Restoration planned for landmark Old Centrum property
The Historic Landmarks Foundation of Indiana plans to acquire the Romanesque Revival former church and is considering moving
its headquarters there.
Real Estate
Articles
Downtown shakeup: Tea Cozy closes, Sahm’s moves, Urban Elements expands
Check out a roundup of big changes for the downtown restaurant scene including Tea Cozy, Sahm’s and Urban Element, plus a
new fitness option at the Majestic Building.
Westfield Group enters General Growth fray, source says
Additional offers beyond those by Simon Property Group and Brookfield Asset Management may emerge, General Growth President
Thomas H. Nolan Jr. said.
Brookfield deal doesn’t put Simon out of General Growth game
The bid by Simon Property was an “initial salvo” and the Brookfield plan likely will prompt a new offer from the Indianapolis-based
mall owner, real estate research analyst says.
General Growth plans to split in two to exit bankruptcy
General Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield
Asset Management Inc
IU president plans aggressive building campaign
In a speech Tuesday, President Michael McRobbie said IU is gunning to construct at least 12 buildings on its Bloomington
and Indianapolis
campuses in spite of the economy and falling state funding.
New international grocery, Broad Ripple restaurant, Noblesville butcher shop
An around town retail roundup includes several new restaurants including Monon Food Co. and Puerto Vallarta, a new international
grocery on
the south side, and a new butcher shop in Noblesville.
Brookfield after 30-percent stake in General Growth, source says
The plan by Toronto-based Brookfield Asset Management would give General Growth Properties a higher valuation than a $10 billion
takeover bid by Simon Property Group.
Report: Brookfield plans bid for Simon target General Growth
Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based
Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
Receiver: Insolvent Hansen & Horn should be liquidated
The troubled home builder’s $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge,
who takes the recommendation under advisement.
Metro-area home sales plummet
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report
from Re/Max of Indiana. But the housing news wasn’t all bad. The average price of a home in the area jumped 12.1 percent.
General Growth board sued for rejecting $10B Simon bid
Directors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have
rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
Parking hangup slows renovation of blighted apartment building
A local developer's plans to renovate a long-vacant and graffiti-covered 1915 building along Meridian Street have hit
a snag over a lack of parking.
Airport picks team to study re-use of land at old terminal site
The Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning.
Five firms will study ways to use airport property, including the former passenger terminal.
Apartment developer plans 217 units in Lawrence
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
Blackstone may join Simon’s bid for General Growth
Blackstone Group LP, the world’s largest private-equity firm, may join Simon Property Group Inc.’s bid to buy bankrupt
General Growth Properties Inc., according to two people with knowledge of the discussions.
Simon’s $10 billion bid for bankrupt General Growth roils retailing
Simon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The
Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation’s largest mall owner succeeds
in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
Millionaire lawyer jumps into Melvin Simon will fight
Mike Ciresi, who’s representing widow Bren Simon, helped win a $6 billion settlement from the tobacco industry.
Kite Realty reports quarterly profit, annual loss
Indianapolis-based developer Kite Realty Group Trust turned a small profit in the fourth quarter, but reported a loss in 2009
amid difficult commercial real estate conditions.