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Sales/acquisitions

November 27, 2012
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-IDA Properties LLC (Indiana Dental Association) bought a 15,000-square-foot office building at 1319 E. Stop 10 Road. The buyer was represented by Jon Owens of Cassidy Turley. The seller, Bank of America, was represented by Nicholas Svarczkopf of CBRE.

-Oak Property Group LLC bought a 4,100-square-foot office building at 8060 Madison Ave. The buyer was represented by Cathy Richards of Lee & Associates. The seller, C&S Development LLC, was represented by Rudy Schwarz of Bob Cook Realty.

-RLC Properties PC bought 2.558 acres at 8151 Country Villiage Drive. The buyer was represented by Christi Coffey of Carpenter Realtors. The seller, Cloverleaf Property Group LLC, was represented by Jason Alsup and Allen Culpepper of RE/MAX Centerstone.
 

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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