A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
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Back in the game-WEB ONLY
For almost 20 years, the Gene B. Glick Co. has been a sleeping giant. The state’s largest owner and manager of apartments spent much of the 1960s through the 1980s building a massive portfolio of apartment communities, mostly for low-income residents. The empire had grown to 100 properties and 18,000 total units across 10 states […]
Horse trading key to solving unemployment deficit
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come
up with solutions that will be difficult for both Democrats and Republicans to accept.Durham insider deal sparks outcry
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.PNC plans return to ‘old-fashioned’ lending standards
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.Market, not bailouts, should stimulate refinancings
Markets, no matter how imperfect, not government programs, manage the economy.
PNC plans return to ‘old-fashioned’ lending standards-WEB ONLY
Pittsburgh-based PNC Financial Services Group Inc. acquired struggling National City Corp. on Dec. 31 for $5.6 billion. Before their merger, PNC had no presence here, while Cleveland-based National City had 172 Indiana branches, including 75 in the Indianapolis area. PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger, the recession […]
NFP of NOTE: Indianapolis Art Center
The Indianapolis Art Center works to engage, enlighten and enhance our communities through art education, participation
and observation.Huge mortgage-relief plan goes beyond foreclosures-WEB ONLY
Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan today to keep as many as 9 million Americans from losing their homes to foreclosure. Another key component would specifically help those said to be “under water” – with dwellings whose market value have sunk below […]
RECORDS
|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]
CIB IN CRISIS No simple fix for $50M hole-WEB ONLY
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
Ballard consolidation plan targets townships-WEB ONLY
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Ballard consolidation plan targets townships-WEB ONLY
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Penrod Society stung by $380,000 theft
The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Thomas G. Deranek $300,000 $300,000 $0 $0 -1.5% Chairman, CEO $0 Terrence M. Decio $290,000 $290,000 $0 $0 -1.5% Vice president, marketing $0 Christopher R. Leader $235,000 $235,000 $0 $0 -1.9% Vice president, operations $0 Bruce […]
Attorney, sports marketer takes on new challenges
Milton Thompson, president and CEO of Grand Slam Cos., recently agreed to work with Indianapolis law firm SweetinBleeke and as vice president of corporate affairs for PinPoint Resources, an Indianapolis-based employment agency. Thompson previously worked with Barnes & Thornburg LLP for nearly three years. Thompson will continue to operate Grand Slam, a locally based sports […]
Appeals pay off for biz owners
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) William I. Miller $658,898 $650,000 $0 $8,898 -60% CEO, chairman and president $0 Gregory F. Ehlinger $543,233 $316,000 $218,921 $8,312 N/A Chief financial officer $0 Joseph R. LaLeggia $991,253 $362,213 $73,982 $555,058 61% President, commercial finance […]
The Finish Line Inc.
The Finish Line Inc. The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. For the quarter ended Aug. 30, the company reported net income of $13.1 million, or 24 cents per diluted share, on $353.3 million in revenue. Those totals compare […]
Chinese wins converts
Chinese wins converts IU embraces difficult language as China’s economic influence spreads The rise of China’s economic and cultural stars has ignited the popularity of Chinese language instruction at Indiana University, which is gaining national distinction as a leader in the field. The number of students taking Chinese language classes has grown 110 percent over […]