Mall owner that spurned Simon takeover makes $2.3B deal
Macerich Co. has agreed to sell minority stakes in eight U.S. malls for $2.3 billion to Singapore’s GIC Pte and property investor Heitman LLC.
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Roundup: Tap House coming to Greenwood; The Tap opens downtown
The owner of Indiana State Fairgrounds caterer Barto’s has plans for a restaurant and bar in Greenwood in the former Melting Pot location. Also, downtown newcomer Bacon Legs & Turntables has closed “temporarily.”
Shelbyville firm pays $8.6M for North Meridian office park
Evergreen Investment Corp. bought the four-building Waterplace Park from Indianapolis-based Keystone Realty Group, which purchased the property out of receivership in January 2014.
Online car dealer to spend $13.5M to open Whitestown center
New York City-based Vroom plans to lease the vacant 500,000-square-foot former Subaru of America building off Indianapolis Road to the west of Interstate 65. The company hopes to hire 220 employees by 2024.
Two downtown office buildings hit the market
Station Place on South Meridian Street is listed for $10.5 million, and the Indiana University Research & Technology Corp. is accepting bids for its building on the Central Canal.
Broad Ripple apartment project progressing under new developer
J.C. Hart Co. has bought land at the northwest corner of East 66th and Ferguson streets from three local real estate professionals. It plans to build the $17 million Park 66 Flats project on the site.
INDOT demands contractor refund $5M or fix crumbling road
The agency in a letter Friday to Fort Wayne-based Brooks Construction Co. gave the company one week to commit to returning the money or replacing three miles of the Hoosier Heartland Highway near Logansport that was completed in 2012.
$2M revival planned for near-north apartment building
Two local not-for-profits have partnered to buy a dilapidated apartment building along the Meridian Street corridor south of 38th Street that was vacated last November due to health and safety concerns.
Finish Line clocks steady performance in second quarter
The Indianapolis-based retailer of athletic apparel reported profit in its fiscal second quarter of $25.9 million, slightly down from the same quarter a year ago.
The Interview Issue: Steve Pittman
The Hamilton County developer says real estate is a “very competitive” and “very entrepreneurial” pursuit.
VA buys land in Crown Hill Cemetery for columbarium
The Department of Veterans Affairs has purchased nearly 15 acres in the cemetery to establish the columbarium for the cremated remains of veterans, spouses and family members.
Developers pitch two more downtown apartment projects
Buckingham Cos. is proposing to build a 111-unit apartment project on a surface lot north of the Central Library, while a group called Citadel Holdings Co. wants to construct an 80-unit development to the east.
Airport to auction 320 acres of land for development
The land, which the airport authority said it no longer needs for aviation uses, will be sold in tracts to enable the largest possible number of potential buyers to bid.
Large games-oriented bar close to scooping up Circle Centre space
Denver-based Punch Bowl Social, which features old-school pursuits like bowling, billiards, skee-ball and Pac-Man, is nearing a deal to take up to 30,000 square feet of former Nordstrom space.
Another town votes against joining Mounds Lake commission
The Yorktown Town Council voted 6-1 Monday against joining the commission for the propised $450 million Mounds Lake reservoir, a week after a similar rejection by the Daleville Town Council.
Business lunch spots to savor
There’s no shortage of places to have a great lunch in central Indiana. But where do you go to close the big deal? IBJ asked locals where they like to go when it’s all on the line.
DTZ switch to Cushman sows market confusion
Rival brokerage Summit Realty Group has been using the Cushman name through its participation in the Cushman alliance. But it has agreed to terminate that affiliation.
Retailers pen worker wish lists for holiday hiring rush
Macy’s Inc. plans to hire about 85,000 seasonal workers ahead of the holidays, while other national retailers like Walmart and Kohl’s aim around the 60,000 range.
Transcript: IBJ Commercial Real Estate and Construction Power Breakfast
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
Historic 500 racing garage to be renovated
Indiana Landmarks plans to raise the funds to refurbish the fabled but dilapidated building north of West 16th Street that served as the Boyle Racing garage from the 1920s through the 1940s.