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Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’

October 29, 2007

Melinda and Brooks Bertl know the ups and downs of the current real estate market-personally. They started looking for a home to buy this spring and it took them only two weeks to find one they liked in Carmel. “I guess we knew what we wanted and found it. And the house had been on the market for some time,” said Melinda Bertl, indicating the sellers were ready to make a deal. They bought the house and moved into it….

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

November 5, 2007

The number of crews Robert Hoffman employs to frame new homes has dwindled from 14 to four, and could drop even more if the residential construction market continues to sputter. But the owner of Hoffman Framework Inc. in North Salem, a tiny town in western Hendricks County, is not about to let his 12-year-old business wither away. Instead, he’s expecting to recover by making the leap to the much more vibrant commercial sector, where he can use his experience framing…

RETURN ON TECHNOLOGY: With Vista, the view is anything but grand

November 12, 2007

As you probably know, early this year Microsoft released its new operating system, known as “Vista.” I first wrote about it in March 2006. I got my initial look at it when it was code-named “Longhorn” in 2005, and I wasn’t impressed. It hasn’t improved with age. You’d think that, after creating operating systems since 1985, Microsoft would know what it’s doing. You’d think wrong. Reading the articles, blogs and other commentary about Vista is like cracking open the door…

City looks to business for efficiency advice: Using Six Sigma, Fort Wayne saved $30 million

November 12, 2007

Seeking to increase its efficiency, Marion County government is enlisting a group of volunteer business experts. Their recommendations could lead to lower taxes and better service-just the sort of initiative incoming Mayor Greg Ballard says he wants to embrace. The new High Performance Government Team was approved last month by the City-County Council. Created on the recommendation of the Greater Indianapolis Chamber of Commerce, it is modeled on a similar effort in Fort Wayne, where Mayor Graham Richard, a Democrat,…

PROFILE: Ivy House Bed and Breakfast: Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul

November 19, 2007

Ivy House Bed and Breakfast Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul Running a bed-and-breakfast can be difficult-it’s hard enough, in fact, that the average innkeeper lasts only seven years before calling it quits, said Fortville B&B owner Linda Nolte. Fortunately for her guests at Ivy House Bed and Breakfast, Nolte and her husband, Jim, are the exceptions. “We’re already in our seventh year, and we hope to exceed that by…

BEHIND THE NEWS: Simon’s Arizona flop highlights perils of housing sector

December 17, 2007

No wonder investors are jittery. The housing slump is stinging companies of all stripes these days, even those that would seem to be safe havens. A case in point: mall developer Simon Property Group Inc., which surprised investors this month by announcing it was taking a $26 million charge to write off its entire investment in what was to become a huge Arizona housing development. “Frankly, we had forgotten they had this Arizona thing,” said Lou Taylor, an analyst with…

Sexy & Intimate and Scotty’s

December 20, 2007

A couple of restaurant updates: The owners of downtown’s Scholar’s Inn, Lyle & Kerry Feigenbaum, plan to close the restaurant on Jan. 1 for a month-long remodeling project. They plan to…

Residential real estate market follows nation into slump

December 31, 2007

For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through
the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.

EYE ON THE PIE: Hoosier excess contrary to our nature

January 21, 2008

People think of Indiana as a place of moderation. We’re not known for extremes. We are followers, not leaders. Certainly, we are not risk-takers. How then can we explain some inexplicable behaviors? Indiana’s secretary of state and others were in Washington, D.C., before the U.S. Supreme Court recently to defend the nation’s most extreme voter ID law. No one was prepared to say we suffered from an avalanche of voter fraud. There was not even evidence of a snowflake of…

Law firms making green push: Environmental teams provide marketing boost

February 11, 2008

The next generation of environmental law is coming to a firm near you. Many law firms have existing practices that counsel clients on the complexities of complying with air and water permits or cleaning up contaminated properties. But now that the corporate sector is embracing “green” initiatives quicker than Al Gore accumulates carbon credits, environmental law is becoming as sexy as, say, intellectual property. Two of the city’s largest firms-Ice Miller LLP and Baker & Daniels LLP-recently unveiled so-called “green”…

What’s old is new again

February 22, 2008

On this nasty Friday, I’ve got a few updates on previous posts. Hope everyone has a nice weekend. Here goes:

What was Flagstar thinking?
Flagstar Bank has added yet…

Centaur tempted to buy Aztar casino

March 3, 2008

Indiana riverboat casinos don’t go up for sale every day. So when one becomes available, it’s bound to spark interest. Hence,
the dilemma facing Centaur Inc., the Indianapolis-based casino developer.

Proposals to loosen Indiana’s wine distribution system fail

March 17, 2008

At IBJ press time, the General Assembly was set to close another session without significant change to the state’s complex alcohol distribution system, ensuring another year of wrangling between wineries and wholesalers. A proposal to raise the direct shipping limit to 10,000 cases failed. So did a broader deregulation bill brought by a new Indiana wine drinker’s group, VinSense.

Area air quality given mixed reviews

April 7, 2008

Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.

Slots at horse-racing tracks may boost meeting space: Hotels in long-term plans if ‘racinos’ are successful

April 7, 2008

Two thousand slot machines at each of Indiana’s two biggest horse tracks should attract hordes of Hoosiers willing to try their luck on the one-armed bandits. But, ultimately, owners want to add meeting and convention space to capture other business as well. Legislation approved by the General Assembly in 2007 permits the slots at horse-racing facilities Hoosier Park in Anderson and Indiana Downs in Shelbyville. The law paves the way for the creation of what many are calling “racinos”-casinos that…

IDEM under fire from environmentalists

April 7, 2008

Environmentalists are accusing the Indiana Department of Environmental Management of putting economic development above its core mission of protecting human health and the environment, reports the Post-Tribune of Merrillville. In particular, environmentalists say, the agency is playing soft with petroleum giant BP and steelmaker U.S. Steel. “They make it clear they see it as their […]

SHELBY COUNTY: BANKING on BEANS

April 21, 2008

SHELBY COUNTY BANKING on BEANS Integrity Biofuels in Morristown persevering despite run-up in soy prices MORRISTOWN-Two years ago this August, the biggest thing in this Shelby County town of 1,300 residents was not the Bunge North America soybean processing plant. Not even its three silos, each as big as an aircraft carrier planted upright by […]

Former ATA workers receiving free, fast help: Ivy Tech, WorkOne team up to help those displaced

April 21, 2008

Less than a week after ATA Airlines Inc. filed for bankruptcy and shut down April 3, Barbara Greene, a 24-year employee, was feeling good about finding a new job. The 52-year-old former government affairs worker coordinated the issuance of permits planes needed for landing in or flying over other countries. Her years with the airline included work with international agencies and travel to foreign locales. She credits her positive outlook to the help she’s receiving from a WorkOne training center…

Davis Homes faces lawsuits; DayMarc out of business

May 5, 2008

A depression in the home-building market has claimed a Fishers builder and continues to hammer locally based Davis Homes LLC–a
powerhouse for years that now is facing foreclosure on about 80 home sites.

ECONOMIC ANALYSIS: Why the arguments against free trade don’t hold water

May 12, 2008

Americans are in a tough spot when it comes to negotiating free trade agreements. With the exception of a small Scandinavian country and a couple of European principalities, everyone we trade with has lower wages, weaker environmental standards, and less personal liberty. So it is easy to argue that we shouldn’t trade with a country until it becomes like us. This is the siren song of economic catastrophe. Here’s why. First, countries don’t trade with each other; people do. The…

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Articles

Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

RETURN ON TECHNOLOGY: With Vista, the view is anything but grand

City looks to business for efficiency advice: Using Six Sigma, Fort Wayne saved $30 million

PROFILE: Ivy House Bed and Breakfast: Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul

BEHIND THE NEWS: Simon’s Arizona flop highlights perils of housing sector

Sexy & Intimate and Scotty’s

Residential real estate market follows nation into slump

EYE ON THE PIE: Hoosier excess contrary to our nature

Law firms making green push: Environmental teams provide marketing boost

What’s old is new again

Centaur tempted to buy Aztar casino

Proposals to loosen Indiana’s wine distribution system fail

Area air quality given mixed reviews

Slots at horse-racing tracks may boost meeting space: Hotels in long-term plans if ‘racinos’ are successful

IDEM under fire from environmentalists

SHELBY COUNTY: BANKING on BEANS

Former ATA workers receiving free, fast help: Ivy Tech, WorkOne team up to help those displaced

Davis Homes faces lawsuits; DayMarc out of business

ECONOMIC ANALYSIS: Why the arguments against free trade don’t hold water