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Articles

Commentary: HealthNet casts a wide one

June 9, 2008

Indianapolis is becoming a much more international city. Consider some of the facts: Central Indiana’s Latino population is now 100,000, fifth-fastest-growing in the United States; one in five scientists at Eli Lilly is Chinese; and 2,000 Burmese immigrants live here. These tidbits and mounds of other information about immigration in our community can be found in the International Center’s coffee-table book, “New Faces at the Crossroads: The World in Central Indiana.” The book also contains the stories and beautiful photographs…

Zender trying to sell 18 apartment complexes for about $40 million

June 2, 2008

A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.

Construction behemoth Skanska sees potential in Indy: U.S. division of Swedish-based company sets sights on health care, education, pharmaceutical building sectors

May 26, 2008

New Jersey-based Skanska USA Building Inc., a division of the $23 billion Swedish construction powerhouse Skanska AB, arrived in Indianapolis in April. Named last year as the top green contractor in the nation by Engineering News-Record magazine, Skanska USA is recognized in particular for its projects in the health care, higher education and pharmaceutical sectors. Its largest project, however, is the $998 million Meadowlands football stadium under construction in New Jersey. Locally, Terry Parrott, 50, is in charge of operations….

Eastgate mall acquisition closes

May 21, 2008

Lifeline Data Centers LLC said yesterday that its acquisition of Eastgate Consumer Mall has closed. The Indianapolis company announced in December that it would spend $23 million to transform the 370,000-square-foot mall at East Washington Street and Shadeland Avenue into a high-tech hub for hosting a data-storage operation. Common areas of the mall will not […]

MORGAN COUNTY

May 19, 2008

MORGAN COUNTY Church construction booms There’s no building trades recession in Martinsville or Mooresville where the Lord is concerned. Three churches and a Christian camp all are planning big projects. Church at Mount Gilead plans to build a worship center, vestibule and administrative offices at 6019 E. State Road 144 near Kitchen Road in Mooresville. […]

Have Colts already outgrown new stadium?: Team has long waiting lists for suites, season tickets

May 5, 2008

Escalating demand for corporate entertainment space during Indianapolis Colts home games has team owner Jim Irsay wondering whether Lucas Oil Stadium should have been built with more luxury suites. “Quite frankly, I wish we built 30 or 40 more suites,” Irsay told IBJ during a recent interview. There’s good reason to think the Colts have outgrown the stadium-even though it’s still four months from completion. The Colts long ago sold all 142 suites for the venue, and have a waiting…

Anderson lands call center, potential for 400 jobs

May 2, 2008

A call center operator has chosen Anderson for a new operation and plans to hire as many as 400 workers within a year, Mayor Kris Ockomon said this morning. Agape LLC, a startup, picked Anderson for its available work force and access to fiber optics. Agape will set up shop in the Union Building, which […]

NY notes: Jazz at Birdland

May 2, 2008

The last time I was in New York City was about a year and a half ago. I was doing a story on things to do when you are in town on business and you find yourself with a few…

Renovated Central Library spawns neighborhood revival

April 28, 2008

A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.

VOICES FROM THE INDUSTRY: Intermodal is key to Indiana’s future crossroads identity

April 28, 2008

Earlier this year, the Wall Street Journal ran a front-page story about rail’s resurgence as a means for moving goods across the country. The story described the federal dollars being spent to fuel this railroad recovery, as well as the private sector investments being made and the economic benefits waiting for cities that get involved. The story included a map with thick, colored lines representing the key rail systems connecting the Midwest to the coasts. It took only a quick…

TIPPECANOE COUNTY

April 21, 2008

TIPPECANOE COUNTY Purdue trustees approve capital spending, operating budgets Purdue University’s trustees on April 11 approved a $1.04 billion capital improvement plan for the next 10 years and a $1.03 billion conceptual operating budget for the next academic year. The capital plan includes nearly $100 million in renovations and additions to Mackey Arena, and $80 […]

Startup buys West Lafayette research building

April 15, 2008

A West Lafayette research building used until a couple of years ago by Elkhart-based CTS Corp. has been acquired by a startup real estate company. The company, Indiana Technology Group LLC, is headquartered in West Lafayette. It is owned by five individuals, including principal and spokesman Ahmed Alsoffi, a long-time West Lafayette businessman. Other owners […]

Building opportunities: CREW Careers offers girls a glimpse into the diverse world of commercial real estate

April 14, 2008

While one college basketball team just completed its journey to a national championship, CREW Network’s women hope they’re on a similar winning path-a path to scoring parity in the male-dominated field of commercial real estate. The Commercial Real Estate Women Network is a national member organization dedicated to the advancement of women in commercial real estate. It has 66 chapters, including one in Indianapolis. In 2005, CREW Network completed the industry’s first comprehensive study of the status of women in…

One Indiana Square owner sues insurer over storm-damage repairs

April 14, 2008

The owners of a downtown skyscraper badly damaged in a 2006 storm are suing their insurance company after it halted payments
on a facade-replacement project. The suit, filed April 1, accuses the insurance company of a “bad faith” attempt to avoid
paying for repairs to the 36-story One Indiana Square building at the northeast corner of Pennsylvania and Ohio streets.

St. Francis thinking green in $42 million renovation: Mooresville hospital features ‘healing’ rooftop gardens

April 14, 2008

Guests attending the April 19 open house at the newly remodeled St. Francis Hospital-Mooresville will get a sneak peak at the facility’s $42 million makeover. The project increases the size of the campus from 258,000 square feet to almost 400,000 and adds everything from a new, eight-bed intensive care unit to two additional adult inpatient nursing units. But perhaps the most innovative touch-at least from an aesthetic point of view-can be found on the roof. Like a handful of other…

Mackey Arena to cost $17M more

April 11, 2008

Purdue University trustees this morning approved a capital improvement budget that includes spending $17 million more on renovating and expanding Mackey Arena than the $82 million anticipated last year. The scope of the project is the same; the additional cost was forced by escalating prices for materials and other construction costs, as well as by […]

IRT plans $3M renovation

April 7, 2008

The Indiana Repertory Theatre has won a $3-million grant from the Lilly Endowment to fund renovations of the Indiana Theatre building at 140 W. Washington St. IRT plans to…

J.F. Wild building getting makeover

April 2, 2008

A local firm has begun renovations on an historic 12-story former bank building at 129 E. Market St. Crown Property Group bought the J.F. Wild & Co. building from…

Real-world experience-for real: IUPUI’s Global Design Studio lets students tackle projects around the planet

March 31, 2008

New Orleans and Indonesia are worlds apart, yet linked by devastation from catastrophic floodwaters and by the outpouring of empathy that has ensued. An effort launched four years ago on the campus of IUPUI to involve design students in actual construction projects is responsible for a portion of the good will. The Global Design Studio is helping to rebuild areas ravaged by Hurricane Katrina and, to a lesser extent, the tsunami. Its projects also include renovating a boarding house in…

Indy to host Urban Forum: Group that helps revitalize properties to showcase city’s projects

February 25, 2008

Visitors in Indianapolis for the Urban Forum in April might patronize Jockamo Upper Crust Pizza in Irvington not only to sample the food but also the success of a neighborhood business district revitalization program. The pizzeria benefited from an effort called Fostering Commercial Urban Strategies, or FOCUS, through a $16,000 facade grant from the Indianapolis chapter of the Local Initiatives Support Corp. Indianapolis is one of 30 cities boasting LISC chapters. Nationally, they invested more than $1 billion in low-income…

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