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Commentary: Indiana State Fair is on a roll

Riding a stretch of near-perfect weather, this year’s Indiana State Fair seems destined to break attendance records. I was there for a few hours one day, and I can see why it still is a big draw: The fair is alive with what’s great about Indiana tradition. And, relatively speaking, it’s a cheap form of entertainment. Eight bucks for admission seems more than reasonable in these days when a movie costs you nearly $10, especially when you realize your $8…

Time-tested market tools say it’s still a bear market INVESTING:

Bull and bear markets are different animals, and they need to be treated differently. Knowing which market you are in is one of the most helpful pieces of information an investor can have. Realizing there are no absolutes in this business, we have to rely on an array of tools and indicators to help us reach a determination. We then have to hope that this “weight of evidence” approach proves as reliable as it has over the last 200 years….

SPORTS: Our new playground is much more than a stadium

Now, I feel like the unlucky one. For the past two years, I’ve been privileged to be part of monthly media tours of Lucas Oil Stadium. I was there as the concrete bowl began to take shape, and as those steel trusses that would frame the retractable roof were put into place. I was there as the brick exterior began to climb, and when the concourses were little more than freshly poured concrete and empty spaces. I was there when…

Eiteljorg takes artifact ownership dispute to court: Quarrels over origins rare but troubling for museums

A New Mexico man claims an artifact in the Eiteljorg Museum of American Indians and Western Art’s collection was stolen from him in 1984 before it was purchased and donated to the Indianapolis museum in 1989. Artifacts dealer Robert Vandenberg says the American Indian war shirt-a long, fringed shirt made of hide-is worth as much as $200,000 and he is asking the Eiteljorg to hand it over. The museum, on the other hand, says Indianapolis businessman Harrison Eiteljorg had clear…

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

Saddling up for a night of work under the stars: Carriage driver encounters romance, drunkenness

When she reported to work at 5 p.m. on a recent evening, Taylor consulted a chart and saw she was assigned to Cheyenne, a 16-year-old mare, and carriage number 29. She backed the spotted horse out of the stall, hitched up the carriage-making sure all straps were tightly fastened-and left the Yellow Rose stables at 13th Street and Capitol Avenue. During the half-hour ride to Monument Circle, she explained the personal challenge that carriage driving posed. It wasn’t how to…

VIEWPOINT: Recruiting: If you lie down with dogs …

The recent episode involving former IU basketball coach Kelvin Sampson underscores how badly broken is our system of recruiting and qualifying top leaders. Reference checks by highly paid professional recruiters failed to turn up the true nature of this leader. Yes, we all were aware of his lack of character at the University of Oklahoma, but were there signs of this lack of character in his past at Montana Tech or Washington State University? One would hope the recruiters went…

Huguenard a billion-dollar broker: Senior vice president at Colliers one of the nation’s top deal-makers

John E. Huguenard is on a roll. He’s got $1 billion in active industrial listings and is on track to top his $700 million deal volume from last year. The low-key super-broker for the local office of commercial real estate powerhouse Colliers Turley Martin Tucker has closed 17 deals worth a total of $250 million already this year. And that’s no fluke: Huguenard, 45, has sold or leased more than 100 million square feet of industrial property in more than…

You-review-it Monday

I spend more time than I expected to this weekend soaking up Gen Con–including a performance of “Video Games Live” with the Indianapolis Symphony Orchestra. More on the concert–and some great family board games I discovered–in this week’s print column….

World-class challenge

From 1979 to 1982, IUPUI inherited three world-class athletic facilities that have since hosted Olympic trials and world-record performances by top-flight amateur and professional athletes. But that inheritance has turned into a financial albatross around the university’s neck. It’s grappling with how to pay for their upkeep and the improvements necessary to keep the facilities-and […]

Schwab jumping to Indy, adding 300 jobs

Charles Schwab & Co. will create as many as 300 jobs by 2013 at its regional client center, the Indiana Economic Development Corp. said this afternoon. The center will be moved from Fishers to a larger location in Woodfield office park in Indianapolis. Schwab has 800 workers at 12115 Visionary Way in Fishers, near Interstate […]

Former investment banker Nisbeth retires

Rick Nisbeth, a prominent investment banker in Indianapolis before leaving the city in 2002, has retired from Citrus Bank in Boca Raton, Fla. Nisbeth, 60, was Citrus chairman, president and CEO. The bank is a subsidiary of CIB Marine Bancshares Inc., which is headquartered in the Milwaukee suburb of Pewaukee. CIB sold Citrus to 1st […]

Local firm boosts USA Gymnastics

Local marketing firm Three-Sixty Group created an unprecedented ad campaign for USA Gymnastics, aimed at capitalizing on this month’s Olympics. The campaign debuts today with an eight-page insert in USA Today. USA Gymnastics…

Indianapolis Star to lay off 23 workers

Twenty-three Indianapolis Star employees will be laid off as part of attempts by the newspaper’s parent, Gannett Co. Inc., to cut costs. President and Publisher Michael Kane told employees in a memo this morning that details about the layoffs would be forthcoming next week. The downsizing was necessary to counter a revenue decline that shows […]

Indiana job losses ranked high in July

Only Florida and Georgia lost more jobs than Indiana last month, the U.S. Department of Labor said today. Indiana saw a decline of 16,500 positions, with Florida losing 21,400 and Georgia, 18,900. The 0.6-percent loss for Indiana was 2nd worst; Alaska lost a slightly greater proportion of its jobs. Also in July, Indiana’s unemployment rate […]

Hill-Rom lays off 160 in streamlining

Hill-Rom Holdings Inc., the giant hospital equipment maker, said today it has laid off 160 workers across its global operations, including about 50 at its headquarters in Batesville. The layoff amounts to fewer than 3 percent of Hill-Rom’s work force. Most were managers. The Batesville office attracts many workers from Indianapolis and Cincinnati, said spokeswoman […]

New rendering: Zing

Here’s the overall vision for the new Zing restaurant at 543 Indiana Ave. By the way, I’m told the galvanized steel has to cure for one year before they paint it black. The restaurant should open in a couple weeks….

Theismann calls LOS NFL’s finest

Joe Theismann has been inside every single National Football League stadium. The former quarterback and TV announcer said yesterday that the new Lucas Oil Stadium is a one-of-a-kind.

“I’m not saying it’s one of the best…

Is college for everyone?

Parents and teachers for more than a generation have steered students toward college and white-collar work,
and few states need the graduates more than Indiana, which has one of the lowest levels of college attainment
in the country.

Lost in the…

CTI Group swings to loss

Indianapolis-based CTI Group Holdings Inc. reported $533,412 in red ink in the second quarter after turning a $48,957 profit a year earlier. The company, which focuses on software for enterprise networks and telecommunication services providers, attributed the loss to ongoing costs to enforce its patents. CTI stock, which closed yesterday at 34 cents per share, […]