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Bike accidents, injuries on rise

A new study shows traffic collisions involving bicycles are on the rise in Indiana. Conducted by the Indiana University Center for Criminal Justice Research, the study found a 7-percent increase in cyclists involved in traffic collisions from 2009 to 2010. The number of fatalities associated with a bicycle crashes increased from seven in 2009 to 14 in 2010, and the number of serious injuries increased from 64 to 81 over the same period. The study was conducted on behalf of Bicycle Indiana, a statewide not-for-profit organization that promotes safe bicycling.

Horses escape Noblesville fire

A Noblesville family and six horses escaped harm during a fire that destroyed two barns on family’s property. Firefighters responded to the fire in the 16800 block of Hazel Dell Road about 7:20 p.m. Monday. By the time they arrived, one barn was fully engulfed in flames and the other was 50-percent consumed. The owners, Norman and Peggy Mindrebo, were home at the time and able to get six horses safely out of the pasture. Officials are still investigating the cause of the blaze.

Death of Greenwood woman ruled homicide

The death of a Greenwood woman was ruled a homicide Tuesday by the Johnson County coroner. Michelle Andrews, 45, died from blunt-force trauma, autopsy results found. Andrews was found dead by a friend Saturday night in her apartment at the Stonehedge Apartments, near County Line Road and State Road 135. Police say they are pursuing leads in the case.

UPS plans $10 million upgrade on northwest side

United Parcel Service Inc. is planning a $10 million modernization project for a regional transportation hub in Indianapolis and is seeking tax incentives to help make it happen. The project would help the company retain 750 local jobs.

Jackson Systems plans expansion, 32 jobs

Environmental control maker Jackson Systems LLC plans to expand its Beech Grove operations, almost doubling its work force and the size of its headquarters by 2014.

Rolls-Royce must face whistle-blowers’ lawsuit

Rolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers claiming the company cheated the United States by failing to report defense-contract product defects.

Indiana hires Deloitte to assess $500M in mistakes

Indiana's state budget leaders picked international accounting firm Deloitte on Monday to determine the scope of an external audit looking at how the state lost track of more than $500 million in tax revenues.

Indiana state tax collections take May dip

May's state tax revenue came in $143 million below projections. That comes after April's revenue was up about $159 million due to faster-than-usual tax returns processing.

Pepsi dropping its name from Indiana fairgrounds arena

Pepsi is dropping its name from the Indiana State Fairgrounds' Pepsi Coliseum after more than 20 years as the arena’s title sponsor. Fair officials could not agree on a new naming rights contract with PepsiCo Inc.

Dead fugitive from central Indiana defrauded hundreds

Oregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30 million.

IU research leads to new genetic test

It took the identification of 19 different genes for researchers at the Indiana University School of Medicine to develop a test for a rare form of cancer. But their gene-hunting has paid off, as a Texas-based company announced Monday the test is available for doctors to use.

Construction

-Capitol Construction has completed a 4,500-square-foot office build-out for Batesville Interactive at 9265 Counselors Row.

-Capitol Construction has completed a 4,500-square-foot office build-out for Centerfield Capitol at 10 W Market St.

-Halakar Construction has completed 4,979-square-foot office build-out for eImagine at Waterplace Park, 8925-9011 N. Meridian St.
 
-Halakar Construction has completed a 1,486-square-foot office build-out for United Way at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.

-Halakar Construction has completed a 2,261-square-foot office build-out for Lawson Elser at Fidelity Keystone Tower, 650 E. Carmel Drive, Carmel.

Residential

The average rate for 30-year mortgages fell from 3.97 percent to 3.94 percent for the week ended May 30, according to Bankrate.com. The rate for 15-year mortgages fell from 3.19 percent to 3.15 percent.

Leases/leasing contracts

-Carrier Corp. renewed its lease for 436,343 square feet of distribution space at 710 South Girls School Road. The tenant was represented by Randy Rome of Cushman & Wakefield, and Andrew Morris, Jeremy Woods and Andrea Hopper of Summit Realty Group. The landlord, Transpacific Development Co., represented itself.

-Venture Logistics leased 299,000 square feet at 7901 W. 21st St.  The tenant was represented by John Demaree of Summit Realty Group. The landlord, First Industrial, represented itself.

-O'Baby Enterprises Inc., dba Ace Hardware, leased 10,266 square feet at Noblesville Square Shopping Center, Westview Road and River Avenue, Noblesville. The tenant was represented by Nicholas Wright of Newbridge Commercial Real Estate Inc. The landlord, Riverview Hospital, was represented by Tom Kenley of Ayer’s Realty.

-SearchSoft Solutions Inc. leased 4,958 square feet of office space at 47 S. Meridian St. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Bodner Opera House LLC, was represented by Alex Cantu of Summit Realty Group.

-Anacore Inc. leased 3,655 square feet of office space at 11711 N. College Ave., Carmel. The tenant was represented by Kim Hartman, Tom Osborne, and R.J. Rudolph of Colliers International.  The landlord, CFS at North College Receivership Estate, was represented by David Ciechanowicz and Jim Logan of Colliers International.

-Tulip Foot Spa leased 2,750 square feet at Yates Center, 1930 E. Stop 13 Road. The tenant was represented by Jun Liu of Carpenter Realty. The landlord, Yates Real Estate LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.  
 
-Tri-State Coatings leased 2,600 square feet of flex space at Hague Business Center, 7745 E. 89th St. The tenant was represented by Mike Napariu of REI Real Estate Services LLC. The landlord, HBC Co., was represented by John Corey of Levi Investment Realty.

-Xiik LLC leased 2,240 square feet of office space at 107 S. Pennsylvania St. The tenant was represented by Andrew Martin and Bennett Williams of Cassidy Turley. The landlord, CIB Building Facilities Corp., was represented by Mike Semler of Cassidy Turley.

-Drs. Smith, Herman, Cebulko, Russell, Cofresi and Stone leased 2,181 square feet of office space at 3077 E. 98th St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Laser & Light Surgery Center Inc. renewed its lease for 1,714 square feet at Indiana American Office Park, Building 2, 533 E. County Line Road, Greenwood. The landlord, I – A Building 2 LLC, was represented by Jeff Merritt and Tim Norton of Summit Realty Group. The tenant represented itself.

-Farmer Lumpe + McClelland leased 1,515 square feet of office space at 3091 E. 98th St. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, Brookfield Real Estate Opportunity Group, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Uzelac & Associates Inc. leased 1,500 square feet at Chapel Hill Professional Complex, 650-652 N. Girls School Road. The landlord, JMMS LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.

-Indiana Spray Foam LLC leased 1,260 square feet at 9815 Mayflower Park Drive, Carmel. The landlord, ICS II LLC, was represented by Jeff Merritt of Summit Realty Group. The tenant represented itself.

Sales/acquisitions

11711 N. College LLC bought a 74,395-square-foot office building at 11711 N. College Ave., Carmel. The price wasn’t disclosed. The seller, CFS at North College Receivership Estate, was represented by Kim Hartman, Tom Osborne and R.J. Rudolph of Colliers International. The buyer represented itself.

CBHS Inc. bought a 13,396-square-foot building at 5368 Professional Circle. The price wasn’t disclosed. The seller, UFCW Local 700, was represented by Matt Jackson of Ambrose Property Group. The buyer represented itself.

Company news

EMC Precision Machining in Sheridan gave each of its 93 employees a bicycle Friday for exceeding cost-cutting goals. The incentive is part of a larger campaign the company adopted this year to promote both employee and company health and fitness. The bikes are a reward to employees for submitting ideas approved by the company that should result in annual savings of $300,000—double the goal set by EMC. The company spent about $30,000 to purchase the bikes and to throw a cookout to celebrate the occasion. EMC was founded in Ohio in 1925 and opened its Sheridan location in 2009 after purchasing Biddle Precision Components.

A Cicero-based developer has signed a national senior-living company to operate four new developments it plans for Indiana. Mainstreet Property Group LLC said May 30 that it has entered into a joint venture with Des Moines-based Life Care Services for new projects in Wabash, Avon, Westfield and Crawfordsville. Construction has begun on Wabash Health and Wellness Suites, a $15 million nursing and assisted-living property. Earlier in May, Mainstreet filed a prospectus for a new publicly traded company called HealthLease Properties Real Estate Investment Trust, which would be traded on the Toronto Stock Exchange. Mainstreet is seeking to raise $110 million, according to a prospectus. The Mainstreet-LCS project site in Westfield is adjacent to Grand Park, and the site in Avon is at 10307 E. County Road 100 North. Neither of those projects will be part of the new REIT. Earlier this year, Mainstreet received approval from the city of Indianapolis to build a $15.7 million senior health care center at East 16th Street and Arlington Avenue. Overall, the company owns or co-owns at least 13 senior health care centers in Indiana, Illinois and Ohio, and has at least six more under development. It also plans to break ground on up to 12 centers by the end of the year.

The Indiana University National Center of Excellence in Women's Health has been awarded two grants from the Indiana State Department of Health, totaling nearly $400,000, to focus on preventing pregnancies, especially among teens. The money will be used to pay for a traveling bus, which will provide health screenings and education programs in Marion, Clay and Delaware counties. The IU center also hopes to partner with health care providers in other parts of the state where women have poor access to primary health care resources.