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Real estate club members gain industry knowledge: Indiana University organization enjoys growth spurt

April 24, 2006

As the new headquarters building for Simon Property Group Inc. was going up downtown last fall, a group of Indiana University students donned hard hats and toured the 13-story building. After riding the construction elevator to the top floor, students got a bird’s-eye view of the city and a firsthand account from the developers about the building’s cost, size and challenges in constructing it. The students were members of the IU Real Estate Club, and the tour of the 350,000-square-foot…

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns

April 24, 2006

On April 14, as part of its Power Breakfast Series, the Indianapolis Business Journal gathered a panel of commercial real estate and construction experts to discuss industry conditions in the local market. In a discussion moderated by IBJ Editor Tom Harton, panelists took on a wide range of issues, including tax incentives and the status of downtown’s residential and retail markets. Power Breakfast guests were Mike Curless, executive vice president and principal with Lauth Property Group; Mike Wells, president of…

Ending overdue: Library shows progress amid legal tussle

April 24, 2006

There’s finally visible progress on the city’s Central Library expansion project. But the litigation over who’s responsible for its construction problems still has no end in sight. City-County Councilor Isaac Randolph is frustrated. So he wrote a proposal to order all the players in the Indianapolis-Marion County Public Library’s legal dispute to enter binding arbitration. “I’m trying to find a resolution to what’s clearly become an embarrassment to the citizens funding this,” Randolph said. “I’ve lost confidence in the leadership…

VOICES FROM THE INDUSTRY: As construction costs rise, older buildings gain appeal

April 24, 2006

Construction costs continue to rise in the wake of hurricanes, tornadoes, the war in Iraq, the building boom in China and general inflation. The trickle-down effect often lands at the feet of small business owners. According to the U.S. Bureau of Labor Statistics’ Producer Price Index, prices for materials and construction components increased 0.3 percent in February, following a 1-percent hike in January and continuing a threeyear upswing. The average building cost index has increased about 45 percent since 1995,…

VIDEO GAME with a message: Local game designer Gabriel Entertainment mixes health education with virtual fun

April 17, 2006

VIDE GAME with a message Local game designer Gabriel Entertainment mixes health education with virtual fun Few teen-agers would thrill at the prospect of an anti-smoking lecture. But if the same message were embedded in a video game, they might perk up and take notice. Indianapolis-based Gabriel Entertainment is counting on it. The company is just a few weeks away from completing the prototype of its new title, “Ocean Secret.” Aimed at pre-teen and teenage girls, the game is a…

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

April 17, 2006

“They’re not the most communicative people in the world, so I don’t really have a good reason, other than the fact that I think at one point they thought they had a group of doctors to operate the clinic with, and it fell through,” said Jack Hogan, a senior vice president for Indianapolis-based Lauth. Forest Health corporate attorney Marie Paratto referred questions to Laurence H. Lenz Jr., an A bariatric surgery center built for roughly $11 million a couple years…

RETURN ON TECHNOLOGY: At home with that old computer? Prepare to be frustrated

April 17, 2006

Microsoft is yanking our chains again, and it’s your fault. Oh, perhaps it’s not your fault personally, but you’ve contributed-as has almost every businessperson in the world. We all buy Windows machines, then use Windows software on them. In return, Microsoft treats us to heaping piles of frustration, like when the company recently said that, contrary to prior announcements (and mine a few weeks ago in this space), some versions of the new Windows Vista operating system won’t be available…

Binford med center making headway

April 10, 2006

The building skeleton planted recently at the corner of 65th Street and Binford Boulevard offers only a hint of the $29 million medical complex Ken Schmidt wants to grow there. The Indianapolis developer will add four more buildings and a separate pharmacy to the 17 acres of land he bought several years ago. The end result, he said, will be a medical plaza that offers a unique blend of services encompassing dental work, radiology and ambulatory surgery, among other specialties….

Atlas draws Fresh interest: Upscale grocery chain with a store in Carmel considers local expansion

April 10, 2006

North Carolina-based The Fresh Market Inc. has confirmed it’s interested in the former Atlas Supermarket site at 54th Street and College Avenue. “We are looking at expanding in that area and we’re looking at a lot of sites,” said spokesman Eric Blaesing. “[The Atlas site] is one of them.” He added that nothing is definite and “for every 100 sites you look at, you end up with one of them.” N e i g h b o r s hope…

Shared patient rooms in hospitals soon to be history: Guidelines call for private quarters in all new facilities

April 10, 2006

New guidelines due out in June will call for newly constructed hospitals to come equipped with all private patient rooms, the first time such a minimum requirement has been issued. The guidelines, published every four years by the Facilities Guidelines Institute and the American Institute of Architects’ Academy of Health, are used by nearly 40 state governments-including Indiana-to set regulations, approve construction plans and license hospitals to operate. And hospitals nationwide-including those in Indiana-are expected to embrace the guidelines that…

EYE ON THE PIE: School projects create winners and losers

April 3, 2006

Strange it is that Indiana newspapers are atwitter with concern about changing the clocks. One would think this is some terrorist threat. All Indiana counties will go to daylightsaving time, which will be a novelty for the majority of us. Some counties now on Eastern time will switch to Central time and not have to change their clocks until October (Central Daylight Time being the same as Eastern Standard Time). The time switch is a non-event. It is an unnecessary…

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

April 3, 2006

The long-discussed trail will loop through downtown and cost $35 million to $42 million. All the money will come from federal transportation dollars and private contributions. “The trail has been officially approved,” said Brian Payne, president of the Central Indiana Community Foundation, the project’s lead managing partner. “It’s definitely a project that’s going to happen now.” Tourism officials greeted the news with enthusiasm. It’s a “huge win for White River State Park as well as the city,” said Bob Whitt,…

IMG faces licensing woes in Sunshine State: Florida regulator denies application over policy sales; Indianapolis firm blames paperwork snafu

April 3, 2006

Indianapolis-based International Medical Group Inc. has incurred the wrath of Florida regulators who accuse it of trying to sell policies in their state without a license. However, an IMG representative says the allegations stem from paperwork problems and the lobbying of a disgruntled excustomer turned “cyber stalker.” Founded in 1990 with four employees, IMG now employs 220 in offices in Indianapolis and Great Britain. The company administers insurance policies for U.S. citizens living or traveling overseas. It also provides coverage…

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

April 3, 2006

Indiana Avenue looks for revival Cultural plan stresses retail, residential growth, and a possible extension Indiana Avenue’s glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize the city’s newest cultural district could restore some of the luster. City leaders completed the blueprint for redevelopment early this year and now are in the early stages of executing a plan that organizers say could take 20 years to play…

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

April 3, 2006

A team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools…

National City Center to get $11 million facelift: Projects include new Starbucks and restaurant

April 3, 2006

National City Center and anchor tenant Hyatt Regency Indianapolis plan to pump more than $11 million into the aging, 16-story building to boost its competitiveness with other downtown towers. The plans might grow to include connecting the building to the Artsgarden at the corner of Washington and Illinois streets. The Hyatt Regency, which occupies a wing of the National City Center, plans an $8.5 million renovation that will include the addition of 10,000 square feet of meeting space, a Starbucks…

Web sites drive business 24/7:

March 27, 2006

Define your objectives Before investing in a design, decide what you want to accomplish. For example, you may be trying to: Let people know about your company. Your Web site establishes credibility by providing customers and prospects an introduction to your firm. Develop a research tool. Online surveys help gather information regarding customer preferences, interests and market trends. Operate a retail shop. Some sites offer customers the opportunity to collect information, view pricing and shop online. Extend your customer-service department….

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

March 27, 2006

Owners of building projects in central Indiana need not worry about laborers from certain organizations showing up for jobs with bloodshot eyes or slurred speech. Audits conducted on drug- and alcoholabuse testing programs operated by some of the state’s labor groups confirm what most in the industry say they already knew-that the system is working. The inspections were done at the urging of the Metro Indianapolis Coalition for Construction Safety, a local voluntary program of construction contractors, subcontractors and the…

VOICES FROM THE INDUSTRY: Green building trend should be here to stay

March 27, 2006

Trends come and go all the time in the architecture and construction fields. But one movement that is proving to be steadfast and is gaining momentum is called “green architecture.” Simply stated, it is the effort to minimize the effect of new and refurbished buildings on their environment. The green approach to building design is often seen by many as merely focusing on the recycling of building materials, but in fact addresses multiple aspects of the construction process. Green design…

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms

March 27, 2006

The director of the entity in charge of the Colts stadium project conceded it will need to reach beyond central Indiana to fulfill aggressive minority-contracting goals attached to the structure’s construction. The General Assembly passed legislation last year directing the Indiana Stadium and Convention Building Authority to grant 15 percent of contracts to minoritybusiness enterprises and 5 percent to women-business enterprises. With one-quarter of the contracts awarded, the ISCBA is close to achieving its minority goals, but is only about…

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Articles

Real estate club members gain industry knowledge: Indiana University organization enjoys growth spurt

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns

Ending overdue: Library shows progress amid legal tussle

VOICES FROM THE INDUSTRY: As construction costs rise, older buildings gain appeal

VIDEO GAME with a message: Local game designer Gabriel Entertainment mixes health education with virtual fun

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

RETURN ON TECHNOLOGY: At home with that old computer? Prepare to be frustrated

Binford med center making headway

Atlas draws Fresh interest: Upscale grocery chain with a store in Carmel considers local expansion

Shared patient rooms in hospitals soon to be history: Guidelines call for private quarters in all new facilities

EYE ON THE PIE: School projects create winners and losers

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

IMG faces licensing woes in Sunshine State: Florida regulator denies application over policy sales; Indianapolis firm blames paperwork snafu

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

National City Center to get $11 million facelift: Projects include new Starbucks and restaurant

Web sites drive business 24/7:

Audits give high marks to drug-testing programs: Labor organization says results show effort is working

VOICES FROM THE INDUSTRY: Green building trend should be here to stay

Stadium project missing diversity goals: Building authority might look beyond city to meet mandates for contracting with minority-, women-owned firms