By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.
Commercial real estate prices are skyrocketing in Fountain Square, where property owners seem emboldened by a resurgence of interest in the historic neighborhood southeast of downtown.
Macerich Co.’s rejection of a $16 billion buyout offer and adoption of takeover defenses leaves Simon Property Group Inc. with few options but to make a higher bid to win the mall landlord.
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts and investors expect Simon will make a higher bid.
Indianapolis Business Journal gathered leaders in the state's technology industry for a Power Breakfast panel discussion March 13. Among the topics the panel discussed were top IPO candidates, tech trends, and attracting venture capital from Silicon Valley.
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
The Minneapolis-based discounter with 12 Indianapolis-area stores hopes to become more agile to compete in an increasingly competitive landscape and appeal to shoppers who are buying and researching on their mobile devices.
Michael Grimes, 37, vice president of omni-channel marketing for Finish Line Inc., is the athletic-shoe powerhouse’s key integrator of store and online experiences for customers.
The state Department of Education has granted 37 public school districts and 13 private schools permission to hold online learning days in cases of inclement weather this school year.
The teen-fashion retailer has filed for bankruptcy and started close-out sales at all of its 92 locations, including in Carmel and downtown Indianapolis.
Teen retailers are facing ho-hum results at a time when overall U.S. retail sales are up 5.1 percent over the past 12 months, the Commerce Department said Thursday.
Given my strong support for early childhood education programs, you might suppose I think Gov. Pence mistaken in his decision to forgo some $85 million in federal support for early childhood education. I do not. Accepting this money would have been easy, popular and wrong.
Moody’s Butcher Shop closed its North Michigan Road strip-mall location last week to prep for a move to larger digs in the heart of Zionsville’s historic village business district. How is the founder of Georgetown Market involved?
