Shopping Centers
Steak n Shake woos real estate pros
May 23, 2012
Cory SchoutenSteak n Shake made a big splash at the International Council of Shopping Centers deal-making convention in Las Vegas as it
pushes an aggressive plan to grow via franchising.
MoreSimon boosts dividend after gains in sales, occupancy, rent
April 27, 2012
Cory SchoutenSimon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square
foot. Simon malls were 93.6-percent occupied, up from 93 percent.
MoreCastleton Square will get new stores catering to youth
April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
MoreEarth Fare grocery replacing Borders at Hamilton Town Center
April 18, 2012
Cory SchoutenAn upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton
Town Center. The store will be the first in Indiana for the privately held chain.
MoreLafayette Square amusement center closes
March 29, 2012
Scott OlsonAmerica's Incredible Pizza Co. shut down on Sunday, leaving a 75,000-square-foot vacancy in the struggling shopping center
on Indianapolis' west side.
MoreFrench mall operator looks to Simon for know-how
March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
MoreSimon Property Group goes on $3.5B mall spending spree
March 8, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property
European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
MoreCastleton Square Mall lands Borders replacement
February 28, 2012
Cory SchoutenForever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore
at the south entrance to the mall and is targeting a summer opening.
MoreSimon quarterly results improve as sales increase at malls
February 3, 2012
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from
operations as income from rents rose.
MoreCircle Centre again suing Bella Vita over unpaid rent
January 30, 2012
Scott OlsonLandlord Circle Centre Mall LLC is suing the restaurant over $77,275.24 in unpaid rent, according to court documents. Circle
Centre also sued Bella Vita in June 2010 over $96,523.23 in overdue rent.
MoreSuper Bowl plans set for former Nordstrom space
January 17, 2012
Scott OlsonAn after-hours nightclub and a sports apparel shop operated by Indianapolis-based Lids Sports Group will occupy much of the
space, dubbed "The Huddle," during the festivities starting on Jan. 27.
MorePendleton Pike Kmart, Anderson Sears on closing list
December 29, 2011
IBJ Staff and Associated PressSears Holding Co. said Thursday it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store
in Anderson as part of a round of closures.
MoreSears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
MoreBargain hunters divided holiday shopping season
December 29, 2011
Associated PressThe holiday shopping season turned out to be two seasons: the Black Friday binge and a last-minute surge before Christmas.
Together, they added up to decent sales gains for most retailers.
MoreUp to 120 Sears, Kmart stores set for closure
December 27, 2011
IBJ Staff and Associated PressBetween 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during
what is the most crucial time of the year for retailers.
MorePolice called to control rowdy shoe shoppers
December 23, 2011
Local police were called to two Indianapolis malls to control crowds waiting to purchase the newest generation of Air Jordan
basketball shoe. Similar incidents have been reported nationwide.
MoreMalls see big changes just in time for holidays
December 3, 2011
Cory SchoutenNew stories have debuted at malls across the Indianapolis area. Many are pop-up shops eager to capitalize on holiday shoppers and the Super Bowl crowds.
Thanksgiving weekend retail sales jump to record $52.4B
November 27, 2011
Bloomberg NewsU.S. retail sales during Thanksgiving weekend climbed 16 percent to a record, as shoppers flocked to stores earlier and spent
more, according to the National Retail Federation. Sales totaled $52.4 billion, and the average shopper spent $398.62 over
the holiday weekend, up from $365.34 a year earlier.
MoreWashington Square owner Simon not paying on $12.8M loan
November 26, 2011
Cory SchoutenTraffic is low and vacancies are high at Washington Square Mall, the most troubled local property for Indianapolis-based mall
giant Simon Property Group Inc.
MoreBank hits Centre Properties with $43M suit
November 19, 2011
Scott OlsonThree local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure
lawsuit brought by the real estate firm’s lender.
MoreSimon widow loses another battle in estate fight
November 17, 2011
Michael W. Hoskins, Cory SchoutenThe Indiana Court of Appeals ruled Bren Simon doesn't have legal standing to challenge a judge's decision not to recuse himself
from overseeing the court fight over her late husband Melvin's $2 billion estate.
MoreFashion Mall getting big upgrade
November 5, 2011
Cory SchoutenA multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores,
many of them new to Indianapolis.
MoreRivers Edge spawns new retail center across 82nd Street
October 29, 2011
IBJ StaffVeritas Realty is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container
Store.
MoreRetail trade group sees modest holiday sales gain
October 6, 2011
Associated PressThe National Retail Federation, the nation's largest retail trade group, expects winter holiday sales to rise 2.8 percent,
to $465.6 billion this year.
MoreParking already at a premium at Rivers Edge shopping center
October 1, 2011
Cory SchoutenThe 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but
just barely.
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...