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    Kyle Abram

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Articles

EYE ON THE PIE: Economic turmoil hinges on ignorance

September 29, 2008

What we don’t know does hurt us. Many builders constructed houses assuming there was a continuing strong market of qualified home buyers. Some mortgage brokers and some bankers gleefully ignored or misrepresented the abilities of home buyers to sustain homeownership. Too many home buyers did not bother to learn what their obligations as homeowners would be. They didn’t know about paying property taxes or how adjustable mortgage rates could escalate beyond their capabilities to meet their monthly payments. The companies…

VOICES FROM THE INDUSTRY: Looking back in history to understand this mess

September 29, 2008

Where is the stock market headed next? It may help to look where it has been. My clients may have grown tired of hearing how the bull market of the 1990s mirrored the Roaring Twenties-maybe because they knew what came after the Roaring Twenties? You remember the history books and your parents talking about the Great Depression. The more articles you read concerning the recent market turmoil, the more this phrase appears: “Worst (fill in blank) since the Great Depression.”…

Then & Now: The Dome

September 25, 2008

From architect Bob Hague: “I was a graduate architect just out of school responsible for building the study model, developing the construction documents and construction administration. Was involved in the project for 3 years. The rooftop tours are from 1983…

Review: Bill Cosby at IU

September 24, 2008

Singers of a certain age often coast on nostalgia. The primary pleasure of attending one of their concerts isn’t so much the sound of their voice or the wit of their banter. It’s being able to say you saw them….

BEHIND THE NEWS: Veteran builder keeps faith, despite shortage of buyers

September 22, 2008

Paul Shoopman could have sat on the sidelines savoring the fact that he sold his homebuilding firm in 2004, just months before the market began a calamitous slide. But that’s not Shoopman, who’d been building houses since 1971, the year he graduated from high school. His dad loaned him the money for his first lot, and co-signed for the construction loan. Shoopman built Dura Builders Inc. into Indianapolis’ fifth-largest homebuilder before selling it to Los Angeles-based KB Home. A little…

Short trip, big move for Bose: Intense planning smooths law firm’s HQ transition

September 22, 2008

Looking east from the 27th floor of Chase Tower, lawyers at Bose McKinney & Evans LLP can clearly see their former offices at M&I Plaza. But the short distance didn’t make the firm’s traipse across Pennsylvania Street to its new home any easier. Just ask Vicki L. Bruce, the firm’s chief operations officer, who coordinated the cumbersome move that concluded Labor Day weekend. “You still have to load up a truck,” she said, “and it has to be staged properly.”…

VOICES FROM THE INDUSTRY: Plans for a new building should include move-in

September 22, 2008

New buildings are energizing ventures. They magnify the impact of new programs, they enable new technologies, and they reflect the kind of places we want to live and work. Or, at least they should. After the fanfare, the speeches and the ribbon-cutting ceremonies, the real users move in. Then the questions start: “Who decided this?” and “Why is this here?” and “What is this for?” The excitement of moving into a new building can quickly turn into frustration. It doesn’t…

SPORTS: Time to deflate that which inflated city’s image

September 22, 2008

Last week’s column looked ahead to the limitless possibilities of Lucas Oil Stadium. This week’s topic is a last look back at the Hoosier/RCA Dome because, this Wednesday, the Dome will be deflated and it will pass forever from our skyline. But not from our memories. Imagine our city without it. There would be no Indianapolis Colts. There likely would be no forthcoming Super Bowl, no Final Fours and no NCAA headquarters. There likely would have been no Pan American…

City Securities’ strategy: Stay true to your roots: State’s oldest investment bank avoided Wall St. woes

September 22, 2008

In recent days, as some of Wall Street’s most storied institutions teetered, the mood at Indiana’s largest and oldest investment firm was almost serene. City Securities Corp. managers tracked news tickers and consulted CEO Mike Bosway, who was on vacation in Ireland, via his BlackBerry. But their biggest concern wasn’t the financial underpinnings of their own company. It was tumbling stock prices, which depressed the value of the portfolios of their 15,000 clients. Bosway saw no need to rush home…

Tough economy touching all industries, but some are hurting more than others

September 22, 2008

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.

VOICES FROM THE INDUSTRY: How to avoid horror stories by pre-planning your move

September 22, 2008

If you’ve ever helped a friend move, you probably have horror stories to tell. About showing up to find not a single item boxed up. About countless cross-town trips in overloaded cars. About stacks and stacks of boxes labeled “Misc.” Or about unconnected utilities, lost keys, miscommunications, out-of-service elevators…well, you get the picture. Those kinds of scenarios might cost you years of good-natured teasing after you’re moving into your first apartment, but when the move involves a workplace, the stakes…

Roundabouts earn Time’s attention

September 15, 2008

Roundabouts earn Time’s attention HAMILTON COUNTY – Carmel love affair with roundabouts is attracting national interest. An article in the Sept. 15 issue of Time magazine points to Carmel as the leader in the growing traffic-management trend. Time notes that, since 2001, Carmel has built 50 roundabouts, which take the place of intersections with stoplights. […]

Safeco weighs downtown exit; owners of insurer’s building market space

September 15, 2008

Insurance giant Safeco Corp. is expected to either vacate or scale back its downtown operation next year–a move that could
deal a major blow to the office market. At stake are about 700 downtown jobs, some or all of which could be eliminated or
shifted to the suburbs. A final decision about the fate of Safeco’s five-building downtown office complex likely will come
after Boston-based Liberty Mutual completes its $6.2 billion acquisition of Seattle-based Safeco.

VOICES FROM THE INDUSTRY: State buildings to go green thanks to executive order

September 15, 2008

Green construction projects in Indiana are becoming more the norm than the exception. More office buildings, schools and universities and even residences are being designed and constructed to improve environmental efficiency. And now, new and renovated state buildings will be a whole lot greener, too. Gov. Mitch Daniels signed an executive order this summer establishing the Energy Efficient State Building Initiative, mandating that all new state buildings be designed, constructed and operated for maximum energy efficiency. This is significant for…

EDITORIAL: Arts, parks need city investment: Amenities keep talent flowing here

September 15, 2008

Arts, parks need city investment Amenities keep talent flowing here Young, well-educated, married people seem to like Indianapolis. That’s one of the pieces of good news that came out of a new IUPUI study that was the subject of a frontpage story in last week’s IBJ. When it comes to young, well-educated singles, we still have a way to go. Indianapolis lags the national average 17 percent. Cities are chasing such young people to keep their communities and economies strong….

Eco groups divided over gasification: New power plant has many critics, but some say it’s a necessary step

September 15, 2008

One might think a technology promising greener electric generation would please most environmentalists. Duke Energy Corp.’s 630-megawatt coal-gasification plant, scheduled to go online in Edwardsport in 2012, is expected to emit less sulfur dioxide, nitrogen oxides and particulates than the smaller, 1940s-era plant it replaces-while generating 10 times as much electricity. However, more than a dozen Indiana and national advocacy groups are decrying the $2.3 billion plant being footed mostly by ratepayers, claiming it will raise emissions of greenhouse gas…

Green building movement picking up steam in Indiana: More than 100 LEED projects in pipeline statewide

September 15, 2008

The portfolios of local architectural firms are beginning to boast more ecofriendly projects. But it hasn’t been that way for long. The trend to seek Leadership in Energy and Environmental Design certification is a recent phenomenon that appeals not only to the tree-hugging crowd but corporations and government entities, too. “We’re definitely getting to the point where clients are asking us about the LEED process,” said Eric Anderson, a project architect at Axis Architecture + Interiors. “Whereas before, even [as…

Mayor says some of 38 TIF districts have problems, might need reorganization

September 15, 2008

Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing
district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn’t producing enough revenue
to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County’s 37 other TIF district are
necessary, either.

FUNNY BUSINESS: This election goes beyond just boxers or briefs

September 15, 2008

Now that those Laff Riot nominating conventions are over, the major political parties can get down to the serious work of promising to change things by campaigning pretty much the way they always have. Wait. I take that back. I have seen something different about this year’s presidential election campaign, and I don’t mean the obvious stuff, like John McCain and Joe Biden being (and I can’t believe no one has pointed this out) white guys. This is the first…

VOICES FROM THE INDUSTRY: A few ways to put an end your office thermostat wars

September 15, 2008

It’s game time in corporate Indiana. The competitors: warm-blooded workers vs. cold-blooded workers. The battlefield: the thermostat. The unofficial season of the thermostat wars is about to begin. Anyone who’s worked in an office knows exactly how this game shakes out. An employee who complains it’s too hot nudges the thermostat dial farther toward the 60s; an employee who complains it’s too cold gives the dial a shove toward the 80s. The only one to win a thermostat war is…

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