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Lucia S. Carter has joined Colliers International as senior vice president and director of project management.

Residential

The average rate for 30-year mortgages fell from 4.59 percent to 4.56 percent for the week ended Aug. 7, according to Bankrate.com. The rate for 15-year mortgages fell from 3.65 percent to 3.62 percent.

Crash kills father, daughter

A father and his teenage daughter died Sunday evening in a crash in the Delaware County town of Eaton. Joseph Wesolowski, 51, and Michelle Wesolowski, 16, of Columbus were in an SUV that tried to pass a car making a left-hand turn on State Road 3 when the vehicles collided. Barbara Wesolowski, 50, and the driver of the car were hospitalized in unknown condition.

Westfield named a ‘best small town’

Westfield was the only Indiana community named to Money magazine’s most recent list of best places to live. The list of “America’s best small towns,” released Monday, ranked the Hamilton County city of 32,000 people No. 18. The rankings considered communities with populations from 10,000 to 50,000. Fifty communities were chosen.

Leases/leasing contracts

-City Securities Corp. leased 21,447 square feet at 8900 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.     

-Gale Force Software Corp. leased 10,280 square feet of office space at 11800 Exit Five Parkway, Fishers. The tenant was represented by Brian Askins of Summit Realty. The landlord, Sunbeam Development Corp., was represented by Paul Dick and Kevin Dick of Colliers International.

-Digital Technology Inc. renewed its lease for 6,300 square feet at Hillsdale Business Park, 6892 Hillsdale Court. The landlord, Hillsdale Property Co., was represented by  Brian Buschuk, Kevin Gillihan and Jack Hogan of Jones Lang LaSalle. The tenant represented itself.

-Indy Cigar Bar leased 5,030 square feet at Clearwater Shoppes, 3809-3981 E. 82nd St.  The tenant was represented by Tom Megenhardt of Megenhardt Commercial Real Estate. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy.    

-Mortenson Safar Kim leased 4,961 square feet at Rockdale, 6334 Westfield Blvd. The tenant was represented by Todd Morris of JTM Commercial. The landlord, Loftus Robinson, was represented by Jack Hogan of Jones Lang LaSalle.

-Homeplex Furniture leased 3,207 square feet at Clearwater Village, 4611-4737 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.

-LumiNET renewed its lease for 3,189 square feet at Hillsdale Business Park, 6971 Hillsdale Court. The tenant was represented by Rob Lukemeyer of Baseline. The landlord, Hillsdale Property Co., was represented by Jack Hogan, Brian Buschuk and Kevin Gillihan of Jones Lang LaSalle.

-Lawyers Title Co. LLC leased  2,581 square feet of office space at 9955 Crosspoint Blvd. The tenant was represented by Scott Lindenberg of Reliant Partners.  The landlord, Shiloh Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-The Celtic Cross Catholic Gift Shop leased 2,100 square feet at North Willow Commons, 1410-1518 W. 86th St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.

-Village Green leased 1,859 square feet at Rockdale, 6340 Westfield Blvd. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Loftus Robinson, was represented by Jack Hogan of Jones Lang LaSalle.

-Geist Barber Shop leased 1,334 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.
    
-Autism Clinic of Indiana leased 1,083 square feet of retail space in Fall Creek Harbour, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson of Lee & Associates.

Body found in east-side home

An anonymous call led Indianapolis police to a dead body in an east-side home late Sunday. Detectives who arrived at the scene in the 2000 block of New York Street about 10:30 p.m. determined the decomposing body had been in the home for quite some time. Police are searching the scene, and an autopsy has been scheduled.

Sales/acquisitions

-Passco Cos. bought the 280-unit Autumn Breeze apartments at 14901 Beauty Berry Lane, Noblesville. The seller, Herman & Kittle Properties, was represented by Steve LaMotte and Dane Wilson of CBRE's Indianapolis-Cincinnati Multi-Housing Group. The buyer represented itself.

-Barkefellers bought 4.718 acres of land at 9400 Corporation Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Ridley USA Inc., was represented by Brian Dell and Stephen Daum of Summit Realty Group.

-Olive Garden Restaurant bought 3.5 acres at 10222 N. Michigan Road. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate.  The seller, Ed Coverdale, was represented by Scott Langdon of Langdon Real Estate Services.

Corrections

-Tanti Braids represented itself in leasing 1,890 square feet at Georgetown Plaza, 4825-4959 W. 38th St. Tenant representation information was incorrect in last week's Real Estate Weekly.

–Gary Perel of Newmark Knight Frank Halakar represented landlord Buckingham Cos. in leasing 2,188 square feet at The Avenue to Al Basha LLC. The landlord representation information was incorrect in last week's Real Estate Weekly.

Company news

Indianapolis-based Eli Lilly and Co., already the promoter of the leading anti-impotence pill Cialis, will now try to speed up development of a drug to treat premature ejaculation. Canada-based TVM Life Sciences Ventures VII, which manages funds supplied by Lilly, invested in Ixchelsis Ltd., a new company created in the United Kingdom to develop the experimental drug, which is called IX-01. The drug was originally discovered at a research facility in the United Kingdom operated by New York-based Pfizer Inc., the company that brought the anti-impotence pill Viagra to market. Lilly’s Chorus unit will oversee development of the drug to determine if its proposed concept of action appears to work. “TVM’s strategic relationship with Lilly enables its project-focused companies, like Ixchelsis, to reach clinical proof of concept efficiently and cost-effectively,” said Darren Carroll, Lilly’s vice president of corporate business development, in a prepared statement. If and when the drug’s proof-of-concept is verified, Lilly will have the option to acquire the drug for further development. Lilly and TVM estimate that as many as 30 percent of men worldwide suffer from premature ejaculation.

Warsaw-based Zimmer Holdings Inc., which lost a February trial against Stryker Corp. over a surgical device, was told to pay more than $228 million—three times the jury award plus other costs—and stop selling certain products. According to Bloomberg News, the increase in the jury award was appropriate because Zimmer intentionally infringed Stryker patents to build its business for pulsed lavage, a technique that removes damaged tissue and cleans bones during joint-replacement surgery, U.S. District Judge Robert Jonker said in an order issued Wednesday. He also ordered Zimmer to stop selling its Pulsavac Plus device. A federal jury in Grand Rapids, Mich., in February sided with Stryker and awarded $70 million in damages. The dispute is over devices that use pulsing liquid, such as water or saline solution, to loosen debris from a surgical site and remove it by suction. The $228 million figure is more than the second-quarter profit for either company. Kalamazoo, Mich.-based Stryker reported $213 million in earnings on sales of $2.2 billion. Zimmer, based in Warsaw, reported $152 million in earnings on $1.2 billion in sales.

Three months after the recall of its Zilver PTX stent to prop open peripheral arteries, Bloomington-based Cook Medical Inc. put the device back on the market around the globe, according to MassDevice.com, an industry trade publication. Cook voluntarily recalled the stents in April after getting reports of one patient death and one injury when the equipment that delivers the stent into patients broke off during surgery. In late May, the U.S. Food and Drug Administration slapped its “deadly” warning on Cook’s recall of its stent, which props open arteries in the legs and arms to prevent serious blood clots. Millenium Research Group has estimated that Cook derives $2,750 from each Zilver stent it sells in the United States. Since it first hit foreign markets in 2009, the Zilver stent has been deployed in more than 30,000 patients, according to data from Cook. The Zilver, which is the first stent covered with an inflammation-reducing drug, was introduced to the U.S. market in December 2012. The Zilver recall did not affect stents that were already placed in patients.
 

Indy’s new pro soccer team hits ticket sales milestone

Indy Eleven, the city’s new professional soccer franchise, has been on a season ticket sales tear since the International Champions Cup game was announced—and that sales push continues. Team officials now shooting for new goal by Nov. 11.

People

Dr. Aisha Hashmat, a family medicine physician, has joined Community Physician Network in Anderson. She previously ran a family medicine practice on the south side of Indianapolis. Hashmat received her medical degree from Khyber Medical College at the University of Peshawar in Pakistan.

Dr. Daniel Kim, a neurosurgeon, has joined Community Physician Network, treating patients in Indianapolis and Anderson. Kim, a former attorney at the Indianapolis law firm Ice Miller LLP, received his medical degree from the Indiana Unviersity School of Medicine.

Steven Jones has been promoted to vice president of human resources for the Indiana University Health hospital system. An IU Health veteran for the past decade, Jones most recently served as executive director of talent management and diversity. Jones has a bachelor’s in economics from Wabash College.

Dr. Barbara Sturm, a dermatologist, has joined Franciscan Physician Network. She previously operated an independent practice, Dermatology of Stones Crossing, which was affiliated with Franciscan St. Francis Health. Sturm has a bachelor’s in biochemistry from Purdue University and a medical degree from the Indiana University School of Medicine.
 

State orders recycler to clean up its mess

In May, state inspectors visited the abandoned east-side site and found electronic waste they said could threaten both human and environmental health.

Local legal aid group needs to beat the bushes

A $126,000 reduction in contributions by United Way of Central Indiana is pushing Indianapolis Legal Aid Society to introduce itself to a wider audience and focus on fundraising.

Landfill operators explore energy-creation options

Gas produced by a southern Indiana landfill could be captured and used to generate revenue, but Cummins workers who studied the possibilities say local officials shouldn't take the idea to the bank just yet.