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Shopping Centers
Circle Centre sues restaurant Bella Vita over unpaid rent
June 11, 2010
Peter SchnitzlerItalian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
MoreIndoor amusement center could have new owner
June 9, 2010
Springfield, Mo.-based America's Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized
as soon as Wednesday.
MoreRivers Edge lands Nordstrom Rack, The Container Store
May 29, 2010
Cory SchoutenTwo sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
MoreUPDATE: Water-main break closes part of Castleton Square
May 28, 2010
Kathleen McLaughlinSimon Property Group spokesman Les Morris said 110 out of 130 mall stores were open late this morning.
MoreSimon plans to rejoin retail leasing event
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.
MoreUpcoming ICSC convention will offer insight into growth plans for retailers
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.
MoreSimon biding its time after failed bid for rival
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.
MoreGeneral Growth still backing Brookfield despite new Simon bid
May 7, 2010
Bloomberg NewsGeneral Growth Properties Inc. rejected Simon Property Group Inc.'s "best and final" offer.
MoreSimon Property makes 'final' General Growth offer
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.
MoreGeneral Growth hearing delayed as Simon makes new bid
May 4, 2010
Bloomberg NewsGeneral Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
MoreSimon Property steps up fight for General Growth
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.
MoreGeneral Growth backs new Brookfield plan over Simon offer, source says
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.
MoreSimon Property cooperating With FTC on Prime Outlets inquiry
April 30, 2010
Bloomberg NewsSome retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
MoreBlackstone may join General Growth plan, Simon says
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.
MoreCircle Centre arcade reopens under new ownership
April 20, 2010
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor
of mall.
MoreSimon's General Growth plan 'crazy,' fund manager says
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.
MoreGeneral Growth seeks better offer than Simon's
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.
MoreSimon Property Group cranks up bid for General Growth
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.
MoreReport: Simon may drop General Growth bid
April 12, 2010
Bloomberg NewsShares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
MoreTenant exit leaves Circle Centre 4th floor almost vacant
April 1, 2010
Scott OlsonDeparture of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall's fourth floor, which has struggled
for years to
keep tenants.
MoreGeneral Growth's bankruptcy plan makes room for Simon
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.
MoreGeneral Growth preparing to file finance plan
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.
MoreAnother General Growth suitor enters fray
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.
MoreShoe Carnival profit beats estimates
March 18, 2010
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
MoreSimon weighs new General Growth bid, sources say
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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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.