Articles

Shopping malls brace for wave of consolidation

There’s a hunger in the retail industry for lower-tier, “B” shopping centers, seen as a bargain by potential owners. A $4.3 billion deal in the works involving a Simon Property Group spinoff could trigger more transactions.

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Greenwood eyes more land for development along I-65

Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.

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Two downtown office towers changing hands

The 36-story Regions Tower is selling in a negotiated transaction, and the 30-story Market Tower is getting a new owner via a loan default. They are among downtown’s largest office complexes.

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Simon estate in Carmel hits market for $25 million

The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.

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Good Earth exits appeal of Broad Ripple project

The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.

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