Real Estate & Retail

VOICES FROM THE INDUSTRY: Does your 401(k) work as well as most pension plans?Restricted Content

September 26, 2005
Ed Snyder
This is definitely not the headline most workers wanted to see on the business section of the newspaper: "Traditional e m p l oy e r- f u n d e d pension plans outperformed worker-funded 401(k) plans during bear market." The findings, based on a study conducted by the employee-ben efit consulting firm of Watson Wyatt Worldwide, bolstered critics' arguments that 401(k) and similar retirement plans are not up to the task, when compared with defined-benefit pension plans, of...
More

Winning the wallets of the ultra-wealthy: Local investment firm enters fight for lucrative marketRestricted Content

September 26, 2005
Peter Schnitzler
City Securities has placed attorney Stephan Hodge, a former Indiana state securities commissioner, and Kenneth Klabunde, a certified financial planner, at the helm of its recently established three-person Wealth Advisors division. Their goal is to offer portfolio management, tax planning, trust preparation and a host of other financial products to folks with at least $3 million to $5 million in assets. But they plan to deliver it with a level of personal attention few Hoosiers receive. And much of their...
More

'1-of-a-kind' Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstoreRestricted Content

September 26, 2005
Tammy Lieber
A Michigan developer plans to build a 300,000-square-foot shopping center anchored by a Wal-Mart Supercenter along Michigan Road north of 106th Street, continuing the rapid expansion of retail on the Michigan Road corridor. Heritage RDG LLC, a Grand Rapids, Mich.-based developer new to the Indianapolis market, recently filed plans with town officials in both Zionsville and Carmel to build the center. The 36-acre parcel straddles the Boone-Hamilton county line and must be approved by local governments in both counties. Project...
More

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel clubRestricted Content

September 19, 2005
Chris O\'malley
Ambassadair Travel Club Inc. may chart a new destination with the help of a Chicago private equity firm whose holdings range from gas station chain Clark Brands to coffee-pot-maker West Bend. Waveland Investments LLC is the face behind Waveland Holdings LLC, an entity named in court records as signing a letter of intent to acquire Ambassadair from bankrupt parent ATA Holdings Corp. While Ambassadair said it remains profitable, despite ATA's troubles, it has lost more than 20 percent of the...
More

Opportunity ... .. or Albatross?: Winona bankruptcy creditors move toward sheriff's saleRestricted Content

September 19, 2005
Tom Murphy
A sheriff's sale to the highest bidder may be the fate of the once-bustling Winona Memorial Hospital. Bankruptcy creditors, frustrated that they haven't found a buyer for the vacant near-northside property, plan to seek a foreclosure that clears the way for public auctions of the hospital and an adjacent nursing home. A sale and renovation of the properties could boost the neighborhood surrounding Winona, a part of town that has struggled but is riding a wave of good news the...
More

Interest high for soon-to-be-shuttered foundry: Size, location make redevelopment promisingRestricted Content

September 19, 2005
Tammy Lieber
When the workers at DaimlerChrysler Corp.'s Indianapolis Foundry clock out for the last time at the end of the month, they'll leave behind 756,000 square feet of factory space, tons of equipment, and more than 52 acres of industrial land on the city's west side. Rather than becoming a rusting industrial relic along Interstate 70, however, the buildings will be razed and real estate experts expect the land will soon find a new use, albeit likely not for a factory....
More

IPS seeks property swap: School district will trade prime Mass Ave land if deal is rightRestricted Content

September 12, 2005
Tracy Donhardtreporter
But an unusual component of the soon-to-be-released request for proposals by Indianapolis Public Schools, the property's owner, has many wondering if anyone has what it will take to win the coveted piece of real estate. What it'll take is the offering of a replacement facility where IPS can move its central transportation facility and other school district operations. "That's the general concept," said SteveYoung, chief of facilities management for IPS. "We're not looking to sell it. We would have to...
More

CEO Dunn not afraid to shake it up: Changes help Steak n Shake capture Enterprise AwardRestricted Content

September 12, 2005
Greg Andrews
When an executive recruiter contacted Peter Dunn a few years ago about a top post at The Steak n Shake Co., he wasn't sure what to think. "I wondered what kind of steaks they served with milkshakes," he recalled with a laugh. Today, Dunn, Steak n Shake's president and CEO, probably knows more about the company than anyone in its 71-year history. The newcomer to the restaurant industry, a Harvard grad with an MBA from the University of Virginia, has...
More

VOICES FROM THE INDUSTRY: Efficient, tasteful design can help maximize productivityRestricted Content

September 5, 2005
Sandi Kramer
Productivity. Comfort. Longevity. While the old saying about location applies to most commercial real estate decisions, the issues of promoting productivity, providing a comfortable working environment and choosing materials that last become preeminent after the lease is signed. current space-is not something you do everyday. If you're part of a mid-sized or small business, then it's highly likely that you're juggling real estate decisions at the same time you're trying to advance your business. As a result of this pressure,...
More

Staffing agency seeks bankruptcy protection: Morley Group begins reorganizing $5.3 million debtRestricted Content

September 5, 2005
Scott Olson
The 13-year-old staffing agency already owes the bank $1.94 million-a $1.17 million loan used to construct its headquarters and about $768,000 for operating expenses. President Michael Morley blamed poor economic conditions for the filing. He said the company hopes to emerge from bankruptcy quickly. "Our business is just now starting to come back and increase," he said. "We're going to be able to straighten this out. We're not taking this lightly." Other debts listed in the bankruptcy filing include a...
More

Computer Renditions: Technology firm building from plateau Computer Renditions on target to grow revenue in 2005Restricted Content

September 5, 2005
Susan Raccoli
Being robbed in broad daylight on your first day as a small-business owner is not exactly a good omen, but it didn't stop Computer Renditions Inc. founder Christopher Stater. Stater was headed to a meeting with IT consulting client Anheuser-Busch one morning 11 years ago when he was accosted in a Columbus, Ohio, hotel parking lot. A robber sprayed his face with a chemical fire extinguisher and stole his briefcase. "They made me go to a hospital," Stater remembered, "but...
More

Real estate veteran gets back into sales: Andrew Banister joins CB Richard Ellis team in red-hot marketRestricted Content

September 5, 2005
Tammy Lieber
In the past five years, local real estate veteran Andrew J. Banister has changed jobs four times. With the most recent switch, Banister is right back where he started-with the investment sales team at the local office of CB Richard Ellis. Banister, 55, on Aug. 29 began his first official day working with John Merrill and Gary Woodworth, who in recent years have engineered sales of some of the city's most prominent office buildings at record-high prices. It's a familiar...
More

Stadium neighbors see rising property values: Investors, entrepreneurs eye southwest side of downtown 70Restricted Content

August 29, 2005
Tammy A.
The south end of downtown may not qualify as the hottest real estate market in town, but since plans for a new stadium were unveiled in January, the largely industrial area surrounding it has definitely heated up. Plans call for the stadium to be built on a two-square-block site bordered by Capitol Avenue, and South, Missouri and McCarty streets, now mostly occupied by surface parking. In the area surrounding that parcel, real estate sources report rising land prices and increased...
More

EYE ON THE PIE: How home buyers step off a cliffRestricted Content

August 29, 2005
Morton Marcus
Why does Indiana have such high bankruptcy and mortgage foreclosure rates? No one knows. Many say the economy in Indiana has been responsible for our troubles, but other states have been hit as hard and not had the same bankruptcy and foreclosure problems. Perhaps we are a state of dreamers, people who want to own a home but do not understand the obligations we assume. Our dreams are encouraged by the federal government, which allows mortgage interest and property tax...
More

Pension fund opens coffers: $506M could be boon for venture capitalistsRestricted Content

August 22, 2005
Peter Schnitzler
The Public Employees' Retirement Fund, Indiana's largest pension system, is preparing to unleash half a billion dollars into venture capital, real estate and other privateequity investments. And the fund's managers aim to put the bulk of it to work inside state lines. Hoosier venture capitalists are salivating at the prospect. T h a t 's t h e equivalent of nearly seven BioCrossroads Indiana Future Funds. "If there are excellent opportunities to invest in Indiana, we ought to be looking...
More

Real estate investment trusts buck slump predictions: REITs outperforming major stock market indexes so far this year; Simon, Duke and Kite doing well locallyRestricted Content

August 15, 2005
Jo Ellen
For the second quarter, the National Association of Real Estate Investment Trusts Composite Index posted a return of 13.52 percent, boosting its year-to-date return to 4.9 percent. For the quarter, that's more than three times any of the other equity indicators, the highest of which, the Russell 2000, posted a 4.32-percent return. The Russell 2000 also has the second-highest year-todate returns at 5 percent. Real estate investment trusts are due for a downturn, according to many stock analysts, but they've...
More

Rental Finders business ready to sell franchises: Service acts as middleman for tenants, landlordsRestricted Content

August 15, 2005
Scott Olson
Linking landlords with tenants from an office buffered by a coin laundry and a pet shop may seem like an unusual career choice for someone who once aspired to be a lawyer or doctor. But for Vasilios Maniatis, the decision to become a broker in the residential rental business has led to a concept he thinks has the potential to become a national franchise. The 38-year-old Chicago native arrived from Salt Lake City, where he opened his first Rental Finders...
More

Special Report: Buying blind: Lack of oversight leaves state in dark on real estate deals The state of Indiana knows how much it's spending to lease property statewide -nearly $40 million a year. But it doesn't know if that's too much.Restricted Content

August 15, 2005
Tammy Lieber
The state of Indiana knows how much it's spending to lease property statewide -nearly $40 million a year. But it doesn't know if that's too much. State contracts for third-party real estate services give government officials few safeguards to ensure they're paying a fair price for office, laboratory and storage space outside of state-owned buildings, those in the industry say. And state administrators have no control over seven-figure commissions paid to two Indianapolis real estate brokers in the past decade,...
More

Space crunch prompts Indiana to seek help with real estate leasing duties:Restricted Content

August 15, 2005
- Tammy
Between the Statehouse, the Indiana Government Center and the State Library building, the state of Indiana owns 1.1 million square feet of real estate in downtown Indianapolis. Still, that's not enough room to house all state government's agencies and functions-which is why Indiana spends nearly $17 million each year to lease space elsewhere in Marion County. Some agencies, including the departments of education and health, house nearly all their office workers in privately owned buildings near the Statehouse. Other departments...
More

Halakar thinks small, deals big: Real estate services firm quickly finds its nicheRestricted Content

August 15, 2005
Scott Olson
Unlike the 500-pound hammerhead shark mounted on a wall in Todd Maurer's office, Halakar Real Estate intends to remain a small fish in the large pond of commercial real estate brokerages. But the company launched by Maurer, 34, and Ralph Balber, 36, is already making a splash despite its brief, twoyear existence. While Halakar has carved out a niche in the downtown Class B office space market, it also commands enough respect to broker larger deals. Halakar and Indianapolis-based Colliers...
More

Sourwine planning to sweeten its local office offerings: Second-generation real estate firm has two new buildings in the works that could nearly double its holdingsRestricted Content

August 15, 2005
Tracy Donhardtreporter
When Jim Sourwine was 4 years old, he would sit outside the closed door to his father's home office and play with his toy cars. Barred from entering the adult-only world, sounds of paper shuffling and adding machine clacking piqued his interest in his family's real estate business. "I wanted in," Sourwine recalls. By the time he was old enough to file and wash windows for the firm, his father had moved Sourwine Real Estate Services out of his home...
More

VOICES FROM THE INDUSTRY: Why like-kind exchanges don't make sense for everyoneRestricted Content

August 15, 2005
Keith Gambrel
Section 1031 of the Internal Revenue Code allows you to defer federal taxes by swapping real property for like-kind property. For years, tax advisors have been recommending a 1031 strategy whenever real estate developers and owners are ready to harvest their gains. Today, with real estate valuations at record highs and capital gains tax rates at record lows, there is a good chance a 1031 exchange strategy could defer taxes but lose profits. You may be better off to recognize...
More

VIEWPOINT: Signs of economic recovery all around usRestricted Content

August 15, 2005
Barbara Branic
After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, "We should expect to...
More

Past retail failures in China don't scare Simon away: Developer's partnership with Wal-Mart could be keyRestricted Content

August 15, 2005
Scott Olson
Executives of Simon Property Group Inc. are confident the shopping mall owner's foray into China will prove successful, even though they acknowledge others have failed there. In a conference call with analysts late last month, the locally based real estate investment trust announced its plan to be the first American company to develop retailing projects in the communist country. Its first project will be a 500,000-squarefoot mall at Hangzhou, a city of 6 million people about two hours from Shanghai....
More

VOICES FROM THE INDUSTRY: Reaping the benefits of the American Jobs ActRestricted Content

August 15, 2005
Michael Fritton
Astute real estate professionals should be taking advantage of several tax-saving provisions of the American Jobs Creation Act of 2004. The act was signed by President Bush last October to spur economic development and investment. The primary components of the Amer ican Jobs Creation Act include increased depreciation deductions on leasehold improvements, greater flexibility for real estate investment trusts, modification of expensing rules for equipment and vehicles, and a reduction in the tax rate for domestic manufacturing activities. Leasehold improvements...
More
Page  << 151 152 153 154 155 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

  2. An increase of only 5% is awesome compared to what most consumers face or used to face before passage of the ACA. Imagine if the Medicaid program had been expanded to the 400k Hoosiers that would be eligible, the savings would have been substantial to the state and other policy holders. The GOP predictions of plan death spirals, astronomical premium hikes and shortages of care are all bunk. Hopefully voters are paying attention. The Affordable Care Act (a.k.a Obamacare), where fully implemented, has dramatically reduced the number of uninsured and helped contained the growth in healthcare costs.

  3. So much for competition lowering costs.

  4. As I understand the proposal, Keystone would take on the debt, not the city/CRC. So the $104K would not be used to service the $3.8M bond. Keystone would do that with its share.

  5. Adam C, if anything in Carmel is "packed in like sardines", you'll have to show me where you shop for groceries. Based on 2014 population estimates, Carmel has around 85,000 people spread across about 48 square miles, which puts its density at well below 1800 persons/sq mi, which is well below Indianapolis (already a very low-density city). Noblesville is minimally less dense than Carmel as well. The initiatives over the last few years have taken what was previously a provincial crossroads with no real identity beyond lack of poverty (and the predictably above-average school system) and turned it into a place with a discernible look, feel, and a center. Seriously, if you think Carmel is crowded, couldn't you opt to live in the remaining 95% of Indiana that still has an ultra-low density development pattern? Moreover, if you see Carmel as "over-saturated" have you ever been to Chicago--or just about any city outside of Indiana?

ADVERTISEMENT