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Council OKs $70m road bond

The borrowing plan will target streets and sidewalks across the city. Also on Monday night, City-County Councilors approved a $1 billion city budget.

Ballard’s preschool plan gets new life in city budget

The $1 billion budget approved by the City-County Council Monday night included a last-minute amendment that could put $1.7 million toward the mayor’s plan to cut crime and expand access to preschool.

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Construction

-Kort Builders has completed a 1,200-square-foot office build-out for Phanomen Design at 750 N. College Ave.

-Kort Builders has completed a 15,000-square-foot restaurant build-out for The District Tap at 3720 E. 82nd St.

Rates

The average rate for 30-year mortgages fell from 4.27 percent to 4.18 percent in the week ended Oct. 9, according to Bankrate.com. The rate for 15-year mortgages fell from 3.44 percent to 3.37 percent.

Leases/leasing contracts

-Lincare Inc. leased 14,000 square feet at 5649 Lee Road. The tenant was represented by Matt Jackson of Jackson IG. The landlord, Perpetual Group, was represented by Tom Ferguson of Premier Commercial Real Estate.

-First Merchants Bank leased 6,976 square feet at 33 W. 10th St., Suite 100, Anderson. The tenant and landlord, GBC International, were represented by Matt Jackson of Jackson IG.

-Eagle Creek Dermatology leased 3,445 square feet of office space at 6920 Parkdale Place. The tenant was represented by David Kosene of Kosene & Kosene. The landlord, Healthcare Trust of America Inc. was represented by Julia Schnepper Ehret of Healthcare Management of America Inc.

-Drs. William R. Nunery and H.B. Harold Lee, dba Oculofacial Plastic and Orbital Surgery, leased 3,188 square feet at Methodist Medical Plaza North, 201 N. Pennsylvania Parkway. The landlord, Healthcare Trust of America Inc., was represented by Andrew Nordhoff of Healthcare Management of America Inc. The tenant represented itself.

-SRT Prosthetics and Orthotics leased 2,159 square feet at Southpointe Office Park, 8936 Southpointe Drive. The landlord, Healthcare Trust of America Inc., was represented by Julia Schnepper Ehret of Healthcare Management of America Inc. The tenant represented itself.

-Dental Office Training by Lynn LLC leased 2,100 square feet at 9780 Lantern Road, Fishers. The tenant was represented by Matt Jackson of Jackson IG. The landlord, CM Lantern Place Investors LLC, represented itself.

-IU Credit Union leased 1,600 square feet at Southpointe Office Park, 8936 Southpointe Drive. The landlord, Healthcare Trust of America Inc., was represented by Julia Schnepper Ehret of Healthcare Management of America Inc. The tenant represented itself.

-Indy Spine and Rehab PC leased 1,236 square feet at 755 W. Carmel Drive, Carmel. The tenant was represented by Matt Jackson of Jackson IG. The landlord, VIII FS Carmel LLC, was represented by Bill Ehret and Alex Cantu of Cushman & Wakefield/Summit.

Sales/acquisitions

-Millenium Contractors LLC bought a 3,200-square-foot building at 1401 S. Holt Road. The buyer was represented by Cam Kucik of Cushman & Wakefield/Summit. The seller, Air Equipment Rental Corp., was represented by Keith Turnbill of RE/MAX Select Realtors Commercial Division.

-Paragon Southport LLC bought a 13,785-square-foot professional/retail building called Southport at the Crossing at 7007 S. U.S. 31. The buyer was represented by Joseph DiSalvo and Matt Deahl of Marcus & Millichap. The seller, Southport at the Crossing Inc., was represented by Forest Bender, Joseph DiSalvo, and Matt Deahl of Marcus & Millichap.

U.S. high court: Who best judges fair competition?

The U.S. Supreme Court is set to hear a case over whether U.S. states can delegate the regulation of professions such as dentistry, plumbing, cosmetology and more to boards of practitioners drawn from those occupations.

RV company plans northern Indiana expansion

A company that makes towable recreational vehicles says it will spend nearly $5 million to expand its operations in northern Indiana, creating as many as 125 jobs.

Hospital market shares shift

Community Health Network claimed 23.1 percent of the central Indiana market inpatient market last year, up from 21.5 percent the year before, while Indiana University Health saw its share of the inpatient market decline from 28.8 percent in 2012 to 27.8 percent last year.

Gambling debate hinges on ‘expansion’ definition

House Public Policy Chairman Tom Dermody, R-LaPorte, opened a gambling hearing last week with a word of caution for his colleagues: Before they launch into the 2015 session in January, they need to decide what they consider an expansion to be.

Indiana cuts some public audits over shortages

The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says.