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Rates

The average rate for 30-year mortgages was unchanged at 4.28 percent in the week ended July 3, according to Bankrate.com. The rate for 15-year mortgages rose from 3.39 percent to 3.40 percent.

Leases/leasing contracts

-Performance Metals Inc. leased 21,400 square feet of industrial space at 2402 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-Indiana State Teachers Association renewed its lease for 19,083 square feet at 150 W. Market St.  The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The tenant represented itself.

-Drillers Service Inc. leased 13,350 square feet at 3930 Perry Blvd., Whitestown. The tenant was represented by Cam Kucic of Cushman & Wakefield/Summit. The landlord, Crest I LLC, was represented by Grant Lindley of Cassidy Turley.

-Cardinal Publishing Group leased 12,700 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Big Car leased 3,600 square feet of retail space in Lafayette Place, 3743 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-First Construction Consultants leased 3,559 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group. The tenant represented itself.

-Capital Cities LLC leased 2,986 square feet at 47-49 N. Meridian St. The tenant was represented by Matt Waggoner of Cushman & Wakefield/Summit. The landlord, Bruce A. Bodner Co. Inc., was represented by Alex Cantu of Cushman & Wakefield/Summit

-The Tailgate leased 2,400 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Metro PCS lease 1,820 square feet of retail space in East 40, 8524 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Produce Careers leased 1,740 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group.  The tenant represented itself.

-CPR Institute leased 1,600 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Avenue.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Book Trader leased 1,400 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-TAG Salon leased 1,260 square feet of retail space in Meridian Parke Shoppes, 3115 Meridian Parke Lane, Greenwood. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-The Asian Grocery leased 1,200 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Servi-Call renewed its lease for 1,200 square feet of retail space in 69th & Michigan, 6999 Michigan Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-EX Nails renewed its lease for 1,200 square feet of retail space in College Park, 3269 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
 
-Red Door Property Management leased 854 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Develompent, was represented by Lawrance  Morrissey of Corporate Commercial Group. The tenant represented itself.

Express Scripts cuts payments for customized drugs

The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed medicines are ineffective or overpriced.

Latest plans for Mass Ave land swap hit snag

The Indianapolis Historic Preservation Commission has expressed concerns about a proposed parking lot tied to a complex land deal involving a credit union, firefighters union hall, and a planned $43 million development.

IU students get more information, borrow less

A simple letter from Indiana University led its students to reduce borrowing by far more than the national average last academic year. Federal undergraduate Stafford loan disbursements at the university dropped 11 percent, or $31 million.

U.S. employment rises more than expected

Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.

Kokomo doctor gets 2 years for overprescribing

Don Wagoner, his wife and two other doctors were arrested last year on narcotics charges connected to clinics in Kokomo and Burlington. State officials say at least a dozen patients died from drug-related complications.

Afghanistan subcontractor cheated workers, suit says

Federal investigators are examining whether a military subcontractor from Indiana underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.

Obamacare generates windfall for insurers

Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.

Volleyball event’s projected impact raises questions

When Visit Indy announced this week that Indianapolis had landed the 2016 USA Volleyball Girls’ Junior National Championships and that it would carry a $59 million economic impact, a few eyebrows were raised.

Indy Chamber fights shrinking membership

The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.

State sits on prime downtown property near Statehouse

Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.