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Resource lands Colliers affiliation

Resource Commercial Real Estate, which will remain locally owned and operated, will be known as Colliers International effective
immediately, the company said.

Report: WellPoint, Aetna may need relief from cost mandate

The U.S. health overhaul’s mandate that insurers spend 80 percent of premiums on medical care may
need to be loosened
to keep companies from quitting the market for people who buy coverage on their own, state regulators said.

Construction

-D.B. Klain Builders LLC has completed an 8,644-square-foot tenant build-out for Home Health Depot at 9245 N. Meridian St.

-D.B. Klain Builders LLC has completed a 1,200-square-foot tenant build-out for Edward Jones Financial at Cumberland Point Market Place, 15880 Cumberland Road, Noblesville.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity increased 4 percent for the week ended April 30, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 5.02 percent from 5.08 percent the previous week.  The rate for 15-year mortgages decreased to 4.34 percent from 4.38 percent.

Leasing/leasing contracts

-Case New Holland renewed its lease on an 842,000-square-foot distribution center at 400 S. Enterprise Drive and a 250,000-square-foot assembly facility at 420 S. Enterprise Drive in the Lebanon Business Park. The tenant was represented by Rick Suja of Summit Realty Group and Chris Porter of Cushman & Wakefield. The landlord, Duke Realty, represented itself.

-Bishop Steering Technology Inc. renewed its 28,000-square-foot lease at 8802 Bash St. in the Northeast Business Center. The tenant was represented by Steve Beals of Grubb & Ellis Harding Dahm & Co. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta of Cassidy Turley.   

-Little Miracles Inc. leased 5,330 square feet at 5615 W. 22nd St. Don Ballard of Grubb & Ellis Harding Dahm & Co. represented the landlord, Community Bank of Raymore, and the tenant.

-Indiana Family Health Council Inc. leased 4,000 square feet at Jackson Square, 233 McCrea St. The tenant was represented by George Crawford of Meridian Real Estate. The landlord, One Jackson Square Associates, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.

-Karia LLC, doing business as Hot Cakes Emporium, leased 3,805 square feet at Greenbriar Shopping Center, 8555 Ditch Road. Nick Smyrnis of Grubb & Ellis Harding Dahm & Co. represented the landlord, Prime Property Investors, and the tenant.

-Sling Shot SEO leased 3,157 square feet at 8900 Keystone Crossing. The tenant was represented by Bennett Williams of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.  

-EPSI Masking Co. leased 2,700 square feet at 8102-2176 Zionsville Road in Park 100.  The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Brett Spitzer of NAI Olympia Partners.

-Reliable Water Services LLC leased 2,600 square feet at Hague Business Center, 7747 E. 89th St. The tenant was represented by Don Ballard and Stan Elser of Grubb & Ellis Harding Dahm & Co. The landlord, HBC Co. LLC/Levi Investment Realty, represented itself in the transaction.
 
-Gigi’s Cupcakes leased 1,401 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Tom English and Larry Davis of Sitehawk Retail Real Estate. The landlord, Fashion Mall Commons I LP, was represented by John Bueoy of The Broadbent Co.

Sales/acquisitions

Diamond Investment Group I LLC purchased Two West Condominiums from Fifth Third Bank. The price wasn’t disclosed. The property consists of 36 residential condominiums on three floors. Jim Shook, Jon Hardy and Andrew Schrage of Coldwell Banker Commercial Realty Services represented both the buyer and the seller.

Apartment sellers testing market again

Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.

Study: Pacers, Fever add $55M to local economy each year

The Indiana Pacers and Indiana Fever contribute an estimated $55 million a year to the Indianapolis economy, according to
a study conducted by Chicago-based hospitality consulting firm Hunden Strategic Partners.

Worker burned in tractor fire dies

A maintenance worker at Carmel High School who was severely burned last week when his riding lawnmower caught fire has died.
Wishard Hospital officials say Rick Schoolcraft succumbed to his injuries Saturday afternoon. Several students aided Schoolcraft
and put out the flames. Counselors are at the high school to console both students and staff.

Two dead in shooting spree

Two men were gunned down Sunday morning on the west side of Indianapolis. Serafin Sanchez, 22, was arrested after police
say he opened fire with an assault-style rifle, killing Florindo Bail and Luis Aquilar Junior near Holmes and Washington streets.
A toddler and his parents in the same building barely escaped the bullets. Police have not released a motive for the shootings.

SWAT standoff ends in death

A seven-hour SWAT standoff at the Westminster Apartments in Greenwood ended Monday morning after Bradley Hines fatally shot
himself in the head, authorities say. Hines barricaded himself inside his apartment about 10 p.m. Sunday after police responded
to a domestic violence call. Neighbors say Hines had been drinking all day, beat his girlfriend, then fired at least one gun
shot. SWAT members were called in for negotiations. Fox59 will have more at 4 p.m.