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Gregg Hendershot has been hired to lead Milhaus Construction, a new division of Milhaus Development.

Residential

The average rate for 30-year mortgages inched up from 4.23 percent to 4.25 percent in the week ended April 4, according to Bankrate.com. The rate for 15-year mortgages fell to 3.42 percent from 3.44 percent.

Leases/leasing contracts

-Marsh Supermarkets renewed its lease for 45,643 square feet at Northbrook Shopping Center, 1435 W 86th St. The landlord, 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.

-NTR Metals leased 7,000 square feet of industrial space at 4014 W. 10th St. Both the tenant and landlord, Speedway Industrial Park, were represented by Bill Byram of Cassidy Turley.

-Tommy Guns Inc. leased 5,400 square feet of industrial space at 5303-5331 W. 86th St.. The tenant was represented by Steve Beals of Lee & Associates. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley.

-Economy Linen and Towel Service Inc. renewed its lease for 5,200 square feet of industrial space at 3880 Pendleton Way. The tenant was represented by Fritz Kauffman of Cassidy Turley. The landlord, Mann Properties, was represented by Craig Cleveland of Mann Properties.

-Waddell & Reed leased 4,761 square feet at 9000 Keystone Crossing. The tenant was represented by Bill Early of Copakan Brooks. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-UGL-Equis Corp. leased 4,054 square feet at 9100 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.

-Rushing Financial leased 3,984 square feet at 8888 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-City Securities leased 3,957 square feet at 8900 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.       

-Resista Temps Inc. leased 3,670 square feet of industrial space at 8930 Bash St. The tenant was represented by Chris Alexander of UGL Equis. The landlord, Westminster Northeast LLC, was represented by Todd Vannatta and Bryan Miller of Cassidy Turley.

-Barton Pool Company LLC leased 3,300 square feet of industrial space at 6849 Hawthorn Park Drive. The tenant was represented by Dustin Looper of Colliers International. The landlord, Mann Properties, represented itself.

-Ritchie Marketing Inc. leased 2,700 square feet of industrial space at 5058-5148 W. 79th St. The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley.

-Tully Bevilaqua LLC dba Gym41 leased 2,700 square feet of industrial space at 5303-5331 W. 86th St. The landlord, Forester Properties Inc., was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.  
    
-Fraser Holdings leased 2,445 square feet of office space in Library Park, 633 Library Park Drive, Greenwood. The tenant was represented by Mike Kensill of Lee & Associates. The landlord, Phoenix Properties LLC, was represented by Cathy Richards of Lee & Associates.

-Sign-A-Rama renewed its lease for 1,300 square feet at Greenbrook Shoppes, 8319 US Highway 31. The landlord, Williams Realty Nine LLC, was represented by John Baker of Sitehawk Retail Real Estate. The tenant represented itself.

Sales/acquisitions

Cardinal Wireless Inc. bought a 12,000-square-foot building at 6925 Hawthorne Park Drive. The price wasn’t disclosed. The seller, Newman Enterprises LLC, was represented by Keith Dedrick of Corporate Commercial Group. The buyer represented itself.

Lower crop reserves raising food costs in election year

U.S. corn stockpiles are poised to be the smallest in 16 years by August and soybean reserves will be lower than the government expected, potentially accelerating food-price inflation in an election year.

Man in car shot multiple times

A man who was shot in his car before driving into a house Sunday afternoon was likely the victim of multiple shooters, Indianapolis police say. William Newton, 30, was traveling south in a Dodge Charger on Indianapolis Avenue about 2 p.m. when he stopped at 28th Street. Witnesses say they heard as many as 10 shots erupt from another vehicle. A passenger in Newton’s car suffered minor injuries. Police said the shooters likely fled in a silver or gray Ford Fusion with Illinois or New York plates.
 

Ex-Colts quarterback Kiel dies

Former University of Notre Dame and Indianapolis Colts quarterback Blair Kiel died Sunday at age 50 after being rushed from a relative’s home to Columbus Regional Hospital. Kiel won a state football championship at Columbus East High School and was a four-year starter for Notre Dame beginning in 1980. He played in the National Football League for seven seasons, including the 1986 and 1987 seasons with the Colts. A coroner said Kiel died of natural causes, but tests are pending.
 

Gas station robbery suspect nabbed

A suspect in a Broad Ripple gas station robbery was taken into custody following a short police pursuit Monday morning. Indianapolis police say the suspect robbed a Marathon gas station and store in the 2000 block of Broad Ripple Avenue about 7 a.m. before fleeing on foot. The suspect was apprehended a short while later in the 5900 block of Hillside Avenue, less than a mile from the station.

IU professors top Purdue’s in pay after freeze ends

After the recession forced a freeze in its professors’ pay, IU’s flagship Bloomington campus boosted faculty salaries roughly 6 percent this year, vaulting its top professors’ pay past Purdue’s professors.

If Bird retires, is it Miller time?

While some have argued that Reggie Miller doesn't have the resume to take over as Pacers' basketball operations boss, others think he would be the connection that draws fans back to the Fieldhouse in droves.

Union says right-to-work law violates free speech

Union attorneys are using a U.S. Supreme Court ruling that gave corporations and unions the green light to spend unlimited sums of cash on campaign ads as part of a legal effort to overturn Indiana's new right-to-work law.

Lilly wins FDA approval for Alzheimer’s imaging agent

The agent, called Amyvid, is not expected to produce high-dollar sales for Lilly, but it could help to identify patients with Alzheimer’s—and those without it—earlier, perhaps improving treatment and focusing research efforts.

University of Indianapolis selects new president

Georgetown University Associate Provost and Dean Robert L. Manuel will become president of the University of Indianapolis in July, succeeding Beverley J. Pitts, who is retiring after seven years at the school.

Political, legal fights emerge over school vouchers

For all the arguments in favor of school vouchers, there are opponents who say vouchers erode public schools by taking away money, violate the separation of church and state by giving public dollars to religious-based private schools, and aren't a proven way to improve test scores.

Lugar, Mourdock prepare for lone debate in Senate race

Until now, Indiana's Senate Republican primary race between longtime U.S. Sen. Richard Lugar and Indiana Treasurer Richard Mourdock has been dominated by television ads, millions of campaign phone calls and foment among Indiana's strong base of conservative voters:

Merger of pollution boards worries enviros, chamber

A new state law that merges three longtime rule-making boards into a single panel is stoking concerns among business and environmental groups about what the shift could eventually mean for Indiana's environmental regulations.