Indianapolis Real Estate

There are two real estate developers named Chris White in Indianapolis. They’re both 50 years old. That’s where the similarities end.

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One Chris White, formally known as Christopher P. White, has been in the news lately. This Chris White’s businesses have financial problems aplenty. White’s company, Premier Properties USA, last week lost control of its signature local property, Metropolis in Plainfield, and nine others after defaulting on $160 million in loans. Another of his companies was ordered to surrender its corporate jet. Bankers, contractors and many others are out to collect from White’s businesses. This Chris White, who did not return calls for comment, has blamed the overall economic slowdown for his woes.

from The Indianapolis Star

The oft-delayed 16 West development in Pooler will be delayed even longer.

The planned development was auctioned last week in Indianapolis because its developer, Premier Properties USA, was unable to pay its debts. There were no bidders for 16 West or any of the other nine Premier Properties developments, so the ownership of the properties reverted to the mezzanine lender, Dominion Capital Management LLC. “We acquired the ownership, not the real estate,” said William J. Armstrong, general counsel for Atlanta-based Dominion Capital. “We indirectly own the real estate, and through that acquisition we control the real estate.” Premier Properties had a “mezzanine” loan with Dominion Capital.

from Savannah Morning News

In a state he has called a potential “tiebreaker,” Sen. Barack Obama on Wednesday predicted victory in the Indiana primary, despite an electorate that closely mirrors states where he has recently suffered sizable losses.

The day after Sen. Hillary Clinton easily beat him in Pennsylvania, Obama set high expectations for himself in the two May 6 primaries in Indiana and North Carolina.
Clinton’s campaign, meanwhile, reported being on track to raise $10 million during the 24 hours following her win, money she desperately needs if she is to remain viable against Obama’s Internet-fundraising machine.
As the Indiana campaign moved into a higher gear, there is little question the Illinois Democrat has some advantages because of his status as a neighbor.

from Chicago Tribune

The Democratic nominating contest is now centered in North Carolina and Indiana, which hold primaries May 6. To win Indiana, taking the northwestern region the five counties nearest Chicago is critical. There are more votes here than any region in the state, excluding Indianapolis.

The issue that dominates the presidential campaign is the one that has ruled life here for years: how to survive in a manufacturing economy that has been gutted, in many voters’ views, by foreign trade agreements.
No wonder Clinton is headed to Gary on Friday in her third trip to the state’s northwestern corner.
On paper, this region looks as if it would favor Obama — but there are obstacles here for both candidates, including mastering the challenges of an area with a large proportion of black and Latino voters and a heavy union presence.

from USA Today

INDIANAPOLIS - Delays in property tax bills across the state this year are expected to cost taxpayers millions of dollars.

Officials say property tax bills will be late this year because most counties have yet to submit information the state needs to set rates, The Indianapolis Star reported Wednesday.The delay in collecting 2008 taxes, as well as holdups in last year’s bills _ only recently straightened out after a reassessment _ could cost taxpayers in Marion County $30 million to $50 million, officials estimate.

from The Times of Northwest Indiana

Obama retains the edge in grassroots support in the next crucial primary state. But Clinton has the endorsements

from Time Magazine

MILWAUKEE COUNTY Passenger jet makes emergency landing An American Connection flight bound…

from Milwaukee Journal Sentinel

Nine Democrats are seeking their party’s nomination for three at-large seats on the Harrison County Council. (The four district seats will be up for election in two years.) The top three Democrat vote-getters on May 6 will face the Republicans in the November General Election.

The seven-member council is responsible for setting budgets presented by the county commissioners and appropriating additional funds throughout the year as necessary for all county officers, boards and commissions.
Democrats
Kyle Byrne
Address: Corydon
Spouse: Brandie (Koons) Byrne
Children: Kylie, 3, and Kellsie, 1-1/2 months
Occupation: Network engineer, Louisville Metro Government
School and year graduated: North Harrison High School, 1997
Additional education: While in the military, I attended Computer Networking Technical School. I’m scheduled to finish my Computer Management Information Systems Bachelor’s Degree in December 2008.
Political affiliation: Democrat
Previous political experience: This is my first time running for public office.

from Corydon Democrat

Hillary Clinton and Barack Obama will continue to wrestle for the Democratic nomination at least until the Indiana and North Carolina primaries on May 6, when Obama is expected to win substantially in the last Southern contest and the two appear headed for a tight race in the Hoosier State.

In the meantime, Clinton will have to grapple with the more pressing issue of money. Not only is Clinton being vastly outspent by Obama, her campaign has been running in the red. In the days leading up to Tuesday’s primary, Clinton operatives emphasized that Obama outspent them nearly three to one in Pennsylvania. The Clinton team was trying to turn a problem into a plus, painting her as an underdog candidate who has what it takes to win tough races in crucial swing states. In Indiana, Obama’s financial advantage allowed him to start his television advertising weeks ahead of Clinton.

from The Washington Examiner

Nash Finch Co., Edina, declared a regular quarterly cash dividend of 18 cents per share of common stock. The dividend is payable May 30 to shareholders of record on May 16.

NEW PRODUCTS HighJump Software, Eden Prairie, a 3M company, announced the release of HighJump Supply Chain Advantage suite 10.0.
PERSONNEL Adayana, Edina, named Mike Jackson president and chief executive officer. Jackson is the founder and head of Indianapolis-based ABG Inc., which was acquired by Adayana in 2005.
Analysts International Corp., Edina, named Walter (Mic) Michels interim chief financial officer. Michels is the company’s controller and assistant treasurer. Analysts will seek a permanent replacement for former CFO David Steichen, who left AIC in March as the result of a management restructuring.

from Minneapolis-St. Paul Star Tribune