Bid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said
fund manager Bruce Berkowitz, who’s backing a rival plan.
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
A total of 242 homes in the nine-county area sold for at least $250,000 last month, an increase of 23.5 percent from the same
time last year.
Clarian Health is planning a bed tower, parking garage and offices in a massive project that shows renewed commitment to the
downtown campus.
General Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc.
after its bankruptcy exit plan was matched by Simon Property Group Inc.
After a sales slowdown during the recession forced him to close the high-end eatery L'explorateur, Neal Brown mulled
a move into Neopolitan-style pizza with friendlier price points. The result—Pizzology Pizzeria & Pub—is off
to a profitable start.
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to
shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that
of the Oracle of Omaha.
Historic Landmarks' endowment is down sharply, but executives believe they can afford to take on the cultural-events-center
project.
Cook Group Chairman Steve Ferguson is target of complaint that charges he and others violated federal racketeering laws by
serving
on an entity that recommended a team that included Bill Cook to develop the French Lick Resort project.
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will
lease the space
from the building’s owners.
John A. Kite’s total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
In IBJ's new video feature offering management wisdom, Jeff Henry
of commercial real estate brokerage Cassidy Turley reveals how to keep your staff cool when the heat is on.
Philanthropist Bill Cook will manage a $7 million restoration of the former Old Centrum building at
12th Street
and Central Avenue in Indianapolis, and the newly renamed Indiana Landmarks will move its headquarters there.
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
Shares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
Sales agreements in the nine-county area rose last month by 10.6 percent, compared with the same month last year, while prices
jumped 12.1 percent.
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
Historic Landmarks Foundation of Indiana is expected to announce Tuesday that it will move its headquarters to the Old Centrum
at 12th Street and Central Avenue in Indianapolis.
