Retail sales show unexpected increase
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
Real Estate
Articles
Simon says new General Growth plan is less uncertain
A new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property
Group Inc. has criticized, Simon CEO David Simon says.
Brizzi’s lease deals benefited friend, donor
Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor’s Office to his friend, business
partner and political contributor John Bales.
Carmel contractor offers scholarships
Carmel-based Williams Comfort Air, a heating and cooling contractor, is accepting nominations for its Extraordinairy Treasures annual scholarship program. Six one-time scholarships totaling $5,000 will be awarded to high school seniors based on community service, leadership activities and family commitment.
Marine tech unit to fill four floors at struggling M&I Plaza
A 10-year, $20 million deal for a civilian division of the U.S. Marine Corps to occupy four floors of the 28-story M&I
Plaza building downtown will push
the city’s sixth-largest office tower from a woeful 30-percent occupancy rate to about 50 percent.
Carpenter Realtors trots out smart phone technology
Specialized bar codes will be on Carpenter materials ranging from print advertisements to yard signs.
Recycler J. Solotken & Co. recycles old building
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
Bakehouse drives growth for Scholars Inn
Scholars Inn’s growth engine is its wholesale bakery, which distributes granola and other
fresh products across state lines thanks
to deals with
partners like Kroger.
Indianapolis Housing Agency pulls off big tax credit deal
City agency plans renovations, expansions at eight apartment properties.
For-profit college inks deal for a new local campus
Another for-profit college is eying an expansion into the Indianapolis area. The publicly traded Corinthian Colleges Inc., based in Santa Ana, Calif., plans to take 40,000 square feet in the Heritage Park office park southeast of Interstates 465 and 69.
Area home sales, prices show increase
The housing market could be awakening from its deep sleep, if February home-sale agreement figures are any indication.
Lawyers in Simon estate case fight over what should be public
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's
fortune.
Delta Faucet cutting 40 more jobs at Greensburg plant
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail
sales and a sluggish housing market.
Former Saturn franchise in Fishers enters new orbit
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers,
involves used-car sales and service bays stocked by Carquest.
General Growth investors add $3.93B to Brookfield plan
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Magazine names Fishers ‘top affordable suburb’
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for “livability, safety, education, and economic performance.”
Simon Property CEO uses hard-nosed style to excel at acquisitions
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation’s largest mall owner—is trying to land his biggest deal yet.
Legal battle over Simon estate plan puts big gifts in limbo
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it
could be up to his widow, Bren Simon, whether to fulfill that wish.