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Residential

The average rate for 30-year mortgages fell from 4.21 percent to 4.18 percent for the week ended Jan. 4, according to Bankrate.com. The rate for 15-year mortgages fell from 3.44 percent to 3.4 percent.

People

Glenn Davis has joined Colliers International as senior vice president of the industrial services and corporate services groups.

Leases/leasing contracts

-Wells Fargo Advisors LLC leased 33,998 square feet at 8888 Keystone Crossing. The tenant was represented by Brian Askins of UGL-Equis. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-OfficeMax renewed its lease for 25,500 square feet of retail space in Cherry Tree Plaza, 9815 E. Washington St. The tenant and landlord, Sandor Development, represented themselves.
 
-Hallmark Home Mortgage leased 8,486 square feet at 9000 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
 
-Centerfield Management Inc. leased 4,823 square feet of office space at 10 W. Market St. The tenant was represented by Jeffrey Harris of NAI Meridian. The landlord, HDG Mansur, was represented by David Moore, Andrew Martin and Bennett Williams of Cassidy Turley.

-Advanced Physical Therapy leased 3,600 square feet of retail space at Brook School Shoppes, 11681 Brooks School Road, Fishers. The tenant was represented by John Crisp of Cassidy Turley. The landlord, C&W II, was represented by Rob Warstler and Greg Smith of Colliers International.

-Crossroads Martial Arts leased 3,200 square feet at Marketplace at Anson, 6625 South State Road 334, Zionsville. The tenant was represented by Joe Lonnemann of Ambrose Property Group. The landlord, Duke Construction LP, was represented by John Byrne and Jacque Haynes of Cassidy Turley.
 
-Protis Executive Innovations Inc. leased 3,154 square feet of office space at 50 E. 91st St. The tenant was represented by Scott Lindenberg of Echelon Realty Advisors. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.

-Miller & Fisher LLC leased 2,267 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.

-BrightStar Healthcare leased 2,053 square feet of office space at 9292 N. Meridian St. The tenant was represented by Dave Moore, Darrin Boyd and Spud Dick of Cassidy Turley. The landlord, Fairhill Realty LLC, was represented by Mary Anne Tobin of Acorn Group Inc.

-Access Insurance renewed its lease for 2,000 square feet of retail space in Honey Creek Plaza, 5322 W. 38th St. The tenant and landlord, Sandor Development, represented themselves.
 
-Lee Hecht Harrison LLC leased 1,998 square feet of office space at 8440 Woodfield Crossing Blvd. The tenant was represented by Ben Onderdonk of Mohr Partners. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.  
 
-Pure Barre leased 1,680 square feet of retail space at Boardwalk Shoppes, 726 Adams Street, Carmel. The tenant and landlord, KLC Realty LLC, were represented by Greg Smith of Colliers International.

-GNC leased 1,640 square feet at Centre West Retail Shops, 4557 Lafayette Road. The tenant was represented by Tom Hovanec of Hovanec Properties. The landlord, SKDC LAFA INDY LLC, was represented by Jacque Haynes of Cassidy Turley.

-United Metro Media LLC dba JobNews Inc. leased 1,595 square feet of office space at 3077 E. 98th St. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Cash Tyme renewed its lease for 1,007 square feet of retail space in River Ridge Plaza, 2200 S. Scatterfield Road, Anderson. The tenant and landlord, Sandor Development, represented themselves.

-Access Insurance renewed its lease for 1,000 square feet of retail space in West 40 Plaza, 2107 W. Washington St. The tenant and landlord, Sandor Development, represented themselves.

Sales/acquisitions

-Bibbs Realty Group LLC bought a 12,000-square-foot industrial building at 6837 E. 34th St. The price wasn’t disclosed. The buyer was represented by Andrew Clifford of Clifford Realty. The seller, David Warner, represented himself.

-Advanced Turf Solutions bought a 47,000-square-foot industrial building at 16565 River Road, Noblesville. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Fishers Services Co. LLC, was represented by Bart Book of Cassidy Turley.

Four area biz leaders to be inducted into hall of fame

Jim Irsay, Indianapolis Colts owner; Scott Dorsey, co-founder and CEO of ExactTarget; Cathy Langham, president of Langham Logistics Inc.; and Jerry Throgmartin, board chairman of HHGregg Inc. will join the Central Indiana Business Hall of Fame in February.

Indiana House panel advances right-to-work bill

A panel of Indiana lawmakers voted along party lines to move divisive right-to-work legislation to the full House of Representatives. It could pass the House by the end of the week if Democrats continue to attend sessions.

People

Indiana University Health Methodist Hospital hired Dr. Jeffrey Walker as its lead physician in the palliative care services department. A graduate of the IU School of Medicine, Walker spent most of the past three years as medical director of the Matthew 25 Health Clinic in Fort Wayne.

IU Health also hired Dr. Shiplee Sinha to be a staff physician in the palliative care services department under Walker. She graduated from Armed Forces Medical College in India and has been employed with IU Health Physicians as a hospitalist since 2006.

Stephen Wheatley, a registered nurse, has been named operations director of Franciscan St. Francis Health’s new Carmel hospital, at 12188 N. Meridian St. Franciscan St. Francis Health Carmel, opening in phases now through April 1, is designed as a short-stay medical center. It will have six inpatient beds and facilities for outpatient services. Wheatley has spent nearly 10 years as administrator of the Franciscan Surgery Center in Indianapolis. From 1990 to 2002, he was a surgical first assistant for Cardiac and Vascular Surgery Associates. Wheatley received his bachelor’s degree in nursing from Indiana University School of Nursing in 1980.

Company news

Executives at Bloomington-based Cook Group have never been fans of the $2.3 billion-a-year tax on medical-device manufacturers included in the 2010 health reform law. Late company founder Bill Cook even once said the tax could kill 1,000 jobs in Bloomington. Cook Chairman Steve Ferguson won’t go that far, but he insists the law is forcing Cook to grow outside the United States instead of at home. “You don’t want to say to your work force that you’re going to lay people off,” Ferguson told Bloomberg News. “The tax is going to result in growth in another location and not in the U.S.; that’s the way I see the impact on Cook.” The tax will be levied based on each company’s U.S. market share—regardless of how profitable the company is. Supporters of the tax have argued that it will indirectly help medical-device manufacturers do more business, because the 2010 health law uses that money to subsidize insurance coverage for an extra 30 million Americans. But Ferguson said Cook expects to receive no new business from the law. He noted that a large chunk of the newly insured will be young people, who most likely will have no need of Cook’s products. Also, Cook sells to hospitals not to consumers, and in many cases, previous laws have already required hospitals to provide medical devices to uninsured people who need them. “So it doesn’t increase the number of devices sold,” Ferguson said.

Chamberlain College of Nursing is opening a campus in Indianapolis with classes scheduled to begin Feb. 27. It is the first Indiana location for Illinois-based Chamberlain, which operates nine other campuses around the country. “Indiana will not be able to build a strong nursing work force if prospective nurses do not have adequate access to quality nursing education,” said Susan Groenwald, national president of Chamberlain. In Indiana, more than 12,000 additional nurses will be needed by 2018, according to the Indiana Department of Workforce Development. The Indianapolis campus, at 9100 Keystone Crossing, will offer a three-year bachelor’s program in nursing. The local campus will be led by Margaret Harvey, who previously served as interim dean of nursing at Davenport University in Iowa.

Indianapolis-based Healthx Inc., a provider of online health care portals to health insurers, medical providers and employers, has received a $22 million investment from a private-equity firm in Charlotte, N.C. Frontier Capital announced the investment on Jan. 5 and said the funding will support the company’s continued expansion. Founded in 1998, Healthx develops self-service communication and data integration portals for the health care and human resources industries. The company, in The Precedent Office Park on the north side, has 65 employees. Healthx President and CEO Greg Bell will continue to lead the company, Frontier Capital said. The transaction closed on Dec. 28.

Crash kills Shelbyville boy

A 7-year-old Shelbyville boy has died from injuries following a vehicle accident Saturday night. Nathan Gibson was a passenger in a vehicle struck by another vehicle at the intersection of North State Road 9 and Rampart Street about 6:30 p.m. The boy was a student at St. Joseph Catholic School. School officials said grief counselors would be available to students and staff Monday.

 

Scrutiny rises on Bankers Life

After the insurer's name went on Indianapolis' downtown arena, CBS News focused on how hundreds of Bankers Life’s long-term-care insurance policyholders have accused the company of having “beat them down with bureaucracy."

Shooting suspect in critical condition

Lyman Dawson, 22, who was shot by police officers late Saturday near downtown Shelbyville, is in critical condition in a hospital in Indianapolis. According to police reports, Dawson went on a short crime spree before being shot multiple times by three officers who said Dawson fired at least one shot at them. Before the shooting about 11 p.m., police say, Dawson tried to break into a car outside a Family Video Store, shot and injured a man in a nearby apartment, broke into one home, and smashed a basement window in another house. The man he shot, Ryan Rooks, suffered a minor gunshot wound to the leg. The Shelbyville officers involved in the shooting have been placed on paid leave pending an investigation.
 

Mooresville fire injures 1

One person was injured in a fire that heavily damaged a multi-unit house in downtown Mooresville early Monday morning. Three families were evacuated from the two-story structure, which caught fire about 1:30 a.m. One person was treated for smoke inhalation. Residents of a nearby apartment building also were evacuated, but firefighters were able to contain the fire to just one building. The cause of the fire is under investigation.
 

Man dies after driving into pond

A 65-year-old man died Monday morning after he lost control of his vehicle and drove into a Greenwood retention pond. Witnesses called 911 and tried to help the man trapped in the vehicle in the pond near East Stop 11 Road and South Arlington Avenue. Rescue crews eventually freed the unconscious man, but he was pronounced dead at St. Francis Hospital.

Pressure rises as Lilly tries squeeze play

Indianapolis-based Eli Lilly and Co. is now in the predicament of watching revenue fall as its patents on older products expire, even as the company needs to spend more money on marketing and research to boost sales of new drugs.

Towing company suing city over loss of contract

Interstate/Delaware & South Towing has filed suit against Indianapolis, charging breach of contract. The company, accused of numerous towing violations, faces suspension or revocation of its license.