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SPORTS: Sports media turns blind eye to coaches of faith

In today’s America, the separation (or lack thereof) of church and state is a political lightning rod. The separation of church and sports is not of concern. That’s because the media already has taken care of it. In the sports media, references to religion in general or of a higher being in particular are not welcome. For athletes or coaches to say their success has come from the gifts given to them by their Creator does not compute in the…

Squabble threatens ABA’s credibility

Rival board members are at war over the future of the American Basketball Association just as the Indianapolis-based professional
league appeared to be on the cusp of breakthrough growth.

Condo project sparks interest in Fletcher Place: Property values rising as Villaggio takes shape

Revitalization efforts had been plodding along for years in the triangleshaped historic neighborhood known as Fletcher Place. The slower pace of development gave the neighborhood just southeast of downtown a lower profile than places like Chatham Arch and Lockerbie Square. But Fletcher Place is under the radar no more, thanks to a massive eight-story condo project known as Villaggio at Page Pointe. The 64-unit building-now the neighborhood’s tallest structure-looks like it could be in Florida, except its panoramic views capitalize…

Interstate 69 corridor luring more distribution buildings: Unlike busy Plainfield market, where projects are huge, Fishers, Noblesville attracting smaller warehouses

Two massive developments with sizable retail components along the Interstate 69 corridor in Hamilton County are helping to spur the construction of several nearby distribution centers. The light industrial space rising near Fishers and Noblesville is unlike the monstrous warehouse projects prevalent west of Indianapolis in Plainfield and popping up within the Anson project near Whitestown. They instead are mediumsize warehouse or showroom space meant for small businesses expected to populate Hamilton Town Center and Saxony at the Exit 10…

NOTIONS: If you want to be your best, Easy Street’s a dead end

I’ve been driving around Indiana with my pal, the professor. For four consecutive Thursdays, we rendezvoused at dawn, grabbed cups of caffeine and headed to the northeast corner of the state to teach grant-writing. Our students, desperately seeking funds for the not-for-profit organizations they lead, were eager to learn and engaged in our lesson. The conversations en route were equally engrossing. We talked about our families and their health, our kids and their activities. We covered politics, sports and our…

Biz parks looking to regain cachet: Once-hot office spots Keystone, Precedent face more competition, see occupancy slip

The new owners of Keystone at the Crossing and Precedent Office Park-two prominent, but aging, business parks on the city’s north side-are undertaking major projects to stay competitive amid a rising glut of office space. Both office complexes became popular corporate addresses after their development in the 1980s and enjoyed near-maximum occupancy throughout much of their history. But vacancy rates at the high-profile parks have begun to climb in recent years. Indianapolis-based commercial real estate investment manager HDG Mansur, on…

EYE ON THE PIE: Are we spending too much on pets?

“It’s such a hassle, day after day after day,” she said. “What’s a hassle?” I asked. “Oh, you know,” she answered, mixing her yogurt deep into the cereal. “Why,” she continued without continuity, “don’t you write about global warming? It’s a very serious problem that they need to do something about.” “Who are ‘they’?” I inquired. “All the big guys,” she said “the power brokers, the decision-makers and the office-holders, all of them.” “Pandy,” I said politely, “global warming and…

Cross-border investment in real estate on the rise: Local brokerages playing a role in growing trend

In 2006, $645 billion was sunk into real estate investments across the globe, according to a recent Cushman & Wakefield report. Of that, $187 billion was sent across borders to invest. And companies everywhere are chasing the most cost-effective spots to locate factories and needed hubs for office space. With all that cash changing hands, several locally based companies have made sure they’re positioned to help play a part. Take Indianapolis-based HDG Mansur, for example. In the field for 25…

INVESTING: Know when to let go of a once-hot stock

Raise your hand if you ever get emotional about a stock. You lost money on it once, or the company has a bad reputation and you refuse to buy it. (As I mentioned last week, that almost kept me out of GM. I’m glad I let the facts make the decision for me. GM is up four bucks a share in the last few weeks.) Or, even worse, you hold a stock for a while, then, a few years later,…

Surging European sales stoke Hurco profit

Hurco Companies Inc. said profit in its first fiscal quarter exploded 78 percent due to strong sales in Europe. The Indianapolis machine tool maker said the $5.4 million in earnings in the period ended Jan. 1 also was driven by selling higher-priced machines. The increase came despite softening sales in North America and Asia.

UPDATE: Lilly to appeal British rejection of Alimta

Eli Lilly and Co. said today it will appeal a decision by Great Britain’s National Institute for Health and Clinical Excellence to not recommend its Alimta lung cancer drug. The Indianapolis drugmaker said it was disappointed with the decision, and that the decision would limit patient treatment. The agency, which is influential with doctors, said […]

WFYI investing $20.1 million in new location

Metropolitan Indianapolis Public Broadcasting Inc. said this morning it will move its WFYI Teleplex into the former Indiana Energy headquarters building at 1630 N. Meridian St. The not-for-profit broadcaster is buying the building for $8.5 million and plans to spend another $11.6 million renovating the first two floors and equipping its radio and television stations. […]

Lawrenceburg bottling plant sold, saved from closure

Pernod Ricard USA has agreed to sell its Lawrenceburg distillery and bottling plant to CL Financial Group for an undisclosed amount. Early last year, Pernod said the 150-year-old distillery would close in phases over two years to cut unneeded capacity, putting about 400 workers out of jobs. The plant is Pernod’s largest facility in the […]

WFYI, a new tower approved, calls news conference

Metropolitan Indianapolis Public Broadcasting Inc. has called a news conference this morning to make an announcement. The city this week approved a variance for WFYI Teleplex to build a 150-foot tower near 1630 N. Meridian St. IBJ reported in December that the board of the public broadcasting affiliate voted to authorize buying the building in […]

UPDATE: Simon raised bid to cement Mills acquisition

A $1.64 billion offer from Simon Property Group and a partner for Mills Corp. has been accepted, the Chevy Chase, Md.-based shopping center developer said today. The offer was about 5 percent higher than the $24 per share Indianapolis-based Simon and Farallon Capital Management of San Francisco extended in an unsolicited bid Feb. 23. Mills […]

BREAKING: Mills accepts Simon buyout offer

An offer from Indianapolis-based Simon Property Group and a partner for Mills Corp. has been accepted by the Chevy Chase, Md., shopping center developer. Mills said today that accepting the $1.64 billion means it has ended its previous merger agreement with Toronto-based Brookfield Asset Management Inc. Simon partnered with Farallon Capital Management of San Francisco […]

Firefighters battle large blaze at Shelbyville factory

Firefighters are battling a fire at Knauf Insulation in Shelbyville that has been burning since early this morning, according to our newsgathering partner WISH-TV Channel 8.   Knauf, founded in 1978, began a $200 million renovation of the plant in 2005. It makes thermal and acoustical fiberglass insulation for residential, commercial and industrial building applications. […]

Mid-State Chemical now MS Fluid Technologies.

Mid-State Chemical Supply Corp. has changed its name to MS Fluid Technologies. The Indianapolis supplier of fluids to the manufacturing industry changed its name because it now operates beyond the Midwest in Mexico, Canada, India and Europe. It is still owned by CEO Paul Bosler Jr. and his three brothers.

Elkhart raids economic development standout

The Economic Development Corp. of Elkhart County has persuaded long-time Whitley County development leader Dorinda Heiden to become its new president. The Elkhart organization approached her because she has close ties to the area of north-central Indiana and has built a strong track record in Whitley County. Heiden attracted $1 billion of investment to the […]

Crown Hill hearing delayed

A hearing on a proposal for a retail and residential development in Crown Hill Cemetery has been delayed again—to March 21—this time at the request of developer Mann Properties LLC. The Indianapolis Metropolitan Development Commission had originally set a January meeting to consider a request to rezone 70 acres for three distinct residential subdivisions and a retail […]