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How Family Friendly is: Baker & Daniels LLP: Serving regional, national and international business clients

Baker & Daniels LLP Serving regional, national and international business clients Flexible working arrangements Laptops and BlackBerries are provided for all legal and management staff to allow them to work from home or for use while traveling, when necessary. The firm allows attorneys to stay on partnership track while on a reducedhours schedule due to a family situation or other pre-approved situation. At its discretion, the firm will consider telecommuting arrangements for employees who have at least one year of…

Prescription drug abuse on the rise

When the Department of Justice slapped St. Vincent Indianapolis Hospital with a $1.2 million fine last month, it stunned local
medical professionals. But the issue behind St. Vincent’s troubles is no surprise. The diversion of prescriptions drugs from
the medical field into recreational use is a widespread problem in Indiana and the nation.

INVESTING: Strange time for business: Bad, good news abounds

There is an ancient Chinese proverb that says, “May you live in interesting times.” The saying possesses a sort of electric connotation, with hopes that one experiences an exciting lifetime. Yet in the historical use of this proverb, the interpretation of “interesting times” hasn’t always meant “good times,” with some recitals implying “dangerous times.” For investors, our times are certainly interesting. We have a global economy that is booming. Economic growth across the planet has never been in such harmony….

MICKEY MAURER Commentary: The right men for a tough job

In response to the sticker shock experienced by many Hoosiers upon opening the envelope from the property-tax assessor, Gov. Mitch Daniels announced a number of major moves. He ordered new assessments in Marion County and other counties throughout the state; a tax bill freeze in these counties to the 2006 levy; and the creation of a commission on local government reform, co-chaired by Indiana Supreme Court Chief Justice Randall Shepard and former Gov. Joe Kernan. The mission of the commission…

Prenatal product designed to aid development: Biologist mom of seven sold on benefits of system

When Lisa Jarrett was expecting her fourth child in 1991, her obstetrician husband pulled out an article he had read in a medical journal about a prenatal audio development system. Created by physician and researcher Brent Logan, the system is designed to help a baby’s brain develop before it is born by introducing simple rhythms similar to the mother’s heartbeat. “It’s a cognitive curriculum,” Jarrett said. After obtaining Logan’s tapes and using them through her next three pregnancies, she was…

An update on three women-owned startups: Innovative ideas lead to business expansion

Invoke In addition to the yoga and pilates classes offered at Invoke, owner Amy Peddycord has added clothing from Lululemon, a popular Canadian apparel brand. She also has established a relationship with Santa Monica, Calif.-based Yoga Works, which has 14 studios throughout California and New York. Yoga Works will lead a teacher training program at Invoke in 2008. Peddycord says hiring an office manager in 2006 was the best thing she’s done. “Nicole [Schoville] quickly grew into the role and…

Did mortgage losses spur sudden First Indiana sale?:

First Indiana Corp. announced poor second-quarter financial results Aug. 7-which raises this interesting question: Did the city’s biggest locally owned bank race to sell itself last month because the results otherwise would have caused its stock to tumble? Even before the earnings report, banking observers were abuzz that the $529 million sale to Milwaukee-based Marshall & Ilsley Corp. seemed rushed. While many expected First Indiana to sell eventually, CEO Robert Warrington had seemed hellbent on improving results first to drive…

Land trusts find foothold in Indiana

In an effort to preserve Indiana woodlands , some property owners are transferring development rights to Central Indiana Land
Trust Inc., a not-for-profit environmental group. Owners can grant a so-called conservation easement in exchange for an impressive
array of tax benefits.

Property-tax reassessment may not be fix-all

The property-tax reassessment process that Gov. Mitch Daniels ordered last month will take five months and cost up to $3 million.
But don’t expect it to significantly alter the property-tax equation, warns Franklin Township Assessor Becky Williams, who
also serves as president of the Indiana Assessors Association.

City’s relocation from Sherman Park raising concerns: Indianapolis moving departments from blighted area

When the city of Indianapolis relocates two of its departments later this year from Sherman Park on the near east side to 1200 S. Madison Ave., some say the city is merely trading one blighted area for another-and abandoning a neighborhood it has said it wants to help. And over the 10-year lease with Pillar Investments LLC, owner of the Madison Avenue property, the city will pay nearly $1.2 million more in rent than it would had it stayed at…

VOICES FROM THE INDUSTRY: Greener Indianapolis buildings could be within reach

In case you’ve missed it, energy dependence and environmental preservation are among the most pressing issues here at home and around the globe. The issue is forcing all of us to take a hard look at nearly every aspect of how we live. This self examination of sorts, extends point on building costs can sometimes move as a strategy to draw down life-cycle costs. Typically the increased front-end investment can be recovered within a relatively short period. In order to…

Office market vacancy rates showing positive signs: Government leasing boosts downtown performance; suburbs see fast absorption despite flurry of construction

Downtown and suburban vacancy rates are declining slightly or at least holding steady-a positive sign for an Indianapolis office market absorbing a plethora of new space on the city’s north side. The second-quarter vacancy rate for the central business district dropped to 15.9 percent, from 16.7 percent the previous quarter, according to data from the local office of St. Louis-based commercial real estate firm Colliers Turley Martin Tucker. A similar report from the local office of Los Angeles-based CB Richard…

SPORTS: Star athletes say the craziest things (or do they?)

Ah, another day, and another kick in the teeth for the Indiana Pacers. Back to the oral surgeon. The kind word for the Pacers’ Jermaine O’Neal would be disingenuous. Either that, or it’s a gaggle of reporters whom O’Neal wants us to believe either fictionalized or took several quotes “out of context”-don’t you love that fallback phrase?-last weekend in Los Angeles, where O’Neal said (or didn’t say) he wanted to be traded to the Lakers and was critical of Pacers’…

Plans for Central State’s rebirth taking shape: Mixed-use 150-acre project vast in scope, challenging

Touring the expansive grounds of the former Central State Hospital west of downtown is like taking a trip back in time-evident by the crumbling buildings that are as dated as the site’s original Hospital for the Insane name. But a redevelopment in the final stages of city approval could breathe new life into a 150-acre parcel surrounded by blighted neighborhoods to the east and north and Hispanic storefronts to the south along West Washington Street. The proposal features a mix…

EYE ON THE PIE: Are big counties getting all the goodies?

Are the most-populated counties of the northeast and southwest corners of Indiana improving their economies faster than their regional neighbors? Indiana is very sensitive to this issue. Throughout the state, people resent the presumed primacy of Indianapolis, which serves as the center of Hoosier government and business. Those outside Marion County claim that all the goodies go to Indianapolis and the rest of the state gets only the leftovers. Are the carpers right, or are they deluded by a residual…

PROFILE THERESIA WHITFIELD: Changing direction after life-altering crisis Former CNN producer follows path to healing, new career after overcoming post-traumatic stress

Whitfield, owner of Indianapolis-based Fletcher Communications Inc., was a freelance television news producer working for CNN, Reuters News and the Christian Broadcasting Network’s news division in Washington, D.C., when American Airlines Flight 77 crashed into the Pentagon. Four years later, Whitfield crashed emotionally and was hospitalized suffering from posttraumatic stress disorder. The daughter of a retired Army officer, Whitfield, 39, had moved many times as a child before settling in Columbia, S.C. She graduated from high school in 1986, but…

Beilouny Luxury Properties carves out downtown niche: Propelled by its flagship 757 Mass Ave project, upstart local developer eyeing more mixed-use projects

When Ed Beilouny bought property at the southwest corner of Massachusetts and College avenues in 1977, many of his friends and family members thought he was crazy. The neighborhood wasn’t much to look at. In the eyes of some, it was downright dangerous. But Beilouny, who was born in New York, had a vision that would take 30 years to develop. The land is now home to the flagship building of Beilouny Luxury Properties, a privately held company that has…

Fantasy football leagues concern employers

The kickoff of the National Football League season this month has many central Indiana employers fearful that fantasy will
encroach on reality. The fretfulness revolves around the start of the fantasy football season, where fans draft real players
onto make-believe teams and track their individual performances via organized Web sites.

Fieldhouse must fend off Louisville arena rival

Although the opening of a 22,000-seat arena in Louisville is still three years away, officials here are already bracing for
a raid on Indianapolis and Conseco Fieldhouse events. Several Indianapolis interests will be watching Aug. 20 as the Louisville
Arena Authority unveils designs for the arena along the Ohio River.