Residential
The average rate for 30-year mortgages rose from 3.74 percent to 3.99 percent for the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages rose from 2.97 percent to 3.21 percent.
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Leases/leasing contracts
-Pacific and Southern Co. Inc. leased 18,000 square feet of industrial space at 1530 Brookville Crossing Way. The tenant was represented by Nick Arterburn of CBRE. The landlord, WF Industrial Properties, was represented by Patrick Lindley of Cassidy Turley.
-American Window and Glass Inc. leased 15,582 square feet of industrial space at 5621-5647 Dividend Drive. The tenant was represented by Sean McHale of Colliers International. The landlord, Meritex Properties LLC, represented itself.
-Rock Steady Boxing Inc. leased 12,800 square feet of office space at 6847 Hillsdale Court. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, Hillsdale Property Company LLC, was represented by Jack Hogan of Jones Lang LaSalle.
-Browning Chapman LLC leased 6,446 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-Classic Stone LLC leased 2,700 square feet of industrial space at 5751 5827 W. 73rd St. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-MarketPath leased 2,345 square feet at 3850 Priority Way South. The tenant was represented by Molly Miller of Newmark Knight Frank Halakar. The landlord, PP Indianapolis V Project, was represented by Rick Trimpe of CBRE.
-Diamond Foods Inc. leased 2,095 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The tenant was represented by Zane Brown of CBRE. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Westfield Parks & Recreation leased 2,060 square feet of retail space in Cherry Street Plaza, 330 E. Main St., Westfield. The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates. The tenant represented itself.
-Mindful Movement Studio leased 1,791 square feet at Northbrook Shopping Center, 1475 W. 86th St. The landlord, 86th & Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Crepe Way leased 1,700 square feet at Castleton Shops, 5955 E. 82nd St. The tenant was represented by Kelli Memreno-lbanez of Libertad Real Estate. The landlord, Castleton Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-JS Sushi leased 1,600 square feet at The Shoppes at 54th Street, 5425 N. Keystone Ave. The landlord, KBF 54th LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-MANG THA Real Estate leased 1,463 square feet of office space in Winchester Place, 8060 Madison Ave. The tenant was represented by Nguncer Bualteng of MANG THA Real Estate. The landlord, Oak Property Group LLC, was represented by Cathy Richards of Lee & Associates.
-China Wok leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The tenant was represented by Chengang Tian of TLC Real Estate South. The landlord, C-III, was represented by Jacque Haynes of Cassidy Turley.
-Colon and Rectal Care Inc. leased 1,020 square feet of office space at Southpointe Office Park, 8936 Southpointe Drive. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, HTA-Southpointe LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.
Sales/acquisitions
Marksmen Construction Services bought a 12,770-square-foot industrial property at 5235 Elmwood Ave. The buyer was represented by Fritz Kauffman of Cassidy Turley. The seller, JW Sales Inc., was represented by Lee Horgan of CBRE.
Explanations vary for dearth of women in top rungs of business
Of 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries, Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
Are hospitals on trajectory to pair up?
Indianapolis-area hospitals are undergoing such profound and permanent changes that some predict, eventually the four major hospital systems will merge and shrink down to two.
City can tap $39 million in low-interest loans
Affordable-housing builders are enthusiastic about the new source of low-cost capital, which is targeted at a large swath of the inner city, excepting downtown.
RACE: From Cardiff to Indianapolis, livable cities are universal
The capital cities of Wales and Indiana have much in common and are designing for the future.
Skarbeck: IPO of N.Y. skyscraper is a real landmark deal
Investors soon will have the opportunity to own a piece of an American landmark. The Empire State Realty Trust, whose signature property is the Empire State building, will offer shares to the public.
Hicks: Finding the good and the bad in TARP bailouts
The Congressional Budget Office’s most recent assessment of the cost of the Troubled Asset Relief Program, in late May, occasioned far less thoughtful discussion of the role of government than it should have.
Paterno family sues NCAA over Penn State’s Sandusky fine
In a complaint filed Thursday, the family of the deceased coach and five members of the school’s board of trustees said the Indianapolis-based NCAA improperly interfered and grossly mishandled a criminal matter outside the scope of its authority.
What is tipping point for development incentives?
A Carmel City Council committee’s decision not to help Pedcor Cos. land a state tax credit sent a message to developers: Public money won’t be flowing quite as freely in the future.
Sallie Mae expects split to have ‘limited’ effect in Indiana
The student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities. The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
Fair officials seek workers
Indiana State Fair organizers are conducting a job fair Thursday from 3 p.m. to 7 p.m. in hopes of filling 500 openings for this year’s event. Jobs available include ticket seller, parking attendant and security. Anyone in line before 7 p.m. at the agriculture and horticulture building at the fairgrounds will be interviewed, officials said.
Walmart evacuated by threat
A Walmart Supercenter on Pendleton Pike in Lawrence was evacuated Thursday after a bomb threat was reported just before 8 a.m. Police searched the store for more than an hour before allowing it to reopen.
Man critically injured in fire
A man was critically injured by a fire in his Wayne Township home Thursday morning. The blaze broke out at about 9 a.m. in the 2500 block of South Holt Road. Officials said the fire was contained to one room and the attic.
IRT’s Stolen to exit in swell of arts group departures
Managing Director Steven Stolen will leave the repertory theater for a position with Rocketship Education. Other local performing arts executives stepping down are John Pickett of the Indianapolis Opera and Kirk Trevor of the Indianapolis Chamber Orchestra.
U.S. claims for unemployment benefits rise modestly
The Labor Department said the four-week average of Americans seeking unemployment aid inched up to 347,250, a third straight increase.
Indiana farmers make rapid progress planting corn
Indiana farmers who had worried that wet spring weather would prevent them from planting some of their corn fields are now ahead of schedule at getting the state’s top crop in the ground.
New Dunkin building design reveals second level
Under Keystone Group’s tentative plans, the developer would add a second story to the building at the high-profile corner of Washington and Pennsylvania streets in hopes of luring a national restaurant.