Marion County Treasurer Michael Rodman is scheduled to deliver an update today on distribution of long-delayed local property-tax bills worth a combined $1 billion. He now expects to put the bills in the mail by June 1. Rodman, a Democrat, will make his presentation to the City-County Council’s Administration and Finance Committee at 5:30 p.m. […]
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
At first glance, the smart way to profit from the real estate downturn seems obvious: Buy foreclosed homes, fix them up and resell them for a profit. After all, there’s no shortage of supply. In February, Marion County alone had 1,640 new foreclosure filings. There’s just one hitch. The strategy that fueled such TV programs […]
House Bill 1338 introduces a change to many (but not all) of our state’s tax incentives, adding what is known as a “clawback” provision, offering a reasonable and fair adjustment to our current tax incentives.
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
For almost 20 years, the Gene B. Glick Co. has been a sleeping giant. The state’s largest owner and manager of apartments spent much of the 1960s through the 1980s building a massive portfolio of apartment communities, mostly for low-income residents. The empire had grown to 100 properties and 18,000 total units across 10 states […]
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come
up with solutions that will be difficult for both Democrats and Republicans to accept.
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.
Markets, no matter how imperfect, not government programs, manage the economy.
Pittsburgh-based PNC Financial Services Group Inc. acquired struggling National City Corp. on Dec. 31 for $5.6 billion. Before their merger, PNC had no presence here, while Cleveland-based National City had 172 Indiana branches, including 75 in the Indianapolis area. PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger, the recession […]
The Indianapolis Art Center works to engage, enlighten and enhance our communities through art education, participation
and observation.
Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan today to keep as many as 9 million Americans from losing their homes to foreclosure. Another key component would specifically help those said to be “under water” – with dwellings whose market value have sunk below […]
|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]
Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]
The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]
EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Thomas G. Deranek $300,000 $300,000 $0 $0 -1.5% Chairman, CEO $0 Terrence M. Decio $290,000 $290,000 $0 $0 -1.5% Vice president, marketing $0 Christopher R. Leader $235,000 $235,000 $0 $0 -1.9% Vice president, operations $0 Bruce […]
Milton Thompson, president and CEO of Grand Slam Cos., recently agreed to work with Indianapolis law firm SweetinBleeke and as vice president of corporate affairs for PinPoint Resources, an Indianapolis-based employment agency. Thompson previously worked with Barnes & Thornburg LLP for nearly three years. Thompson will continue to operate Grand Slam, a locally based sports […]
More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.
