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Construction

-Capitol Construction has completed a 2,200-square-foot office build-out for Selective Insurance, 11611 N. Meridian St., Carmel.

-Alt Construction has completed a 2,450-square-foot build-out for Yogurtz at Hamilton Crossing, Suite 12561, Carmel.

-Alt Construction has completed a 4,939-square-foot build-out for Stacked Pickle restaurant, 11621 Fishers Station Drive, Fishers.

-Alt Construction has completed a 23,500-square-foot build-out for REI at 8490 Castleton Corner Drive.

People

Jason Brown has transferred from the Detroit office of CBRE to the Indianapolis office, where he will serve as a vice president of CBRE Capital Markets, Debt and Equity Group.

Residential

The average rate for 30-year mortgages was unchanged at 4.18 percent for the week ended Jan. 11, according to Bankrate.com. The rate for 15-year mortgages fell from 3.40 percent to 3.38 percent.

Leases/leasing contracts

-KYB America LLC leased 153,748 square feet of industrial space at Southpoint Building 1850 N. Graham Road, Greenwood. The tenant was represented by Sean McHale and Mark Bell of Colliers International. The landlord, IDI, was represented by Jeremy Woods of Summit Realty.

-Sky Zone Indoor Trampoline Park leased 25,066 square feet of industrial space at Fishers Ridge Business Park, 10080 E. 121st St., Fishers. The tenant was represented by Sean McHale of Colliers International.  The landlord, McNulty Group, represented itself.

-Enertouch Inc. leased 12,200 square feet of industrial space at Park 100, Building 111, 7168 Lakeview Parkway Drive. The tenant was represented by Bob Dominguez of Colliers International. The landlord, Dugan Financing LLC, was represented by Kate Willen of Duke Realty.

-Dollar Tree renewed its lease for 7,295 square feet of retail space in Norgate Plaza, 7225 N. Keystone Ave., Suite D. The tenant and landlord, Sandor Development, represented themselves.

-Ay Caramba leased 3,280 square feet of retail space in Indy Pavilions, 7035 E. 96th St., Suite P. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Kiwi-Tek leased 2,863 square feet at 8900 Keystone Crossing. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.    

-SHI International Corp. leased 2,185 square feet at 8900 Keystone Crossing. The tenant was represented by Denice Michael of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Redwing Shoes renewed its lease for 1,820 square feet of retail space in East 40 Plaza, 8524 E. Washington St. The tenant and landlord, Sandor Development, represented themselves.

-Yo Paradise leased 1,600 square feet of retail space in North by Northeast at 7810 E. 96th St., Fishers. The tenant and landlord, NNE Associates LLC, were represented by Robyn Smart of Lee & Associates.

-Spartan Staffing leased 1,500 square feet of retail space in Lebanon Crossing, 1375 Lebanon St., Lebanon. The landlord, Lebanon 39 LLC, was represented by Robyn Smart of Lee & Associates. The tenant represented itself.

-Wok N Roll leased 1,200 square feet at Riverplace Center, 180 W Logan St., Noblesville. The landlord, Inland Real Estate LBI LLC, was represented by John Baker and Larry Davis of Sitehawk Retail Real Estate. The tenant represented itself.

-Boost Mobile leased 1,249 square feet of retail space at 7063 N. Michigan Road. The landlord was represented by Drew Kelly of Sandor Development. The tenant represented itself.

-Car Care renewed its lease for 1,100 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.

Sales/acquisitions

-Sahil LLC bought a 7,969-square-foot retail building at 5044 Bancroft Lane, Greenwood. The price wasn’t disclosed. The buyer was represented by Cathy Richards of Lee & Associates. The seller, Aspen Gold-Greenwood, was represented by Brad Untrauer of Baldwin Cos.

-RT Properties LLC bought 7 acres at Post Road and Harrison Park Drive in Fort Harrison. The price wasn’t disclosed. The buyer and seller, Bloomfield State Bank, were represented by Pat Boyle of Midland Atlantic.

Explosion leaves thousands without power

A faulty breaker at a downtown Indianapolis Power and Light substation caused an explosion Monday morning, leaving 9,000 customers without power. Power at the West and Morris streets substation was cut off so that fire crews could extinguish a fire. IPL was able to restore power after about 45 minutes.
 

People

St. Vincent Health named Gary Fammartino as the administrator of St. Vincent Fishers Hospital, beginning in February. The new hospital will open in 2013 as an expansion of the medical office building and emergency department St. Vincent operates in Fishers. Since 2008, Fammartino has been the St. Vincent system’s executive of ambulatory and outpatient services. Fammartino holds degrees in education, respiratory science and business administration from Youngstown State University.

Dr. Paul Broderick, the owner of Central Indiana Proctology in Martinsville, has joined St. Francis Medical Group. Broderick, who is the former chief of surgery at Indiana University Health Morgan Hospital, has practiced in Martinsville since 1995. He received a bachelor's degree from Ball State University and did his medical training at the Kirksville College of Osteopathic Medicine.

Daniel B. Woloszyn has been named CEO of the Rehabilitation Hospital of Indiana by its joint owners, Indiana University Health and St. Vincent Health. Woloszyn will take over for Sidney Norton, the chief financial officer for Rehabilitation Hospital, who has been serving as RHI’s interim CEO since September 2010. Woloszyn spent the past eight years as CEO of Van Matre HealthSouth Rehabilitation Hospital in Rockford, Ill. Woloszyn holds doctorates in clinical and health psychology from the Illinois School of Professional Psychology in Chicago.

Guard members prepare for deployment

Seventy members from the Indiana Army National Guard took part in an emotional send-off Sunday at the Lawrence Armory. The 76th Infantry Brigade Combat Team is preparing to deploy to Afghanistan. The ceremony honored four National Guard members from Indiana killed earlier this month by a roadside bomb in Afghanistan.
 

Greenwood police seek bank robber

Greenwood police are investigating a bank robbery. According to police, a man wearing a baseball cap and blue jeans walked into the Heartland Community Bank on State Road 135 about 3:45 p.m. Friday. The man handed a note demanding money to the teller. The teller complied and gave him an undisclosed amount of money. He fled on foot with the cash.
 

Jack in the Box opens first state location

A new fast-food option for Hoosiers opened Monday morning. Jack in the Box was greeted with a long line of customers when it opened its doors at U.S. 31 and County Line Road on the south side. The company has more than 2,200 restaurants in 20 states, but only one in Indiana. At least two more are expected to open in the area this spring.
 

Lechleiter bets history will repeat for Lilly

Eli Lilly and Co. CEO John Lechleiter keeps pouring more money into research and development, even as analysts note the payoff of such spending has dropped off 70 percent in the last decade.

Police to keep eye on Super Bowl drinking

Indiana excise police say officers will be watching partiers to make sure public drinking doesn't get out of hand during the Super Bowl in Indianapolis.

Company news

Roche Diagnostics Corp. is ramping up cargo shipments between the U.S. and Europe, securing a third weekly Cargolux flight at Indianapolis International Airport to ship its medical products overseas. The flight, which began Jan. 15, is the first scheduled Cargolux flight to depart Indianapolis and fly nonstop to Europe–opening up new export capabilities from central Indiana. Currently, Cargolux Airlines International operates two inbound flights from Luxembourg to Indianapolis, each Wednesday and Friday. Boeing 747 freighters typically take on Roche’s chemical reagents and medical devices and then stop in Chicago or other cities before heading back to Europe. The outbound Boeing 747 will have room for additional cargo, which Roche hopes to grow into, but it also could be used by other companies shipping products to Europe. Roche, based in Switzerland, operates its North American headquarters out of Indianapolis.

AIT Laboratories, one of the area’s fastest-growing companies in recent years, is now eliminating jobs. The Indianapolis-based forensics and clinical testing company won’t say how many, but officials admit its business got pinched in 2011 and now it is trying to restructure. “AIT has seen reimbursement from government and private payers reduced throughout 2011, which has had a negative financial impact on the company,” CEO Michael Evans said in a prepared statement. The job cuts are a turnabout from 2010, when AIT said it planned to create as many as 160 positions by 2014 and invest $74 million to equip a 90,000-square-foot building at Woodland Corporate Park as a new headquarters and lab. The Indiana Economic Development Corp. offered AIT up to $1.8 million in performance-based tax credits to help with the expansion. AIT had boasted as many as 500 employees recently. Some pharmacy industry websites have been buzzing with talk about “massive” job cuts at AIT, with claims of as many as 100 furloughs. AIT officials would not confirm or deny those numbers.

A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant on the south side of Terre Haute. NantWorks LLC plans to invest $85.5 million to redevelop the facility. The manufacturing plant, which is expected to be operational in 2015, will produce cancer drugs and injectable medicines for use in critical care settings. Pfizer employed more than 800 workers at the site before closing in 2008. NantWorks officials say scientists, chemists and engineers employed by the plant will earn an average annual salary of about $51,000.

Warsaw-based Zimmer Holdings Inc. acquired Synvasive Technology Inc., which makes Stablecut surgical saw blades and a soft tissue balancing system for knees. Zimmer did not disclose the price it paid for Synvasive, a privately held company based in Reno, Nev. Zimmer has annual sales of more than $4 billion and sells its orthopedic implants in more than 25 countries.

At long last, Roche wins approval of Nano

The OK for a new blood glucose monitor comes more than two years after FDA officials declined to approve a previous version of the Nano, which in rare cases generated inflated blood sugar readings because it did not distinguish properly between the sugars glucose and maltose.

CIB expects to lose money during Super Bowl

The Capital Improvement Board, which manages Lucas Oil Stadium, is budgeting for an $810,000 loss on expenses related to the game. The city, however, expects a $200 million economic impact.

Indiana House panel backs fines on access violators

A bill that would allow fines of up to $500 against government officials found to have blatantly violated the state's open meetings or open record laws has been endorsed 11-0 by an Indiana House committee.