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IFD probes string of suspicious fires

Indianapolis arson investigators are looking into four fires that broke out in quick succession Tuesday morning on the city’s near-east side. The first two blazes, reported at 4:38 a.m., were located in the 200 block and 300 block of North Beville Avenue, near the intersection of North Keystone Avenue and East New York Street. At 4:56 a.m., crews were called to a trash fire near a residence in the 500 block of Keystone. And at 4:59 a.m., a building at the corner of New York and North Walcott Street caught fire—apparently after it was struck by a burning object, said Indianapolis Fire Department spokesman Lt. James McNair.

Central Indiana housing market enjoys strong May

In May, pending sales of existing homes in the Indianapolis area increased 7 percent from the same month last year while building permits for new construction rose 20 percent.

Work delayed on new Purdue engineering hall

University officials overseeing plans for the $38 million Wang Hall of Electrical and Computer Engineering had hoped to start construction in early May but now say a September start is likely.

WellPoint rivals to keep parts of health care law

Some of the nation's biggest health insurers will keep some popular parts of President Barack Obama's health care overhaul even if the law fails to survive U.S. Supreme Court scrutiny later this month. Indianapolis-based WellPoint will wait for the court ruling.

Columbus auto parts maker plans to add 50 jobs

NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional equipment for its 1-million-square-foot facility.

Carmel performing arts center hiring CEO from Tennessee

A spokesman for Center for the Performing Arts in Carmel on Monday afternoon confirmed that it has hired Tania Castroverde Moskalenko, executive director of the Germantown Performing Arts Centre in Germantown, Tenn., near Memphis, to replace Steve Libman.

Lilly chases Novo in insulin race

Eli Lilly and Co. announced positive results for an experiemental insulin at the annual American Diabetes Association conference in Philadelphia, but was still upstaged by Denmark-based Novo Nordisk A/S.

Company news

Elanco, the fast-growing animal health division of Eli Lilly and Co., wants to add 200 jobs at its headquarters in Greenfield, but says it needs taxpayer assistance to do it, according to the Greenfield Daily Reporter. Elanco asked the Greenfield City Council for a 10-year tax abatement on a $14 million expansion, which would add two buildings to the corporate campus Elanco opened in 2010. Elanco employs 475 workers there now, paying average slaries of $80,000. Elanco projects it would hire the 200 additional administrative employees—who would oversee the company’s marketing, manufacturing, finance and other operations—by the first half of 2015. The new jobs would pay on average $60,000 apiece. Elanco has been growing rapidly through both increased sales of its products for livestock and pets, as well as through acquisitions. Elanco’s revenue last year grew 21 percent to nearly $1.7 billion.

Minnesota-based UnitedHealthcare revamped its myHealthcare Cost Estimator tool for its customers in Indianapolis and 46 other markets, and now provides cost estimates based on the health insurer's actual contracted rates with physicians, hospitals, clinics and other health care providers. The cost estimator tool covers more than 100 common treatments and procedures, factoring in a UnitedHealthcare member’s specific benefits plan. It also allows health plan members to compare cost and quality information between different hospitals and physicians. And the tool even points out alternative treatment options that a patient might consider. “myHealthcare Cost Estimator meets a longstanding consumer need for thorough but simple online comparison shopping for health care by putting relevant information right at people’s fingertips,” UnitedHealthcare's Yasmine Winkler, chief product and marketing officer, said in a prepared statement. Many health insurers are rolling out tools to help consumers gauge cost and quality before making decisions on health care. This year, Indianapolis-based Anthem Blue Cross and Blue Shield expanded to more than 100 the procedures its cost-comparison tool covers. Anthem also rolled out a program in which employers can give its workers a cash payment each time they use the cost comparison tool before seeking care.

Indiana medical device companies enjoyed at least a symbolic victory last week when the Republican-led House of Representatives voted to repeal the 2.3 percent medical device tax that was part of the 2010 health reform law. The tax, estimated to raise $29 billion over the next decade, is scheduled to take effect next year. Indiana has more than 300 medical device manufacturers, employing almost 20,000 people, including Zimmer Holdings Inc., Biomet Inc., Cook Group, DePuy Orthopaedics Inc., Hill-Rom Inc. and Roche Diagnostics Corp. The repeal is not likely to even come up for a vote in the Senate, and if it does, will almost certainly be defeated by the Democrat-controlled chamber. Also, a repeal of the tax likely faces a veto from President Obama. However, the repeal vote is a sign of Republicans’ attempts to scale back the health care law that passed without a single Republican vote. The U.S. Supreme Court is expected to rule this month on the law’s constitutionality.

Construction

-Halakar Construction has completed a 9,053-square-foot office build-out for Gallagher Health Benefits at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.

-Halakar Construction has completed a 9,000-square-foot office build-out for Exodus Refugee Immigration at the Circle City Industrial Complex, 1125 Brookside Ave.

-Halakar Construction has completed a 1,500-square-foot office build-out for Perio Indy at Sycamore Springs Office Park, 4715-4755 Statesmen Drive.

Residential

The average rate for 30-year mortgages fell from 3.94 percent to 3.92 percent for the week ended June 6, according to Bankrate.com. The rate for 15-year mortgages rose from 3.15 percent to 3.16 percent.

Leases/leasing contracts

-Jones Lang LaSalle has been appointed exclusive leasing agent for Lake Pointe II, at 8440 Allison Pointe Blvd., and Woodland Center I and II, 8275 and 8335 Allison Pointe Trail. The office properties total 215,961 square feet. John Robinson and Jimmy Clark are in charge of leasing the properties for Jones Lang LaSalle.

-Lovett Pallet LLC leased 72,490 square feet of industrial space at 217 S. Belmont Ave. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Material Handling Exchange, represented itself.

-Aircom Manufacturing leased 35,000 square feet of industrial space at 2402 N. Shadeland Ave. The tenant was represented by Bart Book, Todd Vannatta and George Charbonneau of Cassidy Turley. The landlord, Shadeland South Business Park, represented itself.

-IDI Composites International renewed its lease for 9,750 square feet of industrial space at 3477 E. Conner St., Noblesville. The tenant was represented by Walter Freihofer of Freihofer Inc. The landlord, Kahlo III LLC, was represented by Bob Lindgren of Lee & Associates.

-American Mattress leased 6,315 square feet at North Willow Commons, 1410-1518 W. 86th St.  The tenant was represented by Jeff Haas of Julius M. Fineblum Real Estate. The landlord, Broadbent Co., was represented by Broadbent's John Beuoy.
 
-American Healthcare Group Inc. leased 3,500 square feet of office space at 2920 E. 96th St. The tenant was represented by Darrell Pike of Pike Real Estate Services LLC. The landlord, Jean M. Weber Trust, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Accelerated Health Systems leased 3,200 square feet at Fishers Town Commons, 8211 and 8235 E. 116th St., Fishers. The tenant was represented by Jonathan Sharp of HSA Commercial Real Estate. The landlord, Broadbent Co., was represented by Brian Broadbent.

-Game Time leased 2,638 square feet at Castleton Plaza, 6314-6398 E. 82nd St.  The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.

-Firehouse Subs leased 2,400 square feet at Brownsburg Village, 124 E Northfield Drive, Brownsburg. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, BVSC LLC, was represented by Jodi Milto of Midland Atlantic.  

-Atlas Family Dental leased 1,613 square feet at Raceway Crossing, 10934-10976 E. U.S. 36, Avon. The tenant was represented by Jim Austin of Revel Underwood.  The landlord, Broadbent Co., was represented by Brian Broadbent.

-Nutricion Y Salud leased 1,600 square feet at Lafayette Shoppes, 3840-3882 Lafayette Road. The landlord, Broadbent Co., and was represented by Brian Broadbent. The tenant represented itself.

-Runners Forum leased 1,547 square feet at The Shoppes at 141st Street, 14005-14099 Mundy Drive, Fishers. The landlord, Broadbent Co., was represented by Brian Broadbent. The tenant represented itself.

-Sweet Treats leased 1,400 square feet at Avon Crossing, 7900 E. U.S. 36, Avon.  The landlord, Cranfill Development Corp., was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.

-Bernard Health LLC leased 1,229 square feet of retail space at Nora Plaza, 1300 E. 86th St., Suite C-150. The tenant was represented by Andrew Clifford of Clifford Realty. The landlord, Ramco Gershenson Inc., represented itself.
 
-Eclipse Hair leased 900 square feet at Castleton Plaza, 6314-6398 E. 82nd St.  The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.