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Macerich investors want more to clinch mall megadeal

March 9, 2015

Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.

Simon makes hostile bid to buy Macerich in deal worth $22B

March 9, 2015

Simon’s hostile bid represents a 30-percent premium to Macerich’s closing price on Nov. 18, the day before Simon disclosed it acquired a 3.6-percent stake in the Santa Monica, California-based mall landlord.

While still relatively rare, male nurses on the rise

March 9, 2015

The U.S. Census Bureau found that 2.7 percent of registered nurses in 1970 were men. That percentage is now closer to 10 percent.

Key lawmakers draw scrutiny for ties to soccer team

March 8, 2015

House Speaker Brian Bosma and House Ethics Committee Chairman Rep. Greg Steurwald did legal work for the Indy Eleven and owner Ersal Ozdemir's Keystone Construction Corp.

REAL ESTATE

March 6, 2015

Local economic development veteran Katie Culp is joining KSM Location Advisors in the newly created position of president. Culp, 38, came from DTZ, formerly Cassidy Turley, where she spent 10 years. Culp Founded in 2004, KSM Location Advisors is an entity of local accounting firm Katz Sapper & Miller LLP. The 12-person team is […]

CEO of Riley Hospital departing for Seattle position

March 6, 2015

Dr. Jeff Sperring, the CEO of Riley Hospital for Children in Indianapolis, will leave this spring to become CEO of Seattle Children’s Hospital in early May, the Seattle hospital announced Thursday.

Pizza joints, brewery rekindle West Clay retail hopes

March 5, 2015

Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.

LOPRESTI: Meet the real hosts of college basketball’s Final Four

March 5, 2015

The NCAA lists the Horizon League and IUPUI as official hosts. Indiana Sports Corp. does most of the legwork, and the NCAA signs all the checks, so just what do you do if you’re the official Final Four host?

Deluge of downtown projects averts construction dry spell

March 5, 2015

A spate of large real estate projects in the pipeline for downtown is providing a shot in the arm for a local construction industry still rebounding from the recession.

Analysis: New nursing homes didn’t cause glut

March 5, 2015

An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.

Strong local economy driving real estate sectors

March 5, 2015

Leaders of the local office of the DTZ real estate services firm delivered an optimistic message at the firm’s annual State of Real Estate outlook, as the city’s economy drives growth within the real estate market.

Reverential feel inspires book about ‘Indiana’s Basketball Cathedral’

March 2, 2015

Eric Angevine came to Indianapolis in 2010 to do one-off stories for ESPN.com's travel page on Lucas Oil Stadium and Hinkle Fieldhouse. Angevine was overcome by emotion as he entered Hinkle, and the trip resulted in the first ever book about the storied venue's history.

Company news

March 2, 2015

Malicious software used to hack into Anthem Inc.’s computers and steal 78.8 million patient records bears a striking resemblance to malware attributed to Chinese hackers, according to a Virginia-based security firm, ThreatConnect. The chief information officer of ThreatConnect told the Washington Post that the same malicious software was used to target a small U.S. defense […]