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Amli selling-off its local apartments: Sale to Morgan Stanley prompts real estate firm to unload 6 multimillion-dollar complexes

One of the biggest owners of Indianapolis apartment complexes will soon be all but erased from the landscape, as Chicago-based Amli Residential Properties LP prepares to sell six of its seven properties. Two of the complexes, Amli at Lake Clearwater and Amli at Castle Creek, have already traded hands. Louisville-based NTS Realty Holdings LP in late March purchased both properties for $50 million, a slight discount from Amli’s asking price. Amli at Old Town Carmel, a mixed-use project that includes…

Event planner builds business on big-city experience: Award-winning firm grows into all-around performer

Indianapolis might not be as glamorous as Los Angeles or New York City, but Midwestern life seems to be suiting Gene Huddleson just fine. Nearly 10 years after returning to his Hoosier roots, the event planner has found a niche within the industry that builds upon his past travels. He and his colleagues at Detail + Design, in the Stutz II building across the street from the original Stutz building, accompany corporate clients who may be hosting activities throughout the…

NOTIONS: A lesson in contemporary communication: Trust me?

I spent March 24 at Ball State University, sitting in a small conference room with some grand poobahs of public relations. A few Hoosier colleagues and I were matched with these industry mavens to discuss the rise of a phenomenon known as “citizen journalism,” “participatory communication,” “peer-to-peer (or p2p) communication,” and other, occasionally less-flattering, terms. Whatever the moniker, the notion is this: With the proliferation of digital media and the Internet, every Dawn, Dick and Mary can create and disseminate…

IMG faces licensing woes in Sunshine State: Florida regulator denies application over policy sales; Indianapolis firm blames paperwork snafu

Indianapolis-based International Medical Group Inc. has incurred the wrath of Florida regulators who accuse it of trying to sell policies in their state without a license. However, an IMG representative says the allegations stem from paperwork problems and the lobbying of a disgruntled excustomer turned “cyber stalker.” Founded in 1990 with four employees, IMG now employs 220 in offices in Indianapolis and Great Britain. The company administers insurance policies for U.S. citizens living or traveling overseas. It also provides coverage…

READY TO EXPLODE: State’s new fireworks law has retailers predicting their sales will skyrocket

READY TO State’s new fireworks law has retailers predicting their sales will skyrocket Indiana’s fireworks industry officials say their business is about to explode faster than a gas-soaked cherry bomb, thanks to a new law that makes it legal to ignite bottle rockets and Roman candles in back yards. And best of all for retailers, the law makes it almost impossible for new competition to get a piece of the action. “I’m going to sell more stuff,” said Elizabeth Howard,…

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

Indiana Avenue looks for revival Cultural plan stresses retail, residential growth, and a possible extension Indiana Avenue’s glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize the city’s newest cultural district could restore some of the luster. City leaders completed the blueprint for redevelopment early this year and now are in the early stages of executing a plan that organizers say could take 20 years to play…

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

Which of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University president to take over at the NCAA in January 2003, the association’s annual revenue has grown from $433.2 million to $521.1 million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003 sports season. Under Brand’s watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct…

BULLS & BEARS: Studying psychology can help investors earn money

In 1843, Charles MacKay wrote an investment book that even today remains a good-seller. It’s titled, “Extraordinary Popular Delusions and the Madness of Crowds.” In it, he argues the crowd is always wrong and that its irrational and manic mentality pushes prices to extremes. Throughout history, we all have witnessed many examples of this irrationality. The Holland tulip-bulb mania of the 1600s, various stock market crashes, and the willingness of kids to drain their piggy banks and frantically buy Pokemon…

For the Dogs Inc.: Day care center goes to the dogs After years of wishful thinking, owners let themselves off the leash

After years of wishful thinking, owners let themselves off the leash Barking is music to the ears of Kristel Baker and Harvey Markley. On any given day, dozens of canines are howling away at For The Dogs, their 3-year-old doggy day care center. And they’re set for growth, with plans to open a second location sometime in the next year. Baker, 40, got the idea for 24-hour canine care after viewing a segment on TV’s “Good Morning, America” about a…

ABDUL-HAKIM SHABAZZ Commentary: Mayor: Look elsewhere for Indy Works votes

As another legislative session fades into memories and lawmakers go back to their districts to explain their votes, it’s a good time to offer some advice to Indianapolis Mayor Bart Peterson. I have always liked Hizzoner and we have had good interaction. I think it’s safe to say we both agree on consolidating government, but we may disagree on method. I come from the school of thought that says, “Destroy your opponents and parade their heads on spears in the…

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

A team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools…

Colossal hotel pitched: $250M project features water park, 1,350 rooms

A development team this week plans to submit a proposal to the city to build a $250 million, 1,350-room hotel complex downtown on a site where a 235-room Courtyard by Marriott now stands. The project, just south of the entrance to White River State Park, would include a convention hotel with ballrooms; three smaller, more limited-service hotels; an indoor water park; and a 1,200-space underground parking garage. At 800 rooms, the convention hotel by itself would rank as the city’s…

Indiana Sports Corp. expands youth initiative: John Byers hired from Tabernacle Presbyterian to lead effort to address health issues of city’s children

After more than 20 years heading up one of the biggest youth sports programs in Indianapolis, John Byers is leaving Tabernacle Presbyterian Church to help Indiana Sports Corp. play a bigger role in improving the health of Hoosier children. Byers will become ISC’s vice president for youth programming, a new executivelevel position at the not-for-profit, on April 10. “The Indiana Sports Corp. made a decision to look at youth wellness in our city and in our state,” said Susan Williams,…

CHRIS KATTERJOHN Commentary: Newspapers’ eulogies premature

With the proliferation of news sites on the Internet, much has been made of the pending death of newspapers. As the so-called new media attract bigger and bigger audiences, especially among young adults, newspapers are being characterized as the “emblem of the old media” and “an industry on the defensive.” Not so fast. As we consider the demise of newspapers, it would be wise to do a reality check on current trends and perhaps revisit the ideas that made newspapers…

Indiana Avenue looks for revival: Madame Walker Theatre: casts stage veteran to reinvigorate theater

Madame Walker Theatre casts stage veteran to reinvigorate theater Claude McNeal stands atop the stage of the Madame Walker Theatre, looks up at the result of a well-meaning 1980s renovation, and declares it a disaster. Sealing off the top of the stage area to outfit the nearly 80-year-old building with an air-conditioning unit is mostly responsible for the 1,000-seat theater’s inability to attract national touring shows, McNeal opines. Without the open area above, known as fly space, theatrical productions can’t…

National City Center to get $11 million facelift: Projects include new Starbucks and restaurant

National City Center and anchor tenant Hyatt Regency Indianapolis plan to pump more than $11 million into the aging, 16-story building to boost its competitiveness with other downtown towers. The plans might grow to include connecting the building to the Artsgarden at the corner of Washington and Illinois streets. The Hyatt Regency, which occupies a wing of the National City Center, plans an $8.5 million renovation that will include the addition of 10,000 square feet of meeting space, a Starbucks…

PROFILE: AL ALDRIDGE: The long road from bovines to broadcasting

PROFILE AL ALDRIDGE The long road from bovines to broadcasting For Al Aldridge, local public affairs director for New York-based Bright House Networks, broadcasting has been his life-long passion. Aldridge, 62, joined the former Time Warner Cable in 1986 after serving 24 years in the Air Force in various roles throughout the world, from disk jockey to television newscaster and weatherman for the Armed Forces Radio and Television Service. It was his last stint as superintendent of broadcast instruction at…

Shrinking neighborhood in path of Lilly’s progress: Drugmaker offers to buy rest of Little Valley homes

It’s called Lilly Valley for a reason. The official name of the modest neighborhood on the near-southwest side is Little Valley, but many people call it by the name of the pharmaceutical giant looming nearby. Eli Lilly and Co. has been gnawing away at the neighborhood south of Morris Street for several years to accommodate expansion at Lilly Technology Center just to the west along Kentucky Avenue. Now, Lilly is seeking city approval to take over more of the neighborhood,…

INVESTING: Housing slowdown puts some homeowners in peril

You want to build your house on a strong foundation. It worked for the third little pig that resisted all the efforts of the big bad wolf. It’s also going to work for savvy consumers who avoid too much debt and build decent equity in their homes. For everyone else, though, the foundation might feel as if it is shaking a bit. A slew of recent data on the housing industry seems to confirm what the housing stocks have been…

VIEWPOINT: ‘Eating our young’ as a way of mentoring?

I recently came across an insightful publication by the Center for the Development of Peace and Well-Being at the University of California, Berkley, called Greater Good. One article especially caught my attention: “Inspiring Good Work” (spring-summer 2005 issue) by researchers Wendy Fischman and Howard Garner, of Harvard University’s GoodWork Project. As highlighted in the article, the GoodWork Project’s research, under way for the past decade, has revealed that young people leaving college and embarking on their professional careers are finding…