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On a seasonally adjusted basis, the pace of mortgage loan activity decreased 1.9 percent for the week ended March 12, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.91 percent from 5.01 the previous week. The rate for 15-year mortgages dropped to 4.24 percent from 4.32 percent.
-Bridal Superstore leased 15,540 square feet at Castleton Point Shopping Center, 82nd Street and Allisonville Road. The tenant was represented by Andrew Schrage of Coldwell Banker Commercial Realty Services. The landlord, The Broadbent Co., was represented by Broadbent’s John Beuoy.
-Lamar Advertising leased 10,000 square feet at 2200 N. Curry Pike, Bloomington. The tenant was represented by Greg Witkowski of CB Richard Ellis. The landlord, D&S Investments, represented itself.
-Tom James leased 4,139 square feet of office space at 8470 Allison Pointe Blvd. The tenant was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The landlord, Sun Life Assurance Company of Canada, was represented by Andrew D. Martin of Cassidy Turley.
-The Marion County Assessor leased 2,525 square feet in the Warren Professional Building, 7300 E. 31st St. The landlord, Robert J. Walden, was represented by Ed Troha of CB Richard Ellis. The tenant represented itself.
-Dr. Erin Phillips DDC leased 2,927 square feet at 8433 Harcourt Road. The tenant was represented by Bill Scott and Eric Steiner of Equis Corp. The landlord, Corvasc MDs PC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate.
-Global Drug Testing Labs Inc. leased 2,400 square feet of office space at Western Select, Building 30, 2525 N. Shadeland Ave. The tenant was represented by Ryan Conrad of Resource Commercial Real Estate. The landlord, Western Select Properties, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
-Hiatt Accounting Services Inc. leased 1,750 square feet at 6350 N. Shadeland Ave. The landlord, 6350 Shadeland Ave. LLC, was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate. The tenant represented itself.
-Timothy Shobe Associates subleased 2,598 square feet at 8727 Commerce Park Drive. The tenant was represented by Matt Jackson and Joe Lonnemann of Halakar Real Estate, as was the lessor, Netwise Resources Inc.
-Ray Skillman Kia leased 1.55 acres at 1394 N. Shadeland Ave. The landlord, Justus Companies, was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The tenant represented itself.
-Point Blank Nutrition leased 1,434 square feet at 2784 E. 146th St. The landlord, Thompson Thrift, was represented by Susannah Gershman of Thompson Thrift. The tenant represented itself.
-FANUC America Corp. leased 1,065 square feet at 11708 N. College Ave., Carmel. The tenant was represented by Eric Kemp of Resource Commercial Real Estate. The landlord, RF Management Group LLC, was represented by Brooke Augustin of NAI Olympia Partners.
-Tom and Dana True purchased 11,000 square feet of space on 1.79 acres at 7984 U.S. 40 West in Knightstown. The price wasn’t disclosed. Bob Lindgren of Grubb & Ellis Harding Dahm & Co. represented the buyer and the seller, Kahlo Family Limited Partnership IV.
-MID LLC purchased a 19,100-square-foot office building on 2.3 acres at 9800 Association Court. The price wasn’t disclosed. The buyer was represented by Joe Lonnemann and Matt Jackson of Halakar Real Estate. The seller, DPI Properties, was represented by Tom Willey of Matthewson & Willey Realty and Darrell Pike of Precedent Real Estate Services.
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Monday’s decision throws out a $65.2 million patent-infringement verdict won by Ariad for royalties on Lilly’s osteoporosis
drug Evista and sepsis medicine Xigris.
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir
home.
Attorneys general in at least 13 states have signaled they intend to challenge the constitutionality of the legislation in
court.
Deadline approaching for nominees for this year’s Eugene & Marilyn Glick Indiana Authors Award. And three writers will score
big.
Sweeping changes phase in slowly for most, but insurers, hospitals, drug companies, employers, workers, medical device makers
and more will eventually feel impact.
More than a dozen people spent the night in an east-side Indianapolis motel after fire and smoke forced them from their East
Washington Street apartment building. Eleven residents of the Washington Arms Apartments were treated for smoke inhalation
Sunday after fire broke out in the basement and spread. When firefighters arrived, they found several residents hanging out
of upstairs windows. No serious injuries were reported. Damages are listed at $100,000.
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
The superintendent of Martinsville Schools is expected to make a statement Monday after being arrested this weekend on charges
of driving under the influence. Ron Furniss was arrested on Blue Bluff Road in Martinsville Saturday night after being clocked
at 61 mph in a 35-mph zone. He was taken to the Morgan County jail, according to police, but has been released on bond. Police
say Furniss had a blood-alcohol content of 0.16, twice the legal limit at the time of his arrest.
Two teenagers have died after the bicycle they were riding was hit by a pickup early Sunday morning. The accident occurred about 2 a.m. on U.S. 31 near Seymour. Todd Schurman, 17, died at the scene. Zach Grubb, 17, died later after being treated for severe head trauma in Indianapolis. Police don't believe drugs or alcohol were a factor. Fox59 will have more at 4 p.m.
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
Drugmakers and insurers could gain millions of customers under the legislation, but the industry also will pay new fees and
face stricter rules that may shrink profit and fuel mergers.
ITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional
accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job
losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it
from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000.
Teachers have traditionally taken summer jobs, but union claims more are working evenings and weekends during the school year.
Republican precinct committee members selected a replacement of Lincoln Plowman, who resigned earlier this month.
