Search Results

On a seasonally adjusted basis, the pace of mortgage loan activity increased 13 percent for the week ended June 10, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.51 percent from 4.54 percent the previous week. The rate for 15-year mortgages was unchanged at 3.67 percent.

-PPG Aerospace renewed its lease for 35,346 square feet of industrial space in Corporate Center North II, 6022 Corporate Way. The tenant was represented by  Stan Elser and Jim Karozos of Lee & Associates. The landlord, CalEast Industrial Investors, was represented by Bryan Poynter of Cassidy Turley.

-Harvest Bible Chapel of North Indianapolis leased 11,500 square feet of office space at 9675 E. 148th St., Noblesville. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Brittany Properties LLC, was represented by Brad Williams and John Demaree of Summit Realty Group.

-Dollar Tree leased 9,100 square feet at Stones Crossing Shopping Center, 2800 S. State Road 135, Greenwood. The tenant was represented by Dawn Lyon of Sitelink Commercial Realty. The landlord, TKC Properties LLC, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.

-Center for Diagnostic Imaging-CDI Radiology leased 7,149 square feet at Indiana American Office Park-Building 3, 521 E. County Line Road, Greenwood. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Indiana-American Associates LLC, was represented by Jeff Merritt of Summit Realty Group.

-Tesco leased 6,300 square feet at Park 100-Building 105, 5720-80 W. 71st St. The tenant was represented by J.D. Graves of CB Richard Ellis. The landlord, Blue Real Estate, was represented by Alex Cantu and Jason Speckman of Summit Realty Group.

-Rheem Sales Company Inc. leased 5,494 square feet in Crosspoint One, 9855 Crosspoint Blvd., Fishers. The tenant was represented by Tom Ferguson of Premier Commercial Real Estate Services. The landlord, LIT Industrial Limited Partnership, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-Kiddieville Daycare Ministries leased 5,100 square feet at 4444 W. 10th St. in Speedway Industrial Park. The landlord, Speedway Industrial Park LP, was represented by Bill Bryam of Cassidy Turley. The tenant represented itself.  

-BP Canada Energy Marketing Corp. renewed its 3,566-square-foot lease at Meridian Parke North, 373 Meridian Parke Lane, Greenwood. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, AAAG LLC, was represented by Tim Norton and Jeff Merritt of Summit Realty Group.

-Advanced Physical Therapy leased 2,857 square feet of medical office space at 1642 S. Olive Branch Park Lane, Greenwood. The tenant was represented by John Crisp of Cassidy Turley. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.

-University Lending Group LLC leased 2,350 square feet of office space at 11988 Fishers Crossing, Fishers. The landlord, RB Partners, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.

-Silver Creek Management LLC leased 1,500 square feet of medical office space in the Decatur Depot retail center at 5021 Kentucky Ave. The tenant was represented by Ryan Conrad of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith and Joe Tarpey of Colliers International.

-Apollo North America Inc. leased 1,203 square feet of office space in Carmel Office Court, 301 E. Carmel Drive, Carmel. The landlord, Finsilver Friedman Management Corp., was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.

-DP Holdings LLC bought a 214,414-square-foot building at 401 Enterprise Blvd., Lebanon. The price wasn’t disclosed. The seller, MI Windows and Doors Inc., was represented by Patrick B. Lindley of Cassidy Turley and Jay Archer of Duke Realty. The buyer represented itself.

-3202 South East Street LLC bought an 8,000-square-foot retail center at 3202 S. East St. The price wasn’t disclosed. The buyer was represented by Ross Reller of Colliers International. The seller, Kin Properties, was represented by Stephen Daum of Summit Realty Group.

-Diversity Lawncare Inc. bought a 3,400-square-foot industrial building with a 24,800-square-foot lot at 4602 E. 16th St. The price wasn’t disclosed. The buyer was represented by Barrett Real Estate. The seller, Fifth Third Bank, was represented by Harvey Levin and Andrew Schrage of Coldwell Banker Commercial Realty Services.

Bloomington police came up empty Sunday during a search of land near the Monroe-Morgan county line after receiving a tip in the case of missing Indiana University student Lauren Spierer. Investigators said they received a tip Sunday about a suspicious smell in wooded areas just south of Martinsville and north of Bloomington near State Road 37. Spierer, 20, disappeared the morning of June 3.
 

Indianapolis police are searching for the gunman behind an early-morning homicide on the west side. A man was shot about 12:30 a.m. Monday near 16th Street and Lafayette Road. He was taken to Wishard Hospital, where he died.
 

Storms dumped up to 3 inches of rain on central Indiana overnight, bringing the morning commute to a halt in several places Monday. Flooding caused the closure of Spring Mill Road south of 111th Street, as well as the Keystone Avenue ramp from westbound Interstate 465. The National Weather Service in Indianapolis has declared a flash-flood warning until 3 p.m. for several areas, including eastern Johnson County, southeastern Marion County, southwestern Hancock County and western Shelby County.
 

Indiana University Health named Lisa M. Brandt vice president of IU Health Orthopedic Services. Most recently, Brandt served as senior vice president at Strategic Healthcare Group. Brandt graduated from Indiana University with a degree in health education and earned her master's in health care management from Ball State University.

Warsaw-based DePuy Orthopedics named Andrew Ekdahl its new CEO, replacing David Floyd, who resigned in March amid a damaging recall of one of DePuy's hip replacement lines that's already cost the company nearly $1 billion in legal expenses. Ekdahl, a 20-year veteran of the subsidiary of New Jersey-based Johnson & Johnson, was the franchise vice president for DePuy Europe, Middle East and Africa.

Tim Leman has been promoted to CEO of Gibson Insurance Agency Inc., a South Bend-based broker of employee benefits. Leman replaces Greg Downes, who is stepping down as CEO, but will remain chairman of Gibson's board. Downes had been CEO since 2005. Leman joined Gibson that same year and had been president of the firm since 2009. Leman began his insurance career with Aon Consulting in Indianapolis. He holds a bachelors degree in insurance and risk management from Indiana State University.

Say what? “Excessive hospitality” while promoting its drug Byetta got Eli Lilly and Co. dinged by the U.K.-based Prescription Medicines Code of Practice Authority, a self-regulatory group. And what exactly counts as “excessive”? Seven pints of beer, two gins, two whiskies, seven whisky liqueurs and three large glasses of red wine—oh, and a taxi fare afterward, according to a summary of the case posted by the practice authority. The booze was purchased at an Indian restaurant for three Lilly sales reps and two diabetes nursing specialists. The occasion was the endocrinologist speaking about off-label uses of Byetta. The practice authority asked Lilly to look into the complaints of an ex-employee, but Lilly said there was no case to answer. The authority determined otherwise, which is why it gave Lilly its public flogging.

Indiana University Health has pulled a prominent practice of cancer physicians into its fold. Central Indiana Cancer Centers sold its five facilities to IU Health and transferred its 150 employees to the Indianapolis-based hospital system. The 16 physicians in the practice will remain independent, but they have signed a service agreement with IU Health. Financial terms of the deal, which closed June 1, were not disclosed. But it is a big win for IU Health, as Central Indiana Cancer Centers has a well-established presence in Carmel, Fishers, Greenfield, Greenwood and the east side of Indianapolis. Cancer services are key financially for hospitals because of the growing prevalence of the disease, and also because cancer patients often need surgery. IU Health now has more than 60 medical oncologists, not counting any of its radiation oncologists or cancer surgeons. Central Indiana Cancer Centers, established near Community Hospital-East in 1976, also had discussions with the three other major hospital systems in Indianapolis: Community, St. Vincent Health and Franciscan St. Francis Health. A partnership with a hospital became essential for Central Indiana Cancer Centers as hospitals have spent the past three years gobbling up physicians of all stripes—both primary care doctors and specialists. IU Health Physicians now employs more than 500 doctors and Community Health Network has more than 550.

City officials on Thursday unveiled a long-term plan to redevelop an industrial stretch northwest of downtown with the goal of attracting hundreds of residents and dozens of high-tech companies to the area. The ambitious urban renewal effort, dubbed the 16 Downtown Technology District, builds from a strategy discussed over more than a decade to turn the corridor between IUPUI and 16th Street into a life-sciences research hub. The idea is to create a trendy urban district where residents can live within blocks of work. The project could require $15 million to $20 million in public investment and hundreds of millions of dollars in private investment. It is expected to take 10-20 years to complete. Officials said a final agreement is near for the redevelopment of the historic Bush Stadium site, which is wedged between 16th Street and the White River near Harding Street. The city is contributing about $5 million to the $23 million project, including tax dollars generated in the area and more that will be transferred from the consolidated downtown tax-increment financing district. Developer John Watson said he also is seeking a federal loan to help finance part of the project. Indianapolis also will invest another $3 million in public money to renovate Indiana Avenue from roughly 10th Street to 16th Street with new landscaping, walking paths, bike lanes and other streetscape elements designed to brand the area. That funding will come from initial proceeds from the sale of the city’s water and sewer utilities to Citizens Energy Group.