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IU makes plans to hatch more businesses: Incubator in Bloomington hopes to duplicate success of local Emerging Technologies Center

October 6, 2008

Ground should be broken late this month or in early November, with completion expected by summer. Cost of the 40,000-square-foot facility-4,000 square feet smaller than the one here-is estimated in the $8 million to $10 million range. While it may be a bit smaller in size, the scope is broader. The new incubator will promote both life sciences companies and information technology firms. That goal differs from the mission of the existing IU Emerging Technologies Center on 10th Street, which…

VC firm raises $116M for second fund after knocking first one out of park

September 29, 2008

Thanks to hefty 35-percent gross returns on its $60 million first fund, locally based Centerfield Capital Partners LP has
raised nearly twice as much for its second. This month, the venture capital firm closed on $116 million from a variety of
investors. As before, Centerfield’s 50 limited partners include major Hoosier institutions. But this time, numerous big banks,
insurance companies and pension funds from outside state lines were also investors.

Simon Property Group exploring overseas markets

September 29, 2008

Simon Property Group Inc. has been readying its balance sheet and sizing up buyout targets in hopes of capitalizing on
a worldwide markdown on shopping-center owners.

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: 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…

BEHIND THE NEWS: Cautious streak helps Duke weather tumultuous times

September 15, 2008

Duke Realty Corp. has stayed largely out of the headlines this year, which in an economy like this is a pretty good sign. Another Indianapolis developer, Lauth Property Group, has shed more than half its 450-person work force, and Premier Properties Inc.- perhaps the city’s most daring developer-lurched into bankruptcy court. Meanwhile, Duke, which specializes in suburban office and industrial development, keeps on chugging. To be sure, the company isn’t immune to broader economic slowdown. In April, it laid off…

Crane tech park moves ahead with development

September 8, 2008

An area long considered one of the most promising sites in the state for economic development is finally getting traction. A year ago, the budding WestGate @ Crane Technology Park barely had opened its first building. Now the park, which is next to the secretive Naval Surface Warfare Center at Crane in southwestern Indiana, anticipates […]

‘Rollcrete’ might provide alternative to pricey asphalt

September 8, 2008

Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens
to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found
one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."

Elanco home base moving to life sciences park

September 2, 2008

Elanco, the animal health division of Eli Lilly and Co., will move into a new 135,000-square-foot headquarters in Greenfield by the spring of 2010, the company announced today. Elanco’s new offices will go up on the northwest corner of State Road 9 and I-70, where Indianapolis developer Browning Investments Inc. is building a 52-acre life […]

Re-entry key in city’s plot to fight crime

September 1, 2008

Re-entry key in city’s plot to fight crime Mayor makes push, hires director to help more ex-convicts find work Makeba Averitte spent more than seven years incarcerated in Indiana, Kentucky and Oklahoma prisons paying for the robbery he committed as a young man with few prospects. Since his release in 2004, the 32-year-old has obtained a driver’s license and insurance on his automobile, not to mention a bit more wisdom. But what eludes him most-even more so now as a…

State prevention program helps Children’s Bureau enter new areas, lift budget

September 1, 2008

Since its origins as the Widows and Orphans Asylum in 1851, the Children’s Bureau has been working to
fix broken families in Indianapolis. Now the local not-for-profit has expanded its reach into 37 Indiana
counties–growing its budget 22 percent in the process. But the agency remains focused on Marion County, where it’s building
a $9.2 million service center at 16th and Dr. Martin Luther King Jr. streets.

Developer betting on cottage homes

September 1, 2008

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that
turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite
for the tiny energy-efficient homes clustered around community greens? A local developer is betting they
will.

Re-entry key in city’s plot to fight crime: Mayor makes push, hires director to help more ex-convicts find work

September 1, 2008

Makeba Averitte spent more than seven years incarcerated in Indiana, Kentucky and Oklahoma prisons paying for the robbery he committed as a young man with few prospects. Since his release in 2004, the 32-year-old has obtained a driver’s license and insurance on his automobile, not to mention a bit more wisdom. But what eludes him most-even more so now as a convicted felon-is a steady, goodpaying job. Tired of temporary work, he enrolled in Second Chance at the United Northeast…

Children’s Bureau reaches out: State prevention program helps social-services agency enter new areas, lift budget

September 1, 2008

Since its origins as the Widows and Orphans Asylum in 1851, the Children’s Bureau has been working to fix broken families in Indianapolis. Now the local not-for-profit has expanded its reach into 37 Indiana counties-growing its budget 22 percent in the process. Despite the regional push, the agency remains focused on Marion County, where it’s building a $9.2 million service center at 16th and Dr. Martin Luther King Jr. streets. The engine driving the organization’s recent growth: a statewide program…

Charter Homes builder draws scrutiny for odd sales claims, multiple liens

August 25, 2008

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its
rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.

A burned cookie cost me a fortune Commentary:

August 25, 2008

It was the chocolate chip cookies. My wife, Janie, who for years has entered her award-winning baked goods in the Indiana State Fair, was upset because she failed to earn a blue ribbon last summer. Upon inquiry, she was informed that her chocolate chip cookies were slightly burned on the bottom. (I have always been one of her official tasters, and they looked OK to me.) She blamed her lack of success on an unreliable 25-year-old oven that had to…

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

August 18, 2008

Now a developer is banking on a new roadway and airport terminal to attract office tenants, although some brokers familiar with the area aren’t sold on the idea. The local office of Chicago-based Verus Partners LLC finished purchasing 200 acres along the east side of the Reagan Parkway and plans to build a 60,000-square-foot, two-story speculative office building. Verus’ mixed-use office and industrial park is called GreenParke at Airwest and could be ready for occupancy by next summer. Infrastructure work…

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

August 18, 2008

Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

August 18, 2008

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Articles

IU makes plans to hatch more businesses: Incubator in Bloomington hopes to duplicate success of local Emerging Technologies Center

VC firm raises $116M for second fund after knocking first one out of park

Simon Property Group exploring overseas markets

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

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

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

BEHIND THE NEWS: Cautious streak helps Duke weather tumultuous times

Crane tech park moves ahead with development

‘Rollcrete’ might provide alternative to pricey asphalt

Elanco home base moving to life sciences park

Re-entry key in city’s plot to fight crime

State prevention program helps Children’s Bureau enter new areas, lift budget

Developer betting on cottage homes

Re-entry key in city’s plot to fight crime: Mayor makes push, hires director to help more ex-convicts find work

Children’s Bureau reaches out: State prevention program helps social-services agency enter new areas, lift budget

Charter Homes builder draws scrutiny for odd sales claims, multiple liens

A burned cookie cost me a fortune Commentary:

Developer pegs Plainfield for spec office building: Local real estate brokers question potential demand

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects