May 25, 2010
Tom HartonThe Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of
a 217-unit apartment community.
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May 24, 2010
Cory SchoutenSimon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation's retail lease deals are consummated.
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May 24, 2010
Associated PressThe Girl Scouts of Central Indiana says a study found that the four sites need significant renovations to reach current safety
codes.
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May 22, 2010
Cory SchoutenRetailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
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May 15, 2010
Cory SchoutenAnalysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.
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May 10, 2010
IBJ Staff and Associated PressSimon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
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May 7, 2010
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
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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
Bloomberg NewsSimon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.
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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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May 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over
a competing offer by Simon Property Group Inc.
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May 1, 2010
IBJ StaffRenovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
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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 26, 2010
Bloomberg NewsGeneral Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process
will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon
Property Group.
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April 24, 2010
Cory SchoutenJohn Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions
on the sale of surplus state properties. He also acted as a developer for public-sector
tenants—putting them into buildings owned by him or his associates.
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April 14, 2010
Scott OlsonThe Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator
who will
lease the space
from the building's owners.
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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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March 31, 2010
Bloomberg NewsThe provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
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March 26, 2010
Scott OlsonRenovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
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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 17, 2010
Associated PressSimon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
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March 16, 2010
Tom HartonThe landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of
Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
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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 6, 2010
Cory SchoutenDavid Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.