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Time-tested market tools say it’s still a bear market INVESTING:

Bull and bear markets are different animals, and they need to be treated differently. Knowing which market you are in is one of the most helpful pieces of information an investor can have. Realizing there are no absolutes in this business, we have to rely on an array of tools and indicators to help us reach a determination. We then have to hope that this “weight of evidence” approach proves as reliable as it has over the last 200 years….

SPORTS: Our new playground is much more than a stadium

Now, I feel like the unlucky one. For the past two years, I’ve been privileged to be part of monthly media tours of Lucas Oil Stadium. I was there as the concrete bowl began to take shape, and as those steel trusses that would frame the retractable roof were put into place. I was there as the brick exterior began to climb, and when the concourses were little more than freshly poured concrete and empty spaces. I was there when…

Eiteljorg takes artifact ownership dispute to court: Quarrels over origins rare but troubling for museums

A New Mexico man claims an artifact in the Eiteljorg Museum of American Indians and Western Art’s collection was stolen from him in 1984 before it was purchased and donated to the Indianapolis museum in 1989. Artifacts dealer Robert Vandenberg says the American Indian war shirt-a long, fringed shirt made of hide-is worth as much as $200,000 and he is asking the Eiteljorg to hand it over. The museum, on the other hand, says Indianapolis businessman Harrison Eiteljorg had clear…

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

Saddling up for a night of work under the stars: Carriage driver encounters romance, drunkenness

When she reported to work at 5 p.m. on a recent evening, Taylor consulted a chart and saw she was assigned to Cheyenne, a 16-year-old mare, and carriage number 29. She backed the spotted horse out of the stall, hitched up the carriage-making sure all straps were tightly fastened-and left the Yellow Rose stables at 13th Street and Capitol Avenue. During the half-hour ride to Monument Circle, she explained the personal challenge that carriage driving posed. It wasn’t how to…

VIEWPOINT: Recruiting: If you lie down with dogs …

The recent episode involving former IU basketball coach Kelvin Sampson underscores how badly broken is our system of recruiting and qualifying top leaders. Reference checks by highly paid professional recruiters failed to turn up the true nature of this leader. Yes, we all were aware of his lack of character at the University of Oklahoma, but were there signs of this lack of character in his past at Montana Tech or Washington State University? One would hope the recruiters went…

Huguenard a billion-dollar broker: Senior vice president at Colliers one of the nation’s top deal-makers

John E. Huguenard is on a roll. He’s got $1 billion in active industrial listings and is on track to top his $700 million deal volume from last year. The low-key super-broker for the local office of commercial real estate powerhouse Colliers Turley Martin Tucker has closed 17 deals worth a total of $250 million already this year. And that’s no fluke: Huguenard, 45, has sold or leased more than 100 million square feet of industrial property in more than…

Slump leaves empty feeling for subdivision residents: Developers struggling to finish what they started

The marketing material for the Sedona Woods community in Fishers boasts that once word gets out, home lots are sure to sell out quickly. In hindsight, the statement couldn’t have been further off the mark. Roughly four years later, the subdivision that ultimately was to contain hundreds of homes built by Davis Homes LLC remains unfinished. And now, after the local builder ceased operations in late July, completion could take even longer. Sedona Woods at Promise Road and 136th Street…

A&E: Schmart changes highlight “The Producers”

When you’ve seen many productions at a theater (and I’ve seen many at Beef & Boards) and you’ve also seen multiple versions of a particular show (I’ve witnessed two previous takes on “The Producers” in addition to both film versions) then, when the familiar theater and the familiar show come together, you can’t help but have some expectations. That’s not to say there’s prejudgment-just some assumptions. For instance, going into Beef & Boards’ “The Producers,” I figured it would take…

EDITORIAL: Privatizing MAC worth exploring: Saving cash shouldn’t be only goal

Privatizing MAC worth exploring Saving cash shouldn’t be only goal The bad news: The Mayor’s Action Center-city government’s primary vehicle for responding to citizen complaints-is vastly ineffective. When nearly half the residents who call the center hang up the phone in frustration before reporting their problems, you know something isn’t working right. The good news: Indianapolis Mayor Greg Ballard recognizes there is a big problem with the MAC and says he wants to fix it. In late July, he issued…

FUNNY BUSINESS: Wrap-master Redmond on Reynolds e-mail

I suppose you got the e-mail about Reynolds Wrap. Oh. Well, then, you’re among the few Amer icans who didn’t Actually, you might want to check your e mail after you finish reading IBJ. It’ll probably be waiting in your in-box Although I guess you really won’t have to, seeing as how I’m going to go ahead and spoil the surprise. Under a subject line full of typical Internet understatement (“OMG! THIS IS SO AMAZING! YOU HAVE TO SEE THIS!”)…

Murky motive adds intrigue to Old National loan saga

In the buttoned-down world of banking, it doesn't get much stranger than this: An Indianapolis loan officer with a strong reputation is suddenly dismissed after his employer charges he falsified lending documents. The bank says the fraud exposes it to potential losses approaching $20 million. And here's the kicker: The employer hasn't accused the banker of committing the wrongdoing for personal gain.

Lucas says please don’t call stadium ‘The Luke’

Officials for Lucas Oil Products Inc. are imploring fans and media not to refer to the team’s new stadium as The Luke,
a nickname that has cropped up on sports talk radio shows and been repeated in print and on TV. The nickname
seems to be gaining momentum, and that doesn’t sit well with Lucas brass already playing defense against
New Jersey-based Lukoil Co. California based-Lucas Oil signed a 20-year, $121.5 million naming-rights deal
for the Colts’ new stadium.

Small towns with a heart: Spurning sprawl, more towns upbeat on downtown

From Andy Griffith’s Mayberry, the small town evolved into the likes of Avon, Ind. The tree-shaded bungalow on Oak Street within walking distance of the town center became the vinyl-clad, single-family home planted in a former cornfield with a contrived name ending in “creek” or “woods” or “farms.” Residents have to jump in the car if they want to buy a cup of coffee or to patronize the predictable chain restaurants and bigbox retailers. The Best Buy on Avon’s main…

EYE ON THE PIE: Will people pay more for better care?

It was dark and I was feeling anxious about getting this column out on time. Then there was a tap at the sliding door to the deck. It was an apparition, a ghost, a figure all in white out of a 19th-century novel. But the tap was real. I opened the door and recognized her. “Nellie,” I said, “what are you doing out here at this hour?” Yes, it was Nellie, the Nervous Nurse, who lives close by. “My frog…

VOICES FROM THE INDUSTRY: An open letter to the commercial lending community

Dear lenders: Perhaps you have seen the recent headlines that declared suburban Indianapolis among the best places in the country to live and raise a family. Perhaps you’ve also taken note that there are a lot of things happening in our communities. Big projects abound in the Indi anapolis area, including Lucas Oil Stadium and the Midfield Terminal at Indianapolis International Airport. People are so excited about the new stadium they lined up for hours trying to get a tour…

Firm brings big-name help to small not-for-profits: Consultant will offer tiered Web-based advice to help keep its fees affordable

Some heavy hitters in the local not-forprofit consulting world have formed Achieve LLC, a company that will use the Internet to make high-end advice available to small and midsize charities. Its goal is to give organizations experiencing growing pains access to expert advice they usually can’t afford. “The question was, how do you fill that void for smaller not-for-profits?” said coowner and Vice President Dave Sternberg, former associate director of the Fundraising School at Indiana University’s Center on Philanthropy and…

Nordstrom new north-side store targets tonier shoppers

Come Sept. 19, Nordstrom Inc.’s got a brand new bag–and, well, shoes, hat and ensemble to match–as the department store
opens a second Indianapolis location, in the Fashion Mall at Keystone. Residing in Parisian’s former quarters,
the new store is poised to burnish the mall’s reputation as the region’s highest-end shopping destination.

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….