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Residential

The average rate for 30-year mortgages fell from 3.91 percent to 3.89 percent for the week ended June 20, according to Bankrate.com. The rate for 15-year mortgages fell to 3.16 percent from 3.17 percent.

Leases/leasing contracts

-The Restaurant Store leased 25,317 square feet of retail space at Lafayette Place, 3708 Commercial Drive. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Liberty Mutual leased 23,507 square feet at Meridian Mark I, 11611 N. Meridian St., Carmel. The tenant was represented by Mark Stables of Grubb and Ellis. The landlord, Zeller Realty Group, was represented by Zeller’s Mark Vollbrecht and Tristan Glover.

-Flowers Baking Co. of Morristown LLC leased 11,218 square feet of industrial space at 3131 N. Franklin Road. The tenant was represented by Todd Vannatta and Bart Book of Cassidy Turley. The landlord, International Metals Processing LLC, represented itself.

-Security Equipment Supply leased 8,144 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-Crossroads Lighting LLC leased 6,000 square feet of industrial space at 2525 N. Shadeland Ave. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.
 
-United Package Liquors leased 4,200 square feet of retail space in Stafford Crossing Shopping Center, 2230 Stafford Road, Suite 121, Plainfield. The tenant was represented by Adam Hill of United Package Liquors. The landlord, LOR Corp., represented itself.

-IU Health leased 3,200 square feet of office space in Stafford Crossing Shopping Center, 2230 Stafford Road, Plainfield. The tenant was represented by Rebecca A. Harpe of Harpe & Co. LLC. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services.  

-Metrology Support Systems LLC leased 1,747 square feet of industrial space at 9855 Crosspoint Blvd. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.  

-Dr. Joseph Hadley DDS leased 1,600 square feet of office space in Geist Crossing North Shopping Center, 9850 E. 79th St. The tenant was represented by Bill Scott of UGL Equis. The landlord, LOR Corp., represented itself.   

-Mr. Dan’s restaurant leased 1,500 square feet of retail space in Washington @ Post Shoppes, 8975 E Washington St., Suite 102. The landlord, LOR Corp., was represented by Brett Burch of Valenti Real Estate Services. The tenant represented itself.

-Cesar’s Group Fitness Studio leased 1,500 square feet of retail space in 96th Street Station Shopping Center, 9546 Allisonville Road, Suite 117. The tenant was represented by Tracey Holtzman of Midland Atlantic. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley.

-Chiropractor David Bax renewed his lease for 1,389 square feet of office space in Eagle Highland Office Park, 3945 Eagle Creek Parkway. The tenant was represented by Steve Beals and Richard King III of Lee & Associates. The landlord, Healthcare Trust of America Inc., was represented by Jim Mount of Hokanson Cos. Inc.

Sales/acquisitions

-Promise Ventures LLC bought a 2,030-square-foot office space at Promise Road Business Park, 12574 Promise Creek Lane, No. 122. The price was not disclosed.  The buyer was represented by David Downs of Pursuit Realty. The seller, Promise Road Business Park LLC, was represented by Paul Dick and Kevin Dick of Colliers International.

-Dairy Queen Grill & Chill bought a 1.34-acre outlot at Deer Creek Point, 13647 Olivia Way, Fishers. The price was not disclosed. The buyer was represented by Jim Abel of Lee & Associates. The seller, Fishers Shoppes LLC, was represented by Rob Warstler of Colliers International.
    
-Last Chance Wrecker & Sales Inc. bought a 15,000-square-foot industrial building at 1256 Roosevelt Ave. The price was not disclosed. The buyer was represented by Bill Brennan of Lee & Associates. The seller, GRS Indiana Inc., was represented by Russ Zimmerman of NAI Meridian Real Estate.

Electronic health records bring $135M to Indiana

The federal stimulus program to speed “meaningful use” of electronic medical records is starting to generate significant cash for Indiana health care providers: More than $135 million has flowed to more than 2,000 Hoosier hospitals and doctors since January 2011.

ACLU: Arizona ruling shows Indiana law is invalid

A lawyer who challenged Indiana's immigration law in federal court says the U.S. Supreme Court's decision blocking part of a similar law in Arizona shows the Indiana law is unconstitutional.

Pets rescued from Fountain Square fire

A fire damaged two homes and displaced seven Fountain Square residents Sunday afternoon. Indianapolis firefighters were called to the 800 block of Dawson Street about 4:15 p.m. Two homes were already on fire when fire crews arrived and they had to aggressively battle the blaze to prevent it from spreading to other homes. Firefighters rescued multiple pets, including two snakes, two dogs, and a bird, from one of the homes. No injuries were reported. Officials are still investigating a cause of the fire.

Toddler injured in drive-by shooting

A 2-year-old girl was hospitalized Sunday night after being struck by gunfire near West 16th and North Tremont streets. The girl’s mother told police her daughter was in a child seat in the back of a car traveling near the intersection about 11:45 p.m. when she was shot in the leg by someone in another vehicle. Police say the shots were fired from a vehicle belonging to the woman’s ex-boyfriend.

Shootings leave two injured

Indianapolis police are investigating a shooting that took place on the northeast side Monday morning. Police said a person was shot multiple times at about 8:30 a.m. in the 2900 block of Andrew J. Brown Avenue, near Douglass Golf Course. The victim, who was unconscious but breathing, was taken to Methodist Hospital in unknown condition. Police detained a suspect in connection with the shooting, who also suffered a gunshot wound.

People

Senior Health Insurance Company of Pennsylvania and Fuzion Analytics Inc., both of which operate out of Carmel, appointed Patrick Bogan as chief information officer. Senior Health Insurance was created by the Pennsylvania Department of Insurance in 2008 to take over troubled long-term-care policies from Carmel-based CNO Financial Group Inc. Fuzion is a data mining and analytics firm that serves long-term-care insurers. Bogan previously worked for Senior Health Insurance from 2008 to 2011. He holds a bachelor’s degree in computer information systems from Purdue University.

Judge orders Durham, Cochran jailed until sentencing

Convicted Ponzi schemers Tim Durham and James Cochran will be held in a federal prison until sentencing, while accomplice Rick Snow will be confined under home detention, under an order issued Monday afternoon by U.S. District Judge Jane E. Magnus-Stinson.

Company news

The Indiana University Center for Aging Research and the Indianapolis-based Regenstrief Institute Inc. won a $7.8 million award from the federal government to expand a mental health program for seniors throughout Marion County. A pilot of the program at Wishard Memorial Hospital was shown to reduce participating patients’ emergency room visits 45 percent and hospitalizations 54 percent. The program uses home visits, phone calls and e-mails—both to patients and to their family members—to cut out dangerous medications and daily stressors and to boost brain and physical exercise. The new funding, awarded by the Centers for Medicare & Medicaid Services, will expand the program to more than 2,000 Medicare patients at 11 community health centers operated by Wishard.

Anderson-based Saint John’s Health System announced a name change and a new $27 million surgery department to its hospital. Beginning Jan. 1, Saint John’s will be called St. Vincent Anderson Regional Hospital. The hospital system has for nearly a decade been part of the Indianapolis-based St. Vincent Health network of hospitals, which is a subsidiary of St. Louis-based Ascension Health. Hospital leaders said the new name will better reflect that the hospital serves patients from a wider area, which extends beyond Anderson and Madison County. The regional expansion is driving the need for more operating space. So the new surgery department will include at least nine operating suites, which Saint John’s plans to use to bring in newer technology and recruit more physicians.

St. Catherine Regional Hospital of Indiana LLC near Louisville has filed for bankruptcy protection and plans to sell the hospital as an ongoing operation. The 96-bed hospital has $8.3 million in unpaid debts, but less than $1 million in assets. In the 12 months ended in April, the hospital had an operating loss of nearly $1.3 million, according to court filings. According to the News and Tribune of Jeffersonville, St. Catherine is the second hospital in Clark County to declare file for bankruptcy protection recently. Kentuckiana Medical Center filed for Chapter 11 bankruptcy protection in September 2010, but recently announced it has secured $40 million in funding that will bring it out of bankruptcy. St. Catherine has $40 million in annual patient revenue and employs 284 people.

Evansville-based Welborn Health Plans announced last week it would exit the Indiana and Kentucky health insurance markets by year’s end, and recommended that its employer customers shift to Anthem Blue Cross and Blue Shield. Welborn said it is exiting the business because changes in health insurance would require significant investments in its staff and systems to maintain a high level of customer service. Welborn insures 30,000 people through its employer clients. The two insurers signed an agreement to help Welborn customers transition smoothly.

The University of Notre Dame received $5 million to fund adult stem cell research from alumnus Michael Gallagher and his wife, Elizabeth, who live in Denver. The gift will fund three new endowed professorships in adult and other non-embryonic forms of stem cell research. Notre Dame already has built a team of researchers focused on adult stem cell research, which it supports over embryonic stem cell research—sparking controversy because the Catholic Church views the destruction of an embryo as destruction of a human life.

Home Health Depot Inc., which ranked as the fifth-fastest-growing company in Indianapolies last year, tacked on even more girth this month by acquiring Fort Wayne-based Medical Mobility LLC. The retailer sells durable medical supplies with a focus on complex rehabilitation equipment. That store will now be consolidated with Home Health Depot’s existing Fort Wayne store. Financial terms of the deal were not disclosed. This is Home Health Depot’s third acquisition this year. In February, Home Health Depot acquired a majority interest in Advanced Rehab Technologies LLC, the largest provider of complex rehabilitation equipment in Iowa. And in April, Home Health Depot acquired the assets of RCS Management Corp.’s in-home respiratory and sleep therapy business.

Court rejects corporate campaign spending limits

The U.S. Supreme Court on Monday reaffirmed its 2-year-old decision allowing corporations to spend freely to influence elections. The justices struck down a Montana law limiting corporate campaign spending.