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Residential

November 7, 2011

The average rate for 30-year mortgages fell from 4.33 percent to 4.23 percent for the week ended Nov. 2, according to Bankrate.com. The rate for 15-year mortgages fell to 3.48 percent from 3.57 percent.

Leases/leasing contracts

November 7, 2011

-CNG Source Inc. leased 24,060 square feet of industrial space at 1350 Brookville Way. The tenant was represented by Michael Weishaar of Cassidy Turley.  The landlord, First Industrial Realty Trust, was represented by Brian Buschuk and Brian Seitz of Jones Lang LaSalle.  

-Virtual Marketing Strategies Inc. leased 22,578 square feet of office space at 8425 Woodfield Crossing. The tenant was represented by Matt Langfeldt of Summit Realty Group. The landlord, Cassidy Turley, acting as court-appointed receiver, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.

-Cascade Asset Management LLC leased 15,672 square feet of industrial space at 5121-5151 Decatur Blvd. The tenant was represented by Kelly Williams of Cassidy Turley. The landlord, Holladay Properties, was represented by Matt Dickerson of Jones Lang LaSalle.

-St. Joseph Institute for the Deaf leased 10,540 square feet of retail space at 9192 Waldemar Road. The tenant was represented by Tom Osborne of Colliers International. The landlord, Landco-Waldemar, represented itself.
 
-Tech Electronics Inc. leased 8,000 square feet of industrial space at 2350-2360 Executive Drive. The tenant was represented by Kyle Powell of Cassidy Turley. The landlord, RJ Moore Family Partnership, was represented by Jake Sturman of Jones Lang LaSalle.

-ASC Group leased 3,540 square feet of office space at 9376 Castlegate. The tenant was represented by Paul Dick and Kevin Dick of Colliers International.  The landlord, Castlegate Associates LLP, was represented by Tyler Mensch of Cassidy Turley.
 
-LincLogix Inc. leased 2,638 square feet of office space at 7439 Woodland Drive. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, Tau Kappa Epsilon Fraternity, was represented by George Crawford of NAI Meridian Real Estate Services.

-Weight Watchers leased 1,600 square feet of retail space in Centre East, 10537 E. Washington St. The tenant was represented by Robyn Smart of Lee & Associates. The landlord, Centre East LLC, was represented by Jake Teter of Centre Properties.

-Riverwood Financial Group LLC leased 1,529 square feet of office space at Carmel Office Court, 301 E. Carmel Drive #F100, Carmel. The landlord, Carmel-301 LLC, was represented by Paul Dick and Kevin Dick of Colliers International.  The tenant represented itself.

-Indiana District of Kiwanis International leased 1,396 square feet of office space at 8060 Knue Road. The landlord, NorthStar Realty Finance Corp., was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.

-Edward D. Jones & Co. LLP leased 1,157 square feet of office space at 4181 E. 96th St. The tenant was represented by Dave Ellis of Fenway Commercial Real Estate. The landlord, WAFS LLC, was represented by Brad King and Kevin Dick of Colliers International.
 
-Muscle Relief & Relaxation expanded its office lease to 1,125 square feet at  Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Solo Diagnostics leased 700 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

Sales/acquisitions

November 7, 2011

-Ko’s Karate Studio bought a 3,500-square-foot building at 910 Fry Road, Greenwood. The price wasn’t disclosed. The buyer was represented by David Davis of Weinhert Realtors. The seller, Anne Investments, was represented by Brenda Richards and Robert Lane of Carpenter Commercial Realtors.

-Mt. Pleasant Christian Fellowship Church bought the 8,100-square-foot Advent Lutheran Church at 2425 S. Emerson Ave., Greenwood. The price wasn’t disclosed. The buyer was represented by Brenda Richards of Carpenter Commercial Realtors. The seller was represented by Robert J. Lane of Carpenter Commercial Realtors.

-Falam Baptist Church bought the 12,000-square-foot Mt. Pleasant Christian Fellowship Church at 631 N. Meridian St., Greenwood. The price wasn’t disclosed. The buyer was represented by Robert J. Lane of Carpenter Commercial Realtors. The seller was represented by Brenda Richards of Carpenter Commercial Realtors.

Broad Ripple buildings slated for office conversion

November 7, 2011

Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.

Indiana littered with 2,100 leaking underground tanks

November 7, 2011

The Indiana Department of Environmental Management is tracking about 2,100 sites with leaking tanks, many of which contain gasoline and diesel fuel that can damage soil and contaminate groundwater.

Man crashes into home, injures girl

November 7, 2011

A 9-year-old girl was injured after a truck drove through an Indianapolis home near West 38th Street and Georgetown Road early Sunday morning. Homeowner Jamie Cutler woke up about 3:15 a.m. when the truck crashed into her home in the 3600 block of Beasley Drive, pushing the couch her daughter was sleeping on through a bedroom wall. Her daughter escaped injury, but Cutler’s 9-year-old niece was found under a pile of debris. The girl was taken to Riley Hospital for Children in stable condition. The driver of the truck, Gonzalo Cruz-Cruz, 23, of Indianapolis fled the scene on foot. He was arrested a short time later on charges of drinking while driving and leaving the scene of a crash causing injury. Damage to the home was estimated at $30,000.
 

Man arrested in pizza delivery shooting

November 7, 2011

Bloomington police arrested 21-year-old James Finney Monday morning in connection with the fatal shooting of a pizza delivery man. Adam Sarnecki, 22, was shot just after midnight Nov. 4 outside the Pizza X store by a man he said was attempting to break into a car. Sarnecki was able to provide a description of the suspect before he was taken to the hospital, where he died after surgery. Finney was booked into the Monroe County Jail on preliminary charges of murder.

Jogger finds body in Shelby County

November 7, 2011

A jogger found a body in a ditch Sunday afternoon in Shelby County, police say. According to officers, a person was jogging about three miles from Indiana Live Casino on 700 North about 4:30 p.m. when the body was discovered. Detectives did not release information about the body, including gender or an estimated age.

Mayoral election outcome could hinge on turnout

November 7, 2011

The fate of mayoral and City-County Council candidates in Tuesday’s election is likely to come down to turnout in a few key districts, including Center Township and southern Marion County.

West-side Godby building in foreclosure

November 7, 2011

A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building’s tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.

Congress moves to create new farm subsidy

November 7, 2011

Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices.

You-review-it Monday

November 7, 2011

What did you hear, see or do this weekend?

Glucose monitor deal helps Roche catch up

November 7, 2011

Roche Diagnostics will partner with a San Diego firm to incorporate its continuous glucose monitoring sensor with a wireless handheld device Roche is developing to help diabetics test their blood sugar and track their glucose levels throughout the day.

Vigo County brick factory steps up production

November 7, 2011

The plant is targeting far-off customers while it waits for the Midwestern economy to rebound.

Candidates downplay party labels in campaigns

November 7, 2011

The "unbranding" of the Indiana candidates is a clear political strategy as more voters tend to shed their party affiliation and identify themselves as independents.

New Indiana commerce chief focuses on small companies

November 7, 2011

The new head of the Indiana Economic Development Corp. says the agency is turning its focus to smaller companies and getting them to relocate to the state so they can build their roots.

Central Indiana cities hope for lift from Super Bowl

November 6, 2011

Hotel operators in Kokomo and Muncie are among those who’ve seen signs the game in Indianapolis will improve their business.

Occupy protesters march through downtown, berate banks

November 5, 2011

Dozens marched from the Statehouse to Monument Circle encouraging people to shift their money to credit unions.

State takes steps to save money on scholarship program

November 5, 2011

New eligibility requirements are designed to stem costs that have outstripped state’s ability to pay.

Lilly not responsible for Zyprexa user’s death, jury finds

November 5, 2011

It’s the first verdict in a Zyprexa case since litigation over the antipsychotic drug, the drugmaker’s top seller, began more than eight years ago.

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