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Residential

The average rate for 30-year mortgages rose from 4.14 percent to 4.15 percent for the week ended March 14, according to Bankrate.com. The rate for 15-year mortgages rose from 3.34 percent to 3.38 percent.

Leases/leasing contracts

-Cushman & Wakefield/Summit Realty Group has been hired by Connecticut-based Edgewood Capital Advisors LLC to take over leasing and property management of a 100,000-square-foot, multi-tenant office building at 2601 Metropolis Parkway, Plainfield. Summit brokers Rich Forslund and Matt Langfeldt will oversee marketing and leasing, and Summit’s Ken Petruska will oversee property management. There is 75,000-square-feet of contiguous space available in the building, which was occupied briefly by the former Galyan’s sporting goods chain.   

-Stericycle Inc. expanded its leased space in Duke Realty’s Park Fletcher Building 42, 2735 Fortune Circle West, by 52,971 square feet. The tenant was represented by Terry Busch and Nick Arterburn of CBRE. The landlord, Duke Realty, was represented by Duke’s Jay Archer.

-Circle Design Group Inc. renewed its lease for 13,221 square feet of office space at 5510 S. East St. The landlord, Healthcare Trust of America Inc., was represented by James Mount of Hokanson Cos. Inc. The tenant represented itself.

-Insurance Partners leased 5,642 square feet of office space at 8909 Purdue Road. The tenant was represented by Steve Wolkoff of Dury Investment Group. The landlord, Wells Real Estate Funds, was represented by Michael Semler of Cassidy Turley.

-CLEAResult Consulting Inc. leased 5,617 square feet at Duke Realty’s Park 100 Building 118, 5273-07 Lakeview Parkway South Drive. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, Duke Realty, was represented by Duke’s Adam Seger.   

-China Buffet renewed its lease of 4,640 square feet of retail space in Norgate Plaza, 7225-F N. Keystone Ave. The landlord was represented by Sandor Development. The tenant represented itself.
 
-Nederveld leased 3,305 square feet of office space in Park Castlewood, 8459 Castlewood Drive. The tenant was represented by Herb Feldmann of Lee & Associates. The landlord, KHK Investments, was represented by Spero Pulos of Lee & Associates.

-Bi Qin Shao leased 3,154 square feet at Pyramid Place Shops, 3508 W 86th St. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, Pyramid Place Shops LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.

-Holy Ground leased 2,250 square feet of office space in Park Castlewood, 8455 Castlewood Drive. The tenant and landlord, KHK Investments, were represented by Spero Pulos of Lee & Associates.

-Trinity Consultants Inc. leased 2,062 square feet at 7330 Woodland Drive. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Duke Realty, was represented by Duke’s Adam Seger.   

-Touch of Class Nails leased 1,600 square feet at Allyne Park, 1001 State Road 135, Greenwood.  The landlord, Allyne Parke Dynasty, was represented by Liz Yoho of Providence Development. The tenant represented itself.

-Pinocchio’s Ice Cream leased 1,600 square feet at Allyne Park, 1001 State Road 135, Greenwood. The tenant was represented by Mandy McGovern of Keller Williams Indy Metro South. The landlord, Allyne Park Dynasty, was represented by Liz Yoho of Providence Development.

-Van Horn Vacations LLC leased 644 square feet of office space at 5455 W 86th St.  The tenant was represented by David Simons of Velocity Real Estate.  The landlord, Polaris Commercial Investments, was represented by Dan Baldini of Polaris Real Estate.

Sales/acquisitions

SBV Acquisitions, a Kansas City-based owner of multifamily properties, bought Hillcrest Woods, a 384-unit apartment complex on 62 acres at 6201 Newberry Road. The price wasn’t disclosed. The buyer and Miami-based LNR Partners LLC, a special servicer acting on behalf of the property’s lender, were represented by Tikijian Associates.

People

Wishard Health Services named Dr. Christopher Weaver chief medical officer. He was vice president of clinical and business integration at Wishard, the county-owned hospital in Indianapolis. Weaver is also an associate professor of emergency medicine at the Indiana University School of Medicine. He earned his bachelor’s and medical degrees from the University of Kentucky. He also holds an MBA from Indiana University.

David Dvorak, CEO of Warsaw-based Zimmer Holdings Inc., has been named chairman of Washington, D.C.-based AdvaMed, the main lobbying group for the U.S. medical-device industry. Dvorak replaced Jim Mazzo, senior vice president of Abbott Medical Optics, who chaired AdvaMed since 2008.

Company news

Indianapolis-based Prosolia Inc. has licensed technology from the estate of John B. Fenn, a chemistry professor who won the 2002 Nobel Prize for developing new mass spectrometry. Prosolia makes instruments that can identify chemicals on paper, skin, fluids and other surfaces. The eight-person firm hopes the  technology allows it to launch new products next year to broaden its portfolio. Prosolia CEO Justin Wiseman said the Fenn technology “opens up less-penetrated markets in environmental, security, medical and food chemistry. We foresee several new product innovations from the Fenn technology, which we plan to commercialize in the near future."

Carmel-based CNO Financial Group Inc. has agreed to repay five customers more than $1 million that a former independent insurance agent stole from them, according to a report by A.M. Best Co. Jasmine Jamrus-Kassim sold annuities for Chicago-based Bankers Life and Casualty Co., a subsidiary of CNO Financial. She was arrested in March 2011 after an investigation by Washington state insurance regulators and has now been sentenced to six years in prison. The victims, age 74 to 90, thought the money was being reinvested but Kassim instead spent it to pay for online psychics, clothes, jewelry and a trip to Mexico, according to records from the Washington investigation.

Endocyte Inc. will submit its ovarian cancer drug EC145 for European market approval in the third quarter after the European Commission granted it "orphan drug" status. The submission means West Lafayette-based Endocyte could have its first commercial product as early as 2013. European regulators granted EC145 orphan status because large numbers of women have ovarian cancers that do not respond to typical chemotherapy treatments. And no new drug has been approved to treat ovarian cancer in 10 years. The European Commission also granted orphan status to an imaging agent Endocyte has developed, called EC20, which lights up ovarian tumors in women that have a genetic variation that makes them bond hungrily to folate. That’s important because EC145 is a combination of a powerful chemotherapy agent and folate, so that it enters cancerous cells but does not enter healthy cells. That allows EC145 to be more deadly to cancer, without serious side effects, than patients can tolerate with traditional chemotherapy agents.

A four-physician OB/GYN practice has merged with Indiana University Health Ball Memorial after a long-standing partnership. The Voss Center for Women of Muncie joined the IU Health system March 1. In addition to its four doctors, the practice includes four nurse practitioners. Hospitals are increasingly employing physicians, as financial pressures increase on independent practices and as reimbursement from public and private health plans encourages doctors and hospitals to work more closely to improve patient health.
 

Lilly gets good news on insulin

Decision by industry giant Pfizer Inc. to abandon its generic insulin project is good news for Eli Lilly and Co.

UPDATE: Manning set to sign with Denver, sources say

Peyton Manning wants to play for the Denver Broncos in Act II of his outstanding career. A person briefed on negotiations said the NFL's only four-time MVP called Tennessee Titans owner Bud Adams and told him that he had picked the Broncos.

Driver charged after crash injures passenger

A 23-year-old man was arrested Monday after police said he ran a red light and crashed Sunday night on the northwest side of Indianapolis, critically injuring his passenger. Marcos Antonio-Tomas was preliminarily charged with operating a vehicle while intoxicated and causing serious bodily injury.  Investigators said Antonio-Tomas was traveling northbound on Moller Road when he ran the red light at 34th Street, swerved to miss another vehicle, lost control and struck a utility pole. Zacarias Antonio, 23, was taken to Wishard Hospital with chest injuries.
 

Police seek suspect in canal shootings

Indianapolis police have identified a person of interest in a shooting that injured five teenagers Saturday night near downtown’s Central Canal. Police Chief Paul Ciesielski said they are searching for a 16-year-old who may have been involved. Five teens ranging in age from 14 to 17 were shot just after 10 p.m. near the Indiana History Center on the west bank of the Canal, between Ohio and New York streets. Three of the victims were treated and released from the hospital, but two remain hospitalized with serious injuries. An argument may have led to the shooting, but at least two of the victims were bystanders.
 

WellPoint ‘too cheap to ignore’

Miscues by WellPoint Inc.’s executives have, over the past year, depressed the health insurer’s stock price nearly 20 percent. That’s the upshot of analyst opinions gathered by Barron’s magazine in a March 15 article.

Hummel’s appeal uniquely universal

Purdue's heart-breaking loss Sunday had more than followers of the black and gold crying. But wipe your tears. Robbie Hummel wouldn't want it any other way.

Star union gains raises, can’t stop job cuts

After a months long Save The Star campaign, the Indianapolis Newspaper Guild last week ratified a contract guaranteeing its members raises of between 2 percent and 4 percent. But the union lost the fight to save local design jobs.

OneAmerica’s annual sales jump 29 percent

Sales at OneAmerica Financial Partners Inc. surged 29 percent in 2011, on top of a 24-percent jump in 2010, the Indianapolis-based life insurer announced Monday.

Popular barbershop gets makeover from community

Whiteland residents have rallied around a beloved barber who has been cutting hair in the Johnson County community for more than four decades by helping him remodel his shop.