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Kurt Beier
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EYE ON THE PIE: Use property tax to boost investment

September 19, 2005

I walked a little more than two miles recently on the Monon Trail. This probably surprises those who know me. But even the most slothful will, on occasion, rise from the recliner and not go to the refrigerator. The Monon Trail runs from 10th Street in Indianapolis to 146th Street in Carmel. That’s about 20 miles. It follows the route the Monon Railroad abandoned in 1987. It has been identified as a model for other rails-to-trails programs. The trail is…

Final 4 lodging scarce: 7 months before event, brokers lock up rooms

September 12, 2005

Basketball fans hoping to catch the action at next spring’s NCAA men’s Final Four in Indianapolis are more likely to score decent tickets than they are a downtown hotel room, though neither will come cheap. As the event has moved from fan-centric to corporate, the demand and price for hotel rooms has reached new highs. And the hotel room supply for Final Fours held locally is likely to tighten as NCAA officials push for larger Final Four venues-such as the…

SPORTS: City should be tour stop for men’s or women’s golf

September 12, 2005

That sellout crowds flocked to Carmel’s Crooked Stick Golf Club for the Solheim Cup should come as no surprise. This is an area with a big appetite for golf, whether playing or watching it. Yet it’s also a reminder that for all we have accomplished in spectator sports, professional golf remains the hole in our doughnut. Yes, we have had our on-and-off forays into the arena. A PGA Tour stop, the 500 Festival Open, took place on the old Speedway…

Can ride sharing retain your distant workers?: Companies look to car- and van-pooling to counter high gas prices that may increase employee turnover

September 12, 2005

Most concerned about higher commuting costs are employers on the periphery of Indianapolis, where there is little or no bus transportation for workers who live in Marion County. “At some point, for an hourly worker, it becomes cost-prohibitive to drive to Plainfield for work,” said Kim Woodward, director of human resources for Brightpoint Inc. The wireless phone distributor has a warehouse in the Hendricks County town that employs 611, plus about 100 contract workers. “Public transportation is not readily available,”…

Ancient sport of kings still appeals to Hoosiers: Hickory Hall Polo Club keeps game alive on Boone County farm

September 5, 2005

A handful of noisy chickens and a small herd of goats meander around two neatly kept barns that house about a dozen horses, their stalls overlooking the 10-acre field that’s 300 yards long and 160 yards wide. As horses emerge from their stalls with the help of the Chandlers’ assistant, it becomes clear these are no common steeds. Their deep chests heave with each breath, their nostrils sucking in air like a Hoover, ribs lightly protruding through their lean physiques….

Computer Renditions: Technology firm building from plateau Computer Renditions on target to grow revenue in 2005

September 5, 2005

Being robbed in broad daylight on your first day as a small-business owner is not exactly a good omen, but it didn’t stop Computer Renditions Inc. founder Christopher Stater. Stater was headed to a meeting with IT consulting client Anheuser-Busch one morning 11 years ago when he was accosted in a Columbus, Ohio, hotel parking lot. A robber sprayed his face with a chemical fire extinguisher and stole his briefcase. “They made me go to a hospital,” Stater remembered, “but…

Travel club members take wing: Ambassadair hoping to stop declining enrollment in wake of parent ATA’s bankruptcy

August 29, 2005

Ambassadair Travel Club Inc. has lost about 20 percent of its members since parent ATA Holdings Corp. filed Chapter 11 bankruptcy last October, a trend its president hopes to reverse after ATA sells the long-profitable club as early as next month. “After all the unfortunate attention surrounding ATA, we expected a modest decline in membership for a temporary time and look forward to obtaining new members once we make an a n n o u n c e m e…

BEHIND THE NEWS: New Ritter’s CEO patches up frayed franchisee relations

August 29, 2005

If Ritter’s Frozen Custard goes on to prosper, the behindthe-scenes retooling the Carmel-based chain received over the past year will make a revealing case study for MBA students. IBJ in September 2004 reported the Ritter family had reacquired control of RFC Franchising LLC and installed Bob Ritter, son of retired founder John Ritter, to replace Saul Lemke as CEO. Franchisees in the chain, which has 62 stores in eight states, were glad to see Lemke go. Their view: During his…

Levin builds reputation for pursuing class-action suits

August 29, 2005

Attorney Irwin Levin stood in a courtroom years ago for a pretrial conference when a colleague began to ridicule a rival firm’s slogan. Overhearing the diatribe, the judge asked Levin whether his law office had a mantra. Without hesitation, he quipped: “We’re going to kick your ass.” The room erupted in laughter. While Levin, 51, might have answered in jest, the managing partner of Cohen & Malad LLP indeed has built a national reputation for bloodying the noses of large…

Used cars piling up: Record sales of new vehicles put damper on auction prices

August 22, 2005

Especially these days, used cars have gotten all the respect of Rodney Dangerfield. Like the late comic, they’ve been dissed-in this case by the incessant marketing of automakers’ “employee discounts” that drove new-car sales to record volumes in July. But with automakers expected to end those discounts in early September, local dealers and auction firms are bracing for used cars to be the next big wave of sales. Dealer lots are crammed with trade-ins, so many aren’t buying additional used…

Halakar thinks small, deals big: Real estate services firm quickly finds its niche

August 15, 2005

Unlike the 500-pound hammerhead shark mounted on a wall in Todd Maurer’s office, Halakar Real Estate intends to remain a small fish in the large pond of commercial real estate brokerages. But the company launched by Maurer, 34, and Ralph Balber, 36, is already making a splash despite its brief, twoyear existence. While Halakar has carved out a niche in the downtown Class B office space market, it also commands enough respect to broker larger deals. Halakar and Indianapolis-based Colliers…

VIEWPOINT: Signs of economic recovery all around us

August 15, 2005

After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, “We should expect to…

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

August 15, 2005

Chris Maher’s crews at Thermo-Scan Inc. have been plenty busy inspecting for drafts and puny insulation in many of the 14,000 new homes built each year in the metro area. Even so, the principal at the Carmel firm can’t help wonder about the vast potential to make the hundreds of thousands of existing homes and businesses more energy efficient-if only homeowners had a little more incentive. Utility companies, he says, have relatively few dollars budgeted to coax customers to install…

Condo wave a ripple locally: Shelved conversions show area not following in national footsteps

August 15, 2005

Condominiums are hot. Apartments are not. In many cities, that current market truism among would-be renters has led to a wave of conversions of apartment complexes to condos. But not in Indianapolis. To date, only a handful of apartment complexes have successfully made the leap from rental to for-sale, notably Lion’s Gate at 86th and Meridian and Ladywood Estates near Emerson Avenue and 56th Street. Much of the reason has to do with the affordability of single-family housing in the…

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

August 8, 2005

Afresh market that could be worth billions of dollars lies just over the horizon for health insurers like Indianapolis-based WellPoint Inc. Medicare, the U.S. government program for the elderly and disabled, will add a prescription drug benefit starting Jan. 1, and it could spend as much as $60 billion next year on medicines for 30 million people, according to Bloomberg News. But before insurers can start cashing in on this potential, they must develop their drug plans, win over some…

Who’ll fill it?: Nordstrom a possibility for Ayres space

August 8, 2005

Nordstrom, Neiman Marcus and Dillard’s may be candidates to fill pending department store vacancies at Castleton and Greenwood Park malls if smaller retailers don’t end up filling the void. The merger of the Federated and May department store companies that’s creating the vacancies is the latest move in a decades-long trend of consolidation in the industry. Some observers speculate a nondepartment-store retailer could end up occupying the space after the L.S. Ayres at Castleton Square and Macy’s in Greenwood close…

Haverstick lands DWD’s controversial IT contract: Original award to India-based Tata was election issue

August 8, 2005

Last year, it was the contract that helped turn the gubernatorial election. Now, it’s a nice piece of business for Carmel-based Haverstick Government Solutions. When Indiana awarded a multimilliondollar project to an India-based information-technology developer, Gov. Joe Kernan, a Democrat, endured intense criticism. By November, Kernan had canceled the agreement with Bombay-based Tata Consultancy Services Ltd. He also introduced “Opportunity Indiana,” an initiative for government-procurement reform. But the political damage had already been done. Republican Mitch Daniels triumphed at the…

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

August 1, 2005

Storm clouds are gathering to the north as St. Vincent Health applies the last coat of polish to its $19 million Women’s Hospital renovation. The Indianapolis hospital will lose an obstetrician-gynecology group that delivers as many as 1,440 babies a year shortly after it completes its expansion in September. The 10 doctors of Women’s Health Alliance plan to move offices and shift 80 percent of their practice to a new competitor, Clarian North Medical Center, a $285 million project scheduled…

Counties, cities welcome food/beverage tax: Suburbs see extra funds as way to balance budgets

August 1, 2005

Several suburban cities and counties that have approved new food and beverage taxes view the windfall as a panacea for their budget woes. Six of the seven counties surrounding Marion County, excluding Morgan, have OK’d the 1-percent surcharge to help fund a new stadium for the Indianapolis Colts and Indiana Convention Center expansion. Morgan County councilors turned down the measure at a June meeting. The legislation, approved during the past session, directs counties to contribute half the food and beverage…

Office sales shatter records: National investors spend big in string of real estate deals

July 25, 2005

National buyers hungry for commercial properties have started focusing on second-tier markets like Indianapolis, a trend that’s resulting in quick sales at prices previously unheard of here. One and Two River Crossing sold as a package in early July for $41.6 million, or $203 per square foot, setting a new high-water mark for Class A multitenant office space in the Indianapolis market. Before the River Crossing sale, the sales record for suburban office space was $145 per square foot-a mark…

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8,694 results for 'Carmel'

People

Kurt Beier

Articles

EYE ON THE PIE: Use property tax to boost investment

Final 4 lodging scarce: 7 months before event, brokers lock up rooms

SPORTS: City should be tour stop for men’s or women’s golf

Can ride sharing retain your distant workers?: Companies look to car- and van-pooling to counter high gas prices that may increase employee turnover

Ancient sport of kings still appeals to Hoosiers: Hickory Hall Polo Club keeps game alive on Boone County farm

Computer Renditions: Technology firm building from plateau Computer Renditions on target to grow revenue in 2005

Travel club members take wing: Ambassadair hoping to stop declining enrollment in wake of parent ATA’s bankruptcy

BEHIND THE NEWS: New Ritter’s CEO patches up frayed franchisee relations

Levin builds reputation for pursuing class-action suits

Used cars piling up: Record sales of new vehicles put damper on auction prices

Halakar thinks small, deals big: Real estate services firm quickly finds its niche

VIEWPOINT: Signs of economic recovery all around us

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagon

Condo wave a ripple locally: Shelved conversions show area not following in national footsteps

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

Who’ll fill it?: Nordstrom a possibility for Ayres space

Haverstick lands DWD’s controversial IT contract: Original award to India-based Tata was election issue

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

Counties, cities welcome food/beverage tax: Suburbs see extra funds as way to balance budgets

Office sales shatter records: National investors spend big in string of real estate deals