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Real estate deals
Commercial real estate will continue its climb back in 2011
January 4, 2011
Tom HartonMedical office likely will be the strongest sector, followed by apartments.
MoreSimon lands $4.6B loan to fund offer for London mall owner
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.
MoreAnalysts: Simon unlikely to buy Capital Shopping
December 21, 2010
Bloomberg NewsSimon Property Group Inc. is unlikely to buy Capital Shopping Centres Group Plc because it will take too long for rents to
rise enough to justify a price its U.K. counterpart would accept, according to Barclays Capital real estate analysts.
MoreDuke Realty planning $967M in property deals
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.
MoreSimon Property likely to continue pursuit of British mall owner
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."
MoreNorth of South project clears rezoning hurdle
December 16, 2010
Scott OlsonThe Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street
between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
MoreUPDATE: United Kingdom mall owner rejects Simon bid
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."
MoreSimon bids $4.6B for U.K.'s Capital Shopping
December 15, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group
Plc that values the U.K. company at $4.6 billion.
MoreSimon’s options for Capital Shopping takeover dwindling
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.
MoreBritish mall owner rejects Simon financing plan
December 13, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have
given potential suitor Simon Property Group Inc. a larger stake in the company.
MoreNorth of South financing clears first hurdle
December 2, 2010
Scott OlsonThe Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development
near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
MoreElectronics maker buying former GM factory in Anderson
November 30, 2010
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating
as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
MoreHistoric downtown building poised for overhaul
November 30, 2010
Tom HartonDLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million
renovating it.
MorePossible Simon bid boosts British mall owner's stock
November 26, 2010
Bloomberg NewsShares of Capital Shopping Centres Group Plc, Britain’s biggest mall owner, rose the most since the company went public
in 1992 after saying Indianapolis-based Simon Property Group Inc. may offer more than $3.6 billion in cash for the company.
MoreForeclosure washes away water park plans in Fishers
November 24, 2010
Scott OlsonDeveloper Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project
to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
MoreKeystone plans mixed-use project on Madison Avenue
November 23, 2010
Cory SchoutenA local developer is planning a $2 million mixed-use project for a vacant parcel along Madison Avenue just south of downtown.
MoreGeist apartment complex sale ends drought of Class A transactions
November 23, 2010
Tom HartonGrande Reserve at Geist fetched $13.3 million, just shy of the asking price.
MoreGun club building, parking lot fetch $380,000 at auction
November 11, 2010
The historic, 8,000-square-foot Gatling Gun Club building sold for $250,000 and the 19,000-square-foot parking lot went for
$130,000, to two separate bidders.
MoreFeds require Simon to sell outlet centers
November 11, 2010
Bloomberg NewsThe U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall
owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
MoreGatling Gun Club building set for auction
November 10, 2010
Scott OlsonThe historic structure at 709 N. Illinois St., along with a nearby parking lot, could be sold Wednesday afternoon. Declining
membership and rising costs led the private club to seek a sale of the 160-year-old building.
MoreRedevelopment planned for vacant car dealership
November 9, 2010
Tom HartonThe 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.
MoreAnderson makes headway in disposing of former GM sites
November 3, 2010
Kathleen McLaughlinThe city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have
been in its possession since 2006.
MoreDowntown apartment developers take divergent paths to financing
October 30, 2010
Cory SchoutenJ.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned
to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
MorePlans for Kroger-anchored center in west Carmel fall through
October 30, 2010
IBJ StaffThe grocer might reconsider the Altum Garden's site if economic variables change.
MoreGreenfield apartment market heats up with sales, development activity
October 26, 2010
Tom HartonThe Hancock County community is drawing interest because of recent hiring in the area and a strong population of seniors.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.