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.
Real Estate
Articles
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.
Simon Property Group urges rival to heed $10B buyout offer
Simon’s warning was delivered in a letter sent to General Growth a day after the company essentially rebuffed Simon’s hostile
takeover bid.
TROY: New law frees contaminated real estate from purgatory
State environmental regulators now must consider leaving contamination in the ground so long as it doesn’t threaten health
Urban Land Institute chapter launches in Indianapolis
Chapter, heavily populated by developers, hopes to guide sustainable development.
Commercial brokers trying property management in hard times
The commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
Sandor plans HQ move from midtown Indy to Carmel
Strip-center specialist Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years
in Indianapolis.
General Growth snubs initial offer from rival Simon
Simon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt
rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.
Westfield lumber company part of acquisition
Hall & House Lumber Co. in Westfield will become part of one of the largest distributors of lumber and building materials
in the nation, once the purchase of its parent is completed next month.
Simon making $10B bet on future of malls
Wall Street today is cheering Simon Property Group Inc.’s giant bet on the future of retail real estate, a sector that
appeared left for dead just months ago. The nation’s largest mall owner has offered $10 billion to take over its
nearest rival, Chicago-based General Growth Properties Inc., which is in bankruptcy.
Simon offers $10 billion for General Growth
Deal to acquire competitor would be largest ever for Simon Property Group, already the nation’s largest mall operator.
Resource Commercial Real Estate pursuing Colliers flag
Resource Commercial Real Estate is one of a handful of local real estate brokerage firms angling to take over an affiliation
with Colliers International.
Light in the gloom
More industrial construction is going on in Indiana than in any nearby state.
Banks suing Broadbent, pushing one strip center into bankruptcy
Locally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
City of Franklin selling two buildings, including former City Hall
Bids for one or both of the properties will be accepted from Feb. 17 through March 16 at the Clerk-Treasurer’s Office
at 70 E. Monroe St.
Development firm Sandor leaving midtown for Carmel
Strip-center owner and developer Sandor Development Co. is moving its headquarters to Hamilton County after almost 50 years
in Indianapolis.