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INVESTING: Keeping an eye out for the next great chief executive

A client’s question recently struck me as a great thing to think about in the new year. The client wondered who would be the next Warren Buffett or Sandy Weill. The stock market exists to provide capital for industry, and in turn industry has to provide an acceptable rate of return on that capital. On a historical basis, we can easily measure the rate of return for any public company and anyone running a public company. Hence the question of…

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Wal-Mart nears deal on city’s northwest side: Neighbors hope retail behemoth will revive corridor

Wal-Mart Stores Inc. is said to be getting closer to selecting a site in the Lafayette Square area for a SuperCenter, a move retail experts say would be a boost for the struggling commercial corridor. The world’s largest retailer has scouted the area around 38th Street and Lafayette Road for at least a year, but a decision on a site could happen in the next few months, according to several real estate sources. Unlike the situation surrounding a proposed SuperCenter…

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Weight center waits: Bariatric surgery hospital had been scheduled to open in mid-2004

Michigan-based Forest Health Services LLC launched plans in 2003 to build a two-story inpatient bariatric hospital at Intech Park off 71st Street and then applied a year ago for a license to operate it. The hospital would treat people with severe weight problems. Workers completed most of the construction on the 37,000-squarefoot building last spring, but little has happened since. A letter filed last January with the Indiana State Department of Health said Forest Health anticipated a June or July…

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Hamaker plans

“It’s just a building that hasn’t had any TLC in 30 years,” he said.

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The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Group’s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a…

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Around town retail roundup

More Mini-Medical Clinics Coming. A Tennessee-based company that operates small healthcare centers in nine states plans to open so-called Little Clinics in at least three local Kroger grocery stores. It filed plans this month to open the roughly 300-square-foot clinics…

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Too self-serving?

Property Lines

Mr. Schouten does what every reporter should do: He tells his readers things they don’t already know. He does it with quick hits – two or three sentences about the latest land deal, the newest restaurant or the…

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Should Simon be afraid?

Conservative groups are threatening to boycott the hundreds of malls owned by locally based Simon Property Group over the company’s decision to not renew the lease for a kiosk called Free Market Warrior Concord Mills Mall.

kiosk is essentially a billboard,…

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