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Hotel firm investing $30 million by stadium: Dora Brothers specializes in properties on the fringes

March 6, 2006

The downtown hotel operated by Dora Brothers Hospitality Corp. is unlikely to be confused with the towering convention hotels that sit, literally, on the other side of the tracks. While behemoths like the Westin, Marriott and Hyatt boast bustling restaurants, gleaming lobbies, meeting facilities and an attached walkway to the Indiana Convention Center, Dora’s modest Best Western Hotel offers little beyond clean, comfortable rooms, continental breakfast and a short walk to the heart of Indianapolis. Fishers-based Dora Brothers, however, is…

Clarian climbs aboard podcast bandwagon: Hospital network finds new way to broadcast its message to employees and the community

March 6, 2006

Communications experts say the medium, which has been around only a couple of years, carries loads of marketing potential. “You’re immediately tying a voice to the company and a face to the company. That’s a powerful thing,” said Kelly Hendricks, president of BLASTmedia, an Indianapolis-based public relations firm. “It’s going to be interesting to see how this evolves.” Evans decided to try Clarian’s hand at podcasting after his research found it costs “almost nothing” to produce a message and upload…

Breaking the glass ceiling: Despite gains, commercial real estate field still dominated by men

March 13, 2006

As a business student at IUPUI in the late 1980s, Jill M. Herron worked part-time as a leasing agent for a commercial real estate company to earn extra money. She had no idea that her parttime job would turn into a lifetime career. “I fell into it by accident,” Herron said. “But I found I liked the diversity of the job, the opportunity to meet different types of people and the challenges of meeting a client’s goals.” Now a vice…

Forum Credit Union buys health-care consultant: Financial institution beefing up commercial services

March 13, 2006

Forum Credit Union, central Indiana’s largest credit union, has acquired Indianapolis-based health-care consulting firm Health Care Economics Inc. And banks are piping mad about it. “It’s part of our effort to meet the needs of what our members have been asking us to do,” said Andrew Mattingly, senior vice president of strategy and marketing for Fishers-based Forum. “They want to put all of their finances together [at one institution].” Health Care Economics primarily serves as a business consultant to medical…

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

March 13, 2006

On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four leaders from Indianapolis’ banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions; Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How’s the state’s economy doing? Are more bank mergers on…

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

March 13, 2006

The developers of the former Market Square Arena site this month touted an expected August groundbreaking for their high-rise condominium project, but glossed over the 90-day extension to its agreement with the city that was required to make that possible. Developers of One Market Square a year ago negotiated an extension that gave them until May 1, 2006, to close on their purchase from the city of the first two acres of the four-acre site. In February, that deadline was…

Federal deposit insurance reform beefs up coverage: Retirement savings accounts stand to benefit most

March 13, 2006

Federal deposit insurance reforms signed into law by President Bush last month boost coverage of some retirement accounts and will raise coverage for other bank accounts beginning in 2010. The legislation, debated by lawmakers for the past six years, is significant because it offers the first increase in deposit insurance coverage in more than 25 years, and just the seventh rise since 1935. Federal deposit insurance currently covers as much as $100,000 per depositor. Starting no later than November, depositors…

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

March 20, 2006

Condominium developer Hearthview Residential Inc. came out of a news conference this month looking like something of a hero for converting a former church at 802 N. Meridian St. into condos, but company officials must have been grinning through clenched teeth. Locally based Hearthview initially tried to demolish the 1905 structure, quietly seeking a demolition permit for the entire building. When the permit was discovered at the 11th hour by city and state historic preservation officials, the wheels were set…

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

March 20, 2006

The city is looking for developers interested in adding 800 hotel rooms downtown, a project that could be accomplished by building a massive, new hotel or augmenting several existing facilities. Insiders say a new hotel is most likely. They picture it on Pan Am Plaza. If that happens, the hotel would become the city’s largest-eclipsing the Indianapolis Marriott by almost 200 rooms. Ideally, the rooms would be available by 2010, when the wraps come off the expanded Indiana Convention Center….

Federal patent legislation could mean major changes: Proposed reform act could cut down on ‘trolling’ and litigation by switching approvals to a first-to-file system

March 20, 2006

Pending federal legislation could bring sweeping changes to a patent system critics say is broken and in need of repair. The Patent Reform Act-before Congress since last year-presents the most substantial overhaul in decades. Significant changes include creating a process to challenge patents after they are granted and awarding a patent to the first person to submit paperwork. Patents currently are granted to the first person who hatched the invention, regardless of when documents were filed. Time frames, though, can…

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

March 20, 2006

St. Francis Hospital-Mooresville might finally land the emergency department town leaders want, thanks to a proposed $33 million expansion and renovation. Plans for an emergency department surfaced in bond paperwork the hospital filed recently with the Indiana Health and Educational Facility Financing Authority. The filing said the hospital also plans to add private rooms and renovate its surgery, joint and colorectal care facilities. Adding an emergency department also was mentioned in a lawsuit St. Francis officials filed last year against…

SPORTS: A basketball breakfast you won’t soon forget

March 20, 2006

One of the reasons the NCAA chose Indianapolis to host this year’s Final Four is that it coincides with the association’s centennial celebration. What better way to bring attention to the NCAA’s 100th year than by having its showcase event in its headquarters city. But that won’t be the only significant basketball anniversary to be feted during Final Four weekend. Three others have significance to Hoosiers. Call it a coincidence of greatness. For starters, it will be the 50th anniversary…

Short session long on action: Led by Major Moves, telecom successes, biz interests fared well in 2006 General Assembly

March 20, 2006

In less than three months, the Indiana General Assembly approved a pair of blockbuster economic-development measures designed to dramatically upgrade the state’s infrastructure. With the passage of Gov. Mitch Daniels’ Major Moves initiative, Indiana will lease the Indiana Toll Road to an Australian-Spanish consortium for 75 years. It will use the upfront, $3.9 billion payment to build roads. Meanwhile, the approval of telecom deregulation sets the stage for more local phone, cable and Internet competition. Daniels, a Republican, argued that…

STATEHOUSE DISPATCH: Low poll numbers don’t seem to slow Daniels’ agenda

March 20, 2006

For a guy whose approval level is about as low as-well-the president’s, and who was pushing a program about as popular as turning over supervision of vital national assets to a foreign entity (see the parallels yet?), Gov. Mitch Daniels sure enjoyed some major success this legislative session. He just signed a wide-ranging telecommunications deregulation measure he had strongly advocated, placing Indiana at the cusp of reform in the field, after several years of the Legislature’s refusing to move off…

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

March 27, 2006

For the first time in more than a decade, Indiana is shopping for a Web portal manager. Indiana Office of Technology CIO Karl Browning is attempting to make the state’s award-winning Internet gateway even better. The hunt will also test Gov. Mitch Daniels’ “Buy Indiana” initiative, which aims to give local companies a leg up in competition for state contracts. The larger players in Indiana’s IT community say they’re pleased with the new process. But some smaller firms complain it’s…

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

March 27, 2006

Owners of building projects in central Indiana need not worry about laborers from certain organizations showing up for jobs with bloodshot eyes or slurred speech. Audits conducted on drug- and alcoholabuse testing programs operated by some of the state’s labor groups confirm what most in the industry say they already knew-that the system is working. The inspections were done at the urging of the Metro Indianapolis Coalition for Construction Safety, a local voluntary program of construction contractors, subcontractors and the…

HMOs report steady profits, falling membership: Indiana insurers performed well overall in 2005

March 27, 2006

Most of Indiana’s largest HMOs managed to turn profits in 2005, even as other kinds of health insurance gained market share, sucking away 6 percent to 15 percent of their customers. Technology improvements and more efficient operations helped counter those losses, health maintenance organization executives said. However, annual reports filed with the state Department of Insurance show that profit for some of these managed care options slipped compared to 2004. Industry insiders say many companies are reluctant to offer HMOs…

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms

March 27, 2006

The director of the entity in charge of the Colts stadium project conceded it will need to reach beyond central Indiana to fulfill aggressive minority-contracting goals attached to the structure’s construction. The General Assembly passed legislation last year directing the Indiana Stadium and Convention Building Authority to grant 15 percent of contracts to minoritybusiness enterprises and 5 percent to women-business enterprises. With one-quarter of the contracts awarded, the ISCBA is close to achieving its minority goals, but is only about…

EYE ON THE PIE: Legislature wastes another session

March 27, 2006

The 150 men and women who make up the Indiana General Assembly have finished their annual freak show, folded their tents, and departed from Indianapolis. In their wake, they left some truly terrible legislation and another record of neglect for the interests of Indiana’s too-long-suffering population. What was wrong with this session of the General Assembly? Your local editor will not grant me the space to be either sufficiently complete or detailed. Let’s start with the governor’s Major Moves program….

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

March 27, 2006

The Indianapolis-based advertising firm’s former building, at 409 Massachusetts Ave., featured an interior atrium, open work spaces and a large fish sculpture in the window that caught the eye of passersby on the busy commercial corridor. For its new building, a former school tucked into Lockerbie Square a few blocks away, the firm had to decide how to creatively use a choppedup floor plan, complete with a gymnasium in the middle. Young & Laramore enlisted Eric Rowland and Sarah Schwarzkopf…

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Articles

Hotel firm investing $30 million by stadium: Dora Brothers specializes in properties on the fringes

Clarian climbs aboard podcast bandwagon: Hospital network finds new way to broadcast its message to employees and the community

Breaking the glass ceiling: Despite gains, commercial real estate field still dominated by men

Forum Credit Union buys health-care consultant: Financial institution beefing up commercial services

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

Federal deposit insurance reform beefs up coverage: Retirement savings accounts stand to benefit most

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

Federal patent legislation could mean major changes: Proposed reform act could cut down on ‘trolling’ and litigation by switching approvals to a first-to-file system

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

SPORTS: A basketball breakfast you won’t soon forget

Short session long on action: Led by Major Moves, telecom successes, biz interests fared well in 2006 General Assembly

STATEHOUSE DISPATCH: Low poll numbers don’t seem to slow Daniels’ agenda

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

HMOs report steady profits, falling membership: Indiana insurers performed well overall in 2005

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms

EYE ON THE PIE: Legislature wastes another session

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore