Residential
The average rate for 30-year mortgages fell from 4.25 to 4.24 percent for the week ended Dec. 7, according to Bankrate.com. The rate for 15-year mortgages was stable at 3.48 percent.
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Sales/acquisitions
Caine Turley Real Estate LLC bought an 8,800-square-foot industrial building at 16469 Southpark Drive, Westfield. The price wasn’t disclosed. The buyer was represented by J.D. Graves of CBRE. The seller, Fifth Third Bank, was represented by Chris Price of Keller Williams.
Construction
Dixon Construction Group has been hired to oversee the construction of a 42,000-square-foot addition to Genesis Plastics Welding at 720 E. Broadway, Fortville.
Leases/leasing contracts
-Fresnius Medical Care leased 21,673 square feet at 1320 City Center Drive, Carmel. The tenant was represented by Tim Norton and Jon Jessup of Summit Realty Group. The landlord, Panattoni, was represented by R.J. Rudolph and Tom Osborne of Colliers International.
-Restaurant Technologies Inc. leased 13,095 square feet of industrial space at 7998 Centerpoint Drive. The tenant was represented by Frank McManus of UGL Equis. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.
-On Time Delivery Inc. leased 7,200 square feet of industrial space at 5146-5148 W. 79th St. The tenant was represented by J.D. Graves of CBRE. The landlord, Indy Flex Investors LLC, was represented by Kyle Powell and Bryan Poynter of Cassidy Turley.
-Flap Jacks leased 4,814 square feet of retail space at 6705 S. State Road 334, Zionsville. The tenant was represented by Paul Rogozinski of Veritas Realty LLC. The landlord, Duke Realty Corp., was represented by Jacque Haynes and John Byrne of Cassidy Turley.
-Ossip Optometry leased 3,641 square feet of retail space at 54 Monument Circle. The tenant was represented by Jacque Haynes of Cassidy Turley. The landlord, Lacy Diversified Industries Ltd., was represented by Stephen Adams of Hokanson Companies Inc.
-Wanzer Edwards PC leased 2,939 square feet of office space at 55 Monument Circle. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Winthrop Realty Partners LP, was represented by Bennett Williams, Pete Anderson and Andrew Martin of Cassidy Turley.
–John A. Overman, DDS, leased 2,702 square feet of office space at 3003 E. 98th St. The landlord, Tom Wood Inc., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Tully Bevilaqua LLC, dba Gym41, leased 2,700 square feet of industrial space at 5315 W. 86th St. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, Indy Flex Investors LLC, was represented by Bryan Poynter of Cassidy Turley.
-Yo Joy Frozen Yogurt leased 2,358 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road, Carmel. The landlord, CASTO, was represented by Jacque Haynes and John Byrne of Cassidy Turley. The tenant represented itself.
-Stratim Group Inc. leased 1,634 square feet of office space at 3755 E. 82nd St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, Clearwater Office LLC, was represented by Tom Hadley of Summit Realty Group.
-Senior Home Companions leased 1,511 square feet of office space at 8445 Keystone Crossing. The tenant and landlord, Northside Realty Partnership, represented themselves.
-SpinWeb leased 1,465 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Bryan Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
Carmel office/retail complex hurt by road project gets second chance
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
Illinois Senate considering CME Group tax breaks
The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber’s stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.
People
Indianapolis-based FirstPerson, a health benefits consulting firm, appointed Dan Hunt as president. Hunt was most recently CEO of Worldwide Logistics, a North Carolina-based specialty transportation company. Before that role, Hunt, 52, served as vice president of finance for Virginia-based Warren Trucking, where he led numerous acquisitions. Hunt holds a bachelor’s degree in accounting from Appalachian State University.
Dr. James G. Morphis, former chairman of the Indiana University Department of Radiation Oncology, died unexpectedly Nov. 30. He was 62. Morphis had retired in 2008.
Company news
The physicians in the nephrology division of the Indiana University School of Medicine have agreed to join IU Health Physicians, the giant medical practice created by a 2009 joint venture between the IU medical school and the Indiana University Health hospital system. A total of 28 physicians, along with their staffs, will now be known as IU Health Physicians Kidney Diseases. The practice serves adult kidney patients at several inpatient, outpatient and dialysis locations in the Indianapolis area. In addition, IU’s kidney transplant surgeons see patients at outreach locations throughout the state, including Evansville, Fort Wayne, Merrillville and Mishawaka. IU Health Physicians now employs 808 physicians. When it formed in 2009, the practice said it wanted to employ 1,200 physicians by the end of 2011, but it has fallen short of that goal. Other Indianapolis-area hospitals have been aggressively acquiring physician practices in an effort to lock in patient referrals and to better coordinate care among various medical facilities.
Barbershops in Indianapolis have partnered with Purdue University in a new effort to reduce the number of deaths from prostate cancer, particularly among blacks and Hispanics. The Purdue University Center for Cancer Research announced the Affecting Cancer Together program will connect people to free prostate cancer screenings, as well as information and resources aimed to raise awareness of the cancer and help patients prevent it. Barbers in the program have volunteered to approach their clients, friends and family to raise awareness of prostate cancer and dispel myths about the screening process. Purdue officials said barbershops are the right venue for the program because they are community hubs where individuals are comfortable and accustomed to having frank conversations.
Ball State: Diabetes rising at alarming rate
In 1993, only 3.8 percent of Hoosier adults had full-blown diabetes, compared with 9.8 percent today.
Medical Mutual eyes Indiana for growth
Health insurer expects enrollment in its health plan to grow 30 percent next year, to nearly 21,000. And then it expects growth of another 40 percent.
FedEx set for busiest day
FedEx Corp., which has about 4,000 workers in Indianapolis, expects Monday to be its busiest day of the year. The company estimates more than 17 million packages will be shipped during the day, up 12 percent from the busiest day of 2010. An increase in online sales for Christmas is boosting package volume. The Indianapolis FedEx hub is the company’s second-busiest.
Police investigate fatal shootings
Indianapolis police are investigating the deaths of two men who were shot Sunday evening near 37th Street and Capitol Avenue. Police responding to a call of gunshots being fired at 7:20 p.m. found Prince Bibbs, 23, lying on the sidewalk and Rico Hawkins, 37, lying on the front porch of a nearby home. Both victims were pronounced dead at the scene.
Tebow could give Indy a huge economic lift
If the Denver Broncos somehow make it to the Super Bowl at Lucas Oil Stadium Feb. 5, TV viewership for the event will likely be a record high. Throw in undefeated Green Bay as the opponent, and Indianapolis will be the epicenter of a global media frenzy.
Honda has high hopes for new Acura model made in Indiana
Honda Motor Co., seeking to revive its Acura luxury brand, is introducing a sedan intended for younger buyers unable to afford higher-end autos.
Fair Finance investors object to Brizzi settlement
The investors argue that a bankruptcy trustee’s settlement reached last month with former Marion County Prosecutor Carl Brizzi could extricate Brizzi from lawsuits they’ve filed against him.
Area home-sale deals make November jump
The 7.2-percent increase last month in Indianapolis home-sale agreements marks the seventh straight month of year-over-year increases, according to a report from F.C. Tucker Co.
Parker resigning as state Democratic Party chairman
Dan Parker said Monday morning that he will step down as chairman of the Indiana Democratic Party after a seven-year tenure that included big political highs—including President Barack Obama’s 2008 victory in the state—but recent lows as well.
Grand jury indicts former state utilities chief Hardy
David Lott Hardy, who was fired from his job as chairman of the Indiana Utility Regulatory Commission in 2010, is accused of official misconduct.
Illinois lawmakers under gun over CME tax breaks
Lawmakers in Illinois, where major employers are threatening to leave the state if their tax burden isn’t reduced, return to Springfield on Monday to consider what they probably can’t afford to do.
Mayors back transit tax hike in Marion, Hamilton counties
Indianapolis Mayor Greg Ballard, Carmel Mayor Jim Brainard say more local transit options are needed despite the steep cost. A ballot referendum would be required so voters could consider a 0.3-percent income-tax increase to pay for a $1.3 billion project.