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Shopping Centers
Circle Centre resolves lease dispute with Cinnabon
September 26, 2011
An attorney for the downtown Indianapolis mall has filed to dismiss the complaint, saying the two sides have resolved the
dispute through an out-of-court settlement.
MoreOwner finding new tenants for former Macy's
September 17, 2011
Cory SchoutenHigh-end custom homebuilder Moussa Khoury and a partner bought the former Macy's store at Washington Square Mall in 2009 for
about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.
MoreReceiver appointed in $16.8M foreclosure suit
August 29, 2011
Scott OlsonLender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers,
owned by Greenwood developer Presnell Cos.
MoreCircle Centre wants Cinnabon out of mall
August 29, 2011
Scott OlsonA lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its
$6,751-per-month rent.
MoreFormer Nordstrom space could find Super Bowl use
August 2, 2011
Scott OlsonThe massive space in Circle Centre mall vacated by high-end retailer Nordstrom could be used to host corporate events surrounding
the big game.
MoreProspects bright for Borders replacements
July 26, 2011
Cory SchoutenBrokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate,
opting for locations near concentrations of affluent and educated consumers.
MoreSimon Property results improve as U.S. retail sales advance
July 26, 2011
Bloomberg NewsIndianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and
occupancies increased. The company raised its forecast for the year.
MoreBorders liquidation another blow to retail real estate
July 21, 2011
Bloomberg NewsBorders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet
as the industry struggles with near-record vacancy rates and stagnant rents.
MoreWell-located Carmel retail center plagued by vacancies
June 18, 2011
Cory SchoutenMerchants' Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center
and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime
location.
MoreMultiple tenants likely needed to plug Nordstrom hole
June 4, 2011
Greg AndrewsNordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based
chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
MoreCircle Centre can survive Nordstrom exit, experts say
May 28, 2011
Cory SchoutenAnchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
MoreNordstrom: Weak sales prompting closure of Circle Centre store
May 26, 2011
Scott OlsonCompany President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone
Crossing location in 2008. The downtown store will close July 31.
MoreNordstrom closing Circle Centre store
May 26, 2011
Cory SchoutenNordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain
was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the
plans told IBJ.
MoreSimon Property to develop outlet center in Canada
May 23, 2011
Associated PressIndianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first
of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
MoreEastgate redevelopment reaches crucial crossroads
May 10, 2011
Tom HartonLifeline Data Centers, which bought Eastgate in 2008, plans to invest $10 million into the property this year if the Department
of Public Safety moves forward with plans to lease 78,000 square feet.
MoreSimon Property results improve as store rents climb
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.
MoreGreenwood Shoppes seeks bankruptcy reorganization
April 22, 2011
Scott OlsonThe shopping center on U.S. 31 is the third Broadbent-operated strip mall to fall into bankruptcy and its second in Greenwood
to claim financial problems.
MorePop-up retailers emerging in Indianapolis
April 16, 2011
Marc D. AllanWith the retail vacancy rate hovering around 13 percent locally and nationally, temporary retailers are becoming a fact of
life in malls, strip malls and downtowns around the country.
MoreAmusement center set for Clearwater area
April 15, 2011
Cory SchoutenAn entertainment venue featuring a bowling alley, concert hall and restaurant is set to replace a vacant movie theater.
MoreCastleton Plaza seeks bankruptcy reorganization
February 18, 2011
Scott OlsonShopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter
11 filing follows a request to foreclose on the property from the center's lender.
MoreSimon Property's quarterly profit rises on improving retail sales
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.
MoreLender seeks to foreclose on Castleton Plaza
February 1, 2011
Scott OlsonGerman American Capital Corp. claims the owner of the strip mall, Castleton Plaza LP—a subsidiary of Broadbent Co.—owes
it $10 million. The lender is requesting the property be sold at a sheriff's sale to help satisfy the debt.
MoreLego plans first Indiana store for Castleton Square
January 15, 2011
IBJ StaffThe roughly 1,200-square-foot shop is scheduled to open in late March or early April.
MoreSimon Property abandons offer for Capital Shopping
January 11, 2011
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres
Group Plc after the British company resisted Simon’s takeover interest.
MoreSpending data show strong December sales
January 5, 2011
Associated PressAmericans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, according to data released
Wednesday.
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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!