Energy Department predicts lower heating bills this winter
Milder temperatures should cut heating bills this winter, as few expect a return of the deep freeze that chilled much of the nation last year.
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Forecasters expect 4.1-percent rise in holiday spending
Americans are expected to spend at the highest rate in three years during the upcoming holiday shopping season, according to the nation's largest retail industry trade group.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.
Carmel council: No quick decision on City Center funding
Carmel City Council will take its time considering Pedcor Cos.’ request for public funding for a parking garage and other infrastructure needed to finish the City Center development downtown.
Police recommend charges against Elwood mayor
A prosecutor says state police investigators have recommended that criminal charges be filed against a central Indiana mayor over the spending of campaign money for personal expenses.
Update: Billboard company’s suit against city can proceed
A Marion Superior Court judge has sided with Geft Outdoor LLC, denying the city’s motion to dismiss the company’s suit over the removal of one of its billboards in the Geist area.
Construction
-Lauth has completed a 30,000-square-foot retail build-out for Fresh Thyme Market at 2342 W. 86th St.
-Capitol Construction has completed a 24,000-square-foot office build-out for Fuzion Analytics at 550 Congressional Blvd., Carmel.
-Charles C. Brandt Construction has completed a 600-square-foot restroom remodel for DSG at 655 Perry Road, Plainfield.
Rates
The average rate for 30-year mortgages fell from 4.30 percent to 4.27 percent in the week ended Oct. 2, according to Bankrate.com. The rate for 15-year mortgages fell from 3.46 percent to 3.44 percent.
Leases/leasing contracts
-Cintas Corp. leased 79,776 square feet of industrial space at 1165 S. Girls School Road. The tenant was represented by Mark Writt of CBRE. The landlord, Morris West Limited Partnership, was represented by Patrick Lindley and Grant Lindley of Cassidy Turley.
-1-800-Pack-Rat leased 33,180 square feet of industrial space at 7535 Company Drive. The tenant was represented by Glenn Davis of Colliers International. The landlord, Panattoni Development Co., was represented by Luke Wessel and Grant Lindley of Cassidy Turley.
-DSG Indiana LLC leased 19,948 square feet of industrial space at 909 Whitaker Road, Plainfield. The tenant was represented by Luke Wessel of Cassidy Turley. The landlord, Industrial Income Trust, was represented by Brian Seitz of JLL.
-Tru-Flex LLC leased 14,250 square feet of industrial space at 3811 Perry Blvd., Whitestown. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, WF Industrial Properties LLC, was represented by Patrick Lindley of Cassidy Turley.
-Delta Sigma Phi leased 8,568 square feet of office space at 2960 N. Meridian St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Brougher Plaza LLC, was represented by Jon Owens of Cassidy Turley.
-Select Physical Therapy renewed its lease for 3,194 square feet of retail space in George Thomas Plaza, 1048 N. Shadeland Ave. The landlord, Ladywood Apartments LLC, was represented by Cindy Hoskinson of Lee & Associates. The tenant represented itself.
Sales/acquisitions
-Blue Devil Properties bought an 8,713-square-foot industrial property at 140 S. College Ave. The buyer was represented by Walter Freihofer of Freihofer Commercial Real Estate. The seller, Janet Dible, was represented by Ray Simons of Cassidy Turley.
-Wedgefield Group LLC bought a 10,160-square-foot office property at 7301 N. Shadeland Ave. The buyer was represented by Chris Hake of Thompson Thrift. The seller, Indiana Association of Realtors, was represented by Jon Owens and Russ Van Til of Cassidy Turley.
-Taco Bell of America bought 0.6 of an acre at 1017 W. Main St., Greenfield. The buyer was represented by John Byrne of Radar Commercial Real Estate. The seller, Terry Day, was self represented.
Business, philanthropic leaders urge preschool expansion
Indiana lawmakers should act quickly to expand a preschool pilot program – one that’s not even yet underway – when they meet for their budget-writing session next year, business and not-for-profit leaders said Monday.
Pence asks HHS for alternative Medicaid approval
The governor met with Health and Human Services Secretary Sylvia Burwell on Monday in Washington, D.C., but said no deal has been reached yet.
$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
BidPal names chief executive to replace Webber
BidPal Inc. has hired an executive with a diverse background in event production, digital media and technology to succeed longtime CEO and tech industry leader Scott Webber.
Accountable care organizations strike out in Indiana
None of the 11 ACOs with operations in Indiana saved money for Medicare or achieved a bonus for themselves last year.
Indianapolis again says proposals for justice complex not public
A representative of Indianapolis Mayor Greg Ballard told Marion County judges Monday that the request for proposals the city issued to three teams competing to design, finance and construct a criminal justice facility is not a document the public can see.
More hospitals hit with do-over penalties
Medicare will reduce payments to 68 Indiana hospitals—a 62-percent increase from last year—for having too many patients return within 30 days.
Indiana Rep. Brooks urges more women in politics
Rep. Susan Brooks also said it's unfortunate that the United States hasn't had a female president while many other countries have been led by women.
People
Indiana University Health named Ron Stiver president of system clinical services, a new position from which he will oversee IU Health’s ambulatory surgery centers, home health, critical care transport, retail pharmacies, sports performance and telemedicine. Since 2009, Stiver has been IU Health’s senior vice president of engagement and strategy. He earlier served as commissioner of the Indiana Bureau of Motor Vehicles and the Indiana Department of Workforce Development. Stiver earned a bachelor’s degree in economics from DePauw University and an MBA from Duke University.
Dr. Alison Grant, a family physician, has joined Community Health Network in Greenwood. She completed her medical degree at Jefferson Medical College in Philadelphia and earned a bachelor’s degree from Wellesley College.
Dr. Anthony Arata, a family physician, has joined Community Physician Network in Indianapolis. He earned a bachelor’s degree from the University of Notre Dame and a medical degree from Saba University School of Medicine in Netherlands-Antilles.
Dr. Jayender Chintaparthi, an endocrinologist, has joined Community Health Network in Indianapolis. He completed his bachelor of medicine and bachelor of surgery degrees at Kurnool Medical College in Kurnool, India.