter has been appointed chief financial officer of the Franciscan St. Francis Health hospital system. He succeeds Jay Brehm, who was appointed senior vice president of strategic planning and business development for Franciscan Alliance, the parent of Franciscan St. Francis, which is based in Mishawaka. Since 2004, Lauter has served as the CFO of Franciscan St. Elizabeth hospitals in Lafayette and Crawfordsville. Lauter holds a bachelor's in accounting from Ball State University and an MBA from Indiana Wesleyan University.

Dr. John Edwards has joined Indiana Blood and Marrow Transplantation at Franciscan St. Francis Health in Indianapolis. The group of four doctors cares for patients undergoing stem cell transplants and patients with blood cancers. Edwards previously worked as medical director at CTI Clinical Trial and Consulting Services in Cincinnati. Before that, he served stints as president of Lifeforce Cryobanks, a Florida-based cord blood bank, and as medical director of the Florida Hospital Cancer Institute Blood and Marrow Transplant Program. Edwards earned his medical degree from the University of Florida.

After six years of unsuccessfully recommending measures that could have made it easier for a suitor to acquire Eli Lilly and Co., the drugmaker’s board has given up this year. The board decided not to place two measures before shareholders again during Lilly’s May 6 annual meeting—one to require annual election of directors and another to remove an 80-percent super-majority requirement to approve a takeover of the company. In a proxy statement filed in March, the board said it opted against another vote because “we have concluded that the proposals would not be successful in 2013.”

Indiana University Health set a goal this year to cut expenses 20 percent to 25 percent over the next four years. That’s $1 billion to $1.2 billion annually, based on IU Health’s expenses last year. Even though President Obama’s 2010 health reform law likely will expand health insurance coverage to an extra 500,000 Hoosiers over the next few years, IU Health officials expect the amount the hospital system receives per patient to fall as the federal government, employers and patients all push back on sky-high health care costs. Most other hospitals are in the same boat. Community Health Network—whose Indianapolis market share is second only to IU Health’s—started trying to cut its expenses back in 2009, even before the health reform law passed. It set a goal to trim $300 million—about 20 percent of expenses—by 2015. Community is more than one-third of the way toward its goal, progress it achieved by streamlining its supply chain and leaving many vacant positions unfilled. It is now focusing on cutting waste out of its internal processes.

The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a 19-acre parcel of real estate it’s targeting as the centerpiece of a life sciences corridor called 16 Tech. The site at 1220 Waterway Blvd. would accommodate about 1 million square feet of space for a single tenant or multiple users, said Deron Kintner, executive director of the Indianapolis Bond Bank. He is promoting the property as an ideal location for the proposed life-sciences-focused research institute supported by Gov. Mike Pence and Eli Lilly and Co. CEO John Lechleiter. Real estate developers and brokers say the city’s purchase of the Citizens property could help cement 16 Tech as an attractive option for life sciences and research firms looking to locate or expand in Indianapolis.

WellPoint Inc.’s top brass all enjoyed double-digit bumps in 2012 compensation, according to a proxy released April 2, even though the company’s stock price fell and it admittedly did not meet its financial goals. The Indianapolis-based health insurer’s board approved higher salaries and larger potential stock awards heading into 2012 after most of its top executives saw their pay hold steady or decline in 2011. The company’s performance merited its executives' receiving only 83 percent of their target stock awards. But because the board had already established larger pools of stock to award to executives, the value of those awards still rose over previous years. Bonus amounts fell in 2012 compared with the previous year. Former CEO Angela Braly received compensation of $20.6 million last year after she was allowed to stay on as an employee until year's end so that additional stock awards kicked in. WellPoint spokeswoman Kristin Binns said WellPoint achieved important goals in 2012.

Indiana University’s Kelley School of Business will launch a new MBA program for midcareer physicians in an attempt to help doctors figure out how to curb the health care industry’s soaring costs. According to Bloomberg News, about 30 students will join the program in its first year. Their first course will discuss the policy changes coming to health care as a result of President Obama’s 2010 health reform law, the Patient Protection and Affordable Care Act. Unlike most MD-MBA programs, which target medical students, the Business of Medicine MBA is only for currently practicing doctors who are around 40 to 55 years old and are taking on greater accountability for patient outcomes and costs.

Eli Lilly and Co. plans to double the size of a manufacturing plant already under construction southwest of downtown, investing another $180 million on insulin production and related products. The Indianapolis-based pharmaceutical giant announced in November that it would spend $140 million to construct an 80,000-square-foot plant for filling cartridges for insulin-injecting pens. The plant, on South Harding Street, adjoins the existing manufacturing complex known as Lilly Technology Center. The new $180 million investment would add 84,000 square feet to the project, allowing Lilly to add another cartridge-filling line, the firm announced Tuesday. The space also would be used to increase Lilly’s manufacturing capacity for the active ingredient in insulin. About 175 workers will staff the plant once it’s in full operation. The jobs will be filled by existing and new employees, according to Lilly spokesman Ed Sagebiel. In addition, Lilly is planning several other projects for its Indianapolis operations totaling $80 million, including a $40 million product-inspection center. The firm has submitted a request to city officials for a tax abatement on the full $400 million investment, between the two phases of the new plant and ancillary projects, Sagebiel said. Lilly’s request calls for a 10-year abatement that would save the firm $30 million. Construction of the production area for insulin’s active ingredient could be complete by December and in operation by March 2014, according to the company. Work on the additional cartridge filling line could be finished by 2016.

-The Neher Group bought a 27,492-square-foot industrial property at 7740 Johnson Road. The buyer was represented by Mark Writt of CBRE. The sellers, Jody Maugham, Linda Overby and Ellen Cry, were represented by Jeff Castell and Luke Wessel of Cassidy Turley.

-Good Wood LLC bought a 27,340-square-foot industrial property at 6312 Southeastern Ave. The buyer was represented by J.D. Graves of CBRE. The seller, Trustee of James W. Aikman Revocable Trust, was represented by Michael Weishaar of Cassidy Turley.

-Kittles Home Furnishings leased 30,059 square feet at Raceway Plaza, 10695 E. U.S. 36, Avon. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Raceway Nine, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.

-Natural Stone & Tile leased 17,330 square feet of industrial space at 8875 Bash St. The tenant was represented by Michael Napariu of REI Investments. The landlord, Westminster Funds, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Johnson, Grossnickle + Associates Inc. leased 6,083 square feet of office space at 21-63 S. Park Blvd., Greenwood. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-Artisanz Fabrication & Machine Co. leased 5,000 square feet of industrial space at 2198 Reeves Road, Plainfield. The landlord, Damon Jones, was represented by Patrick Lindley of Cassidy Turley. The tenant represented itself.

-International Center of Indianapolis leased 4,640 square feet of office space at One Indiana Square at Ohio and Pennsylvania streets. The tenant was represented by Spud Dick and John Crisp of Cassidy Turley. The landlords, Michael Maurer and Todd Maurer, were represented by Ralph Balber of Newmark Knight Frank Halakar.

-Turning Point Dental leased 4,545 square feet at Five River Crossing, 8555 N. River Road. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, River Crossing Five LLC, was represented by Barb Zike of PK Partners.

-Spectrum Financial Group LLC leased 4,003 square feet at 9000 Keystone Crossing. The tenant was represented by Jack Esselman of J. F. Esselman Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.        

-Procter & Gamble RHD Inc. leased 2,407 square feet at 8900 Keystone Crossing. The tenant was represented by David Mennell of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-Kessler Krest Baptist Church leased 2,200 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Yumi Prater of Colliers International. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.

-Vein Clinics of America Inc. leased 2,190 square feet at 9000 Keystone Crossing.  The tenant was represented by Zane Brown of CBRE. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.        

-VHA Inc. leased 1,597 square feet at 8900 Keystone Crossing. The tenant was represented by Denice Michel of Jones Lange LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.     

-Enzo Pizza leased 1,201 square feet of office space at 10 W. Market St. The landlord, MT Acquisitions LLC, was represented by Andrew Martin, Bennett Williams and Allison Hawley of Cassidy Turley. The tenant represented itself.

-Erin Buck leased 1,150 square feet of office space at 1701 Library Park Blvd., Greenwood. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.

The average rate for 30-year mortgages fell to 3.75 from 3.78 percent for the week ended March 27, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 2.97 percent.

Myra Fouts has been named vice president of oncology services for the Community Health Network hospital system. Fouts most recently served as principal for AOC Oncology in Los Angeles. Fouts holds a bachelor's in nursing and a master's in nursing administration from the University of Missouri.

Johnson & Johnson won approval for the first in a new family of diabetes drugs, giving the New Jersey-based drugmaker an edge over Eli Lilly and Co. and other rivals developing similar medicines. On Friday, the U.S. Food and Drug Administration cleared the drug, known as canagliflozin, to treat adults with Type 2 diabetes. It will be sold under the brand name Invokana and may generate as much as $800 million in annual sales, Tony Butler, an analyst at Barclays Plc in New York, told Bloomberg News. The drug is part of a class called SGLT2 inhibitors, which expel sugar in the urine after the kidneys filter it out of the blood. Similar drugs are being developed by Indianapolis-based Lilly, Boehringer Ingelheim GmbH, Bristol-Myers Squibb Co. and AstraZeneca plc.

Medical claims will rise more than 67 percent—the third-highest rate in the nation—for Indiana residents buying individual health insurance policies under President Barack Obama's health care overhaul, according to a study by the Society of Actuaries. The projected increase is partly due to sicker people joining the insurance pool. The study says most states will see increases, and assumes every state will expand its Medicaid program, but that's uncertain in Indiana. The Obama administration says the study ignores subsidies to help with premiums. Middle-class households can buy subsidized insurance in new marketplaces Oct. 1. The report doesn't cover employer plans.

Dow AgroSciences LLC will formally open a 175,000-square-foot building on April 10, which will be home to 200 researchers working on plant biotechnology. Dow AgroSciences first announced the $340 million expansion in March 2010, saying it would lead to an additional 577 high-paying jobs over the following five years. The company, which is a subsidiary of Michigan-based Dow Chemical Co., said most of the positions would pay $65,000 to $95,000 annually. Dow AgroSciences had sales last year of $6.4 billion, and produced earnings before taxes, interest, depreciation and amortization of $977 million.

-Midwest Academy Inc. bought a 19,012-square-foot building at 1420 Chase Court, Carmel. The buyer was represented by Mike Napariu of REI Real Estate Services. The seller, DJSI LLC, represented itself.

-Westfield Andover One LLC bought 20.56 acres at 186th Street and Shady Nook Road, Westfield. The buyer was represented by Bill Flanary of Cassidy Turley. The seller, First Farmers Bank & Trust, represented itself.

-Keihin North America Inc. leased 32,250 square feet of office space in Flagship Business Park, 2701 Enterprise Drive, Anderson. The tenant was represented by Stan Elser of Lee & Associates. The landlord, Flagship Enterprise Center Inc., represented itself.

-The Salvation Army leased 19,150 square feet of retail space in Greenbriar Shopping Center, 1357 W. 86th St. The tenant was represented by Pat Boyle of Midland Atlantic.  The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson and Scot Courtney of Lee & Associates.

-Walls Mattress leased 4,000 square feet at Washington Shoppes, 10021 E. Washington St. The tenant was represented by Dean Almas of Sitehawk Retail Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's Josh Broadbent.

-Wine & Canvas leased 3,250 square feet at Clearwater Shoppes, 3809-3981 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.

-Wells Fargo Home Mortgage renewed its lease for 3,200 square feet of retail space in River Ridge Crossing, 4705 E. 96th St. The tenant was represented by Stan Elser and Bart Jackson of Lee & Associates. The landlord, River Ridge Crossing West LP, was represented by John Beuoy of The Broadbent Co.

-Aquent LLC leased 2,745 square feet at Meridian Mark I, 11611 N. Meridian St. Carmel. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, Zeller Real Estate Group, was represented by Zeller's Tristan Glover.

-Humana Insurance Co. leased 2,540 square feet at 8888 Keystone Crossing. The tenant was represented by Brian Askins, formerly of DTZ, a UGL company. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.

-GoPath Global LLC leased 1,419 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.

-Vietnamese Coffee Shop leased 1,400 square feet at Castleton Plaza, 6388 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's Josh Broadbent. The tenant represented itself.

-Taste of Philly leased 1,300 square feet at Fishers Town Center, 8355 E 116th St., Fishers. The landlord, The Broadbent Co., was represented by Broadbent's Brian Broadbent. The tenant represented itself.

-Age Successfully leased 1,300 square feet at Fishers Town Center, 8355 E 116th St., Fishers. The tenant was represented by Kevin Gillihan of Jones Lang LaSalle. The landlord, The Broadbent Co., was represented by Broadbent's Brian Broadbent.

-Air Tan leased 1,200 square feet at Fishers Town Center, 8355 E 116th St., Fishers. The landlord, The Broadbent Co., was represented by Broadbent's Brian Broadbent. The tenant represented itself.

-Ingrid’s Beauty Salon leased 1,200 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher. The tenant represented itself.

-Cuts and Style leased 1,200 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, The Broadbent Co., was represented by Broadbent's Jim Mosher. The tenant represented itself.

-Holland & Holland leased 1,255 square feet at 8888 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
 
-Greenwood Vision Development Center LLC leased 1,150 square feet of office space in Library Park, 1701 Library Park Blvd., Greenwood. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.

-Irish Ink leased 1,000 square feet of retail space in Village Park, 8920 S. Meridian St.  The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, LaGrotte Realty, was represented by Mark Deitel of Keller Williams Commercial.

The average rate for 30-year mortgages fell to 3.78 from 3.85 percent for the week ended March 20, according to Bankrate.com. The rate for 15-year mortgages fell to 2.97 percent from 3.03 percent.

-CBRE has promoted J.D. Graves to vice president.

-Wes Podell has joined PK Partners as vice president of leasing and development.

-Gibson Commercial Construction has completed a 15,000-square-foot office for Endress + Hauser Flowtec AG at 2330 Endress Place, Greenwood.

-Mezzetta Inc. has been awarded the general conditions contract by Citizens Energy Group for the master facilities plan at Citizens' Langsdale site, 2150 Dr. Martin Luther King Blvd. The work is to begin in April of this year and be completed in May 2014.

-Capitol Construction has completed a 4,900-square-foot retail build-out for Salon Lofts at 2316 E 116th St., Carmel.
 

Eli Lilly and Co. granted larger bonuses to its top five executives early this year, which boosted the value of their compensation packages 3 percent to 8 percent. John Lechleiter, CEO of the Indianapolis-based drugmaker, saw his overall compensation reduced 10.7 percent because the calculated value of his pension fell. But excluding that on-paper reduction, the actual compensation Lechleiter received for 2012 rose 3.6 percent to $10.2 million. His salary and stock award were unchanged from 2011, but his bonus rose 13.6 percent to nearly $3 million. Chief Financial Officer Derica Rice received a modest increase in salary and a larger bonus. His overall compensation, excluding the pension adjustment, rose 3.3 percent to $5.2 million. Jan Lundberg, the president of Lilly Research Laboratories, enjoyed increases in his salary, stock award and bonus, which boosted his overall pay 8.3 percent to $4.5 million, excluding any pension adjustment.

Hospital officials praised Indiana's medical savings accounts but some consumer advocates panned them March 20 during a public hearing on Gov. Mike Pence’s plan to use the Healthy Indiana Plan to expand Medicaid in Indiana, according to the Associate Press.  The Indiana Hospital Association and officials from hospitals around the state said the Healthy Indiana Plan would reduce the amount of indigent care they must provide to uninsured patients. But critics noted HIP isn't available to everyone, and even when it is, it can prove too costly for some low-income Indiana residents needing medical care. "I do not believe it will do what we need to do to cover people," said Rep. Sue Errington, D-Muncie. Pence has proposed using HIP to complete a Medicaid expansion for Indiana residents earning up to 138 percent of the federal poverty level. That's a sliding scale that includes $15,856 for a single individual or $32,499 for a household of four. If the Centers for Medicaid and Medicare Services approves Pence's proposal, it could provide coverage for as many as 400,000 low-income residents. If CMS rejects it, it could end coverage for about 40,000 residents already enrolled in HIP. A decision must to be made by June, six months before the state's current waiver expires. Also, Pence has said he might not sign off on the expansion using HIP even if CMS approves it.

Boehringer Ingelheim GmbH and Eli Lilly and Co. filed for FDA approval of a new anti-diabetes medicine, the two companies announced Monday. The drug, empagliflozin, is known as an SGLT2 inhibitor and fights Type 2 diabetes by removing excess glucose through a patient’s urine by blocking the re-absorption of glucose in the kidney. Several large pharmaceutical companies are trying to bring an SLGT2 inhibitor drug to market. In January, New Jersey-based Johnson & Johnson, won the backing of an FDA advisory panel for its drug, called canagliflozin. Other companies in the SGLT2 race are New York-based Bristol-Myers Squibb Co. and United Kingdom-based AstraZeneca plc. Lilly is helping to develop and commercialize empagliflozin, which was discovered by Germany-based Boehringer Ingelheim. The drug is one of five that Lilly hopes to submit to the U.S. Food and Drug Administration this year.

AIT Laboratories recently named Scott LaNeve vice president of sales and marketing. LaNeve spent the past eight years doing sales and marketing for a series of small startups and mid-market companies. He previously worked for Boehringer Mannheim and Roche Diagnostics. LaNeve earned his bachelor’s degree in psychology from West Virginia University. He also studied marketing management at Boston University’s overseas graduate program in Germany, finance and accounting at the Columbia University Graduate School of Business in New York and global business management at the Institute for Management Development in Switzerland.