Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its
rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
That’s when new tax benefits kick in for an unusual kind of long-term-care insurance, called asset-based longterm care. The Indianapolisbased life insurer is betting those tax breaks send a wave of money flooding toward asset-based long-term-care policies, which one of its subsidiaries has sold for nearly 20 years. With people living longer and the 70 million baby boomers aging, the need to pay for long-term care, such as in-home elder care and assisted-living facilities, is sure to rise. “We see…
Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]
Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]
Locally based Duke Realty Corp. is leaving the retail real estate business to focus on its bread-and-butter industrial, office and health care developments. The move will eliminate about six jobs, said company spokesman Joel Reuter. The company’s retail properties represent only about 1.5 percent of its nationwide portfolio, but it has worked on some high-profile […]
HAMILTON COUNTY Software sales company plans growth streak in Carmel Carmel-based Sales Diesel LLC plans to add at least 50 employees and expand into much larger offices before the end of the year. Founded only a year ago, the company provides sales analysis, lead generation and sales processes for companies that sell software and technology […]
The marketing material for the Sedona Woods community in Fishers boasts that once word gets out, home lots are sure to sell out quickly. In hindsight, the statement couldn’t have been further off the mark. Roughly four years later, the subdivision that ultimately was to contain hundreds of homes built by Davis Homes LLC remains unfinished. And now, after the local builder ceased operations in late July, completion could take even longer. Sedona Woods at Promise Road and 136th Street…
Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….
The marketing material for the Sedona Woods community in Fishers boasts that once word gets out, home lots are sure to sell out quickly. In hindsight, the statement couldn’t have been further off the mark. Roughly four years later, the subdivision that ultimately was to contain hundreds of homes built by Davis Homes LLC remains unfinished. And now, after the local builder ceased operations in late July, completion could take even longer. Sedona Woods at Promise Road and 136th Street…
Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….
Indy is becoming a hotbed for chain stir-fry restaurants. A popular player, Flat Top Grill, has signed a letter of intent with developer Kite Realty Group Trust to open a new…
Carmel-based KAR Holdings Inc., which owns the Adesa Inc. auto auction and Insurance Auto Auctions Inc., reported late yesterday that second-quarter profit increased nearly 35 percent to $6.2 million from the second quarter last year. KAR, which didn’t elaborate on the performance, had no operations until its acquisition of Adesa closed on April 20 in 2007. […]
Conseco Inc. recorded a massive second quarter loss because of a $500 million accounting charge from a proposed spin-off of its long-term care business. Absent that special charge, the Carmel-based insurer would have swung to a profit compared with a loss in the same quarter a year earlier. For the three months ended June 30, […]
Stock in Conseco Inc. moved up more than 8 percent today after the Carmel-based insurer announced that it would take a $1.2 billion hit to split off its troubled long-term care business as an independent entity owned by policyholders. The shares traded near $8.32 per share. Conseco Senior Health Insurance Co. will be transferred to […]
Indiana might be in line for a lot more than the $20 million minimum each state will be allocated as part of the housing stimulus initiative signed by President Bush on July 31, according to a new IUPUI study. The Center for Urban Policy and the Environment estimates Indiana could receive $80 million to $100 […]
Conseco Inc. will take a $1.2 billion hit to split off its troubled long-term care business as an independent entity owned by policyholders. The Carmel-based insurance company announced plans this morning to transfer Conseco Senior Health Insurance Co. to an independent trust based in Pennsylvania. The deal, which requires approval by Pennsylvania insurance regulators, is […]
Let’s get burritogate out of the way and proceed to more substantive, if less spicy, matters. Yes, a guy who works for the Canadian National Railroad paid for a burrito and a beer that I consumed. He did not know then that I wrote this column and hence commanded a vast, influential audience. I did not know then that he had a project to represent. But CN (as the rail line is called) has a most significant project going. It…
One of the nation’s largest inventory financing companies for independent car dealers, Dealer Services Corp., will move a mile up the road to larger headquarters in Carmel. Dealer Services will occupy 26,000 square feet in City Center at Penn Office Plaza. The company said it has outgrown its 13,000-square-foot headquarters at Two Penn Mark Plaza, […]
A brief rain shower moves across the Front Range onto Colorado Springs. The clouds change their patterns rapidly above Pikes Peak and I sip my coffee at a Starbucks that is unlikely to close. Here, not far from the U.S. Air Force Academy, a brief drive from the U.S Olympic Training Center, the volume of cash passing hourly is heavy enough to ensure that the cappuccino soy latte and the mint mocha frappuccino will continue to be drawn for months,…
Marion County economic development officials are proud of their latest headquarters attraction. Bowen Engineering Corp.
will inject 103 high-paying jobs into the Indianapolis economy immediately. And over time, the company expects
to add another 138. Their average salaries will top $70,000. The deal didn’t require Mayor Greg Ballard
to travel to Japan, or even to another state. Bowen Engineering is moving all of 8.4 miles, from its former
home in Fishers to the 8800 block of North Meridian Street.
