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Residential

The average rate for 30-year mortgages fell to 3.55 percent from 3.70 percent in the week ended Sept. 26, according to Bankrate.com. The rate for 15-year mortgages fell to 2.88 percent from 2.95 percent.

Leases/leasing contracts

-Connecticut Electric Inc. leased 33,500 square feet of industrial space at 1819 W 38th St., Anderson. The tenant and landlord, Duo Co., were represented by Thomas Willey of Willey Commercial Real Estate.

-Mini Blessings Childcare Ministry leased 12,000 square feet at Emerson Way Shopping Center, 5410 Emerson Way. The tenant was represented by Joe Lonneman of Ambrose Property Group. The landlord, Emerson Way LLC, was represented by Tracey Holtzman of Midland Atlantic Properties.

-Half Price Books leased 8,800 square feet at Clearwater Village, 4611-4737 E. 82nd St.  The tenant was represented by Dawn Lyon of Site Link Commercial Realty. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Horizon Bank leased 7,040 square feet of office space at 117 E. Washington Street, Indianapolis. The tenant was represented by John Crisp of Cassidy Turley. The landlord, The Broadbent Co., was represented by Josh Broadbent.

-Prime Lending leased 6,216 square feet of office space at 50 E. 91st St. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-Transition Resources Corp. leased 3,800 square feet of office space at 600 Corporation Drive, Pendleton. The tenant and landlord, Tower Pendleton LLC, were represented by Thomas Willey of Willey Commercial  Real Estate.

-Accelerated Health Systems LLC leased 3,545 square feet at Raceway Crossing, 10934-10976 E. U.S. 36, Avon.  The tenant was represented by Jonathan Sharp at HSA Commercial Real Estate.  The landlord, Broadbent Co., was represented by Brian Broadbent.

-ATI Physical Therapy leased 3,305 square feet of retail space at 433 N. Capitol Ave. The tenant was represented by John Crisp of Cassidy Turley. The landlord, American United Life Insurance Co., was represented by Jacque Haynes and Don Williams of Cassidy Turley.

-Detour American Grille Express leased 3,200 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Rob Warstler at Colliers International. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent.

-Bi Qin Shao leased 3,154 square feet at Pyramid Place Shoppes, 3502  W. 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic Properties. The landlord, Centre Properties, was represented by Dean Almas of Sitehawk Retail Real Estate.

-Snap MyLife Indianapolis leased 2,917 square feet of office space at 8335 Allison Pointe Trail. The tenant was represented by David Black of Cresa Partners. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Get Real Sports Sales leased 2,695 square feet of office space at 550 Congressional Blvd., Carmel. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Trigild, was represented by Rich Forslund of Summit Realty Group.

-Fugi Foot Spa leased 2,400 square feet at Greenwood Place, 7551-7747 S. Shelby St. The tenant was represented by Itamar Cohen of Indiana Realty Group.  The landlord, Broadbent Co., was represented by Josh Broadbent.

-MOD Salon leased 2,334 square feet at Clearwater Shoppes, 3809-3981 E. 82nd St. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Boost Mobile leased 1,737 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The landlord, Broadbent Co., was represented by Brian Broadbent. The tenant represented itself.

-Pyone Cho Asia Market leased 1,600 square feet of retail space in Greenbriar Shopping Center, 1321 W. 86th St. The landlord, Prime Property Investors Fund VIII LP, was represented by Bart Jackson of Lee & Associates. The tenant represented itself.

-Frame and Save leased 1,400 square feet at Castleton Point, 5305-5499 E. 82nd St. The landlord, Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.

-Whisper Hearing Center leased 1,368 square feet of office space in Smith Valley Professional Center, 1700 W. Smith Valley Road, Greenwood.  The tenant was represented by Stephen Adams and Riley Faulk of Hokanson Cos. The landlord, Smith Valley Investment LLC, was represented by Cathy Richards of Lee & Associates and Keith Turnbill of RE/MAX Select.

-Holy Family Books & Gifts leased 1,280 square feet at Carmel Walk Shopping Center, 1327 S. Rangeline Road, Carmel. The landlord, The Fineberg Group LLC, was represented by Patrick Boyle of Midland Atlantic Properties. The tenant represented itself.

Sales/acquisitions

-U.S. Properties bought a 50,000-square-foot commercial building at 4701 Rockville Road. The buyer was represented by Ron Bowden of Evergreen Investments. The seller, ONB Realty, was represented by Keith Dedrick of Corporate Commercial Group.

-643 Mass Ave. LLC bought a 9,000-square-foot retail/office building at 643 Massachusetts Ave. The buyer was represented by Bryan Paine of ReMax Acclaimed Properties. The seller, FEC Investments, was represented by Jodi Milto of Midland Atlantic Properties.

-4841 Industrial Parkway LLC bought a 5,320-square-foot industrial building at 4841 Industrial Parkway. The seller, Star Financial Bank, was represented by Fritz Kauffman of Cassidy Turley. The buyer represented itself.

IndyCar denies getting offer from George to buy series

The Sports Business Journal is reporting that former Indianapolis Motor Speedway CEO Tony George has assembled an investor group that includes race team owners Chip Ganassi, Roger Penske, Michael Andretti and Kevin Kalkhoven to buy the IndyCar Series.

Store clerk shoots would-be robber

An Indianapolis store employee armed with a handgun shot and killed a robbery suspect about 1 a.m. Monday at the 21st Amendment liquor shop at 3939 S. Keystone Ave., police say. Three employees told investigators that the man was armed with a gun and demanded money before store clerk Zachary Rogers shot and killed him. Rogers, an Iraq veteran, was in his third night on the job.    
 

Police probe death after house fire

Indianapolis police and arson investigators are probing the discovery of a body inside a fire-damaged home in Lawrence Township. Bryant Steele, 27, was found dead in his home at 3921 Chateau Drive about 7 a.m. Sunday after a blaze was put out by firefighters. Relatives said Steele, who has a lengthy criminal history, frequently went out in public dressed as a woman and may have been a target for violence. The fire caused an estimated $90,000 in damages.
 

Sledge’s exit will keep IU program mostly intact

The departure of Dr. George Sledge likely will sap the breast cancer research program at the Indiana University Melvin and Bren Simon Cancer Center of about $500,000 in annual funding. But the program Sledge built over the past three decades mostly will remain intact.

Butler picks developer for $45M campus project

Butler University trustees have picked locally based Keystone Group to build a parking, retail and residential project on campus between Clowes Hall and Hinkle Fieldhouse.

Fortune Industries plans to exit PEO business

In an unusual turn of events, the publicly traded professional employer organization is abandoning its plans to be taken private and instead hopes to become a skilled-nursing operator through a merger with a Greenfield-based company.

Cummins gets EPA approval for key engine

Cummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever set of federal standards for heavy-duty truck emissions.

Will Medicaid expansion actually work?

It would be “absurd” and a “travesty” for Indiana not to expand its Medicaid program, according to two local hospital officials. And yet other health care leaders do not expect expanded Medicaid coverage to provide nearly as much help to uninsured Hoosiers as hoped.

Bernanke makes strong defense of Fed rate policies

In a speech in Indianapolis, Chairman Ben Bernanke offered a sharp defense Monday of the Federal Reserve's bold policies to stimulate the weak economy, while cautioning Congress to respect its private discussions.

Receiver appointed to manage troubled Century Building

A Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is facing foreclosure. A lender to the building’s owner claims it is owed $10.5 million.

Company news

WellPoint Inc. is likely to name an outsider as its next CEO, according to interviews with former executives and directors of the Indianapolis-based health insurance company. The person mentioned most often as a likely successor to ousted CEO Angela Braly is David Snow, who led New Jersey-based pharmacy benefit manager Medco Health Solutions Inc. until its $29 billion sale this year to St. Louis-based Express Scripts. Internal WellPoint candidates Wayne DeVeydt and Ken Goulet also will receive a thorough look from the board, but former company brass say they have not been fully readied to be CEO because the WellPoint board did not expect to have to replace Braly, 51, so soon.

Amerigroup Corp., the Medicaid managed care company being acquired by WellPoint, will sell its Virginia business to Virginia-based hospital system Inova to placate federal antitrust regulators, according to Reuters. The U.S. Department of Justice had requested additional information from both WellPoint and Amerigroup on their Virginia businesses, according to an announcement from Amerigroup on Friday. The sale to Inova is not expected to have an impact on WellPoint's $4.9 billion acquisition of Amerigroup. Both deals are expected to close in the fourth quarter.

Indianapolis-based Dow AgroSciences LLC said Friday that it has prevailed in a patent-infringement lawsuit involving one of the company’s key weed-control products. The suit, filed in December 2010 by South Africa-based Bayer CropScience SA, charged that Dow AgroSciences’ herbicide-tolerance technology infringed one of its patents. In the Sept. 27 ruling, a federal judge sided with Dow AgroSciences in its motion to have the case dismissed, determining that Dow’s Enlist weed-control technology did not infringe on the patent. Dow AgroSciences, a subsidiary of Midland, Mich.-based Dow Chemical Co., predicts Enlist could earn as much as $1 billion over its life cycle.

One of Indiana University's two new schools of public health has a new name. The school on the Indianapolis campus on Thursday was formally named the Richard M. Fairbanks School of Public Health. The Fairbanks Foundation last year gave IU $20 million to help establish the school, which evolved from the Department of Public Health in the IU School of Medicine. Another public health school is being established at IU's Bloomington campus. The Bloomington school will focus on rural communities, and the Indianapolis school will focus more on urban health and its connections to the medical school. IU spokeswoman Diane Brown says the Indianapolis school will accept its first new students next spring. Some already are working toward degrees that will be offered by the new school.

The National Institute on Disability and Rehabilitation Research has designated the Indiana University School of Medicine and the Rehabilitation Hospital of Indiana as one of 16 sites in its Traumatic Brain Injury Model System. The designation comes with a five-year, $2.1 million grant to the medical school and the rehab hospital, which is a joint venture of the IU Health and St. Vincent Health hospital systems. Health care providers will use the federal grant money to study the effectiveness of the drugs Buspar and Vanspar in treating irritability and aggression that occur in some traumatic brain injury patients. Researchers at IU and the rehab hospital also hope to develop standard measures to assess the impact of aggression and irritability.

People

Joyce Irwin has been named CEO of Community Health Network Foundation, the charitable arm of the Indianapolis-based Community Health Network hospital system. On Oct. 22, Irwin will replace Dr. Jeffrey Boester, who has served as interim CEO since June, following the departure of Michele Dole. Irwin was most recently national director of state government affairs, regulatory and public policy at Roche Diagnostics Corp. in Indianapolis. Before Roche, Irwin worked as a consultant on corporate public policy for Eli Lilly and Co. She holds bachelor's and master's degrees in education from Indiana University.

AIT Laboratories has named Paula Conroy its chief financial officer. Conroy most recently operated her own consulting business specializing in CFO services for privately held companies. Conroy previously worked at the U.S. Securites & Exchange Commission and Ernst & Young LLP. She holds both a bachelor’s in management and an MBA from Purdue University and is a certified public accountant.

Dr. Sarah Ali, an oncologist and hematologist, has joined Franciscan Physician Network Oncology & Hematology Specialists on the south side. Ali earned her medical degree at St. George’s University School of Medicine in Grenada, West Indies, and completed a hematology-oncology fellowship at Michigan State University.

Sean Fallon has been named chief technology officer for CNO Financial Group Inc. He most recently worked at Lincoln Financial Group, where he served as vice president for application development in its group protection division. Fallon holds a bachelor’s degree in business and finance from the University of Wisconsin at Madison and a master’s in finance from the University of Wisconsin at Milwaukee.

The Fishers-based Behavior Analysis Center for Autism hired psychologist Genae Hall as its new research director and consultant. She currently serves as the co-director of Behavior Analysis and Intervention Services. A native of California, Hall holds a bachelor’s degree in psychology from the University of California at Santa Barbara, a master’s in psychology from Western Michigan University, and a doctorate in psychology from West Virginia University.

You-review-it Monday

There was plenty to do during a beautiful Central Indiana weekend? Share your experiences.