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How Family Friendly is: Duke Realty Corp.: Locally based, publicly traded, commercial real estate firm

Duke Realty Corp. Locally based, publicly traded, commercial real estate firm Flexible work arrangements Duke managers support flexible work arrangements whenever possible. Some associates work flexible hours, compressed workweeks, part-time schedules or take advantage of part-time telecommuting. Child care Dependent Care Flexible Spending Accounts are offered and allow associates to set aside money on a before-tax basis through payroll deductions to cover daycare expenses. Family leave/military leave Eligible associates may take FMLA leave up to 12 weeks. Employees can also…

Landlord wants tenants who share NFP mission: Foundation will give priority to health-related charities

Indianapolis not-for-profits grappling with rising rents may soon have another option-leasing space from one of their own. Health Foundation of Greater Indianapolis bought the former St. Mary’s Catholic School in September and has undertaken $2.5 million in renovations expected to be complete by year-end. A diverse group of for-profit tenants-everyone from architects to violinmakers-already occupy about 80 percent of the 38,000-square-foot building at 429 E. Vermont St. But when the time comes to fill vacant space in The Academy, the…

Aprimo gears up for IPO: Acquisitions, internal growth put software firm in position to consider public leap

Fast-growing marketing-software-maker Aprimo Inc. is positioning itself for an initial public offering, likely within the next 18 months. “I think they have big plans in the marketplace,” said Kimberly Collins, senior analyst for Stamford, Conn.-based technology research firm Gartner Inc. “Clearly, Aprimo would like to … file an IPO. I think they want very much to be the next Unica in the marketplace,” referring to a direct rival that went public last August. Founded in 1998, Indianapolis-based Aprimo makes a…

WANTED: Coach with Midas touch: IU searching for hoops leader who’ll bring financial stability to athletics-and university

With a $1 billion capital campaign looming at Indiana University, athletic director Rick Greenspan is facing his biggest decision. Many observers think the choice of basketball coach will determine not only the health of the men’s basketball program, but of the entire IU athletic department-and to some extent the entire university-for decades to come. IU officials have not yet publicly announced their capital campaign, which would allocate about $85 million for the university’s athletic facilities, and likely won’t until next…

TAWN PARENT Commentary: Bill offers new hope for Main Street

Recycling isn’t just good for the environment. It’s good for buildings, and ultimately for economic development. When the Disciples of Christ moved its international headquarters downtown from Irvington in 1995, it left behind a 121,000-square-foot structure built in 1910 that could easily have become a vacant eyesore in the east-side neighborhood. Instead, local developer Mansur Real Estate Services Inc. helped give it new life as Mission Apartments for seniors. That $6.5 million project might not have happened without the help…

BEHIND THE NEWS Auditor jabs Obsidian as it prepares to go private:

If all goes as planned, a Tim Durham-led investment group will take publicly traded Obsidian Enterprises Inc. private by the end of the month. The Indianapolis company’s five-year run on Wall Street has been inglorious by any measure. Stock in the transportation and manufacturing firm has tumbled, from a split-adjusted $12 in 2001 to $1.80 today. Over the last three years, Obsidian has posted a combined $22 million in losses. As if that weren’t enough, now the company’s former outside…

ECONOMIC ANALYSIS: Rising costs, lower prices sting domestic carmakers

As predictions go, it’s not a particularly difficult call. The trends are unmistakable, and the precedents in other industries are clear. Yet the silence on the part of workers, executives and even analysts on the issue bespeaks the pain, anger and denial that lurk just beneath the surface. The situation is this: In a very short span of time, perhaps as little as two or three years, the era of the highly paid automobile industry production worker will come to…

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

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…

EYE ON THE PIE: Here’s a recipe for business success

Clovis Crowder did not become a leading Hoosier executive by default. He did not inherit his position. He earned it. A man of rugged countenance, imposing stature and brilliant intellect, he is often mentioned as a candidate for high elected office, but humbly declines all such invitations. Also, he has no ambition to be a university president or a basketball coach. Recently, he and I had the following conversation: MM: “Tell me, Mr. Crowder, what has been the essential feature…

Indiana’s universities give industry a boost: State touts wealth of higher-ed insurance programs

Politicians seem so much more 21st century when they talk about attracting life sciences and information technology jobs to Indiana. But they’re not about to ignore the state’s second-largest employer-the often-overlooked insurance industry. Indiana insurers employ more than 60,000 Hoosiers, second only to farming, and pay an average annual salary of $47,500, nearly $10,000 more than the state average, according to a 2004 study by Purdue University. Moreover, the industry boasts some of the state’s largest public and private companies-WellPoint…

RETURN ON TECHNOLOGY: Is too much news leaving you woozy these days?

When it comes to news, there are two kinds of consumers: the “E.F. Hutton people” and the “cocktail party people.” E.F. Huttoners have it easy. Cocktail partiers are only now getting some help making their lives more manageable. Years ago, E.F. Hutton ran a series of commercials that would always take place in a crowded spot, like a restaurant or plaza. One actor would be talking about his investment advice and preface it with, “Well, my broker is E.F. Hutton,…

EYE ON THE PIE: Major Moves elicits childish behavior

There are issues in Indiana other than the toll-road lease and building Interstate 69. Yet some people in the Legislature refuse to relinquish their roles as reactionaries. Example: Out of their minds with xenophobia (the fear of foreigners) the House insisted that toll booths display American flags. Why not require that all BP (British Petroleum) gas stations fly the American flag? How about giving a loyalty test to Mittal Steel, which owns a big chunk of assets in northwestern Indiana?…

BULLS & BEARS: Rantings lift TV ratings, but not portfolio values

If you own individual stocks, you know they periodically drop or pop in price for no apparent reason. A big company’s total value can easily swing several billion dollars with seemingly innocuous news or comments from an influential analyst. One of the guys who can influence investor behavior is James Cramer, host of CNBC’s “Mad Money.” It is one of CNBC’s highest-rated shows and is entertaining, if you like stock market TV shows. If you hate those kinds of shows,…

Wishard bounces back, projects $23M surplus: Improved billing, debt collection dry up red ink

Wishard Health Services made it back into the black in 2005, three years after posting a staggering loss of $77 million. The not-for-profit, public hospital system expects to record a $23 million surplus on $362 million in revenue when budget totals are final in a few months. Its leaders expect to wind up with another surplus in 2006. Such performance is a noteworthy achievement in the public health universe, said Lynne Fagnani, senior vice president for the Washington, D.C.-based National…

SPORTS: It’s about more than hoops if Chicago gets tourneys

Our month of Much Madness has begun. Forty-one games in 33 days downtown. The Big Ten women’s and men’s tournaments (20 games). The IHSAA girls’ and boys’state finals (eight games). The National Association of Basketball Coaches All-Star Game on Final Four weekend. The NCAA Men’s Final Four (three games). And, interspersed throughout, nine Indiana Pacers home games. So what’s your pleasure? High school, college, pro? No matter the level, it is coming to Indianapolis in abundance. Quality and quantity, packaged…

Making the grade: Pay-for-performance system nearing reality for local physicians

Central Indiana stands on the leading edge of a national push by health care insurance systems to link doctors’ pay with their performance. The Indiana Health Information Exchange-a not-for-profit collaboration among some of the state’s largest health care providers-is developing a program that uses data collected from insurers and care providers to produce quality reports. Those reports then will be sent to doctors and used by the insurers to develop incentive programs for reimbursement. The goal: Start a system by…

Bulls of the Fairways:

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…

CHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress

Like Mayor Bart Peterson’s Indianapolis Works legislation last year, Gov. Mitch Daniels’ Major Moves bill has become the political football of this legislative season. The rhetoric and posturing associated with the highway funding bill has been as partisan and irrational as it comes. It’s as if the Democrats who oppose Major Moves are trying to compensate for their party’s inability to produce a solution to our state’s highways needs during the previous 16 years of Democratic leadership under governors Bayh,…

BEHIND THE NEWS: Bank plays the ‘local’ card, but will it succumb to sale?

An in-your-face ad campaign that First Indiana Corp. rolled out last month highlights the Indianapolisbased bank’s local roots and leaves the distinct impression it won’t be accepting a buyout offer anytime soon. Rhetoric or reality? Time will tell. “If you run an Indiana business, you need an Indiana bank,” reads one of the ads. It continues: “Remember when your local bank was actually local?” First Indiana executives and directors are savoring the sale of Union Federal Bank, which leaves First…

NOTIONS: As fumes meet fare, my restaurant boycott begins

Recently, I testified before the Greenwood Common Council. I spoke in favor of that community’s proposed ban on workplace smoking. The stuff killed my wife, Pam, a 49-year-old nonsmoker, so I encourage practitioners of good government to spare others the same fate. When all the witnesses had filled the allotted 30 minutes, Greenwood’s council members spoke up-most in favor. But an opponent, Councilman Ron Deer, said smokers ought to have choices. No, he said, people should not be able to…