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Joe Gowland and Nick Geiger have joined Capitol Construction Services as assistant project managers.
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Residential
The average rate for 30-year mortgages fell from 4.38 percent to 4.33 percent for the week ended Oct. 26, according to Bankrate.com. The rate for 15-year mortgages fell to 3.57 percent from 3.58 percent.
Not following directions could bite local hospital
Indianapolis-based Westview Hospital might be on the hook for $160,000 because its advisers used a fax machine to tell Lehman Brothers it was canceling a financial agreement.
Insurer Humana’s quarterly profit climbs 13 percent
Humana Inc. raised its 2011 earnings forecast, following the lead set by other big insurers, including competitor WellPoint Inc.
Leases/leasing contracts
-Lapmaster International LLC leased 24,562 square feet of industrial space at 9059 Technology Drive, Fishers. The landlord, Teddy and Julia Bates, were represented by Todd Vannatta and Bart Book of Cassidy Turley. The tenant represented itself.
-Keybank National Association leased 22,548 square feet of office space and 3,627 square feet of retail space at 10 W. Market St.. The tenant was represented by Mike Corr and Denice Michel of Jones Lang LaSalle. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Andrew Martin, Bennett Williams and Darrin Boyd of Cassidy Turley.
-The Tile Shop LLC leased 18,804 square feet at Greenwood Point, 8014-8080 S. U.S. 31. The tenant was represented by Bill Argall of Great Street Realty. The landlord, The Broadbent Co., represented itself.
-Today’s Furniture and Mattress leased 9,418 square feet at Greenwood Point, 8014-8080 S. U.S. 31. The tenant and landlord, The Broadbent Co., represented themselves.
-Family Dollar leased 8,400 square feet at Georgetown Plaza, 4825-4959 W. 38th St. The tenant was represented by Atwater Group. The landlord, The Broadbent Co., represented itself.
-Royal United Financial Services LLC leased 8,369 square feet of office space at 7999 Knue Road. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Otis Elevator Co. leased 5,425 square feet of flex space at Corporate Center North II, Building 9, 6000-6488 Corporate Way. The tenant was represented by Tim Norton and Alex Cantu of Summit Realty Group. The landlord, Cal East Industrial, was represented by Russell Van Til, Bryan Poynter and Kyle Powell of Cassidy Turley.
-Gigi’s Playhouse and Learning Center leased 4,200 square feet at Washington Shoppes, 10009-10089 E. Washington St. The landlord, The Broadbent Co., was represented by Michael Sloan. The tenant represented itself.
-Advantage Technology Solutions LLC leased 3,600 square feet of industrial space at 8559 Zionsville Road. The tenant was represented by Harvey Levin of Coldwell Banker Commercial Realty Services. The landlord, BRE/US Industrial Properties LLC, was represented by Andrea Hooper of Summit Realty Group.
-Paycor Inc. leased 3,415 square feet of office space at 11611 N. Meridian St., Carmel. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Zeller Realty Group, was represented by Tristan Glover of Zeller Realty Group.
-Daisy’s Alterations leased 1,546 square feet at Plainfield Village, 160 Plainfield Drive, Plainfield. The tenant and landlord, The Broadbent Co., represented themselves.
-Geist Market & Deli leased 1,200 square feet of retail space in Fall Creek Harbour Shoppes, 10122 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Sales/acquisitions
Masters Realty Group LLC bought a 7,000-square-foot office building at 5170 Commerce Circle. The price wasn’t disclosed. The buyer was represented by Tiffaney McClurg of RE/MAX Select. The seller, Cox Enterprises Inc., was represented by Keith Turnbill of RE/MAX Select Commercial Division.
Avon security company beefing up work force
Nolan Security & Investigations said it plans to add as many as 300 part-time and full-time workers to serve new clients.
Ortho firms pull back on doc payments
The number of payments in excess of $1 million didn’t change substantially from year to year, but orthopedic companies sharply cut their fees to surgeons who received the smallest amounts.
Kaiser: Lack of competition endemic
In a new study, Indiana ranked as the 19th least-competitive state for individual health insurance and the 27th least-competitive for small-employer health insurance.
State’s first Alzheimer’s-only nursing home to open
American Senior Communities says Auguste's Cottage at Harrison Terrace on the east side of Indianapolis already has 90 residents.
Cash-strapped school districts eye bus service cuts
Public school districts across Indiana could find themselves risking parental wrath by getting out of the transportation business as they struggle with shrinking revenues and property tax caps.
Johnson County waste district swamped with used electronics
An Indiana law designed to keep hazardous chemicals out of landfills is causing an overflow of unwanted electronics at a central Indiana waste district's offices.
NBA cancels all games through November
The Indiana Pacers will lose out on nine games because of the decision, including four home games at Conseco Fieldhouse in Indianapolis.
AM General inks deal to build hybrid work vans
Anderson-based Bright Automotive said production of its Idea work van could start in 2013 or 2014 at AM General's Mishawaka factory. Up to 300 workers ultimately could be hired.
Bright Automotive signs AM General to build hybrid vans
The northern Indiana factory where AM General once made H2 Hummers could be building plug-in, hybrid cargo vans under a deal with Anderson-based Bright Automotive announced Friday.
AG: Nashville concert hall to pay ticket refunds
Attorney General Greg Zoeller says the owners of a southern Indiana concert hall destroyed in an arson nearly two years ago have agreed to refund $26,500 to ticketholders for cancelled shows.
Economy grew 2.5 percent in third quarter
Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter. The modest expansion followed anemic growth in the first half of the year
Photographer sues French Lick resort over angels paintings
Pamela Mougin, a onetime Indianapolis photographer who now runs a studio in Colorado, filed suit this month against French Lick Resort & Casino for copyright infringement.
Sugarland returns to Indianapolis
Survivors of the deadly Indiana State Fair stage collapse are hoping for some musical healing as country band Sugarland returns to Indianapolis for a benefit concert. The band is set to perform Friday night in a free concert at Conseco Fieldhouse. Concert attendees are being asked to donate to a relief fund that's already raised nearly $1 million for the seven people killed and dozens who were injured Aug. 13.