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Rates

June 30, 2014

The average rate for 30-year mortgages fell from 4.33 percent to 4.28 percent in the week ended June 26, according to Bankrate.com. The rate for 15-year mortgages fell from 3.44 percent to 3.39 percent.

People

June 30, 2014

Cushman & Wakefield/Summit has added the following employees:

–Christa Calderone has joined as client services coordinator for the office brokerage team of Matt Langfeldt, Rich Forslund, Matt Waggoner and Brian Askins.

–Abby Atwell has joined as assistant property manager with the firm's property management group.

–Will Young has joined as senior property manager with the firm's property management group.

–R.J. Rudolph has joined as senior vice president specializing in office advisory.

Leases/leasing contracts

June 30, 2014

-Peapod LLC leased 48,678 square feet at 9222 E. 33rd St. The tenant was represented by J.D. Graves of CBRE. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.

-ALDI leased 22,462 square feet of retail space in Cherry Tree Plaza, 9989 E. Washington St. The tenant was represented by Jim Abel of Lee & Associates.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.   

-Asset Recovery & Recycling leased 17,186 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The tenant represented itself.

-The North End BBQ leased 4,780 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Fairway Independent Mortgage Corp. leased 4,191 square feet of office space at 10194 Crosspoint Blvd., Fishers. The tenant was represented by Yumi Goodman of Colliers International. The landlord, E-L Crosspoint Building 2 LLP, was represented by John Vandenbark of CBRE.

-Panera Bread renewed its lease for 3,957 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Heldelberge Agency leased 1,395 square feet of retail space at 8802 S. Madison Ave. The tenant was represented by Keith Turnbill of RE/MAX Select. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International.

-Artisano’s Oils and Spices leased 1,283 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, an affiliate of PK Partners, was represented by Bryan Chandler of Eclipse Real Estate.

-Havana Cafe leased 1,200 square feet of restaurant space in Honey Creek, 3839 Moller Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-It Is Vapor leased 864 square feet of retail space in Starbucks Plaza, 1950 Kessler Blvd., West Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Eyes By India leased 662 square feet of retail space in Esquire Plaza, 8213 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

Sales/acquisitions

June 30, 2014

-JAWCO, an investment group based in Minneapolis, bought the 108-unit Arbor Manor Apartments at 206 Churchill Drive, Mooresville. The seller, locally based Neff Rentals, was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 153-unit Arrowwoods Apartments, 7135 Warrior Trail. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 220-unit Inverness Apartments, 5810 Sebring Drive. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.

High court: Public union can’t make nonmembers pay fees

June 30, 2014

The ruling is a setback for labor unions that have bolstered their ranks — and bank accounts — in Illinois and other states by signing up hundreds of thousands of in-home care workers.

Justices: Some employers don’t have to cover birth control

June 30, 2014

The Supreme Court ruled Monday that some corporations can hold religious objections that allow them to opt out of the new health law requirement that they cover contraceptives for women.

You-review-it Monday

June 30, 2014

For me, the weekend included a teen “Hair,” movie screenings, and more. What did you do on the A&E front?

GOP bucking business priorities on Capitol Hill

June 30, 2014

Traditional ties between the business community and the Republican Party are fraying in Washington, D.C., where the House GOP has bucked corporate interests on a series of priorities this year, from immigration to highway funding to trade.

UPDATE: Butler warns students, staff, alums of data breach

June 30, 2014

The school says the exposed information includes birthdates, social security numbers and bank account information of about 163,000 students, faculty, staff and alumni.

Obama taps business exec to oversee troubled VA

June 30, 2014

President Barack Obama plans to nominate former Procter & Gamble executive and Indiana native Robert McDonald as the next Veterans Affairs secretary, as the White House seeks to shore up an agency beset by problems.

Manchester University exceeds $100 million target

June 30, 2014

Manchester University has exceeded a $100 million fundraising goal 18 months ahead of its deadline, and retiring President Jo Young Switzer is receiving much of the credit.

Manufacturing & Logistics 2014: Upcoming at Cummins

Manufacturing & Logistics 2014: Transportation’s future

Officials: Indiana’s limestone industry on upswing

June 28, 2014

The limestone industry is thriving again with many companies reporting orders are up following a drop in business during the recession, a trade association spokesman says.

Flurry of new laws set to take effect in Indiana

June 28, 2014

Beginning Tuesday, guns will be allowed in school parking lots, beer and alcohol will be legal for sale at the Indiana State Fair and veterans will have more support from the state as they seek new careers.

Appeals court stops gay marriage in Indiana

June 28, 2014

The 7th Circuit Court of Appeals on Friday night stopped county clerks from issuing marriage licenses to same-sex couples, a move that throws hundreds of unions performed over the past two days into limbo.

Lawmaker: Tobacco settlement aids health programs

June 27, 2014

Indiana's settlement of its dispute with major tobacco companies — a deal bringing the state $217 million over the next two years — will help meet the state's obligations for several health-related programs, a top lawmaker says.

Moves to improve Americans’ income

June 27, 2014

Burn both the federal and state individual income tax codes and give each income-receiving American citizen a $50,000 standard deduction while keeping current dependent exemptions.

WIBC slides further into ‘have it your way’ news

June 27, 2014

News is supposed to bring us facts even if they challenge our preconceptions. As two towering statesmen—Democrat Daniel Patrick Moynihan and Republican James R. Schlesinger—said, we are all entitled to our own opinions, but not our own facts.

Scales shouldn’t quit Meadows TIF project

June 27, 2014

As public servants, it is our job to serve the public, not pick unnecessary fights.

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Daniel Bradley

Q&A: Fusek’s Hardware CEO Steve Fusek previews the store’s downtown move

Dave Lindquist
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