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Articles

Noblesville mega-mall begins lining up retailers: Area brokers say space is likely to lease well

September 18, 2006

J.C. Penney, Best Buy and Bed Bath & Beyond plan to open stores in the $100 million open-air mall Simon Property Group Inc. and a partner are planning to build in Noblesville, retail brokers say. In addition, Grand Rapids, Mich.-based Goodrich Quality Theaters Inc. is in preliminary talks to open a cinema in the project, owner Bob Goodrich confirmed. Simon and another Indianapolis-based developer, Gershman Brown & Associates, announced plans for the nearly 1-million-square-foot Hamilton Towne Centre a year ago….

NOTIONS: Dear philanthropist: Make me a daydream believer

September 18, 2006

Last month, I picked up my boys in Fort Wayne, drove north on Interstate 69, hooked a left at Interstate 94, and got off at the Portage, Mich., exit. There, we whiled away the weekend at a family reunion. The grownups ate too much, caught up on gossip and puttered around the lake in the speedboat. The teenagers, whom we rarely saw, did X-Box battle in the basement. On Sunday, after the kids had surfaced for lunch and the grandparents…

Fewer businesses splurging for employee relocation costs: Perk is more prevalent, though, when attempting to attract high-level executives

September 18, 2006

Paying closing costs on a home or, better yet, asking that a potential employer purchase the house itself are among the brashest requests she’s fielded. Yet the owner of Quiring Associates Inc. expressed some surprise when the Mayo Clinic in Minnesota arranged to move her daughter, a recent Purdue University graduate embarking on her first job no less. “They brought a huge van down to pick up her things,” Quiring said. “They actually wanted her to know how serious they…

Office furniture dealers experience sales rebound: Better economy, more moves give industry a boost

September 18, 2006

Indianapolis-area office furniture dealers are awash with business, following a robust national trend that has lifted the industry beyond its lows of a few years ago. As businesses have begun to move into bigger quarters since 2003, they’ve naturally ordered desks, chairs and filing cabinets to fill the bigger space, local dealers said. “The industry is closer to where it used to be, but I don’t think we’ll ever again see the kind of activity we had in the mid-…

Newspaper war erupting in northern suburbs

September 18, 2006

Two new Carmel newspapers will soon join eight others in Boone and Hamilton counties. While the region is one of the fastest growing in Indiana, journalism experts said having 10 newspapers serving a population of just under 300,000 is astounding.

Hammering away at his own business: After 18 years working for others, contractor strikes out on his own

September 18, 2006

Built to Last Construction Hammering away at his own business After 18 years working for others, contractor strikes out on his own Bradley Ford is a true, hands-on owner. “I really like working with my hands. I couldn’t stand working behind a desk,” said Ford, 40, who founded Built To Last Construction in 2000. Starting the business was the culmination of a career path he started in 1982 as a 16-year-old student at Perry Meridian High School and the building…

VOICES FROM THE INDUSTRY: What you should know about Life Settlements

September 25, 2006

One fairly new investment that has gained attention in recent years is the Senior Life Settlement. What are Senior Life Settlements? Life Settlements evolved from the Viatical industry in the 1990s, when people diagnosed with terminal illnesses such as AIDS, usually facing life expectancies of three years or less, sold their life insurance policies on the secondary market to cover costs of their health care. These types of investments have gradually increased over the years and have paved the way…

Minority-owned contractor Mezzetta Construction downsizes dramatically

September 25, 2006

Mezzetta Construction Inc., one of the city’s largest minority-owned businesses and a contractor on the Lucas Oil Stadium project, is downsizing its staff and auctioning off its office and construction equipment while struggling with financial difficulties.

SPORTS: Football triple-header has its highs and lows

September 25, 2006

There’s nothing better than Friday night at a high school football game. Unless it’s Saturday afternoon at a college football game (even if it is Indiana University). Or Sunday afternoon at an NFL game. Then again, how about all the above on an idyllic late-summer weekend? So, my wife, Sherry, and I set out for a tripleheader gridiron adventure. And before I proceed, let me say it’s terrific to have a bride who will happily endure three football games in…

Chamber of Commerce explores casino recommendation

September 25, 2006

To shore up local government’s enormous financial shortfalls, the Greater Indianapolis Chamber of Commerce has begun investigating whether it wants to push for a downtown casino–a politically explosive idea that would face widespread opposition.

EYE ON THE PIE: Who is watching Hoosier journalism?

September 25, 2006

I recently attended a lecture on renal problems of penal populations. The study of kidney disease among prisoners has been a fascination of mine since I started watching James Cagney movies. The next day, I thought I would break out in liver spots when I read the newspaper account. The central points of the lecture were missed as the reporter bore down on other interesting, but tangential, issues. No doubt some of prisoners’ kidney problems are the result of specific…

VOICES FROM THE INDUSTRY: High gasoline prices sometimes difficult to understand

September 25, 2006

Just who or what is it that sets the price for a gallon of gas? Well, gasoline station owners of course. Whether it’s a momand-pop station or part of a large chain, the owner looks at prices up and down the street and changes the signs accordingly. These owners know what everybody else around them is charging, and they also know what their supplier is charging them for their wholesale supply. What about the wholesale price? Its set in a…

Ivy Tech to host SBDC: State hopes partnership will end instability, help local center shine as consultant

September 25, 2006

The Central Indiana Small Business Development Center hasn’t exactly been a pillar of stability that budding entrepreneurs seeking its advice could emulate. The entity, part of a statewide network of 11 such centers that counsel fledgling businesses, has struggled to find a permanent home-and a capable director-for five years. But state officials, eager to end the strife, have stepped in to lead a reorganization they hope will return the center to prominence within the local small-business community. For starters, Ivy…

BEHIND THE NEWS: Another daunting challenge for veteran exec Cornelius

September 25, 2006

Anyone surprised that at age 62, Jim Cornelius would take on the bruising job of leading embattled drugmaker Bristol-Myers Squibb shouldn’t be. After all, the Zionsville businessman has surprised observers before. This is an executive who 12 years ago gave up one of the top jobs in corporate America-chief financial officer of Eli Lilly and Co.-to become chairman of Guidant Corp., then a much-maligned collection of medical-device firms that Lilly was spinning off into a stand-alone company. A risky move,…

Kite, Mansur, White pitch airport hotel

September 25, 2006

Three developers are vying for the chance to build a four-story, 250- to 300-room hotel connected to the new $974 million midfield terminal and garage at the Indianapolis International Airport.

Health summit to discuss Latinos:

November 6, 2006

Obesity, mental health and the “Face of the Latino Immigrant” will be among the topics spotlighted Nov. 17 at the third annual Hispanic/Latino Health Summit in Indianapolis. Dr. Maria Soto-Greene will deliver the keynote address on effectively meeting the needs of the Hispanic/Latino community. Soto-Greene is the vice dean of the University of Medicine and Dentistry of New Jersey. Juana Watson, senior adviser on Latino affairs for Gov. Mitch Daniels, will talk about the health care needs of rural Mexicans…

Green roofs slow to take root in Indianapolis area: Despite an array of environmental and other benefits, initial costs and lack of incentives put lid on their use

November 6, 2006

Green roofs color the skylines in Chicago, Philadelphia, Toronto and other North American cities, but Hoosiers have to look high and low to find similar examples of the plant-filled building tops in Indianapolis. “Most green roofs [in other cities] are on the tops of existing buildings, where here they are [more likely to be found] above an underground parking garage that you might not even be aware is there,” said Mark Zelonis, director of the gardens and grounds at the…

Some say Wheeler Mission hurts neighborhood’s potential

November 6, 2006

A fall merger of two Indianapolis homeless shelters set off a new round of speculation about whether Wheeler Mission Ministries Inc. will continue to operate out of its 245 N. Delaware St. location–a stone’s throw from multimillion-dollar redevelopment under way on Massachusetts Avenue.

Century-old landmark building gets new life as condos: Former Ashantii Ballroom renovated into 11 units

November 6, 2006

He lived in the south Broad Ripple house 11 years, rented it out for another 11, then sold it for three times what he paid for it. Today, McMichael, 43, owns a dozen rental properties around Indianapolis, plus the well-known Rathskeller Restaurant downtown. And recently he’s turned his real estate eye to 16th and Alabama streets where he’s converting the former Ashantii Ballroom into luxury condominiums. “I learned years ago with that first house the power of real estate,” Michael…

SPORTS: IU’s Sampson prepares for his toughest audience

November 6, 2006

CHICAGO-Yes, Kelvin Sampson has the job. It’s been his since March. Nonetheless, the audition begins next week in Conseco Fieldhouse, when his IU Hoosiers basketball team opens the preseason NIT against Lafayette. Sampson will need to be into multi-tasking. Coach his team. Rise to stratospheric expectations. Restore reputations. Quiet the critics who can’t get over the fact that he arrived with baggage that included more than his clothes. And, just win, baby. That will take care of virtually all of…

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