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Apartment industry embracing Ball State graduates: Program makes property management a career goal

October 10, 2005

During the 1990s, a booming Indianapolis apartment market was becoming increasingly competitive. About 10,000 units were added to the market in the second half of the decade and professional, well-educated managers to run them were in short supply. Enter the Apartment Association of Indiana, which figured the best way to find the professionals apartment owners needed was to grow their own, so to speak, by creating a post-secondary education degree program for the industry. At that time, Virginia Tech was…

Women gain place at table: Increase in WBE firms seen at airport

October 10, 2005

At $1.66 billion, the 1.2-millionsquare-foot midfield terminal project, scheduled to open in late 2008, is more than the future gateway to the city. It is a gateway of opportunity for many local women-owned business enterprises (WBEs). The Indianapolis Airport Authority’s commitment to increasing participation of women-owned businesses is more than lip service. “Over half of the users of our airport are women,” said Lacy M. Johnson, president of the IAA board of directors and champion for women-owned and minority businesses….

Bye-bye blight?: Developers grabbing parcels east of Circle Centre mall

October 10, 2005

Several groups are floating plans and crunching numbers for downtown hotel or condo projects east of Circle Centre mall, an area that has been largely passed over for new developments in recent years. One of the more imminent projects is a large mixed-use development for the quarter-block at Maryland and Pennsylvania streets, now occupied by surface parking lots and a 9,000-squarefoot office building. A group that includes local developer J. Greg Allen has four separate parcels at the corner under…

Born again: Old churches gain new life as commercial space

October 10, 2005

God may be eternal, but His houses aren’t. Congregations expand, move or fade away. When they leave a house of worship behind, sometimes they find a different congregation to take over the brick-andmortar expression of their faith. Sometimes they don’t. In the latter case, finding a new life for churches and temples-often solidly built and packed with unique architectural details-can be something like working a miracle. But a handful of developers have managed to give new life to old churches,…

Herron-Morton planning grows beyond art campus: Foundation hopes to redevelop 3 nearby buildings

October 10, 2005

Members of Herron-Morton Place Foundation Inc. are ecstatic that city planners chose their proposal to rehabilitate three vacant buildings as part of a larger redevelopment of the former Herron School of Art campus. The dilapidated structures, known as the Foundry buildings, are a block east of the campus. Under the foundation’s plan, they will be transformed into retail shops and should benefit from the foot traffic generated by the revitalization of the Herron property on 16th Street. But now comes…

RETURN ON TECHNOLOGY: What are your workers hiding from you?

October 17, 2005

Many years ago, when I worked for a machine-tool dealership, I learned a lesson about technology and employees. As I was watching an employee run a part, I noticed he was doing something I knew hadn’t been in the engineering setup requirements. When I asked about it, he replied that he knew his decision hadn’t been sanctioned by the “idiots with slide rules,” but if he had done it the approved way, it wouldn’t work. Further, if he had notified…

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

October 17, 2005

Did NFL Commissioner Paul Tagliabue do a snow job on Indiana legislators? Tagliabue dangled visions of Indianapolis’ hosting a Super Bowl when he made the case for a $625 million stadium before Indiana lawmakers earlier this year. Now construction is under way, and local officials are watching 2006 host city Detroit to see if it can warm skeptics to the idea of playing the Super Bowl in a cold-weather city. But some observers of the big game doubt Indianapolis has…

CHRIS KATTERJOHN Commentary: LaSalle economist holds court

October 17, 2005

Now that President Bush has named both his candidates for Supreme Court vacancies and one has been confirmed, we can expect news soon of an appointment that is more important to businesspeople and markets. That would be the replacement for Alan Greenspan, chairman of the Federal Reserve Board, who retires Jan. 31. Greenspan has been in his seat 18 years and has presided over a period of strong economic growth, low inflation and interest rates, and a tremendous stock market….

‘Big gun’ rides into Irving case: Prominent attorney Susman won $900M from Microsoft

October 17, 2005

Irving Materials Inc. may appreciate that folksy quip after sparring with Houston attorney Stephen D. Susman. The broad-shouldered Texan who once prosecuted Hamlet in a mock trial for charity (Hamlet was convicted) has been named co-lead counsel for construction firms suing Greenfield-based IMI in federal court here over concrete price-fixing. In 1989, Susman defended U.S. House Speaker Jim Wright against ethics charges in a flamboyant style that ruffled the Volvo-driving sensibilities of Beltway Yankees. Susman, 64, called his dapper opponent…

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe

October 24, 2005

The 60 industrial-size freezers standing in formation like soldiers at attention look unassuming from the outside, but their contents are invaluable. Stored at temperatures of minus-80 degrees Celsius, the millions of biological samples inside the far-west-side warehouse represent the future of disease research and drug development. The repository is operated by BioStorage Technologies, a 3-year-old venture created by a pair of researchers who met at the local office of Princeton, N.J.-based Covance Inc., a drug-development services firm. Oscar Moralez developed…

Affordable housing gets $2.3 million:

October 24, 2005

The City-County Council on Oct. 10 voted to allocate $1.5 million in federal grant money and $800,000 from the Indianapolis Housing Trust Fund toward affordable-housing efforts. One project that will benefit from the federal money is the Rink-Savoy redevelopment at Illinois and Vermont streets, which will create 62 rental units and five condominiums for low-income households. That project will receive $235,000. Westside Community Development Corp. will receive $248,000 to support the construction of 23 homes, all of which will be…

Cop merger might have just enough: Backers make concessions in effort to build majority

October 24, 2005

It’ll be close. But Mayor Bart Peterson may have just enough support to make his proposed police merger a reality. The City-County Council is expected to vote on the issue Oct. 31. Advocates are hurriedly negotiating with key players, hoping lastminute concessions will pull a handful of councilors off the fence. “I don’t think it’s going to be a wide margin either way,” said Peterson, a Democrat. “But I do believe it will pass. Because at the end of the…

Startups offered a fast track: Motorsports-themed incubator gets green light in Brownsburg

October 31, 2005

Hendricks County officials hope a new business incubator there revs the engines of local entrepreneurs. The motorsports-themed facility, to be known as Fast-Start, got the green light after a year-long feasibility study concluded the project was a logical fit for a community that already houses Prudhomme Racing, John Force Racing and Bill Simpson’s Impact Racing. “It would help achieve some of our goals in Brownsburg,” said Jeanette Baker, town council president and treasurer of the Hendricks County Economic Development Partnership,…

Health construction beat marches on in Hendricks: Population growth spurs health care development

October 31, 2005

A growing population is breeding more multimillion-dollar health care projects in Hendricks County. Danville-based Hendricks Regional Health will begin work next month on a $16 million medical office building more than a year after completing a $24.5 million hospital expansion, and St. Francis Hospital & Health Centers is staking its claim with a $4.7 million medical office under construction in Plainfield. Meanwhile, Clarian Health Partners plans to bulk up parts of the 76-bed hospital it opened just last year in…

Somerset enjoying freedom: Firm grew under First Indiana, but independence brings control, president says

October 31, 2005

Leaders of Somerset CPAs PC are soaking in the single life, one year after they split from First Indiana Corp. Twenty-one Somerset partners bought the assets of the accounting firm from the locally based public company on Oct. 25, 2004, ending a four-year relationship in which bad timing contributed more to the breakup than bad karma. The corporation is the holding company of First Indiana Bank. At a time when the Sarbanes-Oxley Act mandates auditor independence, Somerset President Patrick Early,…

Industry: Let’s build minority business: Construction consortium working on diversity

October 31, 2005

A consortium of some of central Indiana’s biggest players in construction has set its sights on improving minority involvement in the $8-billion-a-year industry. The Indiana Construction Roundtable, an organization made up of some of the biggest users and providers of construction services, on Oct. 12 approved a diversity outreach initiative. The ambitious plan aims to increase minority participation in the construction industry by rewarding contractors who support education and training, employ minorities and women, and mentor small minority- and women-owned…

Theater rehab project symbolic of city’s makeover:

October 31, 2005

While Anderson officials have focused much energy on Interstate 69 access points and former General Motors Corp. sites and business parks outside the city’s center, they’ve also been carefully rebuilding downtown. In 2002, Anderson Indiana Main Street was formed, and has become active in the last two years recruiting business there and hosting a number of festivals and other events. In recent years, many of the streets have been repaved-some with brick pavers as part of a massive beautification project…

Less empty office space downtown? Don’t count on it: Local market experts cast doubt on national report

November 7, 2005

A recent report lauding the health of Indianapolis’ downtown office market over the next two years may have caused a few bursts of excitement, but they were likely short-lived. New York-based Cushman & Wakefield cited Indianapolis’ downtown as a leading office market nationwide in a recent report, citing the possibility of vacancy around 7 percent in 2007, down from 13.5 percent now. If that happened, it would signal the healthiest downtown office market since the late 1990s. Few local observers…

EYE ON THE PIE: Don’t let a little suffering wreck holidays

November 7, 2005

I drove past the shrine at Clark and Addison in Chicago the day after the White Sox won the World Series. All was normal outside Wrigley Field. There was no evidence of the momentous event in Houston the night before. The White Sox and their fans do not exist for Cubs fans. There is an order to the world. For Hoosiers, people from Kentucky generally rank lower than folks from Pennsylvania. Yet we know Hoosiers don’t rank highly in the…

Butler construction project targeted for fall ’06 finish: Student housing, rec center to join historic campus

November 7, 2005

The landscape around Butler University’s historic Hinkle Fieldhouse is undergoing dramatic changes not seen on the private campus since the early 1960s. Construction began in May on a $50 million project to build a student recreation center west of the 77-year-old arena and student housing to the east. Both should be finished by the start of the fall semester in August. The construction projects are the largest since Irwin Library, Clowes Memorial Hall and Lilly Hall were built in 1961,…

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People

Kyle Abram

Articles

Apartment industry embracing Ball State graduates: Program makes property management a career goal

Women gain place at table: Increase in WBE firms seen at airport

Bye-bye blight?: Developers grabbing parcels east of Circle Centre mall

Born again: Old churches gain new life as commercial space

Herron-Morton planning grows beyond art campus: Foundation hopes to redevelop 3 nearby buildings

RETURN ON TECHNOLOGY: What are your workers hiding from you?

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

CHRIS KATTERJOHN Commentary: LaSalle economist holds court

‘Big gun’ rides into Irving case: Prominent attorney Susman won $900M from Microsoft

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe

Affordable housing gets $2.3 million:

Cop merger might have just enough: Backers make concessions in effort to build majority

Startups offered a fast track: Motorsports-themed incubator gets green light in Brownsburg

Health construction beat marches on in Hendricks: Population growth spurs health care development

Somerset enjoying freedom: Firm grew under First Indiana, but independence brings control, president says

Industry: Let’s build minority business: Construction consortium working on diversity

Theater rehab project symbolic of city’s makeover:

Less empty office space downtown? Don’t count on it: Local market experts cast doubt on national report

EYE ON THE PIE: Don’t let a little suffering wreck holidays

Butler construction project targeted for fall ’06 finish: Student housing, rec center to join historic campus