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Residential

The average rate for 30-year mortgages climbed from 3.50 percent to 3.52 percent in the week ended Dec. 12, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 2.85 percent.

Leases/leasing contracts

–John Hanley and Terry Busch of CBRE have been hired to sublease a 177,891-square-foot manufacturing plant on 9.9 acres at Exit Five Parkway near Interstate 69 and 116th Street. The plant, which is being vacated by Diamond Foods Inc. in January, will be available for sublease in February.

-Channeled Resources Group leased 48,600 square feet of industrial space at 6555 E. 30th St. The tenant was represented by Luke Wessel of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Brian Seitz and Brian Buschuk of Jones Lang LaSalle.
 
-Peng Li International Trading Inc. leased 27,657 square feet of industrial space at 1710 Jenkins St. The tenant was represented by J.D. Graves of CBRE. The landlord, Brookside Industrial Center LLC, was represented by Fritz Kauffman and Michael Weishaar of Cassidy Turley.

-Silicis Technologies Inc. leased 12,000 square feet of industrial space at 17110 Westfield Park Road, Westfield. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, James Thomas, was represented by Drew Pattyn of Northern Commercial.

-Carpet Decorators Inc. leased 9,600 square feet of industrial space at 5711 5741 W. Minnesota St. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Mark Hosfeld.

-Colliers International leased 7,614 square feet of office space at 9339 Priority Way West Drive. The tenant was represented by Sam Smith of Colliers International. The landlord, Pace Properties, was represented by Darrin Boyd and Dave Moore of Cassidy Turley.

-Interactions Corp. leased 5,878 square feet of office space at 3035 N. Shadeland Ave. The tenant was represented by John Crisp of Cassidy Turley. The landlord, First Highland, was represented by Bennett Williams of Cassidy Turley.

-Accurate Laser renewed its lease for 5,400 square feet of industrial space at Andrade Industrial, 10658 Andrade Drive, Zionsville. The landlord, Andrade Industrial LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-Advanced Construction leased 3,200 square feet of industrial space at Brookville Park 52, 8464 Brookville Road. The landlord, Brookville P52 LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.

-Powder Metal leased an additional 3,050 square feet of industrial space at Brookville Park 52, 8458 Brookville Road. The landlord, Brookville P52 LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.  
 
-Accelerated Health Systems Inc. leased 2,800 square feet at Greenwood Springs Shopping Center, 1273 Emerson Ave., Greenwood. The tenant was represented by Jonathan Sharp of Sharp Commercial Corp. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.

-Keith McClain leased 2,800 square feet of industrial space at Brookville Park 52, 8426 Brookville Road. The landlord, Brookville P52 LLC, was represented by Brady Clements of Skyline Property Group. The tenant represented itself.  

-CompareNetworks Inc. leased a 2,498-square-foot office space at Delaware Crossing I, 10150 Lantern Road, Fishers. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.  The tenant represented itself.

-Upland Brewing Co. leased 2,400 square feet at 116th Street Centre, 820 E 116th St., Carmel. The tenant was represented by Dave Harstad of Summit Realty Group. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
 
-Heartland Dental Care leased 2,400 square feet of retail space at 5855 5905 S. Madison Ave. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Isushi Cafe leased 2,317 square feet at 116th Street Centre, 820 E. 116th St., Carmel. The landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-McNamara Florist leased 2,262 square feet of retail space in Fall Creek Harbour, 10106 Brooks School Road, Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, FCH Associates LLC, was represented by Cindy Hoskinson of Lee & Associates.

-R&J Management Group Inc. dba Orange Leaf Yogurt leased 2,120 square feet of retail space in Greenfield Station Shopping Center, 1917 Melody Lane, Greenfield. The landlord, LOR Corp., was represented by Jacque Haynes of Cassidy Turley. The tenant represented itself.

-Rangeline Chiropractic leased 1,875 square feet of retail space at 614 622 S. Rangeline Road, Carmel. The tenant was represented by Allison Hawley of Cassidy Turley. The landlord, Mohawk Management Inc., represented itself.

-Neat O Inc. leased 1,874 square feet of retail space at 724 Broad Ripple Ave. The tenant was represented by Brooke Sipe of Alliance Commercial Real Estate. The landlord, Ossip Real Estate LLC, was represented by Jacque Haynes and Bennett Williams of Cassidy Turley.

-Precious Point Inc. leased 1,222 square feet of office space at 301 E. Carmel Drive, Carmel. The tenant was represented by Tom Hadley of Summit Realty Group. The landlord, Carmel 301 LLC, was represented by Kevin Dick of Colliers International.

Sales/acquisitions

-JP Indy I LLC bought a 159-pad mobile home park at 4000 Foltz Road. The buyer and seller, Empire TFI Indy Holdings LLC, were represented by Bob Lindgren and Ron Mannon of Lee & Associates.

-H&R Property Services LLC bought a 23,400-square-foot industrial building at 11230 N. State Road 67, Mooresville. The buyer and seller, JAL Revocable Trust, were represented by Mike Kensill of Lee & Associates.

-Galileo Properties LLC bought an 18,524-square-foot building on 1.72 acres at 1555 S Franklin Road. The seller, Brown & McCoy LLC, was represented by Cam Kucic of Summit Realty Group. The buyer represented itself.

-Sparton Warehouse & Distribution bought a 123,713-square-foot building at 3333 Mesilla Court. The buyer was represented by Kevin Kirkpatrick of Prudential Indiana and Dallas Paul of The Danberry Co. The seller, MAE Holding Co., was represented by Cam Kucic and Mike Lubbers of Summit Realty Group.                

-Hoosier Bear Realty LLC bought a 7,200-square-foot building at 2553 Emerson Access. The buyer was represented by Cam Kucic of Summit Realty Group. The seller, Lawn Care Services Inc., was represented by Matt McGrady of Summit Realty Group.

-Bagger Dave’s Burger Tavern bought a 1.27-acre outlot at Gable Crossing, 9646 E. U.S. 36, Avon. The buyer was represented by Robyn Smart of Lee & Associates.  The seller, HV Real Estate Corp., was represented by Christian Conville of Echo Retail.

Holiday scheduling note

Health Care & Reform Weekly will not publish the next two weeks. It will resume Jan. 7.

Lilly finds solace in new Alzheimer’s study

Eli Lilly and Co. suffered a delay in its effort to bring an Alzheimer’s drug to market this month, but it also published new research that the pharmaceutical company thinks confirms it is on the right track.

Daniels plans last road trip in RV

Gov. Mitch Daniels is planning one last trip in his campaign RV as it heads to the RV Hall of Fame. The Governor’s Office says Daniels is donating the vehicle, dubbed RV-1, to the Indiana State Museum, but it’s first going on display at the RV museum in Elkhart. Daniels and others involved in his gubernatorial campaigns are planning to ride in the RV on Wednesday from the Statehouse in Indianapolis to the museum in northern Indiana. Daniels leaves office as governor on Jan. 14.

Officer shoots home-invasion suspect

An Indianapolis Metropolitan Police Department officer is on administrative leave after shooting a suspect on Sunday in a south-side home invasion. Officers responded to the 200 block of Bakemeyer Street just before 11 a.m. Sunday. Multiple 911 callers had reported a man driving a green station wagon erratically in the area before backing into a driveway between two yellow houses. Police saw the suspect enter and later leave one of those two homes with a handgun. An officer fired at the suspect, striking him. The suspect was taken to Wishard Hospital in critical condition. The officer was placed on administrative leave, which is standard police procedure.

Health care pricing service comes to Indy

Chicago-based OkCopay Inc. posts prices offered by Indianapolis health care providers, many of which have agreed to give cash-paying patients a price roughly equivalent to those charged to insured customers. The site also includes pricing information from health care providers that do not give cash-paying patients an additional break.

Parks foundation gets $10M from Lilly Endowment

The Indianapolis Parks Foundation has received a record-setting $10 million grant from the Lilly Endowment to upgrade 13 parks in Marion County, the foundation announced Monday.

Durham files to appeal federal conviction

Indianapolis businessman Tim Durham has begun the process of appealing his conviction to the Seventh Circuit Court of Appeals in Chicago. Durham was sentenced to 50 years in prison after a jury found him guilty on 12 felony counts.

tim durham

People

Safis Solutions LLC has hired Thomas Stergar as director of business development. Stergar previously founded Diabco Life Sciences LLC, a nutraceutical ingredient manufacturer for diabetes, malnutrition and immune system enhancement. He holds a bachelor’s in psychology from Indiana University.

Richard Ashby will join St. Vincent Medical Group on Jan. 7 as director of physician recruiting. Ashby comes from Houston-based Intercede Health, a national medical management organization, where he oversaw physician recruiting business operations. Ashby holds a degree from Ball State University.

The Anson Group added Sharon Kvistad as a senior regulatory consultant. Kvistad, who has worked on regulatory issues for medical device companies for three decades, holds a degree in biology from the University of Minnesota.

Company news

State officials are expected to sign off on a one-year extension of the Healthy Indiana Plan started by Gov. Mitch Daniels, sparing the program’s roughly 40,000 enrollees a lapse in coverage, according to the Associated Press. Family and Social Services Administration spokeswoman Marni Lemons said the state received the needed paperwork from the federal government on Dec. 13. The federal Centers for Medicare and Medicaid Services agreed to a waiver that would allow the state to continue the program unchanged for a year, Lemons said. The HIP program offers health savings accounts to the working poor, requiring them in most cases to pay a monthly contribution to their savings accounts. The Daniels administration had sought a three-year extension of the program via the Centers for Medicare and Medicaid Services' waiver process, but the federal government replied in July with an offer of one year and a request that the state end mandatory contributions from enrollees. Lemons said the new offer allows Indiana to continue collecting a monthly contribution, but did not say why CMS reversed its position.

Milliman Inc., an actuarial and consulting firm, announced Friday morning that it plans to add 26 jobs in Indianapolis by 2017 as part of a $2 million expansion. The Seattle-based company, which has 54 offices worldwide, said the investment will go toward installing additional technology at its 25,000-square-foot office in downtown’s Chase Tower. Milliman already had 55 employees at the location and has begun hiring additional actuarial consultants. The Indiana Economic Development Corp. said it will provide Milliman up to $400,000 in performance-based tax credits and up to $97,000 in training grants based on the company's job-creation plans. Milliman has had a presence in Indianapolis since 1965.

A south-side entrepreneur unveiled plans Thursday to convert the old St. Francis Hospital in Beech Grove into a $20 million mixed-use senior-living development. Joe Wolfla, who helped lead the reintroduction last year of the chocolate beverage Choc-ola, announced the project at a Beech Grove Chamber of Commerce event. Dubbed Franciscan Place, the development will feature 150-plus apartments, shops and a restaurant in the old hospital. Wolfla purchased the 14-acre site from Franciscan St. Francis for $10. The property became available in March after the Catholic hospital system ended all inpatient operations at the facility. Franciscan announced five years ago that it would consolidate its Beech Grove operations into an expanded facility seven miles south, near Interstate 65 and Emerson Avenue. The Beech Grove hospital was founded in 1914 by the Sisters of St. Francis of Perpetual Adoration, an order of nuns based in Mishawaka. But it fell victim to the need for hospitals to attract patients using private health insurance, which pays generous prices compared to government-sponsored health plans such as Medicare and Medicaid.

Eli Lilly and Co. last week halted one clinical trial for a rheumatoid arthritis drug and announced a new trial for an Alzheimer’s drug. Both moves are potential setbacks for the Indianapolis-based drugmaker's product pipeline. Lilly stopped one of three Phase 3 trials it was conducting on the drug tabalumab, because it failed to show efficacy against rheumatoid arthritis. The other two trials are proceeding, but Lilly is holding off on enrolling new patients until more analyses are finished early next year. Lilly is still evaluating tabalumab in systemic lupus erythematosus. The company said it expects to take a pretax charge of $20 million to $35 million in the fourth quarter, or about 2 cents a share after tax. Lilly also announced that it needs to run another Phase 3 trial of its experimental Alzheimer's treatment solanezumab. That means it will likely take another five years before Lilly can launch solanezumab—assuming the new trial confirms and strengthens the signs that the drug helps slow the progression of Alzheimer’s in patients with mild forms of the disease. Lilly said the study will begin no later than the third quarter of 2013. With many other companies also testing Alzheimer’s drugs in Phase 3 trials, the delay means another company could beat Lilly in its quest to launch the first drug to successfully reverse the course of the memory-sapping disease.

Fishers to kick in $8M toward new I-69 interchange

The Fishers Town Council voted Monday to spend $8 million in local funds toward construction of an Interstate 69 exit at 106th Street that will cost an estimated $25 million to build.

You-review-it Monday

For me it was Indianapolis Opera’s “Amahl and the Night Visitors” plus lots of films. What about you?

Chrysler plans $162 million plant, 850 jobs in Tipton

Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.