The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
The 1,212 acres slated for disposal are valued at $83 million and could generate annual tax revenue of $1.7 million, according to the airport’s own estimates.
Indianapolis-based Simon Property Group Inc. said it has accumulated a 3.6-percent stake in shopping mall rival Macerich Co. and wants to buy more shares.
The new Red Cross building on North Meridian Street will be about half the size of what the not-for-profit originally proposed, leaving space for another development on the property.
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.
The Indianapolis-based mall developer is planning to build on 50 acres near Interstate 65 and Whitestown Parkway in Boone County, sources say, and could have a deal finalized early next year.
The apartment developer will spend $2.5 million to rehab the vacant building along Virginia Avenue as part of a project that will include 2,400 square feet of retail space.
The top of Market Tower is wearing blue in honor of the Colts, Regions Tower sported a pink wrap last month, and lights are back at the Scottish Rite Cathedral’s tower after a two-year hiatus.
Since David Simon became CEO in 1995, Simon Property shares have posted a total return of 2,150 percent—a dazzling run extending nearly two decades.
A developer that planned to open a $22 million hotel and indoor sports complex in Greenwood has officially suspended those plans after failing to find funding.
Eleven underperforming locations in all will be eliminated by the Minneapolis-based retailer, it announced late Tuesday.
The shopping center company, which was spun off from Simon Property Group Inc. in May, earned $38.8 million, or 21 cents per share, in the third quarter.
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It’s the company’s first retail project since the recession.
The real estate company’s loss of $16.4 million in the third quarter was due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust in July.
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
Decades-old barriers to development are beginning to fall in Holy Cross, attracting more residential and commercial construction.
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
