August 7, 2010
IBJ StaffKite Realty Group Trust, is a real estate investment trust that engages in the development, construction, acquisition, ownership
and operation of shopping centers in the United States.
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August 5, 2010
Scott OlsonIndianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales.
Occupancy at its retail centers increased, however, to 91 percent.
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August 4, 2010
IBJ StaffIBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely
anchors of a redevelopment of the Shops at Rivers Edge.
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July 24, 2010
Greg AndrewsShop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep
properties filled and vibrant.
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June 19, 2010
Marc D. AllanOne-time events influenced bottom lines of some of the few companies that made more money in 2009.
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June 12, 2010
Anthony SchoettleA fixture in downtown Indianapolis since 1987, the Academy hasn't yet been evicted from its Pan American Plaza ice rinks,
but it operates under a cloud of uncertainty.
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May 29, 2010
Cory SchoutenTwo sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
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May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
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April 24, 2010
Scott OlsonVacancy rates unseen in 20 years are hampering efforts by developers.
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April 14, 2010
Peter SchnitzlerJohn A. Kite's total compensation fell to $689,074 last year while the rest of his management team also took deep pay cuts.
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April 12, 2010
Work force reductions, new business structure make leased office space unnecessary. Moves will begin in late June.
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February 20, 2010
Scott OlsonThe commercial real estate slump is prompting several Indianapolis brokerages to add property-management services to their
portfolios or bolster existing ones.
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February 18, 2010
Scott OlsonIndianapolis-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.
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November 5, 2009
Cory SchoutenKite Realty Group Trust reported a 70 percent drop in funds from operations for the quarter ended Sept. 30, after the Indianapolis-based
developer wrote off the entire book value of a Dallas strip center.
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October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
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October 10, 2009
Chris O'MalleyThe cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
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August 31, 2009
Cory SchoutenThe CEO of Kite Realty Group Trust last week sold 130,000 shares, or nearly a half-million-dollars worth, of the Indianapolis-based
real estate firm’s common stock.
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July 13, 2009
Cory SchoutenKite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
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May 18, 2009
Greg AndrewsNorwood Promotional Products Inc. suggests it's positioned to sail through bankruptcy, thanks to a pending-sales agreement.
But creditors, owed nearly $300 million, are expected to balk.
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May 11, 2009
Greg AndrewsHere's more evidence we're in strange times: Indianapolis' real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low pricesand getting a pat on the back from their shareholders for doing so.
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December 15, 2008
Cory SchoutenKite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
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September 22, 2008
Cory SchoutenA local real estate developer has emerged as a top contender to buy the 28-story M&I Plaza--potentially at half the
$50 million price the building fetched a decade ago. Paul Kite Co. confirmed it is in talks with Maryland-based
CapitalSource Inc., which took over the struggling office tower in June after foreclosing on a $5 million
mezzanine loan.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.