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Sales/acquisitions

-IDA Properties LLC (Indiana Dental Association) bought a 15,000-square-foot office building at 1319 E. Stop 10 Road. The buyer was represented by Jon Owens of Cassidy Turley. The seller, Bank of America, was represented by Nicholas Svarczkopf of CBRE.

-Oak Property Group LLC bought a 4,100-square-foot office building at 8060 Madison Ave. The buyer was represented by Cathy Richards of Lee & Associates. The seller, C&S Development LLC, was represented by Rudy Schwarz of Bob Cook Realty.

-RLC Properties PC bought 2.558 acres at 8151 Country Villiage Drive. The buyer was represented by Christi Coffey of Carpenter Realtors. The seller, Cloverleaf Property Group LLC, was represented by Jason Alsup and Allen Culpepper of RE/MAX Centerstone.

Leasing/leasing contracts

-Viet Hoa International Supermarket leased 25,200 square feet at Castleton Plaza, 6336 E. 82nd St. The tenant was represented by Tracey Holtzman of Midland Atlantic Properties. The landlord, Castleton Plaza LP, was represented by Josh Broadbent of The Broadbent Co.

-Shoe Carnival Inc. leased 25,000 square feet of retail space at 7565 US 31 South. The tenant was represented by Bob Byrne of Edge Commercial Real Estate LLC. The landlord, Nationwide, was represented by Bill French of Cassidy Turley.

-CPI Communications Products Inc. leased 13,072 square feet of office space at 7301 E. 90th St., Indianapolis. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Westminster Funds, was represented by Bryan Miller and Todd Vannatta of Cassidy Turley.

-Teddy’s Burger Joint leased 6,692 square feet of retail space in Merchants' Square, 1235 Keystone Way, Carmel. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Merchants 450 LLC, was represented by Gilli Zofan of Ramco-Gershenson Properties Trust.

-Blume & Blume leased 6,400 square feet of industrial space at 4350 W. 10th St. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.   

-Federal Insurance Co. leased 5,658 square feet of office space at One American Square at Illinois and Ohio streets. The tenant was represented by Nick Arterburn of CBRE. The landlord, American United Life Insurance Co., was represented by Jon Owens and Russ Van Til of Cassidy Turley.  

-Papa Joes Jr. leased 4,000 square feet at Avon Station, 8100 E US 36, Avon. The tenant was represented by Janice Paine of Colliers International. The landlord, Avon Station Inc., was represented by Michael Cranfill of Sitehawk Retail Real Estate.

-Bruce D. Brattain leased 3,043 square feet of office space at 151 N. Delaware St. The tenant was represented by Bill Moore of Cassidy Turley. The landlord, Hertz Investment Group, was represented by Crystal Houston of CBRE.
 
-Jack’s Donuts leased 1,611 square feet at The Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-Pizza Hut leased 1,124 square feet at Mohawk Landing, 729 S. Rangeline Road, Carmel. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Mohawk Investments LLC, represented itself.

-Pizza Hut leased 1,200 square feet at Arlington Square, 5914 E. 10th St. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Carnegie Cos. Inc., was represented by Thomas A Cortese III of Acorn Group Inc.  

-Pizza Hut leased 1,200 square feet at New Palestine Plaza, 1396 S 600 West, New Palestine. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, New Palestine Plaza Inc., represented itself.

Residential

The average rate for 30-year mortgages dropped from 3.54 percent to 3.53 percent in the week ended Nov. 21, according to Bankrate.com. The rate for 15-year mortgages fell from 2.87 percent to 2.86 percent.

Construction

-JBM Contractors has completed a 1,817-square-foot office build-out for Manpower Inc. at 7216 N. Keystone Ave.

-JBM Contractors has completed a 2,836-square-foot office build-out for Artemis Medical Group at 14555 Hazel Dell Parkway, Carmel.

-Kort Builders has completed a 2,160-square-foot restaurant build-out for Punch Burger at 137 E. Ohio St.

City leads Midwest in speculative industrial development

Indianapolis has more speculative industrial space under construction than any other market in the Midwest as developers try to capitalize on about four million square feet of tenant interest in the market.

Supreme Court ponders definition of work supervisor

The Supreme Court, in response to an Indiana case, may make a final decision on whether to draw a legal line between work colleagues and work managers, at least when it comes to harassment and retaliation claims.

Durham asks court for five-year sentence

Convicted Ponzi schemer Tim Durham is requesting a much shorter prison stay than the life sentence federal prosecutors want him to serve. The convicted Ponzi schemer and two associates are set to be sentenced Friday.

Company news

NoviaCare Clinics LLC, which operates on-site clinics for employers, is gradually pitching a new constellation of services, which it calls Total Patient Experience, to its 85 clients. The effort is one of a few initiatives to get employers to push deeper to address the causes of their workers’ health problems. Indianapolis-based NoviaCare is negotiating contracts with financial counselors, substance abuse counselors, mental health counselors and physical therapists who can be called in to its employer clinics to help address the underlying causes of patients’ health issues. So far, NoviaCare has signed up Batesville Tool & Dye and Hillenbrand Inc. to use the physical therapy portion of its service. NoviaCare hopes employers come to embrace its entire suite of services down the road.

The number of serious medical errors at hospitals and nursing homes fell to 100 last year from 107 in 2010, according to the Indiana State Health Department's 2011 Medical Errors report. According to a report by WTHR-TV Channel 13, the most common errors were severe bed sores, followed by surgery on the wrong body part, and foreign objects left after surgery. Indiana University Health’s three downtown hospitals reported 14 errors, the highest number in the state. But those hospitals also see more patients than any other in the report. Nearly a third of the state's hospitals reported at least one error.

Eli Lilly and Co. gave $12.4 million to the United Way, a slight uptick from its United Way gift from last year. The donation represents the contributions of Lilly’s U.S. employees and retirees, plus a matching gift from the Eli Lilly and Company Foundation. The funds will help support the United Way of Central Indiana as well as other local United Way chapters around the country. Also, the Lilly Foundation gave $200,000 to the American Red Cross to provide disaster relief to victims of superstorm Sandy.

People

Indianapolis-based regulatory consulting firm Anson Group named Scott Thiel its director of connected health operations. In that role, he will help Anson’s customers commercialize wireless, mobile and networked technologies. Before joining Anson in 2011, Thiel served as a global regulatory affairs manager at Roche Diagnostics Corp. He holds degrees from Ball State University and Indiana Wesleyan University.

Anson Group named Scott Durlacher its director of compliance. Durlacher has worked with Anson since 2009, serving as the lead on several compliance projects. He holds degrees from Purdue University and Vanderbilt University.

Jeanelle Regal has been appointed director for Senior Promise, a Franciscan St. Francis Health-based program that provides insurance services to Hoosiers 50 and older. Regal received a bachelor’s in psychology from Andrews University in Michigan, and later earned a master’s in social work at Indiana University.

Medicaid expansion could cost $54M a year

A new set of projections released Monday estimates that expanding Medicaid coverage as called for in President Obama’s 2010 health reform law would cost the state government less than $54 million per year on average over the next decade—far lower than projections issued by the actuarial firm hired by Indiana Gov. Mitch Daniels’ administration.

IU researchers help address software security issues

Researchers from Indiana University's Pervasive Technology Institute will serve as collaborating partners on a major grant from the U.S. Department of Homeland Security to address vulnerabilities arising during the process of software development.

Woman killed by hit-and-run driver

Police say a 78-year-old woman was killed in a hit-and-run Sunday night while walking home from a rural church a few miles west of Zionsville. Anita Wernsing was struck along State Road 267 about 100 yards from Mount Tabor Primitive Church. Investigators say the vehicle that hit Wernsing ran off the road, then continued northbound without stopping. Police are examining automotive parts left at the scene in hopes of finding the vehicle.
 

Assessment fees benefit Indy hospitals

IU Health and Community enjoyed net gains of $267 million and $23 million, respectively, from the hospital assessment fee program during the fiscal year ended June 30.

Family displaced by overnight fire

A fire gutted a home on the west side of Indianapolis early Monday morning, displacing five residents. The blaze broke out about 1 a.m. on North Tremont Street near 10th Street, causing an estimated $45,000 in damage. A renter and her four children arrived home while firefighters were battling the blaze. A cause was not immediately determined, but the family was using several space heaters.
 

Armed robber hits Noblesville CVS

Noblesville police searched the area near Riverview Hospital following a reported armed robbery Monday morning. According to police, a suspect held a gun to a clerk’s head during a robbery at the CVS drugstore in the 100 block of Lakeview Drive about 6:30 a.m. No injuries were reported.
 

Items in ’12 Days of Christmas’ increase to $107,000

If you get buy all 364 items repeated throughout “The Twelve Days of Christmas” carol, you’ll pay 6.1 percent more this year, according to the so-called Christmas Price Index that PNC Wealth Management updates annually.

Experts predict 20-percent growth in Cyber Monday shopping

This year’s Cyber Monday could be the biggest online shopping day of the year for the third year in a row. Indianapolis-based retailers The Finish Line and HHGregg are among those offering Cyber Monday specials.