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Sales/acquisitions

-Timberland Lumber Home Center Inc. bought a 70,000-square-foot industrial building at 2702 N. Tibbs Ave. The buyer was represented by Cameron Kucic of Summit Realty Group. The seller, ATC Realty Sixteen Inc., was represented by Bryan Poynter of Cassidy Turley.

-Kort Builders Inc. bought an 8,280-square-foot industrial building at 8709 Castle Park Drive. The buyer was represented by Pete Anderson of BI Realty Services. The seller, ASL Property Management Co., was represented by Michael Weishaar of Cassidy Turley.

Leases/leasing contracts

-Burlington Coat Factory leased 75,000 square feet of retail space at 5410 5540 E. 82nd St. The tenant was represented by Brad Gershman of Gershman Brown Crowley Inc. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.

-McGladrey LLP leased 7,365 square feet of office space at 9225 Priority Way, West Drive. The tenant was represented by Dave Moore and John Crisp of Cassidy Turley. The landlord, Pace Properties, was represented by Darrin Boyd of Cassidy Turley.

-Imani Church leased 6,309 square feet of retail space at 3754 Commercial Drive. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Sandor Development, was represented by Drew Kelly of Sandor Development Co.

-Crown Castle USA Inc. leased 4,573 square feet of office space at Precedent Office Park, 3939 Priority Way, South Drive. The tenant was represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, HDG Mansur, was represented by Tim Hull of CBRE.

-Indiana Gastroenterology leased 4,286 square feet of medical office space at 8902 N. Meridian St. The tenant was represented by Kim Estes Hartman, Tom Osborne, and R.J. Rudolph of Colliers International. The landlord, Duke Realty Healthcare, was represented by Travis Tucker of Duke Realty.
 
-Community Hospital renewed its lease for 2,649 square feet of office space in Murphy’s Landing Professional Building, 6925 S. Harding St. The tenant was represented by Rob Lukemeyer of Baseline Inc. The landlord, The Copeland Family 1995 Trust, was represented by Cathy Richards of Lee & Associates.  
 
-Zimmer Chiropractic leased 2,444 square feet of office space at 9757 Westpoint Drive. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Crosspoint Partners LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Axium leased 2,127 square feet of office space at Crosspoint Six, 9775 Crosspoint Blvd., Fishers. The tenant was represented by Tim O’Brien of Colliers International. The landlord, Young Realty Crosspoint Six LLC,  represented itself.

-Subway leased 2,000 square feet of retail space at 7710 S. Meridian St. The tenant and landlord, Mohammed Hanif/Manzoor Hussain, were represented by   Mike Medlock and Bob Lindgren of Lee & Associates.

-State Farm leased 1,465 square feet of office space at 9757 Westpoint Drive. The tenant was represented by Matthew Waggoner of Summit Realty Group. The landlord, Crosspoint Partners LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Jackson Concrete Inc. leased 1,200 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.

-Plainfield Smokes leased 1,200 square feet at Main Street Crossing, 120 N Perry Road, Plainfield. The landlord, The Tabani Group, was represented by Keith Fried of Sitehawk Retail Real Estate.  The tenant represented itself.

Residential

The average rate for 30-year mortgages fell from 3.79 percent to 3.78 percent for the week ended July 18, according to Bankrate.com. The rate for 15-year mortgages fell from 3.05 percent to 3.04 percent.

NCAA hammers Penn State with major sanctions

The NCAA on Monday morning slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.

Duke Energy utilities probe continues after hearings

North Carolina utilities regulators said Friday they will continue their investigation into whether they were intentionally misled by executives and directors assembling the country's largest electric company.

Duke Energy director answers questions in merger probe

A long-time Duke Energy Corp. director who led the surprise CEO ouster at the country's largest electric company said Friday that reasons for the move included a long-delayed update on insurance payments for a troubled Florida nuclear power plant and personal meetings that went poorly.

Cross-country walker killed by car

Police say a 20-year-old California man taking part in a cross-country anti-abortion walk was fatally struck Friday morning along a central Indiana highway.
Hendricks County police say Andrew Moore of Concord, Calif., was walking along U.S. 40 about 20 miles west of Indianapolis at about 5 a.m. when he was hit. Moore was wearing a reflective vest. The driver suffered minor injuries. Police say there were no signs the vehicle was off the roadway or that alcohol was a factor.
 

Woman injured while fleeing police

Police in Indianapolis say a 22-year-old woman fleeing officers was critically injured when she crashed her car into a utility pole at about 1 a.m. Friday. A police spokesman said officers tried to stop a car that had been reported stolen, but the driver fled along major streets on the city's south side before police lost sight of the car. Officers soon found that the vehicle had gone out of control and slammed into a pole at Troy Avenue and Shelby Street. Police say Erica Shelton, of Indianapolis, was ejected from the car. She was taken to a hospital in critical condition. Shelton faced arrest warrants on methamphetamine-dealing charges.
 

Man captured after police standoff

An Indianapolis man was taken into custody Friday morning after a standoff on the west side of the city. Stori Emerson, 31, was arrested on an outstanding warrant for felony possession of marijuana. Police tried to serve Emerson a warrant at about 4 a.m. but heard three gunshots from inside the residence in the 4900 block of West Morris Street. Emerson surrendered after spending two hours holed up in a house. Additional charges are pending.

How will critics rage against Super Bowl impact now?

Hosting big events like the Super Bowl will always draw out some critics in central Indiana. But a close look at the numbers inside the recently released Super Bowl economic impact should quiet the howling.

Airport authority names new executive director

Robert Duncan has held the position on an interim basis since March, when his predecessor, John Clark, abruptly stepped down. Duncan previously served as the authority’s general counsel and chief operating officer.

State unemployment rate ticks up to 8 percent

The increase marks the first time Indiana’s unemployment rate has risen in nearly a year, the Department of Workforce Development said Friday. The rate remains below the national rate of 8.2 percent.

Venture funding falls 12 percent in second quarter

Funding for U.S. startups fell 12 percent in the second quarter as venture capitalists poured less money into fewer deals than a year earlier. But the number of companies getting funded in the earliest stages of development reached the highest level in more than a decade.

Purdue planning $89M classroom, library project

Purdue University officials are working on plans for an $89 million project to build a new classroom and library building that would take the place of an old power plant on the West Lafayette campus.