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Residential

The average rate for 30-year mortgages was dropped from 3.57 to 3.54 percent in the week ended Nov. 14, according to Bankrate.com. The rate for 15-year mortgages fell from 2.88 percent to 2.87 percent.

Construction

-Capitol Construction has completed an 850-square-foot fitness center in the Sheraton Indianapolis at City Centre, 31 W. Ohio St.

-Capitol Construction has completed a 2,525-square-foot lobby renovation at 3600 Woodview Trace.

-Capitol Construction has completed a 2,500-square-foot remodel of Lincoln Square Restaurant, 8150 Oaklandon Road.

-Capitol Construction has completed a 1,000-square-foot boardroom expansion at CNO Financial, 11825 N. Pennsylvania St., Carmel.

Leases/leasing contracts

-Medline Industries leased 180,000 square feet of industrial space at 650 S. Perry Road, Plainfield. The tenant was represented by Brian Zurawski of Summit Realty Group. The landlord, Westminster Funds, was represented by Luke Wessel of Cassidy Turley.   

-Bishop Steering Technology leased 41,810 square feet of industrial space at 8804 Bash St. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Westminster Northeast, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Indiana University Health Occupational Services leased 9,300 square feet of industrial space at 5603 W. Raymond St. The tenant was represented by Jeff Harris of NAI Meridian Real Estate Services. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley.

-Project Lead the Way Inc. leased an additional 5,640 square feet at The Precedent—Building 75, 3939 Priority Way, South Drive. The tenant was represented by Tom Frank of Summit realty Group. The landlord, PP Indianapolis VII Project Corp., was represented by Rick Trimpe and Tim Hull of CBRE.

-March of Dimes Foundation leased 5,261 square feet at Metrocentre Business Park, 75th Street and Binford Blvd. The tenant was represented by Mary Beth Kohart of CBRE.  The landlord, Metro Center Office Park LLC, was represented by Nick Svarczkopf and J.D. Graves of CBRE.

-TITLE Boxing Club leased 5,498 square feet at Glendale Town Center, 6101 N. Keystone Ave. The tenant was represented by Chris Ray of Catalyst Commercial Group. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group.

-El Agave leased 3,280 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit P. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-World Finance leased 2,027 square feet of retail space at College Park, 3325 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Koko Fit Club leased 1,781 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Fishers. The tenant was represented by Beth Patterson of Colliers International. The landlord, 116th & Olio LLC, was represented by Blake Beaver of Kite Realty Group.

-Elite Styles leased 1,640 square feet of retail space at Indy Pavilions, 7035 E. 96th St., Unit Q. The tenant was represented by Jon Hardy of Coldwell Banker Commercial. The landlord, Sandor Development, was represented by Drew Kelly of Sandor.

-Menchie’s Frozen Yogurt leased 1,615 square feet of retail space in Stony Creek Marketplace, 17015 Mercantile Blvd., Noblesville. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, Inland Southeast Stony Creek LLC, was represented by Larry Davis of Sitehawk Retail Real Estate.

-World Finance leased 1,440 square feet of retail space at Norgate Plaza, 7235 N. Keystone Ave., Unit L. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Family Empowerment Support Services leased 1,400 square feet of retail space at Washington Market, 10423 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Precision Point Inc. leased 1,222 square feet of office space at Carmel Office Court, 301 E. Carmel Drive, Carmel. The tenant was represented by Tom Hadley of Summit Realty. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Forest Park Injury & Recovery Center Inc. leased 1,150 square feet of office space in Library Park, 1701 Library Blvd., Greenwood. The tenant was represented by Brenda Richards of Carpenter Realtors. The landlord, Ennis Co. Inc., was represented by Cathy Richards of Lee & Associates.

Sales/acquisitions

-AEI Fund Management bought a 15,443-square-foot retail property at 8245 E. 96th St., Fishers. The buyer was represented by Andy Bogardus of Cassidy Turley. The seller, TF Development LLC, was represented by Bill French of Cassidy Turley.

-S&S Indy LLC bought 24 acres of industrial land at 4800 S. Harding St. The buyer was represented by Jim Karozos of Lee & Associates. The seller, Herriman Keeler & Teuton, was represented by Herb Feldmann of Lee & Associates.

-S&S Indy LLC bought 5.9 acres of industrial land at 4585 and 4600 S. Harding St. The buyer was represented by Jim Karozos of Lee & Associates. The seller, Chaudhary & Singh, was represented by Bina Ahluwalia of Bina Real Estate.

-T. Thompson Properties LLC bought 40 acres of land at 9700 Pentecost Road and 11.92 acres of land at 5700 S. Emerson Ave. The buyer was represented by  Billy Bemis of Bemis Group. The seller, Horizon Bank, was represented by Cathy Richards and Mike Kensill of Lee & Associates.

Hope for Hostess? Judge pushes sides into mediation

Hostess Brands Inc. will hold talks with its bakery workers’ union on Tuesday to explore the reasons for a strike that the maker of Twinkies and Wonder bread said will force it to liquidate.

Developer unveils 16-home project just east of downtown

The Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era office/warehouse buildings to make way for home construction in 2013.

Cook wins approval for new stent

Bloomington-based Cook Medical won approval for the first drug-coated stent for clogged leg arteries in the United States, which accounts for 40 percent of the soon-to-be $3 billion market.

Correction

Three trauma centers in Indianapolis are certified by the American College of Surgeons: Riley Hospital for Children at Indiana University Health, IU Health Methodist Hospital and Wishard Memorial Hospital. Riley was incorrectly left off the list in the Nov. 12 issue of IBJ Health Care & Reform Weekly. Also, St. Vincent Indianapolis Hospital is seeking but has to receive certification from the American College of Surgeons as a trauma center. St. Vincent’s status was reported incorrectly in the Nov. 12 issue of IBJ Health Care & Reform Weekly.

People

Dr. Huma Khan, a family physician and obstetrician, has joined Franciscan Physician Network as part of its South 31 Family Care practice. She previously practiced at St. Vincent Dunn Hospital in Bedford. Khan earned her medical degree in Pakistan and completed residency training at Marquette General Hospital in Michigan. Khan also received a master’s degree in public health from the University of New Mexico.

Company news

Diagnotes LLC, an Indianapolis-based developer of health care software, won the inaugural Hoosier Healthcare Innovation Challenge held by the economic development group Develop Indy. Diagnotes and two other finalists, CreateIT and Freedom Solutions, presented product demonstrations at the annual conference of the Indiana Healthcare Information and Management Systems Society. Diagnotes’ On Call software, which delivers patient medical records to smartphones of an on-call doctor, won $5,000 for taking first place. Diagnotes also won the business competition that was part of the Indiana Life Sciences Summit, staged by Indianapolis-based BioCrossroads, in October.

In a bid to compete for cancer patients with Indiana University Health and St. Vincent Health, Community Health Network will make its North and East hospitals affiliates of the University of Texas’ MD Anderson Cancer Center. MD Anderson, one of the best-known treatment centers for cancer, will certify the cancer physicians at the two hospitals and give Community access to the evidence-based treatment and follow-up plans developed by MD Anderson. “This is a game changer for our network,” Bryan Mills, CEO of Indianapolis-based Community Health Network, said in a prepared statement.  “Professionals in the medical field know the MD Anderson name very well, as it’s the gold standard for cancer care.” Community also plans to seek MD Anderson Cancer Network certification at its hospitals in Anderson, Kokomo and on the south side of Indianapolis.

Advantage Health Solutions Inc. suffered a security breach that potentially affects members of the Franciscan Alliance accountable care organization. The breach occurred Oct. 19 when a subcontractor of Indianapolis-based Advantage mailed generic health questionnaires to 2,575 beneficiaries with individual identification numbers inadvertently displayed. No personal health or financial information was disclosed. Advantage, which provides care management and data services for the Franciscan ACO, said it is offering free credit monitoring to all members of the health plan.

West Lafayette-based Tymora Analytical Operations LLC received $300,000 from the National Institutes of Health to help it develop technology to help researchers develop drugs to treat cancer and diabetes, as well as immune and neurological disorders. The company’s technology, called PolyMAC, is based on research by Andy Tao, a Purdue University professor of biochemistry. Tymora received a $150,000 grant from the National Institutes of Health this year, and has also received a $150,000 grant from the National Science Foundation. All the grants are part of the federal government's Small Business Innovation Research, or SBIR, program.

No answers in murder-suicide at plant

Indianapolis police are still seeking a reason for a murder-suicide that took place Friday night at a ConAgra Foods plant on West 62nd Street near Guion Road. Anthony Hicks Sr., 45, was fatally shot by a co-worker, 44-year-old Alonzo Laws, who took his own life after the killing. No conversation preceded the killings, which took place in the plant’s break room. Hicks’ wife said her husband knew Laws but had never mentioned having any problems with him.
 

Crews working on Fishers gas leak

Vectren utility crews are working to repair a leaking underground gas line in Fishers in an area just south of East 116th Street and Lantern Road. The small underground leak in a 3-inch main was discovered Monday about 12:15 a.m. Crews have closed Lantern Road in the area but said there was no danger to nearby residents.
 

Police seek robbery, rape suspect

Police say a man raped a woman after robbing her husband early Sunday morning near the Fountain Square neighborhood. The incident happened in the 1100 block of Laurel Street just before 4 a.m. According to the report, the attacker hit the husband in the head with a stick, “causing a large laceration.” He then took the man’s wallet and hit the wife in the head before raping her. Police are investigating.
 

Analyst: WellPoint CEO search down to two

According to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.

Notre Dame could push BCS revenue to record highs

The Fighting Irish of Notre Dame won’t be the only ones dancing on a pot of gold should the school’s football team make it to the BCS National Championship game Jan. 7 in Miami.