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Most of an entire housing development going up just west of Muncie will be auctioned at a Delaware County sheriff’s sale, and the developer says a weak housing market is to blame, according to The Star Press. M&M Construction of Muncie, the developer of Laurel Meadows, said 38 undeveloped lots will be auctioned; 15 homes […]
The town of Schererville has approved the rezoning of 30 acres for commercial use, setting the stage for a proposed 350,000-square-foot lifestyle shopping center that would create about 2,800 jobs, reports the Times of Northwest Indiana. The developers of the Lake County outdoor mall are Jacksonville-based Regency Centers Corp. and Billings, Mont.-based Boyer Properties LLC. […]
As Indiana Gov. Mitch Daniels prepares for a likely second run for office, two prominent historians say he already has accomplished enough to go down in history as a change agent who raised controversy by ramrodding through an agenda that included passage of daylight-saving time and the $3.85 billion lease of the Indiana Toll Road. […]
Undeterred by stepped-up competition and tough margins, Fort Wayne-based Star Financial Bank is building an Indianapolis regional hub and has lined up land for four new locations. The privately held bank launched an Indianapolis-area expansion effort in 2001, and now has seven offices here-including three in Fishers, one in Carmel and one in Noblesville. The latest expansion salvo includes 25,000 square feet of leased space within an office building under construction at Keystone at the Crossing, next door to the…
I’m as much of a capitalist as anybody, but even I’m amazed sometimes at what a free market can come up with. Thanks to one little tiny addition to modern computers, a whole industry has opened up. That addition is the USB port, a little slot on the case of almost all present-day computers. Most now have two or more, in fact. “USB” stands for “universal serial bus,” and it’s replaced the older D-shaped serial ports, round PS2 mouse and…
Try saying that three times fast. Or better yet, check out Frampton’s eclectic innovations at the local showrooms that stock them. Frampton, 51, is president of Fanimation Inc. in Zionsville, a designer and distributor of custom fans that circulate a cool breeze in ways rivaled only by his collection of bizarre antique models that often provide his inspiration. Foremost among his unusual creations of ceilingmounted fans is the futuristic Enigma, which sports a single blade and was featured in a…
Buyers in the market for million-dollar homes can afford to be choosy these days, as the softness in the overall market extends
to the high end, real estate agents say. Through the first quarter of this year, home sales in the 13-county Indianapolis
area fell nearly 12 percent, according to the Metropolitan Indianapolis Board of Realtors.
There’s been something peculiar going on in the business media in Indiana over the last few weeks. We’ve been beating ourselves up because the state is losing manufacturing jobs. Headlines about the decline are popping up, and state and local development officials are facing the bright light of media scrutiny. The chatter on Internet “talk-back” forums serves up plenty of people to blame-the governor, the unions, the Chinese and even our neighbors who buy imported goods. But if I could…
The road Indiana is traveling to help the nation reduce its dependence on foreign oil could be in for a bumpier ride than even the worst Hoosier highways. Indiana is at the epicenter of the renewable fuels movement and has provided economic incentives for the construction of a dozen new ethanol plants, four of which should be operating by the end of the year. Annually, the 380 million bushels of corn that will be used to make more than 1…
BioCrossroads is exploring an unusual new strategy to boost the development of Indiana’s life sciences industry: Team up with
San Diego. Advocates say it’s a novel approach with enormous potential for Indiana.
It was Friday evening, June 1, after 10 p.m. My wife, my son Zach and I were enjoying a late dinner at downtown’s Rock Bottom Brewery when all hell broke loose. We were seated indoors, near the front window. Many patrons were seated outside in the sidewalk section. I was looking toward the outdoor tables beyond Zach’s shoulder when I saw a skinny, shirtless young man zoom by on a bicycle. The bike was the size I rode when I…
Iasta.comInc. From chemicals to coatings E-sourcing software streamlines purchasing cycle Companies wanting to gain a strategic foothold in today’s fast-paced Internet-based supply chain marketplace are turning to companies like Indianapolisbased Iasta, an e-sourcing software and services company. Co-founder David Bush, senior vice president for business development, said Iasta’s software product allows companies to be more competitive in tracking work flow and to conduct reverse auctions where suppliers can bid for their business. An Indiana University environmental science graduate, Bush started…
Many city leaders are looking for the next big sporting event to fill the void left by our failed attempt to land the 2011 Super Bowl. How about the Frozen Four in 2013? For the uninitiated, the Frozen Four is the hockey equivalent of the NCAA Final Four in basketball. It ain’t no Super Bowl, to be sure, but the Frozen Four is an event that’s come into its own. The last bid package to host the tournament drew a…
Local women forge a path to the top in health care management Health care is the second-fastest-growing sector of the U.S. economy, employing more than 12 million workers, according to the National Institute for Occupational Safety and Health. Women make up nearly 80 percent of the health care work force, and increasingly they’re moving into the executive ranks. Locally, St. Vincent Indianapolis Hospital, Riley Hospital for Children and Noblesville’s Riverview Hospital all have women at the helm. And women hold top…
The Better Business Bureau of Central Indiana this year launched an aggressive billboard advertising campaign to fortify its brand and boost membership, which BBB officials said already is on the rise. In late March, 30 billboards popped up around the city proclaiming “BBB = Trust.” The local Web site, www.indybbb.org, also is featured on the billboards. The campaign cost about $16,000 and will stretch through the summer. Officials already are crediting the effort with a strong uptick in calls to…
In this era of hyper-scrutiny of corporate ethics, even messy personal lives can fell the career of a “well-loved and well-respected”
executive. Such appears to be the case with David C. Colby, whom WellPoint Inc. forced to resign as its vice chairman and
chief financial officer on May 30 for violating the company’s code of conduct in a “non-business” way.
Over the last few months, I’ve gotten to know an expert in the trust business by the name of Charlie Mosbrucker. He is a former trust officer and lawyer who spent more than 22 years working in various trust departments. Over the last decade or so, the trust business has evolved and, as he says, “Today’s trust company is not your grandfather’s trust company.” When I think of a trust company, my image is that of a chubby white-haired guy…
WXIN-TV Channel 59 has become the provider of general news and weather for IBJ Daily, the free news e-mail sent to more than 25,000 subscribers each weekday. The arrangement is part of a new newsgathering partnership between IBJ and the local Fox affiliate. “We are looking forward to an ongoing relationship with Fox 59. In our discussions, we were impressed by management of the organization and their commitment to news,” IBJ Publisher Chris Katterjohn said. “One of the reasons we…
From a manufacturing perspective, the United States in the 21st century is a curious place. In 1950s, science promised us the day when high-technology advances would perfrom a whole range of mundane work, thus releasing humanity to the pursuit of more noble intellectual and fulfilling activities. A half-century later, much of that promise-at least from the technology side-has been fulfilled. Yet, curiously, when the natural evolution of the free market affects U.S. manufacturing, all manner of handwringing and doom-saying emerge….
A tenet of modern portfolio theory is the call to diversify. Over the long haul, equities have gone up twothirds of the time. That means losses have occurred onethird of the time-and they’ve sometimes been severe. Hypothetically, a greater mix of asset classes should protect against the downside and perhaps even provide a portfolio with gains even when equities are down. But diversify into what? Thirty years ago, when modern portfolio theory was just gaining ground, investors had few choices….
