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New tourism ads paying off for city: Ten-second promotions attracting more visitors

November 12, 2007

When Indianapolis promoters were deciding what to do to lure leisure travelers to the city over summer break, they decided being short and to the point was the way to go. So, the Indianapolis Convention and Visitors Association partnered with eight area attractions to produce extremely brief television and radio travel commercials. The resulting ad campaign was wellfunded-with a budget $240,000 more than the previous year-and produced stellar results, including more awareness of Indianapolis attractions, more nights spent in Indianapolis,…

Glut of local golf courses puts squeeze on owners: Demand has never quite met expectations

November 12, 2007

Tiger Woods, the world’s No. 1 golfer, has been great for the sport. But he has not helped attract enough players to the game here and across the country to keep pace with the numbers who are stepping away because of age. That means many local golf course owners are closing the books on another tough season. Some area owners have seen the number of rounds played decline 40 percent since 2000. Golf course values here, meanwhile, have slid about…

L.A. Fitness to locate on 146th Street

November 8, 2007

Carmel‘s first L.A. Fitness club plans to open in a 45,000-square-foot freestanding building to be built at 2700 E. 146th St. in Carmel, according to the landlord, Terre Haute-based Thompson Thrift. The building, which is leased to L.A. Fitness for 15 years, will be located in Cool Creek Village, a 79,800-square-foot mixed-use development. The Carrollton, […]

Audiovox buys Technuity for $20.5M

November 8, 2007

Indianapolis-based Technuity Inc. has been acquired by Audiovox Corp. of Hauppauge, N.Y., for $16.5 million, plus repayment of $4 million in debt. The deal closed Nov. 1, Audiovox announced today. Technuity is the exclusive North American licensee of Energizer Power Protection products and Energizer rechargeable batteries and accessories. About 30 people are employed at its […]

Delta Faucet slashes 30 jobs at Carmel office

November 7, 2007

Delta Faucet Co. will eliminate about 30 jobs at its headquarters in Carmel, the company said in a statement. Many of the positions were vacant. Delta, a unit of Michigan-based Masco Corp., said the move was needed to respond to “challenging economic times, including an unprecedented downturn in the U.S. housing market and softening retailing […]

UPDATE: Haverstick headquarters staying put

November 5, 2007

The headquarters of Haverstick Consulting Inc., the Carmel-based defense-consulting firm acquired by Kratos Defense & Security Solutions Inc. of San Diego, will remain in Indianapolis, a company executive said this afternoon. Haverstick, headed by Conseco founder Steve Hilbert, announced earlier today that it had agreed to be acquired by Kratos for $90 million, including $69 […]

Haverstick to be acquired for $90M

November 5, 2007

Haverstick Consulting Inc., the Carmel defense-consulting firm, is being acquired by Kratos Defense & Security Solutions Inc. of San Diego, Calif., for $90 million. Of the $90 million, $69 million is cash and $21 million is Kratos stock. Kratos’ announcement late this morning did not discuss the future of Haverstick’s employees. Financial backers of Haverstick […]

Shareholders clobber Conseco after report

November 1, 2007

CEO Jim Prieur is accentuating the positive after Conseco Inc.’s latest quarterly loss. But Wall Street investors concentrated on the negative this morning, punishing the Carmel-based company’s shares yet again. “We’ve been through some of the pain and now we’re coming out the other side,” Prieur said in an interview last night. “The gross number doesn’t […]

Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’

October 29, 2007

Melinda and Brooks Bertl know the ups and downs of the current real estate market-personally. They started looking for a home to buy this spring and it took them only two weeks to find one they liked in Carmel. “I guess we knew what we wanted and found it. And the house had been on the market for some time,” said Melinda Bertl, indicating the sellers were ready to make a deal. They bought the house and moved into it….

Credit unions resist conversion temptation: Nationwide, some institutions are opting to become banks to spur growth, but Indiana hasn’t joined the pack

October 29, 2007

None of Indiana’s 210 credit unions has flipped its charter yet, but analysts expect that will change in the coming years. “Credit unions were formed because there weren’t enough convenient banking resources for certain consumers,” said Mike Renninger, principal of Carmelbased Renninger & Associates LLC, a banking consulting firm that specializes in mergers and acquisitions. “Today, it’s a very different mission. There is a tremendous availability of financial services.” Credit unions that convert lose tax advantages that come with mutual…

Clinton’s 401(k) proposal receiving mixed reviews: Experts disagree on whether plan can spur savings

October 29, 2007

Republican presidential candidate Herbert Hoover promised a chicken in every pot and a car in every garage, leading everyone to believe they would be prosperous under his administration. Fast-forward 80 years and a candidate from the other side of the aisle, Sen. Hillary Clinton, D-N.Y., is offering an incentive more fitting for the new millennium: a match on workers’ 401(k) contributions. Time will tell whether Clinton becomes president and ultimately fulfills the pledge, but what prompted it is Americans’ reluctance…

Bank’s plans unclear after LaSalle buy: Bank of America unlikely to grow local retail biz, but lending office should stay, industry observers say

October 29, 2007

But here in Indianapolis, where LaSalle’s lone location is a downtown commercial lending office, banking observers don’t expect Bank of America retail outlets to follow. “I don’t think [Indianapolis] will be a primary focus, at least not in the near term,” said Tom Kersting, an Edward Jones analyst in St. Louis who follows the bank. “Their main purpose in making the purchase was getting the Chicago presence. That was the last major market they were lacking.” Even so, observers say…

Developer lures Whole Foods across street into Venu project

October 29, 2007

The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another
developer had planned to build condos and a Whole Foods Market.

Nothing But Noodles acquired by competitor

October 22, 2007

Nothing But Noodles, a Scottsdale, Ariz., restaurant chain, has been acquired by Noodles & Co. of Aurora, Colo., in a move that affects at least two Indianapolis locations. As a result of the merger, a Nothing But Noodles at 3625 E. 96th Street has been closed because of its close proximity to a Noodles & […]

Westfield on verge of development boom: At least four major projects in works in growing town

October 22, 2007

In the top drawer of an old desk in the basement of Westfield Town Hall, there is a small steno-style notebook filled with fraying, hand-written pages. It’s where town planners kept track of building permits for more than a decade starting in the 1960s. This was a tiny town then, where most people knew all their neighbors and permits were organized by last names. Westfield is a lot different today. New developments are appearing all over the growing town, which…

WellPoint adjusts to executive exodus

October 22, 2007

Fifteen senior executives have left WellPoint Inc. since November 2004, when the giant health insurer formed through Indianapolis-based
Anthem Inc.’s $16.5 billion acquisition of California-based WellPoint Health Networks Inc. The merger made many of them rich,
work at WellPoint was grueling, and personal commitments called. So they moved on.

Carmel claims victory in latest annexation court case:

October 22, 2007

Carmel has another appellate victory on the issue of annexation after an Indiana Court of Appeals ruling on Oct. 17. The state’s second-highest appellate court decided that the city adequately proved it could afford to annex part of a nearby community into its municipal borders, and that a Hamilton County judge erred in auditing a financial plan and ruling in favor of the remonstrators. The unanimous decision in City of Carmel v. Certain Home Place Annexation Territory Landowners, No. 29A04-0510-CV-578,…

Ex-Duke exec, wife tackle senior housing: Horns have nationwide plans for The Stratford Cos.

October 22, 2007

Richard and Wendy Horn have had their share of separate real estate successes. Now, they’ve combined their corporate talents as a husband-and-wife team to lead an upstart senior housing developer. Richard joined The Stratford Cos. in May 2006 as chairman and CEO, and has since moved its headquarters from St. Louis to Indianapolis’ north side in Parkwood Crossing. He is known within commercial real estate circles as a former veteran of Duke Realty Corp., where he enjoyed a two-year stint…

Parkwood West sets pace for north-side office space: Duke project boasts upscale amenities, top-level rent

October 22, 2007

Duke Realty Corp.’s $125 million Parkwood West development well may be the new trendsetter for future office complexes along the burgeoning north-side Meridian Street corridor. One West, a five-story, 186,000-squarefoot Class A office building, is the first of three structures rising from the Parkwood West project at the northwest corner of Meridian and 96th streets. The upscale design as well as the added amenities that include a parking garage-rare in the suburban market-could become the rule instead of the exception….

Indiana Court of Appeals reverses annexation decision:

October 22, 2007

The Indiana Court of Appeals reversed a trial court’s decision in a northern Indiana annexation case, citing a recent ruling on the subject from the Indiana Supreme Court. In the case, In the Matter of the Annexation Proposed by Ordinance No. 2004-11-38, et al. v. Chris Fetcko, et al., 45A03-0611-CV-549, the city of Crown Point appealed the trial court’s order granting the motion for involuntary dismissal filed by Fetcko and other remonstrators to a city ordinance annexing certain land. Crown…

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Search Results

8,769 results for 'Carmel'

People

Kurt Beier

Articles

New tourism ads paying off for city: Ten-second promotions attracting more visitors

Glut of local golf courses puts squeeze on owners: Demand has never quite met expectations

L.A. Fitness to locate on 146th Street

Audiovox buys Technuity for $20.5M

Delta Faucet slashes 30 jobs at Carmel office

UPDATE: Haverstick headquarters staying put

Haverstick to be acquired for $90M

Shareholders clobber Conseco after report

Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’

Credit unions resist conversion temptation: Nationwide, some institutions are opting to become banks to spur growth, but Indiana hasn’t joined the pack

Clinton’s 401(k) proposal receiving mixed reviews: Experts disagree on whether plan can spur savings

Bank’s plans unclear after LaSalle buy: Bank of America unlikely to grow local retail biz, but lending office should stay, industry observers say

Developer lures Whole Foods across street into Venu project

Nothing But Noodles acquired by competitor

Westfield on verge of development boom: At least four major projects in works in growing town

WellPoint adjusts to executive exodus

Carmel claims victory in latest annexation court case:

Ex-Duke exec, wife tackle senior housing: Horns have nationwide plans for The Stratford Cos.

Parkwood West sets pace for north-side office space: Duke project boasts upscale amenities, top-level rent

Indiana Court of Appeals reverses annexation decision: