Sears’ biggest shareholder bids $4.6B for rest of bankrupt chain
Eddie Lampert took his first step toward rescuing Sears Holdings Corp. from bankruptcy with a $4.6 billion bid that would keep hundreds of stores open and preserve about 50,000 jobs.
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Landlord suing Mo’s Irish Pub for $100K in rent, liquor permit
Hamilton Town Center claims that the operator of the now-closed Irish-themed restaurant has reneged on an agreement to sell the valuable liquor, wine and beer permit back to the landlord.
Columbus buying shopping mall to make it recreational/tourism complex
The city of Columbus is partnering with Columbus Regional Hospital and the Heritage Fund/The Community Foundation of Bartholomew County on the $5.9 million purchase.
Former Marsh store in Castleton area lands new tenant
Jane Pauley Community Health Center plans to fill about a third of the space, which was vacated by defunct grocery chain Marsh Supermarkets in May 2017.
Sears’ Castleton, Greenwood closings create opportunities, obstacles
One complication is that Sears—not Simon Property Group—controls the Castleton Square space.
Former online-only retailers setting up shops in malls near you
Stiffening competition, surging online advertising costs and cheap mall space have prompted web retailers like Warby Parker and Bonobos to open physical stores, including locations in Indianapolis.
Simon to weather, maybe even benefit from Sears’ decline, analysts say
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
New Bon-Ton owner has no plan to reopen Carson’s store in Circle Centre
Merrillville-based CSC Generation Holdings Inc., which acquired Bon-Ton’s intellectual property in bankruptcy court, said Indiana was not part of its initial plan to reopen stores.
Indiana-based company to resurrect Carson’s, other Bon-Ton stores
The company said it was in “advanced discussions with landlords” about reopening stores in Indiana and several other states. Bon-Ton closed 15 stores in Indiana this year, including the Carson’s in Circle Centre mall.
City seeks vendor to develop revitalization plan for Castleton
City development officials said the plan should “respond to emerging challenges confronting the Castleton area, including evolving national shifts in commercial retailing and aging commercial, office and multifamily areas.”
Mo’s Irish Pub closes Noblesville doors after 10 years in business
The restaurant at Hamilton Town Center was supposed to reopen after a “refreshing,” but mall management confirmed the restaurant has permanently closed.
U.S. mall owners happy with steady, ‘boring’ results
Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.
Brookstone planning to shut down most stores after bankruptcy filing
In Indiana, Brookstone has stores in Circle Centre mall and at Indianapolis International Airport.
IBJ Podcast: St. Elmo co-owner Craig Huse on Circle Centre, Burger Study and expansion in Fishers
Huse tells IBJ that Circle Centre needs “transformational” change and describes the company’s plans for two restaurants in Fishers.
Owners of failing malls ‘on their knees’ as buyers disappear
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
Cookie shop in Circle Centre reopens under new franchisee
The owner of Gifts and Convenience, a shop in the downtown Embassy Suites by Hilton hotel, is the new franchisee for the mall cookie and desert shop, which closed early this year after a lawsuit from the landlord.
Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
Whitestown exit along I-65 explodes with retailers, fast food
The commercial openings are part of the $1 billion Anson development, led by Indianapolis-based Duke Realty Corp.
With Kite shares stuck in discount bin, dividend investors can hit jackpot
Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.
Students’ solution for Lafayette Square: ‘Tear it down, build industrial’
Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.