Indianapolis Business Journal

Building a Business During a Downturn: Tadd Miller

Some of the best decisions we made were aligning ourselves with the best people, whether it's CSO Architects or the Glick family. Tadd Miller Age: 35 Title: CEO Company: Milhaus Development Focus: mixed-use apartments and retail Founded: January 2010 Experience: partner in Kosene & Kosene Residential Education: Ball State University, Indiana Wesleyan University (MBA), Indiana University (law) Family: wife, Julia, son, Ethan, age 4 Hobby: flying planes

Building a Business During a Downturn: Aasif Bade

Despite all the planning and thoughts and imagination and desires, the realities of the market drove me to have a business model allowing for survival in an awful economic downturn. Aasif Bade Age: 30 Title: president Company: Ambrose Property Group Focus: retail, office, mixed-use Founded: November 2008 Experience: brokered more than $500 million in commercial real estate transactions with Duke Realty Corp. Education: Indiana University Family: wife, Tasia; expecting Hobbies: bass fishing, ...

Investors Let Down Guard, Opening Door to Durham Fund

[...]Durham's success in luring so many investors - many of them small-town, blue-collar Ohioans - is strong evidence of the low level of financial literacy in this country, said Mark Maddox, an Indianapolis attorney who for more than two decades has represented investors in disputes against investment firms.

Cornerstone Content with Small Medical Developments

In Jasper, Cornerstone is finishing a $12.5 million, 60,000-square-foot medical office building with an ambulatory surgery center on the grounds of Memorial Hospital & Health Care Center.

Steering Indycar's Future

After seven years as Central Indiana Corporate Partnership CEO, Indianapolis native Mark Miles will leave the organization Dec. 17 to become CEO of Hulman & Co. While Miles will focus on all of Hulman & Co.'s ventures - including real estate holdings and Clabber Girl - his biggest challenge will be turning around the money-losing IndyCar Series and bolstering one of the region's most famous landmarks - the Indianapolis Motor Speedway. Miles, who will work out of an office at the IMS,...

Building a Business During a Downturn: Joe Whitsett

When the recession hit, the federal government started pumping out a lot of stimulus money, and a lot of it went toward affordable housing. Joe Whitsett Age: 53 Title: principal Company: The Whitsett Group Focus: affordable and market-rate apartments Founded: July 2007 Experience: Ernst & Young, Ice Miller, Pedcor Investments Education: Indiana University degrees in accounting and law Family: wife, Julie; son, Tony; daughters, Anna and Elizabeth Hobbies: boating, skiing and fishing in no...

About One in 10 Employers Plans to Drop Coverage

Nationally, more employers are following Indiana's lead in adopting consumer-directed health plans, which combine a personal health savings account or a health reimbursement arrangement with a high-deductible health plan.

Tax Software Upstart Proves Appeal to Major Companies

Collins got the idea that would become AppealTrack after his friend, Henry Hamilton, of Zionsville-based Progressive Property Tax Solutions, asked him to find software to manage property tax appeals for his clients. Landing the Grant Thornton account proved to be a turning point of sorts, to the extent that the firm was a giant in the industry and had sought bids from more-established software firms.

Oil Firm Drilling for $15m

Mini renaissance Indiana production in the Illinois Basin peaked at 12.6 million annual barrels in the early 1950s, according to the Indiana Geological Survey. [...]driving prospects for making money from the Illinois Basin are technologies such as horizontal chilling that can be deployed in existing wells drilled during the last century. Steven Meyer, executive vice president of Midwest Energy, holds up a piece of bread over lunch and points to its pores as the kinds of pockets where crude...

Proxy Corner: Steel Dynamics Inc.

VALUE (Table omitted) NOTEWORTHY CONTROL Capital World Investors Number of common shares: 20,045,668 Percentage of common shares: 9.2 EXECUTIVE COMPENSATION (Table omitted) DIRECTORS Mark Millett, 52 Occupation: co-founder of company, president and CEO of company since Jan. 1, 2012 Number of common shares: 2,882,257 Richard Teets Jr., 57 Occupation: president of company's steel operations Number of common shares: 5,185,683 John Bates, 88 Occupation: CEO of Heidtman Steel Products Number of co...

Lawmakers May Tighten Grip On Gold-Buying Business

McCall photographs everything, but he reports none of it to electronic databases used by law enforcement agencies, and it's all melted down within days, he said. State Rep. Gail Riecken, D-Evansville, intends to file a bill that would require all precious-metals dealers to register with the Secretary of State's Office and local law enforcement, hold goods for seven days, and report their purchases to law enforcement.

Bill Would Crack Down On Convenience Store Safety

A Democrat-sponsored bill would require all late-night convenience stores to include safety requirements such as security cameras and height markers, while imposing stricter rules on retailers that experience crimes. The lighter set of rules mandates that convenience stores have security cameras, drop safes or cash-management devices, lit parking lots, notices saying that no more than $50 is in cash registers, windows with clear views, height markers at entrances, and policies limiting the a...

Deal to Save Racing Show Had Many Twists, Turns

[...]in January, former USAC race team owner and publisher Steve Lewis decided to sell PRI to the California-based not-for-profit Specialty Equipment Market Association. [...]I didn't have a dream of being in the trade show business," Paulsen said. [...]the duo wasn't about to give IMIS away.

Retail, Apartment Blitz Hits Fishers

The plans also call for a 6,400-square-foot retail strip and four outlets with potential for restaurants, banks, a hair salon and other neighborhood users, said Sitehawk Retail Real Estate broker Mark Perlstein, who brokered the Fresh Market deal for owner Sunbeam Development Corp., which is based in Fishers. Booming Fishers Among the notable projects: * Watermark on Cumberland, a 220-unit apartment community, is proposed for the northeast corner of 116th Street and Cumberland Road. * A mixe...

Automakers Satisfy State's Yen for Jobs

In today's inflation-adjusted dollars, that equates to $175 million in incentives for a $1.1 billion plant.\n On the other hand, they saw Bayh, then just 32, as young and charismatic - characteristics that allowed him to rally support in a campaign with few major issues or controversies. Plowing ahead Easterday said he and the rest of the management team ignored the political fallout and focused on bringing Japanese corporate culture to Lafayette. New Honda hires, for instance, must undergo...