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The average rate for 30-year mortgages was stable at 3.73 percent for the week ended March 6, according to Bankrate.com. The rate for 15-year mortgages was also unchanged, at 2.96 percent.
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CSO Architects has promoted Brandon Bogan to principal; Mary Inchauste to associate principal; Eric Knott and Randy Robison to senior associates; and Mike Johnson, Nick Alexander and Mark Stoner to associates. Michela Cupello has joined the firm.
Leases/leasing contracts
-Flex-Pac Inc. leased 91,399 square feet at 6075 Lakeside Blvd. The tenant was represented by Steven Schaub of Summit Realty Group. The landlord, CalEast Global Logistics, was represented by Bryan Poynter of Cassidy Turley.
-CopyCo Office Solutions leased 10,146 square feet in Seven Parkwood, 280 E. 96th St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.
-Technical Treads LLC leased 6,511 square feet at 1729 S. U.S. 31, Suite D, Greenwood. The tenant and landlord, First Financial Collateral Inc., were both represented by Brian Dell of Summit Realty Group.
-ExactHire leased 5,079 square feet of office space at 10333 N. Meridian St. The tenant was represented by George Dury of Dury Investment Group. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.
-FedEx Office & Print Services renewed its lease for 2,000 square feet of retail space in University Shoppes, 4155 S. East St. The landlord, Mills LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates. The tenant represented itself.
-Vehicle Acceptance Corp. leased 1,957 square feet of office space at 2601 W. Fortune Circle. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Park Fletcher Properties LLC, was represented by Nick Svarczkopf of CBRE.
-GAP Solutions Inc. leased 1,919 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property Inc., was represented by Bennett Williams, Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Brighter Day Restoration leased 1,500 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
-Mahler & Co. P.C. leased 1,426 square feet of office space at 3500 DePauw Blvd. The landlord, Sterling American Property Inc., was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Marco’s Pizza leased 1,300 square feet of retail space in Chapel Hill Shoppes, 7301 W. 10th St. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, GSR LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Integra Construction renewed its lease for 1,210 square feet of office space at 8900 Keystone Ave. The tenant was represented by Richard R. King III and Steve Beals of Lee & Associates. The landlord, Keystone Crossing Investors LLC, was represented by Abby Cooper Zito of Jones Lang LaSalle.
-MJW Financial leased 1,016 square feet of office space at 6525 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Myers Tire Supply leased 1,008 square feet of office space at 3881 3955 Eagle Creek Parkway. The tenant was represented by Jon Owens and Russ Van Til of Cassidy Turley and David O'Neill of Ostendorf Morris. The landlord, Healthcare Management of America Inc., represented itself.
Analysis: Feds likely to cut Medicaid support
A fellow conservative provided some support for Gov. Mike Pence’s claim that an expansion of Medicaid will become a “baby elephant” that eats up larger and larger shares of state resources.
Sales/acquisitions
-John Force Racing bought a 31,000-square-foot building at 493 Southpoint Circle in Eaglepoint Business Park, Brownsburg. The buyer was represented by Stephane Nguyen of Reed Smith. The seller, Don Prudhomme Racing, was represented by Brian Seitz and Jake Sturman of Jones Lang LaSalle.
-Balkan Realty LLC bought a 1,400-square-foot office suite at 12574 Promise Creek Lane, Suite 110, Fishers. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International. The buyer represented itself.
-BGM Central Indiana LLC bought a 2,100-square-foot office suite at 12574 Promise Creek Lane, Suite 108, Fishers. The buyer was represented by Jason Childress of BGM Realty Inc. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International.
-BSA Real Estate LLC bought a 1,400-square-foot office suite at 12574 Promise Creek Lane, Suite 114, Fishers. The buyer was represented by Chris Wells of C.M. Wells Enterprises Inc. The seller, First Financial Collateral Inc., was represented by Paul Dick and Kevin Dick of Colliers International.
Study: Inpatient declines to hit all hospitals
One explanation for Indiana University Health’s decision to delay its Methodist Hospital expansion is that new “value-based” payment models appear to be pushing down hospitalization rates, according to a study released Friday.
Ball State issues all-clear following gun alert
Ball State University issued an all-clear notice Monday morning after warning students and staff that a man was seen with what appeared to be a handgun near a campus library. A spokeswoman said campus police investigated that report and deemed the campus secure about 90 minutes after a text alert was sent Monday morning.
Fountain Square man hurt by intruders
A 79-year-old Indianapolis man said three people burst into the back door of his Fountain Square-area home Sunday about 10 p.m. before beating him up and stealing his wallet. One intruder hit the victim in the chest with the barrel of a rifle and threatened to kill him while the other two searched the home in the 1600 block of Draper Street. The man suffered cuts to his hands and needed treatment at an area hospital.
Three die in crash near Anderson
Three people were killed and three others injured in a single-vehicle crash Sunday afternoon east of Anderson. Investigators believe the sport-utility vehicle was speeding south on County Road 600 West near Daleville about 4 p.m. when the driver hit a rise in the road and lost control. The SUV became airborne, struck a retaining wall, and flipped for a couple of hundred feet before stopping. Killed in the crash were driver Lisa Case, 46, of Anderson, and passengers Kent Kalley, 46, and Andrew Lackey, 12, both of Yorktown. The three other passengers, all 13, were in stable condition.
IU Health puts Methodist expansion plans on hold
Citing concerns about the economy and federal health reform, Indiana University Health has pressed pause on its plans to build a bed tower at Methodist Hospital that could have cost it as much as $500 million.
IU’s Crean classless, misguided in postgame confrontation
IU basketball coach Tom Crean has become beloved by Hoosiers supporters for winning with class. After Sunday's victory he departed that path, let his emotion get the best of him and did a disservice to his current players.
Land bank bill likely heading for study committee
Rep. Ed Clere, R-New Albany, said his bill on land banks may have tried to tackle too many issues involving abandoned housing, including Indiana’s tax-sale process.
Overseas tax savings for U.S. drugmakers under threat
Eli Lilly and Co. and five other big drugmakers avoided paying $7 billion in U.S. taxes last year by shifting their profits overseas. The strategy has drawn the ire of some legislators.
Auto parts plant closing in northeastern Indiana
Michigan-based Ficosa North America Corp. has notified state officials that 137 employees will lose their jobs when the plant in Berne closes May 31.
Rally backs Indiana charter school, voucher programs
Supporters of Indiana's charter schools and private school vouchers packed a Statehouse corridor with hundreds of children from those schools for a rally Monday as they backed expansion of those programs.
Annexation request crimps Anderson land plan
Efforts by Anderson officials to annex land to create an economic development corridor could be thwarted by a request from property owners who want to become part of the town of Lapel instead.
MORRIS: After long winter, thinking of parks and how we fund them
I know we had snow last week, but spring is almost here. Daylight saving time is just kicking in. We’ve been cooped up much of this winter, and it feels like it’s way past time to get up, get outside and MOVE! That means we’re about to see more people outside taking advantage of our parks and greenways, something that far too many of us take for granted.
EDITORIAL: City-County Council doesn’t need fixing
As the second half of the legislative session begins to heat up, one of the bills still in play deserves calling out for its blatantly political intent.
North-central Indiana counties form development group
The organization will focus on combining the counties’ local matching funds to attract federal money.