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Residential

The average rate for 30-year mortgages fell from 3.89 percent to 3.87 percent for the week ended July 4, according to Bankrate.com. The rate for 15-year mortgages fell from 3.16 percent to 3.13 percent.

Construction

-D.B. Klain Construction LLC has completed a 3,947-square-foot tenant build-out for Repucare at 9245 N. Meridian St.

-Capitol Construction has completed a 20,500-square-foot office build-out for Guggenheim Partners at 401 Pennsylvania Parkway.

Leases/leasing contracts

-Scholastic Book Fairs Inc. leased 24,294 square feet of industrial space at 4625 W. 86th St. The tenant was represented by Terry Busch of CBRE. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-Principal Financial Group leased 17,170 square feet at One College Park, 8910 Purdue Road. The tenant was represented by Jon Owens of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Zeller’s Mark Vollbrecht and Tristan Glover.

-Arcadis U.S. Inc. leased 16,786 square feet at the Disciples Center, 130-132 E. Washington St. The tenant was represented by Emmett Purcell and Chris Pulie of USI Real Estate. The landlord, Perennial Washington Street LLC, was  represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Angie’s List leased 16,786 square feet at the Disciples Center, 130-132 E. Washington St. The tenant was represented by Mike Corr and Denice Michel of Jones Lang LaSalle. The landlord, Perennial Washington Street LLC, was  represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Arbor Homes leased 6,715 square feet of office space at 6666 E. 75th St. The landlord, Zimmer Real Estate Services, was represented by Bryan Miller of Cassidy Turley. The tenant represented itself.

-Clinical Architecture leased 4,029 square feet at Meridian Mark I, 11611 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Zeller Realty Group, was represented by Zeller’s Tristan Glover.

-Pinnacle of Indiana leased 2,495 square feet at One College Park, 8910 Purdue Road. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Zeller Realty Group, was represented by Zeller’s Tristan Glover.

-Einstein Bros Bagels leased 1,980 square feet at Lockefield Commons, 901 Indiana Ave. The tenant was represented by Mark Perlstein and Keith Fried of Sitehawk Retail Real Estate. The landlord, Lockefield Commons Limited Partnership, was represented by Mark Perlstein of Sitehawk Retail Real Estate.

-Menchie’s Frozen Yogurt leased 1,615 square feet at Stony Creek Marketplace, 17120 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 and John Baker of Sitehawk Retail Real Estate.

-Verizon Wireless-Cellular Sales leased a 1,600-square-foot free-standing building at 7310 N. Keystone Ave. The landlord, 7310 LLC, was represented by Thomas Cortese of Acorn Group Inc. The tenant represented itself.

-Fox’s Pizza Den leased 1,600 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

Sales/acquisitions

-Panda Express bought 1.09 acres at Campus Parkway and Bergen Boulevard in the Saxony Development in Noblesville. The price wasn’t disclosed. The buyer was represented by Steve Delaney of Sitehawk Retail Real Estate. The seller, Interstate Holdings LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Jack in the Box bought one acre at 5615-5619 W. 38th St. The price wasn’t disclosed. The buyer was represented by Connie Niessink of Niessink Commercial Real Estate Inc. The seller, Phillips Edison & Co., was represented by Allison Tiefel of Cassidy Turley.

-82 Flats LLC bought 5.22 acres at 4102 Claire Drive. The price wasn’t disclosed. The buyer and seller, Calinda Properties LLC, were represented by David Simons of Velocity Commercial Real Estate.

City launches extensive rezoning initiative

The nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials, architects, community activists and others.

IDI taps not-for-profit veteran to succeed Zahn

Sherry Seiwert, executive director of the Indiana Housing and Community Development Authority, replaces longtime leader Tamara Zahn, who announced in February that she would leave once a successor was found.

City parks foundation chooses new president

The Indianapolis Parks Foundation has selected Tanya Husain as its new president, the group announced Monday. Husain will replace retiring parks foundation president Cindy Porteous.

Company news

Investors gave a cheer to WellPoint Inc.’s $4.9 billion deal to acquire Amerigroup Corp., a Virginia-based Medicaid managed care company. Shares of the Indianapolis-based health insurer shot up more than 5 percent in pre-market trading Monday and were still up 3 percent after 1 p.m. even as the broader markets fell slightly. Investors and analysts like the fact that WellPoint is playing more aggressively in government-sponsored health plans, such as Medicaid and Medicare, which are projected to be the areas for growth the next several years. “This acquisition aligns WellPoint much better with where the market is heading in terms of customers and markets,” Credit Suisse analyst Charles Boorady said during a conference call Monday morning. The deal will bring WellPoint more than 2.6 million Medicaid members in 12 states—more than doubling the 1.9 Medicaid members the company now manages. The combined companies would be the largest provider of Medicaid managed care in the nation. Medicaid is a health insurance program for the poor funded jointly by states and the federal government. Along with the federal Medicare program for seniors, it is expected to be a key driver of growth for health insurers over the next few years.

Meadows Community Foundation will develop a 70,000-square-foot Health & Wellness Center in the Avondale Meadows Community on Indianapolis’ northeast side.  The nearly $20 million facility is part of a 100-acre neighborhood revitalization within the Meadows area, financed in part by a group started by superstar investor Warren Buffet. The new center will include an 18,000-square-foot health clinic operated by Indianapolis-based HealthNet Inc. and a 32,000-square-foot outpost of the YMCA. The center will provide early-learning classrooms for children, as well as youth mentoring and family programs.

Andrew Saykin, director of the Indiana University Center for Neuroimaging, is serving as principal investigator for a new nationwide research project to understand the genetics of Alzheimer’s disease. The researchers will sequence the genomes of more than 800 older adults who are currently part of the Alzheimer’s Disease Neuroimaging Initiative, an 8-year-old project to find biological markers that indicate when Alzheimer’s is developing. The National Cell Repository for Alzheimer's Disease at the Indiana University School of Medicine will serve as the storage site for the DNA samples collected around the country for the initiative. “This is the equivalent of going from a good quality map of the United States to having the detailed blueprints for everything within our borders,” Saykin said in a statement.

Eli Lilly and Co. received an extra six months of marketing exclusivity in the United States for its antidepressant Cymbalta, its biggest-selling drug. The Indianapolis-based drugmaker said marketing exclusivity on Cymbalta will now expire in December 2013, which means cheaper generic copies of the drug will not be approved until then. The extension likely will give Lilly an extra $2 billion in sales, according to the Associated Press. The drugmaker said the U.S. Food and Drug Administration had determined that Cymbalta meets requirements for a pediatric exclusivity extension even though Cymbalta is not approved for use in children. U.S. sales of Cymbalta totaled $1.8 billion in the fourth quarter of 2011 and the first quarter of 2012. That was about three-quarters of all worldwide sales of the drug.

Erbitux, a cancer treatment made by Indianapolis-based Eli Lilly and Co.'s Imclone unit, failed to help patients with advanced stomach tumors in a late-stage clinical trial, according to the company that markets the drug overseas. Erbitux, when combined with two other medicines, didn’t extend the length of time that patients lived without their disease getting worse, said Germany-based Merck KGaA. Lilly and New York-based Bristol-Myers Squibb Co. market Erbitux in the United States and Canada, while Merck promotes it in all other markets. According to Bloomberg News, Lilly realized total revenue of $409 million from Erbitux in 2011.

Local providers join Medicare ACO program

Indiana University Health, as well as a partnership of Franciscan Alliance and American Health Network, have formed accountable care organizations that won the blessing of the federal Medicare Shared Savings program.

People

Jane Whinnery, a registered nurse, has been appointed director of the St. Vincent Trauma Program at the St. Vincent Indianapolis Hospital on West 86th Street. Whinnery was named the trauma performance improvement coordinator at the hospital in 2005. She holds a bachelor’s degree from Indiana University in Bloomington and has been in a master's program for health care management at Indiana Wesleyan University.

Fire strikes local home, twice

Indianapolis police are investigating a fire that burned down an Indianapolis home Monday morning, three hours after a possible arson attempt at the same house. Firefighters arrived at the scene in the 1700 block of West 65th Place about 3:15 a.m. and took an hour to put out the blaze. A resident said he put out a suspicious fire at the home earlier that night.

Heat blamed for local deaths

Authorities attributed at least three Indianapolis-area deaths to near-record temperatures. Saturday’s 105-degree temperature was 1 degree shy of the city’s all-time high, set July 14, 1936. Marion County health officials blamed heat for the deaths of a 92-year-old man and a 54-year-old man Saturday. The older man was found dead inside his unventilated home with only a fan. The other man was found dead outside, near his residence.

Skull found in White River

A skull was found Sunday night in White River on the south side of Indianapolis. A fisherman said he found the skull about 6 feet from the east bank near West Raymond Street and Bluff Road. The skull was turned over to the coroner’s office.

Hauke receiver files suit against his former accounting firm

The lawsuit accuses convicted money manager Keenan Hauke’s former accounting firm of negligence for failing to monitor Hauke’s bank accounts, enabling him to use investor funds for his personal use. Hauke was sentenced in March to 10 years in prison.

WellPoint shares jump after $4.9B deal for Amerigroup

Investors and analysts like the fact that WellPoint is playing more aggressively in government-sponsored health plans, such as Medicaid and Medicare, which are projected to be the key sectors for growth for the next several years.

Rolls-Royce wins $183M Army contract

The British manufacturer, which produces aircraft engines in Indianapolis, has scored a $183 million contract to service engines for the U.S. Army’s OH-58D Kiowa Warrior scout helicopters, the company announced Monday morning.

You-review-it Monday

What did you hear, see or do this weekend? And what do you think the crowd of sci-fi fans at InConjunction picked as the favorite end-of-the-world/dystopia movie?