JULY 7-13, 2014
Ambrose Property Group is making a name for itself by buying struggling office properties and reviving them. This week, Scott Olson focuses on its latest diamond-in-the-rough project as Ambrose takes a stab at rehabbing a 436,000-square-foot complex at 500 N. Meridian. Also in thio week's issue, Kathleen McLaughin details the Indy Chamber's effort to stem membership losses. And in Focus, Dan Human profiles the family firm Pillow Logistics as its owners prepare for a generational shift in leadership.
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Ex-Hoosier funnels millions back home to local tech firms
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
Read MoreState sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Read MoreAmbrose snags vacancy-plagued Meridian Street property
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
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Indy Chamber fights shrinking membership
The chamber has lost 19 percent of its members since the start of 2011, even while other chambers of commerce around the country see renewal rates recovering along with the economy.
Read MoreObamacare generates windfall for insurers
Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.
Read MoreSmall colleges using lacrosse to attract monied students from East Coast
Finances are increasingly challenging for small, private schools, causing many to do whatever is necessary to attract students, particularly students who can afford tuition ranging from $25,000 to $45,000 annually.
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Tricky transition: Pillows balance family, business as son preps to take over
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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EDITORIAL: Choose roadwork based on need, not politics
The City-County Council has turned infrastructure repair into a political battleground, with Democrats and Republicans touting competing proposals for how to finance and assign a vital round of major public infrastructure needs.
Read MoreMAURER: Upon reflection, some personal advice
There are certain things you should do before it’s too late.
Read MoreRUSTHOVEN: Things you don’t know about Hobby Lobby
From reaction on the left to the Supreme Court’s Hobby Lobby decision, you’d think it ruled that corporations have First Amendment “free exercise of religion” rights, allowing them to refuse contraceptive coverage for women employees despite the Affordable Care Act’s statutory command. You’d be wrong. Literally none of this is true.
Read MoreMOSELEY: A new way to finance college
We need a fundamentally new approach to financing college education. Price resistance and over-reliance on student loans are not going away.
Read MoreRACE: The Indy travel experience: Is improvement in sight?
The city needs a strategy to transform into a destination visitors would recognize.
Read MoreKim: Investors fleeing market as stocks hit record highs
It’s amazing how the 24/7 media bombardment of random noise and sound bites on the economy and markets has investors continually on tenterhooks. It seems Armageddon is always lurking around the corner.
Read MoreHicks: Rulings limit state power, embrace freedom
This past couple of weeks has offered a rare series of court rulings that have implications for both households and businesses.
Read MoreAutistic children still denied benefits
Imagine your child had a chronic condition requiring on-going treatment, like diabetes, epilepsy or cystic fibrosis, and every six months you had to fight for weeks in order to continue medical treatment, even though your child’s entire clinical team and physicians agree that treatment is medically necessary.
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Ex-Center Township trustee official charged with theft
Federal prosecutors on Tuesday charged former CFO Alan S. Mizen, 59, of Zionsville with theft and embezzlement of federal program funds. If found guilty, he faces up to 10 years in federal prison.
Read MoreMilhaus starts project in Oklahoma City
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
Read MoreKellogg steps down from executive post with Pacers
Clark Kellogg, 52, who played with Pacers from 1982 to 1987, will depart as vice president of player relations, a position he’s held since 2010.
Read MoreTech firms get chance to pitch investors
Seventy-six startups and small tech companies will vie for investors’ interest July 10 at the Innovation Showcase.
Read MoreKite completes $1.2B Inland acquisition
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
Read MoreAirport memorial planned for Col. Harvey “Weir” Cook
An Indiana native, Cook was a decorated fighter pilot in World War I who settled in Indianapolis and was instrumental in creating the city’s first principal airport, Indianapolis Municipal Airport, opened in 1931.
Read MorePROXY CORNER: NiSource Inc.
Merrillville-based NiSource Inc. is an energy holding company that provides natural gas, electricity and other products and services.
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