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VOICES FROM THE INDUSTRY: Green building trend should be here to stay

March 27, 2006

Trends come and go all the time in the architecture and construction fields. But one movement that is proving to be steadfast and is gaining momentum is called “green architecture.” Simply stated, it is the effort to minimize the effect of new and refurbished buildings on their environment. The green approach to building design is often seen by many as merely focusing on the recycling of building materials, but in fact addresses multiple aspects of the construction process. Green design…

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

March 27, 2006

The Indianapolis-based advertising firm’s former building, at 409 Massachusetts Ave., featured an interior atrium, open work spaces and a large fish sculpture in the window that caught the eye of passersby on the busy commercial corridor. For its new building, a former school tucked into Lockerbie Square a few blocks away, the firm had to decide how to creatively use a choppedup floor plan, complete with a gymnasium in the middle. Young & Laramore enlisted Eric Rowland and Sarah Schwarzkopf…

Insurers: Session a ‘dog’: Industry’s favored bills bark up the wrong tree

March 6, 2006

The state’s insurance industry could use coverage for the lumps it has taken this legislative session. The three main issues of interest for the Insurance Institute of Indiana, the sector’s lobbying arm, all flamed out early. The disappointing performance prompted Marty Wood, the organization’s director of public affairs, to proclaim it a near failure. “I would give this session for insurers a ‘D’ as in dog. Dog is probably pretty accurate, too,” Wood said. “Had we had this kind of…

Development plans percolating in five urban corridors: East 10th Street, Fountain Square lead FOCUS pack

February 20, 2006

DataSmith Technologies owner James Smith started looking almost two years ago for a building to house his business, his home and possibly a revenue-generating tenant. What he ended up with was a dilapidated former bar on a struggling section of East 10th Street that had become a haven for vagrants. Smith took a chance on the building at 2032 E. 10th St., most recently home to Mustang Sally’s tavern, largely because of the involvement of the East 10th Street Civic…

BEHIND THE NEWS Safety firm’s sale a bonanza-and that’s no accident:

February 20, 2006

Aearo Technologies Inc., the maker of earplugs and other protective gear, has long been a quiet company. But given its recent performance and the announcement this month that a private equity firm is buying it for an eye-popping $765 million, no one would call it a sleepy one. Indeed, interviews and a review of regulatory filings show the northwest-side company has been on a tear, boosting sales from $284 million in fiscal 2001 to $423 million in fiscal 2005. In…

Arts group gets serious: Harrison Center mounts its first-ever capital campaign

February 13, 2006

Perhaps you’d find a live “elf” directing visitors from inside an inflatable lawn Christmas decoration. Maybe young women dressed in wedding gowns would be playing basketball in the gym. Or possibly, one of the featured works of art would be a 3-foot-tall crocheted cigar in a display case, made with yarn, wood, screws and “six cans of cheap beer,” according to its creator, Paul Baumgarten. But behind the scenes of controlled mayhem, Harrison Center Executive Director Joanna Taft and the…

Stilwell Architectural Design & Custom Remodeling: Second time the charm for remodeling company Owner polished business skills after his first firm folded

February 13, 2006

Joe Stilwell knows how stressful homeimprovement projects can be. So when his remodeling and design firm is on the job, he can find himself tackling more than his supervisory duties-sometime acting as marriage counselor, pastor and even dog walker. “We become part of this family for four to 10 months,” he said. “We need to know if we should let the pets out.” Client Paula Ruppert can attest to his expertise. She and husband Michael hired Stilwell Architectural Design &…

Developer casts eye beyond downtown: New company led by Brian Knapp to look beyond condos in metro area

February 13, 2006

A former Simon Property Group Inc. executive known in recent years for downtown condominium developments is launching a new development company that puts him closer to his retail roots. Brian F. Knapp, president of Dinmont Development LLC, recently created Diverse Development Co. LLC to focus on real estate beyond downtown’s borders. He’ll continue to serve as Dinmont’s president at least until its current projects are completed. Those projects, both joint ventures with locally based Hearthview Residential Inc., are the 40-unit…

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

February 13, 2006

Accusations of fraud and other misconduct are piling up against the former owner of Winona Memorial Hospital. Two companies recently joined Winona’s creditors in questioning money transfers made by Texasbased Leland Medical Centers Inc., which owned the nowdefunct Indianapolis hospital from 2002 until a short time before it closed in 2004. Meanwhile, lawyers sorting through the liquidation of Winona still have no explanation for why Leland took $3.6 million from the struggling Indianapolis hospital before it slid into bankruptcy and…

The TIES that BLIND?: Experts say links between company, directors may have taken toll

February 6, 2006

The Arkansas-based goliath has been on a rampage in central Indiana the past five years, building its market share in the local grocery business to 26 percent. When Marsh announced last N ove m b e r that it had hired Merrill Lynch & Co. to explore a s a l e , m a ny o b s e r ve r s attributed the steady decline of the state’s sixth-largest employer to inroads by discount rivals. But a…

EYE ON THE PIE: Let’s revisit the State of the State

January 30, 2006

Quite appropriately, Gov. Mitch Daniels did not make any claims about “a revitalized Indiana economy” in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only…

EYE ON THE PIE: Let’s revisit the State of the State

January 23, 2006

VIEWPOINT: Foreign study deserves government support

January 16, 2006

The goal of “crosscultural understanding” is now practically a mantra at every university, and the federal government has joined the chorus. President Bush has proclaimed, “America’s leadership and national security rest on our commitment to educate and pre pare our youth for active engagement in the international community.” And in November, the U.S. Senate designated 2006 as the “Year of Study Abroad.” The Senate resolution maintains that education abroad promotes the nation’s “security, stability and economic vitality.” It notes with…

NOTIONS: Failing to learn from the past, condemned to repeat it

January 16, 2006

It was raining in London the morning before New Year’s Eve. As we emerged from the St. Paul’s tube stop to a gust of wintry air, my friend Cheri wrapped her black topcoat a bit tighter, I buttoned my Navy blue, and we pulled on our gloves and scarves, and opened umbrellas to ward off the cold and damp. We walked briskly past the north churchyard of St. Paul’s Cathedral, turned the corner and climbed the front steps. Inside, we…

New airport control tower has a blind spot: More than 300 feet of runway obscured by FedEx hub will be closed, dozed to give controllers view

January 2, 2006

Indianapolis International Airport this month will launch a highly unusual project-shortening a runway. Perhaps just as odd is the reason: Controllers in the airport’s new air traffic control tower, opening next spring, won’t be able to see the southern 324 feet of the 7,604-foot crosswind runway. The FedEx hub is in the way. “The control tower needs to see the surface of the runway,” said John Kish, manager of the $1 billion midfield terminal construction project that necessitated the new…

New ATA shares harder to land: Public offering not expected as airline exits bankruptcy

January 2, 2006

You probably wouldn’t want to buy shares of the first discount airline in recent years to file bankruptcy reorganization-not unless you’re a short-seller or a relative of Norman Vincent Peale. Not in this airline climate. But even they won’t have a chance to buy shares being issued in ATA Holdings Corp. after the Indianapolis airline emerges from Chapter 11 as early as next month. ATA was delisted from Nasdaq shortly after it filed for bankruptcy in October 2004. Old shares…

BEHIND THE NEWS: A peek inside Guidant-J&J-Boston Scientific drama

December 19, 2005

Corporate attorneys aren’t paid to write riveting prose. But the battle to buy Guidant Corp. is so drenched with drama that even the company’s normally bonedry regulatory filings make compelling reading these days. Here’s one gem in a recent filing: Just hours after Guidant sued Johnson & Johnson the morning of Nov. 7-an in-yourface tactic aimed at forcing J&J to close on its $25.4 billion purchase of the Indianapolis company-Guidant CEO Ron Dollens phoned a top J&J executive in an…

Malls fight for tax savings: Owners see appeals pay off; inconsistencies plague process

December 19, 2005

Shopping mall owners were ecstatic when their property tax bills dropped as a result of reassessment in 2002. Some of them are even giddier now. Three of Indianapolis’ enclosed malls-Castleton Square, Lafayette Square and Glendale-have since won large appeals and had their combined annual property taxes reduced almost $1 million. Pending appeals of the taxes at Circle Centre and Fashion Mall will be decided within months and could mean even more money in the pockets of mall owners. Before 2002,…

Duke, Bremner pairing bearing fruit for both companies: Venture surpasses goals with $100 million in projects

December 19, 2005

A year after forming a joint venture to pursue health care development, Duke Realty Corp. and Bremner Healthcare Real Estate are preparing to storm the Southeast, one of Duke’s stronghold markets, by opening offices in Atlanta and Miami, and by bringing on a new partner. Announced last December, Duke’s and Bremner’s joint venture this year locked up $100 million worth of projects, ranging from a medical office building on Michigan Road in Hamilton County to an outpatient hospital in Summit,…

ERODING FOUNDATION: Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound

December 12, 2005

Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound Wall Street is chipping away at Indianapolis’ most-venerable philanthropic institution. The value of Lilly Endowment’s primary asset-Eli Lilly and Co. shares-has dropped by more than half since 2000, forcing leaders to sell additional shares in order to give away hundreds of millions of dollars as required each year. Still, the privately run endowment remains a major Eli Lilly shareholder, with nearly 148 million shares of the company’s…

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Articles

VOICES FROM THE INDUSTRY: Green building trend should be here to stay

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

Insurers: Session a ‘dog’: Industry’s favored bills bark up the wrong tree

Development plans percolating in five urban corridors: East 10th Street, Fountain Square lead FOCUS pack

BEHIND THE NEWS Safety firm’s sale a bonanza-and that’s no accident:

Arts group gets serious: Harrison Center mounts its first-ever capital campaign

Stilwell Architectural Design & Custom Remodeling: Second time the charm for remodeling company Owner polished business skills after his first firm folded

Developer casts eye beyond downtown: New company led by Brian Knapp to look beyond condos in metro area

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

The TIES that BLIND?: Experts say links between company, directors may have taken toll

EYE ON THE PIE: Let’s revisit the State of the State

EYE ON THE PIE: Let’s revisit the State of the State

VIEWPOINT: Foreign study deserves government support

NOTIONS: Failing to learn from the past, condemned to repeat it

New airport control tower has a blind spot: More than 300 feet of runway obscured by FedEx hub will be closed, dozed to give controllers view

New ATA shares harder to land: Public offering not expected as airline exits bankruptcy

BEHIND THE NEWS: A peek inside Guidant-J&J-Boston Scientific drama

Malls fight for tax savings: Owners see appeals pay off; inconsistencies plague process

Duke, Bremner pairing bearing fruit for both companies: Venture surpasses goals with $100 million in projects

ERODING FOUNDATION: Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound