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Longtime CEO of Acorn Group real estate firm dies

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Albert M. Donato Jr., 70, the longtime CEO of the Acorn Group Inc. real estate firm in downtown Indianapolis, died Monday.

Donato founded the commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman. His son, Albert M. Donato III, is president of the firm.

Donato entered the commercial real estate business in 1978. His most notable projects included the redevelopment of One North Penn, where Acorn’s office is located, and the nearby Jefferson Plaza.

Donato began his career as a manager at Western Electric and later was a general partner at William C. Roney & Co., a national investment banking firm, where he served as co-manager and broker for the Indianapolis office.

Born in Indianapolis, Donato graduated from Cathedral High School in 1959 and attended Wabash College before earning a bachelor’s degree in economics from Indiana University in 1964.

Leppert Mortuary is handling service arrangements.
 

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  • He will be missed
    Al touched the lives of a lot of people, and he will be missed dearly. The past few days I've heard story after story from friends and business associates relating numerous kind acts made by Al. Above all, Al was a wonderful person. I miss you buddy.

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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