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Residential

The average rate for 30-year mortgages rose from 3.58 percent to 3.67 percent in the week ended Jan. 9, according to Bankrate.com. The rate for 15-year mortgages rose from 2.88 percent to 2.92 percent.

Leases/leasing contracts

-Freedom Mortgage Corp. leased 74,775 square feet of office space at 10500 Kincaid Drive, Fishers. The landlord, Kincaid Developers Inc., was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.

-Community Hospital leased 40,000 square feet at 11911 N. Meridian St. The landlord, Meridian Mile Associates, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.

-Coast To Coast Imports leased 24,000 square feet at 5350 N. Keystone Ave. The landlord, Wolf Investments, was represented by John Schick of Schick Properties. The tenant represented itself.

-Planet Fitness expanded its lease to 17,095 square feet of retail space in Shoppes at County Line, 8811 Hardegan St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Gateway Arthur Inc., represented itself.

-C.H. Robinson Worldwide Inc. leased 11,027 square feet of office space at 10500 Kincaid Drive, Fishers. The tenant was represented by David Rende of Mohr Partners. The landlord, Kincaid Developers Inc., was represented Darrin Boyd and Dave Moore of Cassidy Turley.

-Phoenix Resource Management leased 9,106 square feet of industrial space at 164 S. Park Blvd., Greenwood.  The tenant was represented by Rick Suja of Colliers International.  The landlord, South Park Group LLC, was represented by Brian Dell of Summit Realty Group.

-StonePro LLC leased 9,000 square feet of industrial space at 9325 Uptown Drive. The tenant was represented by Dannetta Hiatt of Colliers International. The landlord, Mann Properties, represented itself.

-First National Restoration leased 6,574 square feet at 343 W. McCarty St. The landlord, Stadium Partners LLC, was represented by Tyler Wilson of Summit Realty Group. The tenant represented itself.

-Vista Hospice Care Inc. and Gentiva Health Services Inc. leased 5,840 square feet of office space at Westridge Office Park II, 6845 E. U.S. 36, Avon. The tenant was represented by Jimmy Clark of Jones Lang LaSalle Americas Inc.  The landlord, Westridge Office Park LLC, was represented by Nathan Smith of Colliers International.  

-Staples leased 4,568 square feet of office space at College Park Plaza, 8909 Purdue Road. The tenant was represented by Yumi Prater of Colliers International. The landlord, Wells REIT II, was represented by Mike Semler, Andy Martin and Bennett Williams of Cassidy Turley.

-Hays Cos. leased 4,118 square feet at 300 N. Meridian St. The tenant was represented by John Vandenbark of CBRE. The landlord, University Park Associates, was represented by Mike Napariu of REI Real Estate Services.

-R.O. Whitesell & Associates leased 3,425 square feet at 11711 N. Pennsylvania St. The landlord, North Pennsylvania Street Associates, was represented by Mike Napariu of REI Real Estate Services. The tenant represented itself.
 
-Holliday Fenoglio Fowler LP leased 3,051 square feet of office space at 135 N. Pennsylvania St. The landlord, True North Management Group LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley. The tenant represented itself.

-Allergy & Asthma Specialists PC leased 2,637 square feet of office space at 70 E. 91st St. The tenant was represented by Yumi Prater of Colliers International. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-House Reynolds & Faust leased 2,475 square feet at 11711 N. Pennsylvania St.  The tenant was represented by Jeff Harris of NAI Meridian Real Estate. The landlord, North Pennsylvania Street Associates, was represented by Mike Napariu of REI Real Estate Services.  

-DT Power & Associates leased 2,421 square feet of office space at 3091 E. 98th St. The tenant was represented by John Crisp and Spud Dick of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-MyCOI leased 2,280 square feet of office space at 9700 Lakeshore Drive East, Suite C.  The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Veteran Construction, was represented by Rob Christman of Colliers International.  
 
-Public Safety Medical Services leased 2,158 square feet of office space at 324 E. New York St. The landlord, DH Realty LLC, was represented by Jon Owens and Russ Van Til of Cassidy Turley. The tenant represented itself.

-Halderman Farm Management Service LLC leased 1,841 square feet of office space at 10333 N. Meridian St. The landlord was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.  

-American Nursing Care leased 1,677 square feet of office space at 6515 E. 82nd St. The tenant was represented by Nancy Ryan of Equity. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
 
-Bella Pizza leased 1,677 square feet at Keystone Shoppes, 3367 E. 86th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Simon Property Group, was represented by Tim Murray of Simon Property Group.

-Weight Watchers leased 1,600 square feet of retail space at 17219 17247 Mercantile Blvd., Noblesville. The landlord, Zumot Real Estate Management, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.  

-DJ's Hot Dog Co. leased 1,200 square feet of space at Shiloh Crossing, 10240 E. U.S. 36, Avon. The tenant was represented by Steven Sengson of Prodigy US Real Estate. The landlord, MLMT 2005-LC1 Greensburg Crossing LLC, was represented by Gary Perel of Newmark Knight Frank Halakar.

-Davis Insurance & Financial LLC leased 1,100 square feet of office space at 9700 Lakeshore Drive East, Suite D. The landlord, Veteran Construction, was represented by Rob Christman of Colliers International. The tenant represented itself.

Sales/acquisitions

-Nirmal D. Singh bought an 8,600-square-foot industrial building at 3901 S. Madison Ave. Both the buyer and seller, Midwest Investment Properties LLC, were represented by Bart Book of Cassidy Turley.

-Marshall Holdings LLC bought a 31,164-square-foot industrial building at 5320 E. 25th St. The buyer was represented by George Dury of Dury Investment Group. The seller, Marsh Building Supply Inc., was represented by Michael Weishaar of Cassidy Turley.

Pence orders Indiana family impact statements

New Indiana Gov. Mike Pence is telling several state agencies they must consider the impact any new regulations would have on families. That's among 15 executive orders that Pence signed in the governor's office Monday, a few hours after his inauguration.

Franciscan, American Health join new ACOs

Franciscan St. Francis Health and American Health Network continue to get deeper into the accountable care organization concept being promoted by the federal Medicare program under the 2010 health reform law.

Company news

BioCrossroads Inc.’s newest seed fund has plowed $750,000 into two Indianapolis-area life sciences companies. Esanex Inc. received $500,000 to help it develop a therapy that inhibits the ability of cancer cells to grow and survive. The investment will be used to complete a Phase 1 study in patients with tumors and to conduct multiple Phase 2 trials. Esanex is part of the portfolio of Lilly Ventures, the venture capital firm spun out of Eli Lilly and Co. in 2009. Algaeon Inc., meanwhile, received $250,000 to develop a technology for making micro-algae-based products used in human supplements and in animal and fish-feed stocks. The company will use the investment to expand operations and produce additional products. Algaeon is located on the northwest side on West 82nd Street. BioCrossroads, the Indianapolis-based life sciences development group, launched Indiana Seed Fund II in April after raising $8.25 million to help fledgling life sciences companies grow. Its first seed fund raised $6 million that was invested in 11 companies.

WellPoint Inc.’s plan to raise rates that small employers in California pay for medical insurance was criticized as unreasonable by the state insurance commissioner, who said customers are being charged this year to cover U.S. health-law taxes that won’t begin until 2014. According to Bloomberg News, WellPoint’s Anthem Blue Cross unit in California is raising those rates an average of 10.6 percent. Indianapolis-based WellPoint sells small group policies that cover 284,000 California employees. California Insurance Commissioner Dave Jones accused WellPoint of overstating future medical use and cost trends, and improperly including next year’s taxes. The commissioner provided his findings last month to the insurer, which plans to proceed with the rate increase. Anthem Blue Cross said rates will go up an average of 6.5 percent and the increase is lower than not-for-profit competitors. Around the country, Aetna Inc., UnitedHealth Group, Centene Corp. and other health insurers have proposed large increases on small businesses and individual buyers in recent months, citing rising costs for medical care and greater requirements of the health-care law. The Obama administration has said provisions in the law have kept increases from being even higher.

Johnson & Johnson won the backing of an FDA advisory panel for a diabetes pill the company is seeking to make the first in a new family of drugs for managing blood sugar, putting it ahead of Eli Lilly and Co., Bristol-Myers Squibb Co. and AstraZeneca plc, which all are trying to develop similar drugs. According to Bloomberg News, New Jersey-based J&J received a 10-5 vote from the panel to support its drug canagliflozin, although the panel also said the drug raises concerns about heart risks. The once-a-day pill is part of a treatment group known as SGLT2 inhibitors that are intended to have fewer side effects, such as low blood sugar and weight gain, than current diabetes drugs. The U.S. Food and Drug Administration is scheduled to decide on canagliflozin by the end of March; the agency usually follows recommendations of its advisory panels, but it does not have to. Lilly’s drug, which it is developing with Germany-based Boehringer Ingelheim Gmbh, is called empagliflozin. The two companies plan to file for FDA approval later this year.

Catheter Research Inc. has acquired assets from Illinois-based Marshall Medical Systems & Equipment Inc., one of the distributors of medical equipment for a subsidiary of Catheter Research called Thomas Medical Systems. Thomas Medical makes medical devices for reproductive and OB/GYN care. Catheter Research did not disclose the purchase price.

People

Jane Keller, CEO of the Indiana Orthopaedic Hospital and interim CEO of OrthoIndy, a large Indianapolis-based practice of orthopedic surgeons, has been named CEO of both companies. Keller took over as interim CEO of OrthoIndy in June 2012. Keller holds a nursing degree from Ball State University and an MBA from Butler University. She became chief nursing officer of the Indiana Orthopaedic Hospital in 2005 and was named CEO in 2006.

The Indianapolis-based Suburban Health Organization named Davis Lippincott as its new president, replacing Julie Carmichael, who recently left to become chief strategy officer at the St. Vincent Health hospital system. Lippincott previously was director of provider contracts and risk services for Suburban Health, a consortium of 10 hospital systems, including Indianapolis-based St. Vincent. Prior to joining Suburban Health, Lippincott worked as a financial analyst at Blue Cross and Blue Shield of Indiana and was an analyst and director of the care-management organization at St. Vincent Health. Lippincott holds a bachelor's degree from Purdue University and is a certified public accountant.

Anthem pulling out of Quality Health First

Since 2009, Indianapolis-based Anthem has doled out $14.5 million in bonuses to physicians based on their scores in quality reports generated by Quality Health First.

Ball State student dies in accident

A Ball State University student died overnight after his car overturned along a flooded roadway in Grant County. Blake A. Taylor, 19, of Kokomo was pronounced dead at a local hospital. Police say Taylor was heading to the Muncie campus when his car hydroplaned on a flooded portion of State Road 26 about 11 p.m. and ended up flipping over into a ditch filled with 4 feet to 5 feet of water.
 

Man critical after Brownsburg crash

Slick roads may be to blame for a crash that shut down the eastbound lanes of Interstate 74 at the Brownsburg exit for about three hours Sunday. The accident, involving a semitrailer and a passenger car, happened about 7:40 p.m. The driver of the passenger car was taken to the hospital in critical condition.
 

Crash shuts down I-65 near Franklin

A semitrailer crash and resulting spill closed northbound Interstate 65 near the Franklin exit in Johnson County for about three hours Monday. The Indiana Department of Transportation said diesel fuel, antifreeze and hydraulic fluid spilled from the jackknifed semi. Lanes reopened after 9:30 a.m. At least one person was taken to an area hospital in unknown condition after the accident. A cause is under investigation.
 

Pence sworn in as Indiana’s 50th governor

Mike Pence, the former six-term Republican congressman from Columbus, used his inaugural address from a Statehouse balcony in front of a crowd of supporters and state officials to call upon all residents to help better the state.

Muncie-based glass maker to be sold for $1.6B

Ardagh Group said it has agreed to buy Indiana-based glass bottle and jar manufacturer Verallia North America, which has about 4,400 employees at 13 manufacturing plants in the United States, including more than 650 workers in Indiana.

HHGregg shares tumble on profit warning

HHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.

Deputy Indiana attorney general to serve in Washington

Richard Bramer will work with members of Indiana's congressional delegation and report to the attorney general's office on issues so state officials can advise the government of the state's position.

Out of Washington, Pence redefines his image

Mike Pence, who will be sworn in as Indiana’s 50th governor on Monday, is looking to distance himself from his reputation as a staunch social crusader as he focuses on jobs in his new position.