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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May 7, 2010
Bloomberg NewsGeneral Growth Properties Inc. rejected Simon Property Group Inc.'s "best and final" offer.
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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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May 4, 2010
Bloomberg NewsGeneral Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
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May 4, 2010
Bloomberg NewsThe latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
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April 30, 2010
Bloomberg NewsFunds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based
shopping mall giant said Friday morning.
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April 29, 2010
Cory SchoutenDuke Realty Corp. handled more leasing activity last quarter than it has in any first quarter in five years, the locally based
real estate
investment trust said on Wednesday.
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April 27, 2010
Bloomberg NewsSimon Property Group and Blackstone Group LP are in "ongoing discussions" for an investment in General Growth after the mall
operator turned down a $10 billion takeover bid from Simon in February, CEO David Simon said.
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April 19, 2010
Bloomberg NewsBid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said
fund manager Bruce Berkowitz, who's backing a rival plan.
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April 16, 2010
Bloomberg NewsGeneral Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc.
after its bankruptcy exit plan was matched by Simon Property Group Inc.
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April 14, 2010
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
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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 8, 2010
Scott OlsonAffiliates of Lauth's largest financial backer, Inland American Real Estate Trust in Chicago, agree to dismiss their suit
against
the Indianapolis-based
developer, and also withdraw a request to have a Chapter 11 trustee appointed.
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March 29, 2010
Bloomberg NewsGeneral Growth is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
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March 23, 2010
Bloomberg NewsElliott Associates LP and Paulson & Co. are said to be discussing a plan to team with Brookfield Asset Management Inc. to
bring mall owner General Growth Properties Inc. out of bankruptcy, competing with Simon Property Group.
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March 18, 2010
IBJ Staff and Associated PressFormer WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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March 11, 2010
Bloomberg NewsA 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.
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March 8, 2010
Bloomberg NewsThe 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.
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February 26, 2010
Bloomberg NewsGeneral Growth Properties Inc. asked a judge to block a shareholder lawsuit accusing its board of improperly rejecting an
acquisition bid from Simon Property Group Inc.
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February 25, 2010
Bloomberg NewsThe battle for General Growth Properties Inc., owner of more than 200 U.S. malls, is turning into the biggest real estate
skirmish since the sale of Sam Zell's Equity Office Properties Trust.
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February 25, 2010
Bloomberg NewsAdditional offers beyond those by Simon Property Group and Brookfield Asset Management may emerge, General Growth President
Thomas H. Nolan Jr. said.
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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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February 5, 2010
Bloomberg NewsQuarterly revenue remained flat at about $1 billion, but profit fell 41 percent, from $196.4 million to $115.9 million.
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February 5, 2010
Bloomberg NewsUnibail-Rodamco SE, Europe's biggest shopping-center owner, has agreed to pay Simon Property Group and Ivanhoe Cambridge Inc.
$981 million for stakes in seven malls in France and Poland.
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January 27, 2010
Cory SchoutenLocally based Duke Realty Corp. reported a 53 percent drop in funds from operations in the fourth quarter but still managed
to beat Wall Street expectations.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!