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Residential

The average rate for 30-year mortgages remained at 4.27 percent for the week ended Oct. 30, according to Bankrate.com. The rate for 15-year mortgages ticked up to 3.38 percent from 3.37 percent the previous week.

Sales/acquisitions

-One Liberty Properties Inc. bought a 125,622-square-foot industrial building leased by Federal Express at 3825 Hanna Circle. The seller, Guthrie Partners LP, was represented by Janice Paine and Brian F. Knapp of Colliers International. The buyer represented itself.

-An affiliate of Klosterman Baking Co. bought a 10,800-square-foot industrial building at 5867 Churchman Ave. The buyer was represented by Stan Elser and Jim Karozos of Lee & Associates. The seller, Pifer LLC, was represented by David Lane of Burr & Temkin.

-WF Industrial Properties bought 2.97 acres at 7531 Miles Drive. The buyer was represented by Patrick Lindley and Grant Lindley of Cassidy Turley. The seller, JP Morgan Chase Bank, was represented by Nick Arterburn of CBRE.

Construction

-Capitol Construction has completed a 9,000-square-foot office expansion for Kronos at 101 W. Washington St.

-Charles C Brandt Construction has completed a $50,000 renovation for RR Donnelly at 700 Airtech Parkway, Plainfield.

-Charles C Brandt Construction has been awarded a $100,000 tenant finish project for Fusion at 550 Congressional Blvd., Carmel.

-Charles C Brandt Construction has been awarded a $15,000 tenant finish project for Applied Marketing at 550 Congressional Blvd, Carmel.

Marathon expects record participation

A record number of runners are expected to race in the Indianapolis Monumental Marathon on Saturday morning. The sixth annual event includes a regular marathon, a half-marathon, a 5K run and a Fun Run for children. More than 13,000 runners are registered. The marathon starts at 8 a.m. at Monument Circle and follows a route as far north as 66th Street.
 

Two injured by flurry of bullets

A gunman or gunmen riddled a northwest-side home with at least 26 bullets at about 2:30 a.m. Friday, injuring two men in the house. Investigators say the shooting in the 1800 block of Dexter Street, just north of  West 16th Street, was likely drug-related. One victim, 26, suffered wounds in the head and leg. The other, 22, was shot in the leg. Both were hospitalized in undisclosed conditions. The shots were fired from a red compact car.
 

Storms leave many powerless

High overnight winds knocked down trees and created power outages and traffic snarls at several city intersections. As many as 25,000 Indianapolis Power & Light customers lost power at some point during the storm. About 6,000, including 2,600 on the south side, were still without electricity Friday morning. Police reported significant damage off U.S. 31 near East Thompson Road, including broken poles, downed wires and circuit problems.
 

Fewer apply for jobless benefits, but hiring slows

The economy added an average 143,000 jobs a month from July through September. That's down from an average of 182,000 in April through June, and 207,000 during the first three months of the year.

Upscale chocolatier growing into Carmel

Chocolate for the Spirit plans to open a storefront in Carmel this month. After the holidays, master chocolatier Julie Bolejack will move production there from her Shelbyville “studio.”

State extends high-risk pool because of Obamacare woes

State officials announced Thursday that they will extend Indiana’s high-risk insurance pool through the end of January to accommodate Hoosiers who have been unable to enroll in coverage through the federal marketplace.

Conference eyes preservation as development tool

A national gathering of preservation experts this week in Indianapolis are toasting some of the success stories historic preservation can foster by helping spark revitalization in neighborhoods and city centers.

The bill for Hoosiers’ excess health care spending: About $5 billion per year

Hoosiers’ poor health, combined with an aggressive health care system and an uncompetitive health insurance sector, means Hoosiers, in spite of the fact that they earn just 86 cents for every dollar earned by the average American, are spending nearly $1.13 on health care for every dollar spent by Americans.

Racing home: Fast-growing trade show returns to Indy

The upcoming Performance Racing Industry Show—in its first year back in Indianapolis since 2004—is beating expectations for exhibitors, attendees and, most important, visitor spending.