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Construction

-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.
 

People

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

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

Residential

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.

Leases/leasing contracts

-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.

Sales/acquisitions

-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.

Celadon, state plan major jobs announcement

Indianapolis-based trucking carrier Celadon Group Inc. and the state are set to make an announcement Tuesday morning “regarding hundreds of new jobs.” A source familiar with the deal said the announcement involves a previously announced driver education center.

Rolls-Royce late with key part for F-35 fighter

Rolls-Royce Holdings Plc was an average of 160 days late last year in delivering equipment needed for the U.S. Marine Corps version of the F-35 fighter to hover and land like a helicopter, according to the Pentagon.

Health records operation looking to raise $20M

The Indiana Health Information Exchange Inc. hopes to raise roughly $20 million over three years to take its health information technology services to hospitals around the country.

Deal raises hopes for Healthy Indiana Plan expansion

Gov. Mike Pence’s strategy for expanding Medicaid in Indiana is to convince or cajole the Obama administration to let him use the Healthy Indiana Plan to do it. A recent deal in Arkansas seems to make it more likely that the Obama team will give Pence what he wants.

Company news

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.

People

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.

Driver arrested after fatal accident

Two people died and another was in critical condition after a car crashed into a building on the far-east side early Sunday morning. Tiffany McGinnis, 27, of Indianapolis was arrested on preliminary charges of driving while intoxicated. Police say she drove a Chevrolet Impala into the Univar USA Inc. building at 7425 E. 30th St., just before 3:30 a.m.

Butler assistant heading south

Matthew Graves, a coach for the Butler University men's basketball team for more than a decade, is leaving the program to become head coach at the University of South Alabama, sources say. Graves, a former Butler player, was an assistant coach for nine years before being named associate head coach in 2010. South Alabama went 17-13 this season and finished second in the Sun Belt Conference. Its coach, Ronnie Arrow, retired earlier this season.

Snow blast sets record

A snowstorm that left 7.2 inches of snow in Indianapolis on Sunday set a weather record for the date. The National Weather Service said the snowfall was the most that has fallen in the city on March 24 since 1912, when it got 5.8 inches. While it isn't all that rare for Indiana to get snow in March, it is unusual to get so much.