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Rubicon  was founded in 2003 by two Hoosier natives passionate about what people come to call home. Since inception, Rubicon has expanded from flipping student rentals on Indiana University’s campus to building luxury custom homes and developing, constructing and managing commercial developments across multiple states.

As Rubicon’s portfolio has grown and diversified, so has our team. We have grown from a pair to a full team of principals and staff working on behalf of our family of companies in construction, maintenance, accounting, property management, development, brokerage and more.

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J. Michael Eaton is a founder and principal of Rubicon, overseeing all the financial and operational aspects of the company’s subsidiaries, affiliates, and portfolio. With over twenty-five years of commercial and residential construction experience, Eaton strives to help his clients meet their goals in building, developing, and managing. Eaton’s additional expertise in real estate investments, consulting, and business acquisitions provides Rubicon clients with an array of service options.

Eaton earned his Masters of Business Administration from Indiana Wesleyan University. A Certified Green Builder (NAHB) and licensed real estate broker, he has served as a board member of the Monroe County Apartment Association and serves on the Bloomington Chamber of Commerce Advocacy Council as well as the Bloomington Economic Development Corporation. In addition to his numerous professional memberships, Eaton is deeply involved in his local community. Whether by volunteering through service organizations or by coaching baseball and football to area youth, Eaton is committed to fostering meaningful connections. His former career as a flight paramedic and emergency medicine instructor at Indiana University’s School of Medicine honed his analytical and critical thinking skills, especially in high-stakes situations. His ability to quickly earn trust among his patients, care team, and students has carried over into his leadership at Rubicon. Eaton’s dedicated work ethic, entrepreneurial spirit, and passion for helping others enabled the launch of the first Rubicon venture in 2003, and has since, propelled its growth into the business it is today. 

Matthew G. Nolley is a principal with Rubicon Development Group and its related companies. Mr. Nolley’s duties include development, asset management, finance, investor relations, and general counsel.

Mr. Nolley is also a partner at Dentons Bingham Greenebaum LLP where he serves as legal counsel to developers and owners of residential and commercial real estate across the United States. Mr. Nolley has assisted clients in bringing thousands of residential units and millions of square feet of retail, office and industrial products to market via projects ranging in size from $1M to more than $100M.


Mr. Nolley graduated from Purdue University with a Bachelor's Degree in Organizational Leadership. He then went on then to receive his JD and MBA simultaneously from Indiana University. Mr. Nolley is the past President of Riley Area Development Corporation, a Member of ULI Indiana, a Member of NAIOP and a Member of the Shelbyville Central Schools Foundation Board.



Kevin R. Powell is a founder and principal of Rubicon with nearly 20 years of experience in construction, development, and realty.  Kevin’s passion for people combined with his experience in project management, operations, budgeting, forecasting, and strategic offers a unique blend of leadership, vision, and knowledge. 

His selections to the top 10 Under 40 business professionals by the Greater Bloomington Chamber of Commerce and the top 40 under 40 by Professional Builder Magazine, which is a national publication, are a culmination of years of hard work and dedication.

Outside of the office, Powell serves as the president for the Building Association of South Central Indiana as well as on the Board of Directors for the Indiana Builders Association.   He is also a licensed real estate professional in the State of Indiana.   Kevin holds a Bachelor of Science degree in Management and completed his Master of Business Administration at Indiana Wesleyan University.



Joseph A. Walker has extensive experience in banking, financial services, investment and financial management, accounting and personnel management as well as sales management. Mr. Walker is a former Regional President of Old National Bank with over 32 years of experience. During his time in the financial services business, Mr. Walker managed branch expansion through site analysis, new construction and remodeling. Prior to his banking career, Mr. Walker worked for a large national accounting firm and for an independent grocery distributorship. He is a CPA and a graduate of Indiana University in Bloomington, Indiana. Mr. Walker is also a graduate of the Graduate School of Banking at the University of Wisconsin and of the Indiana University Executive Education Program. He has been active on many community boards in the past and is currently on the Old National Bank Bloomington community board.



Stephen M. Powell has an extensive background in senior management for construction and energy related industries.


Prior to his retirement in June 2015, he was Senior Vice-President of HETSCO INC, whose principal activities include construction, maintenance and emergency repair services worldwide to air separation, cryogenic and energy companies.

Prior to 2002 Powell was Senior Vice President for Indianapolis Power & Light Company with responsibility for design, construction, operation and maintenance of electric generation facilities, strategic planning, power marketing, fuel supply, and engineering. Throughout his 30-year utility career, he has been a member of various professional organizations including the Edison Electric Institute (EEI), the American Society for Testing of Materials (ASTM), the East Central Area Reliability Council Executive Committee (ECAR), and the American Society of Mechanical Engineers (ASME). During his utility career he was also appointed by the Secretary of Energy to serve as a member of the National Coal Council.

Powell currently serves on the Board of Directors of both Bosma Enterprises and the Bosma Visionary Opportunities Foundation. Bosma is a non-profit serving the employment and rehabilitation needs of those who are visually impaired. He has also been a member and Chairman of the Board of Directors for the Indiana Construction Roundtable, and a board member for both the Indiana Nature Conservancy and Crossroads of America Boy Scout Council. Powell is a 1972 graduate of Rose-Hulman Institute of Technology with a Bachelor of Science degree in Mechanical Engineering, and has completed Harvard University’s Advanced Management Program (AMP 158).


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At Rubicon, we pride ourselves on building an inclusive culture. In addition to competitive pay, Rubicon offers health/dental/vision benefits, paid time off, paid holidays and a simple IRA retirement plan. Our team is always interested in talented and hard-working individuals for roles in construction, maintenance, accounting, property management, development, brokerage and more.

Individuals interested in working with our team, should submit a cover letter and resume to



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Rubicon strongly believes in making an impact within the communities in which we serve. As a member of these communities, Rubicon has a genuine interest in intelligent growth and economic prosperity. We are involved with numerous community groups and philanthropic organizations including Habitat for Humanity, Boys & Girls Club, hospital foundations, school foundations, and community development corporations, in addition to numerous local and national organizations.

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