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Bulls of the Fairways:

March 6, 2006

David Simon and Alan Cohen are outstanding golfers, among the best of all Indianapolis businessmen. The CEOs of Simon Property Group Inc. and Finish Line Inc. share something else in common: Their companies are top performers, with their stock prices more than dou-Professor sees link between golf scores, biz success bling in a little more than three years. Coincidence? Not according to Dan Dalton, golf aficionado and former dean of Indiana University’s Kelley School of Business. “Business is like match…

INVESTING: Energy stocks had their run, but they may storm back

March 20, 2006

People don’t seem to spend as much time talking about high oil costs today as they did a year ago. Perhaps we’ve gotten used to them. Maybe the negative effects will be felt later. But one thing seems obvious: Energy stocks have recorded at least a short-term top. Let’s see what happens next. The incredible rise in oil over the last three years has turned up the volume in the debate over solutions. Washington passed an energy bill last summer,…

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….

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

April 3, 2006

Which of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University president to take over at the NCAA in January 2003, the association’s annual revenue has grown from $433.2 million to $521.1 million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003 sports season. Under Brand’s watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct…

Financial Strategies Mortgage Inc.: Training firm meeting national demand More states require continuing education for mortgage lenders

April 10, 2006

Launched in 1998 by consultant Aaron Wilson, the training firm is cashing in on the national demand for continuing education programs. Revenue topped $5 million last year, a significant jump from the $200,000 the company collected the first year it offered classes. Financial Strategies found its focus in 2000, when the state began requiring loan officers in Indiana to take continuing education classes-even though there weren’t any classes here for them to take. Wilson jumped on the opportunity. “In one…

Experts: Businesses should prep for bird flu: Vast majority of U.S. companies have not budgeted for possible pandemic, despite warnings from health officials

April 10, 2006

The much-hyped Y2K computer bug came and went without so much as a whimper from a whirring hard drive. But unlike the threat of malfunctioning computers, health experts warn that the potential danger of an avian flu pandemic is far greater. In the event of a widespread outbreak in the United States, companies large and small need to be prepared in order to keep interruptions to a minimum, they say. “I am an evangelist for having a contingency plan,” said…

Circle Centre’s 4th floor may drum up office tenant: Percussive Arts Society lease could spawn other deals

April 17, 2006

The Lawton, Okla.-based Percussive Arts Society might announce as early as next month that it’s moving its 12 headquarters employees into 15,000 square feet on the troubled fourth floor of Circle Centre mall, according to a source familiar with the discussion. Roughly 10,000 of those square feet would be a museum that might get bongo enthusiasts and the curious alike to stop by and check out some Thai button gongs and West African talking drums. If all goes as planned,…

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

April 17, 2006

“They’re not the most communicative people in the world, so I don’t really have a good reason, other than the fact that I think at one point they thought they had a group of doctors to operate the clinic with, and it fell through,” said Jack Hogan, a senior vice president for Indianapolis-based Lauth. Forest Health corporate attorney Marie Paratto referred questions to Laurence H. Lenz Jr., an A bariatric surgery center built for roughly $11 million a couple years…

Scholar’s Inn ready to rise: Starbucks-like strategy: ‘Bread for the masses’

April 24, 2006

Scholar’s Inn bakers load delivery trucks with more than 5,000 loaves of bread each week. And each time head bread baker Jeff Duez rolls a rack of apricot almond bread out to the loading dock, he ducks his head. A 5-foot-high doorway separates the bakery’s Bloomington kitchen from the ramp where delivery trucks pull up twice daily. That’s one of the many inefficiencies co-owner Lyle Feigenbaum addressed when he purchased a 10,000-squarefoot production facility the company will fire up this…

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns

April 24, 2006

On April 14, as part of its Power Breakfast Series, the Indianapolis Business Journal gathered a panel of commercial real estate and construction experts to discuss industry conditions in the local market. In a discussion moderated by IBJ Editor Tom Harton, panelists took on a wide range of issues, including tax incentives and the status of downtown’s residential and retail markets. Power Breakfast guests were Mike Curless, executive vice president and principal with Lauth Property Group; Mike Wells, president of…

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

May 1, 2006

A Cleveland-based technology giant plans to move its Intech Park operation next month, leaving behind some attractive office space and a broken promise to create jobs. Parker Hannifin Corp. will consolidate its Indianapolis location into a California site, spokesman Jim Cartwright said. It should empty its 30,700-square-foot offices in the park’s Intech 10 building by the end of June. The move will have no impact on Parker Hannifin’s Tell City production facility, which employs about 100 people who make industrial…

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

May 8, 2006

Indiana’s days of economic development on the cheap may soon be finished. Three major new business-incentive funds are on the Indiana Economic Development Corp.’s wish list, each bearing a significant price tag. The General Assembly will decide next year whether to provide the more than $100 million IEDC requests to form them. Plans for the three funds are tucked into Gov. Mitch Daniels’ comprehensive new state economic development plan, “Accelerating Growth,” released April 25. It aims to bring Hoosiers’ lagging…

Refiner enjoys oil boom: Calumet Specialty Products sees stock price take off

May 8, 2006

Indianapolis is headquarters for Little Oil-Calumet Specialty Products Partners LP. Few locally have heard of the west-side refining and petroleum products company, let alone of its Jan. 25 initial public stock offering that raised $144 million. Calumet is controlled by an equally obscure group of families that still own the bulk of company shares. Yet shares of little Calumet-sales last year of $1.3 billion-are up 40 percent since the January IPO intended to fuel acquisitions. The appreciation is partly due…

THERE OUGHT TO BE A LAW: Judge not, lest ye have to fill out more surveys

May 8, 2006

When you voted in the primary May 2, and got to the judicial candidates, did you feel just a little … oh, what’s the right word … clueless? Uninformed? Ignorant about what any of these people actually thought about anything? Now some people might have felt that way about many of the candidates. But not you. Being the well-informed voter that you are, you’d already done your homework. Researched the issues. Asked the tough questions. And so you (and maybe…

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

May 8, 2006

State transportation engineers, having just tweaked traffic-light timing to improve flow on U.S. 31 in Carmel, next plan to target three other busy corridors in the metro area. They include U.S. 31 on the south side, between Interstate 465 and County Road 750N, and the increasingly congested stretch of State Road 37 between State Road 238 and Cumberland Road in Noblesville. The improvements to be conducted over the next several months can’t come fast enough for motorists weary of the…

Ex-wife gets big chunk of tech firm: Divorce settlement doesn’t give Interactive’s Kyle Brown influential voting rights

May 22, 2006

Kyle E. Brown received 3.9 million shares, or 23.9 percent of outstanding common shares, under a property settlement approved Feb. 14 in Boone Superior Court. At recent trading prices of around $9.60, that stake would be worth about $37.4 million to Kyle Brown. That still leaves Don Brown as the largest shareholder, with 4.8 million shares, or 28.6 percent, of the business communications software company he co- founded in 1994. In recent weeks, Kyle Brown has been reducing her holdings-selling…

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

May 22, 2006

One Call Communications has been placed in receivership, a day after a lender for its 2002 management buyout filed a lawsuit alleging the Carmel long-distance and operator-services company owes it more than $21 million. The May 11 lawsuit in U.S. District Court in Indianapolis by Pittsburgh-based PNC Bank appears to be the knockout blow for a telecommunications firm accused by several states of violating consumer protection laws in billing and collection practices. Also looming is a proposed $1.1 million fine…

Mass Ave condos in the works: High-end, 10-story project in trendy cultural district has 46 units, retail space

June 5, 2006

Log one more entry into the crowded field of downtown condo projects. But developers of a 10-story development at Massachusetts Avenue and New York Street think its location and amenities will reel in high-end buyers. The condos, dubbed Three Mass Ave, will be developed by a three-way partnership of Halakar Properties Inc., Pillar Investments LLC and architect Wayne Schmidt. “We want to make sure that this is a classy building that fits in with the historic nature of Mass Ave…

“No habla ingles”: Immigrants who want to advance find many programs to help them learn English

June 5, 2006

No habla inglesImmigrants who want to advance find many programs to help them learn English Osvaldo Escobedo was hungry to learn English. It was bad enough when he couldn’t advance at the Nissan Motor Co. plant in Aguascalientes, in central Mexico, because he couldn’t converse in the business language of English. Later, when he came to the United States, he couldn’t eat much more than what he could pronounce. “When I go to restaurant, I ask [for] ‘coffee and doughnuts….

NOTIONS: Fighting mountains, oceans with human connections

June 5, 2006

During the 1992 presidential campaign, H. Ross Perot used the phrase “that giant sucking sound” to describe what he feared would be a rush of American jobs into Mexico should the U.S. approve the North American Free Trade Agreement. In Indiana’s 2006 economy, “that giant sucking sound” describes the rush of Indiana talent across the state line to anywhere but here. In a phenomenon known as the “brain drain,” Indiana exports more young talent than it imports. But suppose we…

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Articles

Bulls of the Fairways:

INVESTING: Energy stocks had their run, but they may storm back

EYE ON THE PIE: Legislature wastes another session

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

Financial Strategies Mortgage Inc.: Training firm meeting national demand More states require continuing education for mortgage lenders

Experts: Businesses should prep for bird flu: Vast majority of U.S. companies have not budgeted for possible pandemic, despite warnings from health officials

Circle Centre’s 4th floor may drum up office tenant: Percussive Arts Society lease could spawn other deals

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

Scholar’s Inn ready to rise: Starbucks-like strategy: ‘Bread for the masses’

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

Refiner enjoys oil boom: Calumet Specialty Products sees stock price take off

THERE OUGHT TO BE A LAW: Judge not, lest ye have to fill out more surveys

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

Ex-wife gets big chunk of tech firm: Divorce settlement doesn’t give Interactive’s Kyle Brown influential voting rights

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

Mass Ave condos in the works: High-end, 10-story project in trendy cultural district has 46 units, retail space

“No habla ingles”: Immigrants who want to advance find many programs to help them learn English

NOTIONS: Fighting mountains, oceans with human connections