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Holding serve: Racquet Club rallies through tennis slump

June 27, 2005

Born during boom times and volleyed through the bad, the Indianapolis Racquet Club, though a little leaner than in the 1980s, has survived four decades while many of its competitors have double-faulted. IRC officials said they’ve survived tennis industry tumult by adding instructors and programs, expanding the pro shop to become one of the biggest in the Midwest, and staying focused on the club’s core business. “It’s simple, really,” said Ed Brune, who has been general manager and tennis director…

Precedent plans spec office: Building signals improvement in north-suburban market

June 20, 2005

The Precedent Cos. is preparing to build a 100,000-square-foot office building in its namesake office park near 96th Street and Keystone Avenue, several local real estate experts said, further evidence of the north-suburban market’s recovery. The building would mark the first new speculative office construction in the park since the mid-1990s, just before Indianapolis-based Precedent sold the park’s 19 buildings with 1.1 million square feet of office space to Philadelphia-based Berwind Property Group Inc. in 1998. That sale didn’t include…

VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its grasp

June 13, 2005

Unlike some other Hoosier economic initiatives, much of the required infrastructure to rapidly advance TDL into significant growth is already in place. More Interstate highways cross the state An economic development analyst determining the physical advantages of Indiana might initially be challenged. Indiana has no oceans. No mountains. No temperate climate. But the Hoosier state does possess one singular unmatched physical plus: It is the state geographically closest to the bulk of most U.S. major markets. For more than a…

Cable operator to battle Ma Bell for downtown customers: Bright House to roll out telephone biz late this year

June 13, 2005

Bright House Networks plans a fourthquarter launch of residential phone service via its cable television system, bringing new competition to entrenched SBC Communications and to local exchange resellers in the heart of the city. That area includes the downtown business district, where Bright House already provides cable TV and high-speed Internet. Phone service tailored for commercial use “is probably a year out,” said Doug Murray, general manager of voice services in Indianapolis for the St. Petersburg-based company. Such a product…

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

June 13, 2005

Sometimes they do it for economic reasons. Or perhaps they don’t want their children to be raised by baby sitters. Whatever the case, some couples find it makes more sense for the dad to be a stay-at-home parent. And sometimes-as with the couples in this story-that decision has helped enable the moms’ careers to soar. Debra Minott, director of the Indiana Personnel Department, was working for Eli Lilly and Co. in San Diego when she had her second child in…

IU embraces RFID education: Radio frequency identification an essential part of supply management studies

June 13, 2005

Trucks and trains have been absent from the curriculums of most kindergarten classes for years. But at Indiana University in Bloomington, the toys are proving to be a valuable teaching tool. The Supply Chain Management Academy at IU’s Kelley School of Business employs the playthings to show students how radio frequency identification works. Known as RFID, the technology is expected to replace the familiar bar code. It consists of a tag imbedded with silicon chips that carry up to 96…

Departure could cost Standard millions: Former top executive seeks severance package worth about $3.8 mllion

June 13, 2005

Standard Management Corp. may have to add more than $10 million to the cost of completing its shift to health care services from financial services if a former top executive prevails with his severance claim. P.B. “Pete” Pheffer, the holding company’s former president and chief financial officer, became the latest top executive to leave Standard Management with a severance dispute when he resigned May 31. He claims his contract calls for a severance package worth roughly $3.8 million. On top…

BEHIND THE NEWS: Chicago Express bidder in several court tangles

June 6, 2005

I n d i a n a p o l i s real estate executive Edward Okun had a low profile in business circles here before he splashed into the news two months ago as the winning bidder for ATA Holdings Corp.’s Chicago Express Airlines. Two weeks later, however, he yanked his offer, valued at $3 million to $4 million. The reversal added to the air of mystery surrounding Okun, a 54-year-old Carmel resident. A closer look at Okun, president…

NOTIONS: Lessons on life, love and work from a sister CEO

June 6, 2005

The crowd gathered early for the IPL 500 Festival Parade. Moms and dads, grandparents and kids, neighbors and friends came by the thousands to hear the oompah-pah of the bands, see Hollywood stars and cheer the 33 drivers competing in the next day’s Indianapolis 500. Walking through the throng, I spied the street preachers. Each had staked out a strategic spot, capitalizing on the closed avenues to stand mid-intersection and deliver The Word. One preacher waved a sign warning happy…

Tech fund set for overhaul: State shifts focus to commercial results; founders fear changes to peer-review process

May 30, 2005

Indiana’s showcase program for new technology development is about to be redesigned. Version 2.0 of the 21st Century Research and Technology Fund will direct more money to entrepreneurs. It will concentrate on projects whose commercial prospects are clear. And as it distributes $75 million of taxpayers’ money over the next two years, it will expect a return on its investments. “The goal is, if a company does well, to get a return for the state,” said Michael S. Maurer, president…

Mansion tenant’s HQ networks with history: Levey building’s interior design mixes new with the old

May 23, 2005

At the Louis Levey Mansion on North Meridian Street, the blending of past, present and future greets visitors as they walk through the heavy arched doors of Networks Financial Institute’s headquarters. In the entry hallway, a receptionist with all the latest technology on her desk sits under a Victorian-era stained-glass skylight. Around her, contemporary art hangs next to elaborately carved wood molding on the walls. Futuristic glass-and-chrome lighting fixtures hang from the ceilings, one of which has an original painted…

Digital TV for the masses: Thomson venture to roll out alternative to HDTV sets at prices ‘Middle America’ should love

May 23, 2005

People with cars-up-on-blocks in their front yards could afford to buy this digital television. TCL-Thomson Electronics Corp., the Thomson joint venture known as TTE, plans to launch ultra-inexpensive “SDTV” digital sets this fall to aggressively court what some say is an ignored segment of the consumer electronics market. If Bharath Rajagopalan and his colleagues are correct, TTE could get an edge on competitors who’ve been too drunk on profit margins from big, $5,000 plasma screen sets to worry about digital…

VOICES FROM THE INDUSTRY: Vibrant city can be built without oceans, mountains

May 23, 2005

In late April and early May, two things happened. The Legislature adjourned on time and Forbes magazine released its seventh annual list of the best (and worst) metro areas to develop businesses and careers. Forbes based its ranking on business costs, living costs, education levels of the work force, qualityof-life issues as well as job and income growth and migration patterns. Indianapolis ranked 33rd out of 150 of the country’s largest metro areas, and there’s some good news in that…

Foyt’s tough transition: Legendary driver struggles as racing owner

May 23, 2005

Foyt with a wrench. It’s an iconic image dating back to the 1960s, when the brash, hott e m p e r e d racer started forging his image as one of the world’s best drivers. A wrench gripped by Foyt’s rugged hands is still the image that best characterizes the legendary Texan. But in an era of high-tech diagnostics and sponsor-driven economics, it’s no longer a winning image. “There are certain athletes, racing drivers and personalities that have unusual…

Helping seniors get online: Teen-founded organization teaches computer literacy

May 9, 2005

Philip Ealy became quite deft at pounding the keys of his manual typewriter while processing orders during a career in the construction industry. But when his son gave him a laptop, the gap in technology was too great to overcome. So the 88-year-old resident of Manor Care at Summertrace in Carmel enrolled in a computer class at the independent living facility offered by an upstart not-for-profit known as Senior Connects. The thrust of Senior Connects’ mission-to promote computer literacy among…

Broadband gets power boost in Indiana: Utilities begin offering Internet access through electrical lines in rural areas

May 9, 2005

Electric utilities serving the state’s rural areas are warming to the prospect of delivering high-speed Internet over household power lines, as several are in various stages of exploring the technology. Offering broadband over power lines to rural areas is becoming a new front in the competition between cable, telephone and, now, electric companies. Power providers in Boone and Monroe counties, and Cincinnati-based Cinergy Corp., are testing the equipment, although Cinergy is not offering the service to Indiana customers yet. More…

Twilight fund fades away: Meanwhile, six BioCrossroads-backed VCs are just getting started

May 9, 2005

Its specialty is developing local life sciences startups. But its partners can’t raise any more money. So the sun is setting on Twilight Venture Partners. Meanwhile, the six venture capital firms BioCrossroads staked with its $73 million Indiana Future Fund have just three local investments to show among them. Venture investments take time, the six IFF recipients argue. And their first duty is to earn the high rate of return the IFF’s organizers demand. That means significant proof of concept…

Ex-Meridian CEO takes top talent to new firm: AHM Graves, Carmen fold into Resource

May 9, 2005

The sudden departure of Samuel F. Smith II from locally based Meridian Real Estate is proving to have a ripple effect in the local brokerage community. Smith’s new firm, Resource Commercial Real Estate, is up to six principals and 12 full-time brokers weeks after its official launch, and partners hint there may be more to come. Two small firms, Carmel-based AHM Graves Commercial Real Estate Services and Carmen Commercial Real Estate Services, have merged with Resource. The new company is…

New CEO’s ‘crash diet’ tones up ailing bank: After cutting its expenses, Old National plans to grow in central Indiana markets

May 2, 2005

Now it’s time for Old National to block and tackle. “Bob Jones has set forth a plan that makes good, sound fundamental sense. Now it becomes about execution,” said Joe Stieven, equity analyst with St. Louis-based Stifel Nicolaus & Co. Inc. “Execution in banking is actually no different than in football. Your line has to do a lot of the work, and a lot of that work appears mundane and boring.” Formerly the CEO of Cleveland-based KeyCorp’s McDonald Investments Inc.,…

New Symphony Bancorp raises $15 million: Nearly 200 investors stake quality-service-oriented de novo bank on Marion-Hamilton county line

May 2, 2005

Flush with $15 million, Symphony Bank is nearly ready to take the stage. A group of nearly 200 investors contributed the money necessary to underwrite the new bank, which will be at 3737 E. 96th St., just south of the border between Hamilton and Marion counties. Symphony Bancorp President and CEO Steve Tolen said dedication to customer service will differentiate his de novo bank from its stiff competition. “When we looked at the marketplace, we felt while we may be…

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People

Kurt Beier

Articles

Holding serve: Racquet Club rallies through tennis slump

Precedent plans spec office: Building signals improvement in north-suburban market

VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its grasp

Cable operator to battle Ma Bell for downtown customers: Bright House to roll out telephone biz late this year

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

IU embraces RFID education: Radio frequency identification an essential part of supply management studies

Departure could cost Standard millions: Former top executive seeks severance package worth about $3.8 mllion

BEHIND THE NEWS: Chicago Express bidder in several court tangles

NOTIONS: Lessons on life, love and work from a sister CEO

Tech fund set for overhaul: State shifts focus to commercial results; founders fear changes to peer-review process

Mansion tenant’s HQ networks with history: Levey building’s interior design mixes new with the old

Digital TV for the masses: Thomson venture to roll out alternative to HDTV sets at prices ‘Middle America’ should love

VOICES FROM THE INDUSTRY: Vibrant city can be built without oceans, mountains

Foyt’s tough transition: Legendary driver struggles as racing owner

Helping seniors get online: Teen-founded organization teaches computer literacy

Broadband gets power boost in Indiana: Utilities begin offering Internet access through electrical lines in rural areas

Twilight fund fades away: Meanwhile, six BioCrossroads-backed VCs are just getting started

Ex-Meridian CEO takes top talent to new firm: AHM Graves, Carmen fold into Resource

New CEO’s ‘crash diet’ tones up ailing bank: After cutting its expenses, Old National plans to grow in central Indiana markets

New Symphony Bancorp raises $15 million: Nearly 200 investors stake quality-service-oriented de novo bank on Marion-Hamilton county line