CNO Financial casts out former Conseco demons
It was an exorcism of CNO’s legacy Conseco business recently that’s really put the proverbial color back in the faces of management and investors.
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Residential
The average rate for 30-year mortgages rose from 4.46 percent to 4.51 percent in the week ended March 27, according to Bankrate.com. The rate for 15-year mortgages rose from 3.48 percent to 3.56 percent.
Construction
-Capitol Construction has completed a 7,400-square-foot office build-out for SmithAmundsen at 201 N. Illinois St.
-Capitol Construction has completed an 1,800-square-foot remodel for Starbucks at 9001 E. 116th St., Fishers.
Sales/acquisitions
-The NIAMA Corp. bought a 27,292-square-foot warehouse at 6125 E. 38th St. The seller, Central Indiana District Council of Carpenters Joint Apprenticeship & Training Fund Trust and IN/KY/OH Regional Council of Carpenters JATF, were represented by Mark Writt of CBRE. The buyer represented itself.
-Hawthorne Partners LLC bought approximately 1.25 acres of land and a building at 8350 E. 48th St. The buyer was represented by Rob Kirkpatrick. The seller, Donna Forman, was represented by Keith Kleinmaier of Retail Realty.
-Monro Muffler Brake Inc. bought a 15,050-square-foot retail property at 130 Shiloh Crossing Drive, Avon. The seller, Goodwill Industries of Central Indiana, was represented by Bill French of Cassidy Turley. The buyer represented itself.
-Diversified Land Acquisition LLC bought a 27,129-square-foot retail property at 2342 W. 86th St. The seller, Arnold's Landholdings LLC, was represented by Bill French of Cassidy Turley. The buyer represented itself.
Buckingham rethinking plans for prime Zionsville site
Buckingham Cos. says it is still weighing options for a key property it controls in downtown Zionsville, but two nearby landowners are trying to sell their parcels after talks with the developer broke down.
DINING: Is Fogo too expensive for you? Meet—or meat—Tucanos
Your feelings toward Tucanos Brazilian Grill in Noblesville are likely to be influenced strongly by whether you’ve dined at Fogo de Chao in downtown Indy.
Kim: How Amazon bullied its way into retail domination
In a 2013 cover story, Fortune magazine described Amazon as a “brass-knuckled battler for every penny of competitive advantage.” As state treasurers can attest, that portrayal is both well-deserved and important to understanding the rise of Amazon.
Hicks: Medical firms are largest perpetrators of fraud
Medicaid and Medicare fraud is where the real money lies, costing taxpayers some $100 billion a year, or 10 percent of total costs. This is many times more than the highest estimate of fraud in all other assistance programs combined. Nearly all of this fraud is perpetrated by health care providers.
LOU’S VIEWS: The Cabaret at 5
I’m not usually big on anniversary stories, but the fact that the Cabaret’s creative gamble paid off—and that its first half-decade has brought so much pleasure—warrants a birthday shout out.
PROXY CORNER: Eli Lilly and Co.
Indianapolis-based Eli Lilly and Co. discovers, develops, manufactures and sells pharmaceutical products for humans and animals. The company reported 2013 net income of $4.7 billion, or $4.32 per diluted share, on revenue of $23.1 billion.
CEO of Simon spinoff to run company from D.C. perch
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
Ed Martin competition feared by other dealers
I was interested to see the [March 17] article concerning the Toyota dealerships’ “turf altercations” shall we call them.
Support for Irsay has its limitations
Anyone who has a problem with drug or alcohol addiction has my empathy and support—right up until they endanger my life or the lives of others by choosing to get behind the wheel of a vehicle [March 24 Morris column].
LEARNER: Vehicle-miles tax would roll Hoosiers
Indianapolis is striving to become an electric-vehicles center. Gas tax revenue is declining, though, as people drive less and as more fuel-efficient new cars require filling up less at the pump. That saves people money, reduces pollution and lessens America’s imports of foreign oil.
U.S. student-loan debt adds to growing wealth gap
Roughly 37 million people in the U.S. are saddled with $1 trillion in student debt, a factor contributing to the widening of the gap between rich and everyone else in the country.
RUSTHOVEN: Why Pence is winning at the Legislature
The Indianapolis Star is developing a pattern in covering Gov. Mike Pence and his dealings with the Legislature.
EDITORIAL: Keep attentive eye on Cummins
Last week’s announcement that Cummins would build a headquarters for its global distribution division in downtown Indianapolis was deservedly welcomed for its potential to house as many as 400 well-paid workers and add an “architecturally significant” building to a reserved skyline.