IBJNews

Longtime CEO of Acorn Group real estate firm dies

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • 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.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

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. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

ADVERTISEMENT