Two former guest-services managers at shopping malls in Illinois and Oklahoma have sued Indianapolis-based Simon Property Group, claiming the retail property giant violated the Fair Labor Standards Act.
A decade-long struggle by Zionsville to keep a big-box retailer outside the town’s boundaries might be coming to an end, with the Boone County town on the losing end of the battle.
Experts estimate that several hundred shopping malls could shut down over the next decade after owners relinquish them to lenders rather than make steep loan payments.
Chuck Lazzara, who owns the Ritz Charles with his wife, has revealed plans for Monon and Main, a mixed-use project on the southwest corner of Main Street and the Monon Trail.
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
A Missouri development company is considering building a $32 million distribution center in northeast Indiana—its latest big development in the Hoosier state.
The Pogue’s Run food cooperative on the city’s east side is discussing whether to put down stakes a few blocks away in the Clifford Corners mixed-use development.
Progress on redeveloping part of the old General Motors stamping plant land into a downtown concert venue appears to have hit a stumbling block over financing, an official for the RACER Trust told Indianapolis City-County Council members Monday.
The area, called the Purdue Innovation District, will be developed by the Purdue Research Foundation and Indianapolis-based Browning Investments. Plans call for up to 7 million square feet of new developments.
At least one industry analyst that follows Indianapolis-based Kite Realty said a union between the two companies wouldn’t make sense, given that most of Kite’s properties are strip centers and WP Glimcher’s are shopping malls.
The challenge, according to an author of a study of pedestrian-friendly cities, is picking up ground on the dozens of major metro areas that also are making walkability a higher priority.
Indianapolis-based Kite Realty Group Trust is in merger talks with fellow retail landlord WP Glimcher Inc., Reuters reported late Wednesday, citing people familiar with the matter.
The revamp of the 622-room Marriott is meant to bring the hotel up to the same standards as the JW Marriott a block to the west. The latter’s owners have agreed to buy the former for $165 million.
Responsible for a portion of downtown’s apartment boom, the developer hopes relocating to Regions Tower will attract the younger workforce it’s helping bring to the urban core.
More than $235 million worth of development is anticipated or already under construction along the roadway through Carmel and Westfield—and that doesn’t include a handful of the projects with undisclosed costs.
White Lodging Services Corp. and REI Investments have a contract to acquire the 622-room Indianapolis Marriott Downtown hotel, the owner said Thursday.
Pittman Partners LLC had proposed a $90 million, mixed-use project known as The Farm near the southwest corner of U.S. 421 and Sycamore Street. It recently withdrew from the project, and a new developer is being sought.
The decision by Pittman Partners principal Steve Pittman is the latest sign of strife among siblings of Dr. John Pittman, a Carmel developer who died in 2014. Another sibling, Mark Pittman, now is leading efforts to line up an alternative developer.
The board followed an outside committee’s recommendation to accept Hendricks’ proposal to redevelop the land at College and Massachusetts avenues. The vote was not without debate, however.
