OCTOBER 7-13, 2013
This week, Scott Olson reports that the 19-building Precedent Office Park near Keystone Avenue and south of 96th Street has been put on the market, just eight years after selling to its current owner for $143 million. In Focus, J.K. Wall illustrates how technology could dramatically change the way doctors keep patients healthy. And in Forefront, columnist Sam Odle warns that Indiana will begin to wither if our leaders don't do more to attract immigrants to the state.
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Precedent office park hits block
The owners of the 19-building Precedent Office Park are putting the massive property up for sale, eight years after buying it for $143 million at the height of the real estate boom.
Read MoreCar dealers curtail advertising boasts
Efforts by trade groups such as the Automobile Dealers Association of Indiana—and, more formidably, a recent crackdown by the Federal Trade Commission—have discouraged the use of potentially misleading ads.
Read MoreCeladon using free training to fight driver shortage
The trucking firm launched its in-house truck-driving school a year ago to boost the supply of drivers and, executives hope, cut down on turnover, which is 98 percent per year at the company, mirroring the industry average.
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KAR Auction Services riding the wave of auto recovery
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
Read MoreButler students learn by investing $1.2M from endowment
Butler’s 5-year-old, student-managed investment fund is believed to be the single largest such fund among colleges in Indiana. That big pot of money brings pressure on students.
Read MoreHamilton County pursuing domestic-violence shelter
Community leaders are working to open a domestic-violence shelter in fast-growing Hamilton County—a multiyear, multimillion-dollar effort to serve residents in need of emergency housing.
Read MoreGene Glick was a soldier, a builder and a philanthropic giant
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
Read MoreCandidates scarce so far for Fishers’ first city election
Only two contenders have thrown their hats in the ring, with 10 positions open and just seven months to go before the fledgling city’s debut election. Lack of defined district boundaries is a hurdle.
Read MoreDigital archivist’s lab will document Indy’s mayoral history
History IT plans to hire 20 people for its Indianapolis office, which will focus on documenting Indianapolis' mayoral history.
Read MoreWoodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Technology on track to dramatically change health care
Cost pressures are forcing health care providers to extend the reach of limited resources.
Read MoreAnthem prez: Expect ‘crickets chirping’ on Oct. 1
Anthem Blue Cross and Blue Shield President Rob Hillman expects a slow start to the Obamacare exchanges, with fewer than one-third of uninsured people buying coverage there.
Read MoreHEIGHT: New patients could overload the system
We all agree that something needs to be done for our challenged health care system. But is the new health care law what we need? Will this help those who are poor receive health care they need?
Read MoreBURNS: Music therapy hits the high notes
It’s a common and natural occurrence: A song comes on the radio and you instantly recall memories—perhaps it makes you smile or remember old friends, or it just takes you back to a moment in your life.
Read MoreTHOMAS: Confusion about health care act abounds
As president of a professional employer organization, I spend an enormous amount of time dealing with the complexities of the Affordable Care Act from the perspective of an employer sponsoring a health insurance plan.
Read MoreMCCARTY: Clear the path to the federal Marketplace
Battles over the Affordable Care Act have raged since President Obama signed it into law in March 2010—and it’s time they stop.
Read MoreROSSWURM: Parents are scrambling to cover autism
As a parent of a young adult with autism and as a leader of an applied behavior analysis (ABA) therapy center focused on autism, I know firsthand about the challenges in finding appropriate and affordable insurance coverage to support special needs children.
Read MorePence pleads for end to medical device tax
Republican Gov. Mike Pence wrote a letter Monday urging members of the U.S. Senate to vote to repeal the medical device tax that is helping to finance Obamacare. But the Senate on Monday night voted not to repeal the tax, with all 54 Democrats voting to keep it.
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EDITORIAL: Glick’s legacy is wisdom, generosity, optimism
Celebrated businessman, philanthropist and mentor Eugene Biccard Glick, who died Oct. 2 at 92, leaves behind a path of good work and generosity much longer and wider than the Indianapolis Cultural Trail, the acclaimed downtown recreational amenity to which he and his late wife, Marilyn, donated $17 million and their names in 2006.
Read MoreMORRIS: Hoosier’s bootstrap story inspires
Bob Knowling beat the odds on his way from poverty to an outstanding business career.
Read MoreAdults critical to closing skills gap
While the meaning of the term “the skills gap” might always be debated, a new report finds that middle-skill attainment makes up the real gap for Indiana’s economy.
Read MoreKENNEDY: Thank Elbridge for our political extremes
Politicians have been gerrymandering districts since the time of Elbridge Gerry, for whom the tactic was named—and he signed the Declaration of Independence.
Read MoreHicks: Sometimes it’s about spending, not taxes
No matter the result of last week’s budget debate, we are in need of a serious discussion about tax and spending policy.
Read MoreSkarbeck: SEC turns up spotlight on pay for top brass
The Securities and Exchange Commission has proposed a rule that would require large public companies to disclose the total annual compensation of their CEO, the median annual compensation of all their employees (excluding the CEO), and the ratio between these two figures.
Read MoreGlobal Caravan chief has solid background
We appreciated the [Sept. 30] coverage the IBJ presented of Global Caravan Technologies. As the capital organization coordinating investment in GCT, we do wish to observe that Charles Hoefer had been involved in the management of other successful and unrelated ventures prior to joining Earthbound.
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Republic Airways selling Frontier in $145M deal
Indigo Partners LLC, led by veteran airline executive William Franke, has agreed to buy Frontier Airlines from Indianapolis-based Republic Airways Holdings Inc. for $36 million in cash. The total value of the transaction is $145 million including debt.
Read MoreAnother top executive leaves Angie’s List
Shares of the consumer review service have dropped more than 12 percent since the company announced Monday that Chief Technology Officer Manu Thapar had departed. The firm recently hired a new chief financial officer.
Read MoreLongtime T2 Systems CEO stepping down
Mike Simmons, who began the company with business partner Steve Howard in 1994, will keep his ties to T2 in a less hands-on role as its chairman.
Read MoreARCHITECTURE
The principals of ArcDesign have completed their purchase of the 12,000-square-foot building at 201 N. Delaware St., the architecture and interior design firm announced Oct. 1. ArcDesign, at 8 W. Louisiana St. across from Union Station, plans to move in February following the completion of an extensive renovation. Principals of the 20-employee firm bought the […]
Read MoreIU Health now says 935 jobs affected by reductions
Indiana University Health now says it will cut more than 900 jobs in a reorganization. That's at least 100 more than announced nearly three weeks ago.
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