May 6, 2011
IBJ StaffIndianapolis-based Kite Realty Group Trust on Friday reported a wider first-quarter loss than a year ago thanks to declining
revenue and a big dividend payment to preferred shareholders.
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April 29, 2011
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping-mall owner, said funds from operations rose 75 percent in the first quarter
as retail sales climbed.
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April 28, 2011
Scott OlsonThe Indianapolis-based real estate investment trust reported a first-quarter profit of $47.6 million compared with a loss
of $15.3 million in the same quarter a year earlier. Gains from the sale of properties helped drive profit.
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April 11, 2011
Associated PressRetailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality
malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.
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April 8, 2011
Bloomberg NewsSimon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon,
whose compensation rose more than fivefold last year.
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March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department
of Defense, which plans to build a bomb-inspection facility on the site.
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February 19, 2011
Scott OlsonStrategy also calls for greater Southeast presence, less investment in the Midwest.
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February 16, 2011
Associated PressIndianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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February 4, 2011
IBJ Staff and Bloomberg NewsEarnings for the Indianapolis-based shopping mall owner increased to $217.9 million in the fourth quarter, up from $91.5 million
in the fourth quarter of 2009. Funds from operations, a key measurement used by real estate investment trusts, also improved.
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January 27, 2011
Cory SchoutenDuke Realty Corp. reported a fourth-quarter profit almost 70 percent above last year's figure as it closed out its best
leasing year since 2007 and finished with its highest annual portfolio occupancy rate since 2004.
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January 15, 2011
Cory SchoutenMassachusetts-based Franklin Street Properties acquired the Monument Circle headquarters of insurance giant WellPoint Inc.
late in 2010 for $42 million—a rich $196 per square foot—from an affiliate of locally based HDG Mansur.
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January 12, 2011
Associated PressGoldman Sachs & Co. analyst Jonathan Habermann expects a return of 5 percent to 10 percent this year after last year's
29-percent total return for REIT stocks.
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January 5, 2011
Scott OlsonCompany will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business
Park. The move should be completed by December.
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December 29, 2010
Bloomberg NewsSimon Property Group Inc. has secured a 3 billion pound loan that will give the company the resources to bid for London-based
Capital Shopping Centres Group Plc.
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December 20, 2010
The Indianapolis-based real estate investment trust said it will sell 3.1 million square feet of suburban office space for
$516.7 million and buy 4.9 million square feet of mostly industrial space for $450 million.
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December 18, 2010
IBJ Staff and Bloomberg NewsIn rejecting Simon’s offer, London-based Capital Shopping Centres Group said the cash bid “very substantially
undervalues the company and its prospects."
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December 15, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, the United Kingdom's biggest shopping mall owner, turned down Simon Property Group Inc.'s
$4.6 billion bid, describing it as "inadequate."
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December 13, 2010
Bloomberg NewsSimon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become
the largest mall owner in the United Kingdom.
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December 1, 2010
The Indianapolis-based real estate investment trust said it will sell 2.6 million shares of preferred stock at $25 each to
repay debt, purchase property and use for general corporate purposes.
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November 9, 2010
Associated PressGeneral Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based
Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
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November 1, 2010
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping-mall owner, said third-quarter profit declined from a year ago after
the company recorded an expense to buy back debt.
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September 26, 2010
Bloomberg NewsU.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions
after using record cash from equity offerings last year to reduce debt and cover dividends.
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August 31, 2010
IBJ Staff and Bloomberg NewsSimon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
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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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July 29, 2010
Scott OlsonIndianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention
rates rise.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.