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8,771 results for 'Carmel'

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    Kurt Beier

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Articles

Livable cities? Carmel ‘gets it’: Gramercy, other projects will keep city on a roll

February 27, 2006

Carmel housewife jokes went out of style years ago, but Indy’s wealthy neighbor to the north still takes plenty of heat for being uptight and plain vanilla. Too bad, because Carmel’s recent past demonstrates it’s no soulless suburb. Buckingham Properties’ proposed Gramercy development is the latest sign that Carmel’s leadership knows a thing or two about creating a livable city-even if some of its residents don’t. The Gramercy project, profiled in last week’s IBJ, drew more opposition than support at…

Emerging India: Opportunity or threat?: Indiana businesses brace for growing global competition

February 27, 2006

Opportunity or threat? Indiana businesses brace for growing global competition Next month, President Bush will make his first official visit to India. To most of the American media, it’ll be just one more round of global terrorism discussions with a distant foreign nation, perhaps worthy of a brief. The Indian press knows better. Six weeks ahead of Bush’s trip, banner headlines about it ran in every newspaper. Al Hubbard knows better, too. Friends with Bush since their days at Harvard…

Marsh shares swoon as sale talks drag on: Value of CEO’s stake has been cut almost in half

February 20, 2006

The value of Don Marsh’s stake in the Indianapolis company that bears his family’s name has diminished more than $1 million a month since the company declared Nov. 29 that it was seeking a buyer. Don Marsh, the CEO, owns almost 750,000 shares of Marsh Supermarkets Inc.’s Class A and Class B stock, making him the company’s largest individual shareholder. The price of both stocks has plummeted since the announcement, making his stake worth less than $5 million. It was…

Emerging India: Passage to Bangalore: Hoosiers seek outsourcing and investment opportunities

February 20, 2006

Passage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they’d crossed the globe to pursue business opportunities in…

Standard stock sinks close to crucial mark: As shares hover around $1, company launches effort to raise $25 million

February 20, 2006

Standard Management Corp. shares are sliding into a dangerous price range as the Indianapolis-based company tries to raise $25 million to continue growing its health-services business. The stock price dipped briefly below $1 earlier this month in NASDAQ trading. It rebounded to close at $1.17 Feb. 10 before slipping back to $1 Feb. 15. NASDAQ imposes a $1 minimum bid price for shares to continue trading on its exchange. Market watchers say Standard is in no danger of suddenly being…

Buckingham makes big plans for Carmel: Developer awaits OK on 116-acre urbanist development

February 20, 2006

The makeover of midtown Carmel, driven by the ambitious City Center master plan, could get a boost from a nearby development that could rival the project in scope. Local real-estate developer Buckingham Properties will present its proposal to the Carmel Plan Commission Feb. 21 to transform the 1960s-era Mohawk Hills apartment complex and its golf course into a modern urbanist neighborhood. The development, called Gramercy, could take a decade and hundreds of millions of dollars to complete. The 116-acre tract…

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…

Bank profit see-sawed before sale: Union Fed investors may have tired of volatile performance

February 13, 2006

Union Federal Bank’s profits have gone up and down like an electrocardiogram since a group of elite investors bought a major stake in the privately held institution in 1999. That wildly inconsistent performance likely played a role in the decision by investors to sell the bank, experts say. On Feb. 3, both the bank and its parent company were sold to Bowling Green, Ohio-based Sky Financial Group Inc. for $330 million. The bank had been the thirdlargest in town. After…

Eateries await smoking ban: Some restaurant owners face tough decisions

February 13, 2006

It’s 2:30 p.m. on a Tuesday and the lunch crowd has dwindled enough to give Giorgio Migliaccio time to relax and light up a cigarette at the downtown pizzeria that bears his name. But come March 1, Migliaccio and the majority of other restaurant owners in Marion County no longer will allow smoking. A city ordinance will ban the practice in establishments that allow patrons younger than 18. “I think it will be very hard for the addicted to not…

Hospitals still find room to grow in Hamilton County: More competition doesn’t crowd the market, experts say

February 13, 2006

Clarian Health Partners made a big splash last December in Hamilton County when it opened a 154-bed medical center, but competitors in that market are showing they know how to flex development muscles, too. The county’s three other hospitals all have planned, started or completed expansion projects in the last few years, and those who know the market see plenty of room for more health care. “If you’re in the hospital business, it’s hard to fail in a market like…

SPORTS: Here’s to the last champion of single-class sports

February 13, 2006

Somewhat overlooked at the time because it was (A) girls softball and (B) took place in June, Turkey Run’s 11-7 victory over Center Grove nonetheless remains a lasting testimonial to those who believe the size of the dream should not be diminished by the size of the school. A year later, the dream died for all time when the Indiana High School Athletic Association’s board voted to divide team sports championships into classes according to enrollment. That decision-later affirmed by…

Byrider banging out dents from franchisees: Repairs precede used-car chain’s planned expansion

February 13, 2006

Its image dinged by regulatory actions against J.D. Byrider used-car franchisees in Ohio and Kentucky, Byrider Franchising Inc. is busy culling problem operators ahead of a planned 2006-2007 expansion. The Carmel-based “buy here, pay here” chain with 123 stores in 28 states also said it has spent millions of dollars on vehicle repairs, customer service improvements and more sophisticated underwriting software to reduce loan delinquencies. There were 127 franchised stores operating in 2004, plus another 13 companyowned stores, according to…

Amnesty in concrete case?: Lawyer says company in civil price-fixing case helping prosecutors in criminal investigation

February 6, 2006

One of the seven concrete firms named as defendants in a civil price-fixing lawsuit is helping federal prosecutors gather evidence in a related criminal investigation, court documents reveal. A lawyer for one of the seven defendants in the civil case said in a filing that the 27 contractors and construction firms bringing the suit have the “unique and decisive advantage” of receiving documents and statements from a cooperating individual who could receive amnesty from criminal charges. Court papers don’t say…

Appliance biz heads north: Clark to open Castleton store, compete with H.H. Gregg Fine Lines for high-end customers

January 30, 2006

The high-end appliance retailer Clark Appliance Showcase will open a store practically in the back yard of its closest competitor in early March. Does the move signal a turf battle between two local retailers that cater to homeowners willing to pay luxury car prices for a kitchen? Not really. The local market for products such as $10,000 Viking ranges is growing so fast that executives at Clark and H.H. Gregg think there’s room for both on the northeast side. “It’s…

Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

January 30, 2006

Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon’s Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top…

Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

January 23, 2006

Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon’s Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top…

Home Room Construction: Remodeler’s building plan: Double revenue Company targets homeowners considering do-it-yourself projects

January 23, 2006

Scott Heinemeyer’s business is all about potential. That’s why Home Room Construction tackles many kinds of projects-everything from simple handyman services to complex room additions. After all, what’s the point in limiting the possibilities? “We are a big company that happens to be small right now,” Heinemeyer said of his four-person firm. All told, Home Room finishes anywhere from 200 to 300 projects a year, he said, and revenue is expected to nearly double to $500,000 in 2006. Heinemeyer started…

Appliance biz heads north: Clark to open Castleton store, compete with H.H. Gregg Fine Lines for high-end customers

January 23, 2006

The high-end appliance retailer Clark Appliance Showcase will open a store practically in the back yard of its closest competitor in early March. Does the move signal a turf battle between two local retailers that cater to homeowners willing to pay luxury car prices for a kitchen? Not really. The local market for products such as $10,000 Viking ranges is growing so fast that executives at Clark and H.H. Gregg think there’s room for both on the northeast side. “It’s…

Bike Line, Broad Ripple firm plan Mass Ave purchases: Two sales would be latest in owner-occupant trend

January 16, 2006

Two buildings on Massachusetts Avenue downtown are slated to change hands in coming weeks as two Broad Ripple businesses stake their claims on the resurging corridor. The first deal scheduled to close is the sale of 409 Massachusetts Ave., owned for the last 15 years by advertising firm Young & Laramore. Elizabeth Dillon, owner of RN Specialties, plans to move her growing 10-year-old company and its 21 employees into the 17,000-square-foot building after minor renovations to the ad agency’s former…

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