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Wind-turbine company moving into Evansville plant

A company that makes wind-turbine blades says it will start its first U.S. facility at a former refrigerator plant in Evansville that Whirlpool Corp. closed last year. The business said it could employ up to 400 workers in the area by 2014.

Republic Airways’ stock price continues to sag

Returning its Frontier unit to profitability is seen as a daunting task, and some industry analysts have wondered aloud if the Denver subsidiary will end up in bankruptcy again or Republic will become an acquisition target.

Fair trustee settles with local political groups

The settlements involve donations made by Tim Durham totaling $60,000 to the Marion County Republican Central Committee, Greater Indianapolis Republican Finance Committee and the Committee to Elect Lawrence Mayor Paul Ricketts.

U.S. student-loan default rates jump sharply

The national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend for-profit colleges.

ExactTarget preparing for another IPO attempt

ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.

Senate passes overhaul of patent system

The legislation would fundamentally alter the way patents are reviewed and mark the biggest change to U.S. patent law since at least 1952.

FDA gets new report on Lilly diabetes drug

Drugmakers Eli Lilly and Co. and Amylin Pharmaceuticals Inc. said Monday that patients taking their potential once-weekly diabetes treatment, Bydureon, saw a significant improvement in cardiovascular risk factors.

Authors Guild sues universities over online books

Authors and authors' groups sued the University of Michigan, Indiana University and three other universities Monday, seeking to stop the creation of online libraries made up of as many as 7 million copyright-protected books they say were scanned without authorization.

Residential

On a seasonally adjusted basis, the pace of mortgage loan applications decreased 4.9 percent for the week ended Sept. 2, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.23 percent from 4.32 percent the previous week. The rate for 15-year mortgages fell to 3.41 percent from 3.49 percent.

People

Pete Powers has been named president of Domain Renovations, a Carmel-based construction firm.

Leases/leasing contracts

-State Farm Insurance leased 88,408 square feet at 9200 Keystone Crossing. The tenant was represented by Aasif Bade of Ambrose Property Group. The landlord, BPG Properties Ltd., was represented by John Robinson and Abby Cooper of Jones Lang LaSalle.

-The Marion County Community Correction Board leased 14,960 square feet at 140 E. Washington St. The tenant was represented by Rick Lux of R.P. Lux Co. The landlord, Sayles Enterprises LLC, was represented by Dan Richardson and Nick Svarczkopf of CB Richard Ellis.

-Allegient leased 11,500 square feet at Meridian Tower, 201 W. 103rd St. The tenant was represented by Mike Napariu of REI Investments CPA. The landlord, BPG Properties Ltd., was represented by Adam Broderick and John Robinson of Jones Lang LaSalle.  

-Grand Slam Realty leased 7,468 square feet at Fidelity Plaza-Sepro Tower, 11550 N. Meridian St., Carmel. The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, Sepro Development Co. II LLC, was represented by Alex Cantu of Summit Realty Group.

-NIAAA leased 4,565 square feet at 9100 Keystone Crossing. The tenant was represented by Andrew Martin of Cassidy Turley. The landlord, BPG Properties Ltd., was represented by John Robinson and Abby Cooper of Jones Lang LaSalle.

-ProScan Imaging of Indianapolis LLC extended its lease for 4,130 square feet at Prestwick Pointe II, 5250 E. US Highway 36, Avon. The landlord, Weston Group LLC, was represented by Stephen Daum of Summit Realty Group. The tenant represented itself.
 
-Sabre Communications Corp. leased 3,275 square feet at 800 E. 96th St. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, Duke Realty Corp., was represented by Adam Seger of Duke.  
            
-Laundry Bright Inc. leased 3,168 square feet at Hanna Shoppes, 3915 Madison Ave. The tenant was represented by Jodi Milto of Midland Atlantic. The landlord, RCS Holdings LLC, was represented by Jeff Merritt of Summit Realty Group.

-McKinley Jones & Associates leased 2,066 square feet at 4701 N. Keystone Ave. The landlord, Visiting Nurse Service Inc., was represented by Bill Ehret and Alex Cantu of Summit Realty Group. The tenant represented itself.
 
-Tactic Marketing Inc. leased 1,550 square feet of office space at 1 N. Meridian St. The tenant was represented by Bennett Williams and Andrew Martin of Cassidy Turley. The landlord, King Cole Investors LLC, was represented by Brent Benge of Paradigm Real Estate Investments.

-BBB Therapy LLC extended its lease for 1,547 square feet at 70 E. 91st St. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin of Cassidy Turley.

-M&V Computer Repair leased 1,200 square feet at 3350 N. High School Road. The tenant was represented by Kelli Membreno of Libertad Real Estate. The landlord, Pentak LLC, was represented by Keith Kleinmaier of Retail Realty.

-Insomnia Cookies of Indiana LLC leased 855 square feet at 809 Broad Ripple Ave. The tenant was represented by Jeff Merritt of Summit Realty Group. The landlord, 801 Realty LLC, was represented by Todd Camesasca of Kosene & Kosene Inc.

Sales/acquisitions

-CABOT Properties bought a 163,200-square-foot, multi-tenant warehouse at 2011-2121 Southtech Drive, Greenwood. The price wasn’t disclosed. The seller, RBA LLC, a joint venture of Browning Investments and Republic Development, was represented by J. Jeffrey Castell and Angela J. Wethington of Cassidy Turley. The buyer represented itself.

-Boehning Way LLC bought 1.5 acres of land at 2140 N. Boehning Way. The price wasn’t disclosed. The seller, GH Properties LP, was represented by Tracey Holtzman of Midland Atlantic. The buyer represented itself.

Correction

Sarah Herd leased 1,500 square feet in Sycamore Springs Office Park, 4725 Statesman Drive, Suite F. A lease announcement in last week’s Real Estate Weekly misidentified the tenant.

IBM putting Watson to work in health insurance

IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the nation’s largest health insurers to help diagnose medical problems and authorize treatments.

Man shot outside local restaurant

Indianapolis police are investigating an overnight shooting near 34th Street and Arlington Avenue that sent the victim to Wishard Hospital with multiple gunshot wounds. The victim, who is in critical but stable condition, left The Point Restaurant & Lounge just before the shooting.

Apartments gutted by fire

A northwest-side apartment building was hit by two fires within 12 hours Sunday afternoon and early Monday morning. Guion Creek Apartments, in 5900 block of Guion Road, was heavily damaged by fires that occurred at 2 p.m. Sunday and 1 a.m. Monday. No injuries were reported but at least six families have been displaced. Investigators are trying to determine the cause of the fires and whether they were related.

Man dies after crash into semi

A man died Monday morning when the Buick Skylark he was driving slid under the back of a semitrailer in the 2400 block of North Shadeland Avenue. Indianapolis police said the semi was just starting to pull forward at a traffic signal about 5:50 a.m. when the car ran into it. There were no skid marks at the scene to indicate the driver of the car tried to brake before impact. Police said they don’t believe alcohol was a factor in the crash.