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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…

BEHIND THE NEWS: Brothers who built ticket broker now battling

May 2, 2005

The Kinnett brothers formed Front Row Tickets Inc. 16 years ago, and together they built it into one of the city’s largest ticket brokerages. That success, how- fueled acrimony. Kyle ever, now has Kinnett, 35, has sued his 50-50 partner Scott, 36, and is asking a judge to appoint a receiver to oversee the business until it’s sold. “Serious differences have arisen between Kyle and Scott concerning the conduct and management of the business,” leaving them deadlocked, according to the…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

April 25, 2005

The development group that invested $16 million to buy Britton Golf Course in Fishers is pressing forward with its plan to convert the property into a retail center that would rival Clay Terrace in Carmel. The purchase earlier this month, following Fishers Town Council approval, represents the first significant real estate project for the group of local investors formed under the Britton Park Development LLC name. Bordering State Road 37 and East 131st Street, the 104-acre golf course is the…

Michigan Road project features upscale shops: Smaller version of CafÃ© Patachou planned for property

April 25, 2005

Developers of a small parcel of property on the northwest side are creating a courtyard of quaint shops that will feature an offshoot of the CafÃ© Patachou boutique restaurant. Daniel Altman and his wife, Colleen, bought the piece of land at the corner of 51st Street and Michigan Road last year and opened the upscale Catalpa Antiques & Objects in the historic home that sits on the property. Once completed, the Catalpa Place development will include five shops within a…

Web demand by the disabled likely to increase: Accessibility rally aims to boost Internet access

April 18, 2005

There are 54 million Americans living with disabilities. Apparently, most U.S. businesses don’t want their e-commerce. Right now, universal Internet accessibility is a distant dream for the blind, deaf, handicapped and otherwise-disabled. According to local assistive-technology provider Attain Inc., less than 10 percent of Web sites are built with their needs in mind. But Attain is hoping to help change that. On June 11, Attain will stage a local “Accessibility Internet Rally” in conjunction with the national event’s original organizers…

BEHIND THE NEWS: Great Lakes board battled for sweet price from suitor Bulriss not talking Legal costs singe ITT

April 18, 2005

Great Lakes Chemical Corp. shareholders have had a lot to feel disappointed about in recent years. But there’s no way they can feel let down over the board’s handling of the company’s $1.5 billion sale to Connecticut-based Crompton Corp. A new regulatory filing shows directors of Indianapolis-based Great Lakes went to extraordinary lengths to extract every penny possible from Crompton before sealing the sale March 8. A blow-by-blow account contained in the filing shows the Great Lakes board first began…

Departure of ATA exec still cloudy: Chief financial officer alleged termination was retaliation

April 18, 2005

When ATA Holdings Corp.’s chief financial officer “left the company” last June, as management ambiguously put it, many suspected the insider saw bankruptcy looming and wanted to bail out before the crash. David M. Wing, 53, may have seen something else that troubled him, suggests ATA’s most recent financial report filed with the Securities and Exchange Commission. “Wing contends that he was terminated in retaliation for exercising his rights and obligations under the Sarbanes-Oxley Act,” states a settlement agreement Wing…

Navigating a painful journey: St. Vincent Pediatric Hospice helps families cope

April 11, 2005

Erin Sammons knew nothing about St. Vincent Pediatric Hospice when she gave birth to her son, Hart, last November. She just knew that Hart had a chromosome disorder, and doctors expected his life to last only minutes or maybe days. The hospice offered help, so she took it. Hart lived for almost a month, and Sammons said the hospice staff walked her family through every step of that journey. “It was a tragedy, and my heart breaks every day ……

Smoking warriors expand battlefield: Health advocates accuse grocers, retailers of misleading public with smoke-free claims

April 11, 2005

Bars and restaurants aren’t the only firms that will soon feel the heat from health advocates pushing laws to ban smoking in public places. Some are broadening their gaze to drugstores and even supermarkets as potential health risks-and they’re naming names of offending businesses. It’s a radical approach in a mildmannered metro area, where few dare to poke fingers in the eyes of the business or political elite. And it’s in stark contrast to groups such as Smoke Free Indy,…

Profit potential drives car dealers to risky end of market: Collecting on high-interest, buy-here-pay-here loans requires adept, relentless managers to succeed Management-intensive

April 11, 2005

A handful of the city’s new-car dealers are cautiously backing into the buy-herepay-here lot, a risky but potentially lucrative used-car business long the bastion of neighborhood lots and chains such as J.D. Byrider Systems. The allure of making in-house loans is interest rates that can top 21 percent and profit margins that can be 10 times higher than peddling fresh metal. While rebates on new cars come and go and make for volatile sales, the poor and those with credit…

Health leader likes hands-on approach: Monroe brings vast background of medical service to state commissioner’s role

April 11, 2005

Dr. Judith Monroe’s appointment as commissioner of the Indiana State Department of Health returns her to the early days of a practice steeped in public health. This time, though, the Carmel resident won’t be treating patients living in tree houses. That’s right, tree houses. The 52-year-old Dayton, Ohio, native began her medical career in Morgan County, Tenn., in the heart of Appalachia on the eastern edge of the Cumberland Plateau. Through a National Health Service Corps program, Monroe spent four…

Startup hopes to find niche with golf travel packages: Former players emphasize ability to customize trips

April 4, 2005

Two men with a gift for golf hope their success at the game will give them an edge as they tee off on a new business venture. Brian Pearce, 26, and Nate Stout, 23, have launched ReadyGolf Getaways, an upstart venture that puts together customized travel packages to courses throughout the country. Pearce and Stout plan to capture a market they think is underserved. While duffers can search the Internet with ease to locate myriad travel packages to golfing destinations…

Council launches new HR initiative: Target is small companies that have no administrator

March 28, 2005

Small-business owners who need help wading through myriad human resources issues now have another source to consider-the Indianapolis Private Industry Council Inc. The 23-year-old IPIC, better known for overseeing the seven WorkOne career centers in Marion County, has leapt into the HR arena by partnering with a handful of professionals who have agreed to honor the agency’s low-cost pledge. Sixty thousand people walk through the doors of the centers each year looking for work. But many of their potential employers-many…

School moratorium concerns industry: State officials studying whether too much money is being spent on non-educational construction projects

March 28, 2005

Designers of educational facilities are expressing concern over the future of school construction in Indiana as state officials mull guidelines that could bring changes to the process. Upon taking office in January, Gov. Mitch Daniels temporarily halted new school-construction borrowing to give the Department of Local Government Finance time to develop guidelines to ensure taxpayer money is spent wisely. The 120-day moratorium is a result of Daniels’ theory that school corporations spend too much money on projects unrelated to instruction….

Rehabs help schoolhouses rock: Threatened properties receive new life as apartments

March 28, 2005

As several local developers have discovered, some of the functional design aspects of school buildings also make attractive components of a successful apartment building. At least two north-side elementary schools closed by Indianapolis Public Schools in the early 1980s have been transformed into apartment communities, and another developer has found a niche turning old high schools in some of the state’s smaller cities into senior housing. By keeping the historic character of the buildings and serving a lower-income population, these…

Conseco Insurance Group plans sales rebound: Insurer boosts product line, agent recruitment

March 28, 2005

Conseco Insurance Group just closed the book on a disappointing 2004 but its leaders already have a jump on several initiatives to prevent a repeat in 2005. The Conseco Inc. subsidiary launched two new life insurance products earlier this year and is aiming for a 25-percent increase in new business in 2005, according to Brad Corbin, the insurance group’s new executive vice president of sales. The insurer also has started burning some phone lines to boost the independent sales force…

Carmel Central Park project keeping contractors busy: $55M project on Monon won’t open until 2007

March 28, 2005

There won’t be skyscrapers, horsedrawn carriages or a subway stop, but come 2007, Carmel will have its very own Central Park. Officials broke ground in November on the 161-acre site bordered by College Avenue, 116th Street, Westfield Avenue and 111th Street. When completed, Central Park will be the largest in the Carmel Clay Parks and Recreation 280-acre system. The $55 million project isn’t anywhere near the scope of the New York City original, but construction manager Geupel DeMars Hagerman still…

Charter One Bank plans Indiana growth: Acquisition allows new owner to leverage 60 branches

March 21, 2005

Two and a half years ago, Charter One Bank had nary a single Indiana branch. Since then, it’s quietly built 60. Charter One is preparing an all-out assault on the Indiana bank market. Under the leadership of its new Indiana president and CEO, Norman S. Hatch, the bank plans to add 10 branches in 2005 and increase its Indiana head count from 400 to 500 employees. Hatch, who took charge Jan. 2, had been vice president of middle-market banking for…

Builders try retail approach: Estridge, Davis plan north-side home stores

March 7, 2005

Two locally based home builders are staking out retail storefronts in a bid to reach out to customers who might want to buy a new home while they’re picking up a gallon of milk or a pair of shoes. Carmel-based Estridge Cos. plans to open its HomeExperience store in Clay Terrace in late spring or early summer, while Indianapolis-based Davis Homes LLC in late April will move its showroom into a Krogeranchored shopping center at 96th and Meridian streets. For…

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People

Kurt Beier

Articles

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

BEHIND THE NEWS: Brothers who built ticket broker now battling

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

Michigan Road project features upscale shops: Smaller version of CafÃ© Patachou planned for property

Web demand by the disabled likely to increase: Accessibility rally aims to boost Internet access

BEHIND THE NEWS: Great Lakes board battled for sweet price from suitor Bulriss not talking Legal costs singe ITT

Departure of ATA exec still cloudy: Chief financial officer alleged termination was retaliation

Navigating a painful journey: St. Vincent Pediatric Hospice helps families cope

Smoking warriors expand battlefield: Health advocates accuse grocers, retailers of misleading public with smoke-free claims

Profit potential drives car dealers to risky end of market: Collecting on high-interest, buy-here-pay-here loans requires adept, relentless managers to succeed Management-intensive

Health leader likes hands-on approach: Monroe brings vast background of medical service to state commissioner’s role

Startup hopes to find niche with golf travel packages: Former players emphasize ability to customize trips

Council launches new HR initiative: Target is small companies that have no administrator

School moratorium concerns industry: State officials studying whether too much money is being spent on non-educational construction projects

Rehabs help schoolhouses rock: Threatened properties receive new life as apartments

Conseco Insurance Group plans sales rebound: Insurer boosts product line, agent recruitment

Carmel Central Park project keeping contractors busy: $55M project on Monon won’t open until 2007

Charter One Bank plans Indiana growth: Acquisition allows new owner to leverage 60 branches

Builders try retail approach: Estridge, Davis plan north-side home stores