Indianapolis Business Journal

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.

Front PageBack to Top

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.

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Car 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.

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Top StoriesBack to Top

Gene 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.

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FocusBack to Top

BURNS: 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.

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THOMAS: 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.

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ROSSWURM: 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.

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Pence 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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OpinionBack to Top

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.

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Skarbeck: 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.

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Global 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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In BriefBack to Top

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.

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Another 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.

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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 […]

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