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Entrepreneur grows local autism center: With new building, center looks to triple in size

January 21, 2008

He started his own business and has grown it 17 percent a year. Now, Indianapolis entrepreneur Jeff Medley is using his know-how to ramp up a not-for-profit autism therapy center he helped found in the summer of 2003. As president of the Verbal Behavior Center for Autism, Medley led the center’s move to a larger building near 96th Street and Keystone Avenue Nov. 1. Now the center is adding students as fast as it can hire therapists to work with…

Former RCA industrial site to get $20M rehab

January 21, 2008

A Bloomington company that revived a former Thomson Consumer Electronics/RCA plant in that city is taking a shot at redeveloping
one of the largest industrial eyesores in Indianapolis, also a former RCA complex. Pinnacle Properties plans to spend $20
million redeveloping the 13-building property northwest of Sherman Drive and East Michigan Street.

Lawmakers call for advocate to support airline passenger ‘rights’

January 21, 2008

Northwest Airlines flight 1829–stranded on a Detroit taxiway for seven hours with lavatories overflowing and the 198 souls
aboard without food or water–has now landed at the Indiana General Assembly. Two Republican lawmakers have proposed creating
an “airline consumer advocate” to resolve disputes on behalf of passengers who’ve endured poor service.

Westfield hopes to draw business farther north: New development could reduce residential tax rates

January 21, 2008

Back when they arrived in 1996, there were lots of open spaces and taxes were low, Jones said. “Overall, it was a good place to live,” he said. Jones said he still loves living in Westfield, which is 20 miles north of Indianapolis. But he admits things are changing, which is a double-edged sword. Eight years ago, according to the U.S. census, Westfield had just 9,300 people. Now, it’s a rapidly growing city with a population of 24,000, an increase…

Upscale mainstay Glass Chimney ending its 32-year run

January 21, 2008

Lured to America in 1967 by brothers who owned restaurants in Cincinnati and Indianapolis, Dieter Puska has spent the past
32 years–nearly half his life–as owner and chef of the elegant Glass Chimney restaurant in Carmel. So it was a bittersweet
moment when he told his employees this month that he is hanging up his chef’s coat and giving up his 70-hour workweeks to
retire.

Court rules against former Conseco director

January 22, 2008

The Indiana Court of Appeals yesterday upheld an $8 million judgment that Conseco Inc. won against former director James D. Massey, who once was president of Merchants National Bank in Indianapolis. In the 3-0 decision, the court agreed with Hamilton County Judge Steve Nation, who declared that Massey still owed Conseco for $8 million in […]

New students, locations propel ITT profit

January 24, 2008

ITT Educational Services Inc. reported today that fourth-quarter profit shot up 18.6 percent, to $48.5 million, on rising enrollment and the opening of new locations. The Carmel-based operator of technical schools said revenue was $230.4 million, up 11.7 percent from the year-ago period. The $1.20 per share in profit exceeded the $1.17 anticipated by analysts […]

Woods Industries in Carmel to close

January 25, 2008

Carmel-based Woods Industries Inc., which manufactures and imports electrical products, is being closed, according to a notice posted by the Indiana Department of Workforce Development. The closing will result in displacing 68 workers by April 25, the notice said. Woods was acquired in November by Coleman Cable Inc. of suburban Chicago. Coleman manufactures electrical and […]

Busy year, no whoppers: Deals were numerous in 2007, but lack of blockbuster holds overall price tag down

January 28, 2008

The Indianapolis area didn’t experience a monster-size business transaction in 2007 like it has in recent years, but that doesn’t mean the deal-makers weren’t busy. IBJ’s annual list of Big Deals tracked more large business transactions involving Indianapolis-area companies than ever before in 2007, even though the total dollar amount of the deals was dramatically lower than the previous year’s. Deals compiled by the Indianapolis Business Journal that closed in 2007 totaled $23.4 billion, well below the $38.5 billion posted…

Local builders slash jobs, offices to survive housing slump

January 28, 2008

At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.

Indianapolis entrepreneur finds way to combine exercise and work

January 28, 2008

Jerry Carr studied turf at Purdue University-how to grow some of Mother Nature’s best and how to design the artificial kind. After graduation, his jobs mostly kept him outside and active. But when he moved into a desk-bound sales job in 2006, he noticed more than the inevitable weight gain. “I couldn’t wait to exercise at the end of each day,” said Carr, 47. Feeling restless and unfocused, he brought a treadmill into his office. But he found that switching…

BEHIND THE NEWS: Pending IPOs bode well for tech startups of tomorrow

January 28, 2008

Initial public offerings often are bonanzas for company management and other insiders. In the case of Aprimo Inc. and ExactTarget Inc. -two Indianapolis software firms on deck to go public-a throng of local business and technology leaders who provided early financial backing would see a rich payoff as well. Filings with the Securities and Exchange Commission show the companies snared as investors a who’s who of Indianapolis business, from former venture capitalist Bob Compton to financial adviser David Knall and…

Financial crisis offers opening for banks’ market-share reshuffling

February 4, 2008

Market observers rank today’s credit crisis on par with some of the ugliest moments in U.S. banking history. News service
Bloomberg predicted fourth-quarter lending losses could make it “the worst earnings period for the financial industry since
the Great Depression.” Yet amid the carnage, financial institutions are sniffing around for opportunities.

Adesa buys Pennsylvania car auction

February 8, 2008

Carmel-based auto auction company Adesa Inc. said yesterday it has acquired a used-vehicle auction in York, Penn., for an undisclosed price. Pennsylvania Auto Dealers’ Exchange, one of the nation’s largest and oldest independent auctions, will be renamed Adesa. The 140-acre site north of Washington, D.C., has 11 automated auction lanes and an 8,000-square-foot facility for […]

City getting new marathon

February 11, 2008

Organizers for a new Indianapolis marathon and half-marathon think the event will become a national draw, showcasing downtown
monuments and historic neighborhoods. The first Indianapolis Monumental Marathon, to be held Nov. 1, is the brainchild of
Carlton Ray, a former city engineer who worked in the Hudnut, Goldsmith and Peterson administrations.

Illegal immigrant bill hearing tomorrow

February 12, 2008

A hearing about legislation that would penalize businesses that knowingly hire illegal immigrants begins at 9 a.m. tomorrow before the House Committee on Public Policy in the House chamber at the Statehouse. The bill, authored by Sen. Mike Delph, R-Carmel, has passed the Senate, and makes it a misdemeanor for transporting, shielding from detection, concealing […]

Special census nets Carmel millions

February 18, 2008

Special census nets Carmel millions HAMILTON COUNTY – The city of Carmel is clearly one of the fastest-growing in Indiana. But now, thanks to a special census, its leaders know exactly how fast. In just seven years, Carmel’s population has increased 35 percent. As a result, the city will receive an extra $3.5 million in […]

Latest real estate headlines

February 19, 2008

It’s a busy week for real estate news. Here are a few headlines:

Circuit City closes Clay Terrace store
Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit…

Boone County spat could be nearing end

February 20, 2008

An agreement could be near in the long-running dispute between the towns of Whitestown and Fayette in Boone County. County commissioners are considering signing a compromise that would dismiss a lawsuit brought against the county last year by Whitestown and Carmel developer Brenwick Associates LLC, according to the Lebanon Reporter. The suit challenges the incorporation […]

Illinois bank opens first Indiana office in Carmel

February 20, 2008

Mercantile Bancorp Inc., a Quincy, Ill., holding company with locations in four states, plans to open a loan-production office in Carmel as the bank’s entry into Indiana. Headed by former First Indiana Bank Vice President Kevin Murphy, the office will focus on business loans of $5 million to $15 million. Mercantile CEO Ted Awerkamp said […]

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8,697 results for 'Carmel'

People

Kurt Beier

Articles

Entrepreneur grows local autism center: With new building, center looks to triple in size

Former RCA industrial site to get $20M rehab

Lawmakers call for advocate to support airline passenger ‘rights’

Westfield hopes to draw business farther north: New development could reduce residential tax rates

Upscale mainstay Glass Chimney ending its 32-year run

Court rules against former Conseco director

New students, locations propel ITT profit

Woods Industries in Carmel to close

Busy year, no whoppers: Deals were numerous in 2007, but lack of blockbuster holds overall price tag down

Local builders slash jobs, offices to survive housing slump

Indianapolis entrepreneur finds way to combine exercise and work

BEHIND THE NEWS: Pending IPOs bode well for tech startups of tomorrow

Adesa buys Pennsylvania car auction

City getting new marathon

Illegal immigrant bill hearing tomorrow

Special census nets Carmel millions

Latest real estate headlines

Boone County spat could be nearing end

Illinois bank opens first Indiana office in Carmel