Melvin Simon estate collects $944M from share sale
Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
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Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
While awaiting word on a possible $75,000 grant from the city of Carmel, Actors Theatre of Indiana made a plea for emergency donations Wednesday afternoon.
What most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional path in just about every way possible.
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
Code dating to 1969 to be updated to encourage density, sustainability and mass transit.
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates and the local industrial market.
Pharmaceutical industry heavyweights, including Eli Lilly and Co., are teaming up to improve the way experimental drugs are tested so they can get approved, and reach patients, faster.
A panel conversation with Katie Culp, senior managing director, principal, Cassidy Turley; Mike Higbee, president, DC Development Group; Christie B. Kelley, chief financial officer, executive vice president, Duke Realty Philip; G. Kenney, president, F.A. Wilhelm Construction Co.; Thomas K. McGowan, president and chief operating officer, Kite Realty Group; and Tadd M. Miller, CEO, Milhaus Development LLC.
Investigators say a large fire that damaged two houses on the southwest side of Indianapolis late Monday night was intentionally set. Police have identified two possible suspects in connection with the fire in the 2200 block of West Morris Street. The fire caused an estimated $55,000 in damage to a vacant house and $20,000 in damage to a home next door. No injuries were reported.
Police have arrested 13 individuals on prostitution-related charges after an investigation into Asian massage parlors in Indianapolis, Plainfield, Shelbyville and Greensburg. Police said the operation included undercover work and coordination among several law-enforcement agencies. The charges include prostitution, promoting prostitution, patronizing a prostitute and corrupt business influence. Police also seized more than $115,000 in cash.
Marion County Prosecutor Terry Curry said Wednesday that he is filing multiple charges against more than a dozen members of two competing south-side Indianapolis gangs, the “Problem Child Gang” and “Fountain Square Boyz.” Charges range from criminal gang activity to battery and corrupt business influence. Investigators said the gangs are behind a series of crimes, including robberies, drug sales, graffiti and gun crimes. Many of the gang members are juveniles.
California-based Ingram Micro agreed in July to buy BrightPoint for about $840 million, including $190 million in debt.
Valero Energy Corp., the third-largest U.S. ethanol producer, has restarted distilleries in Nebraska and Indiana, as profit margins for the fuel improved.
Enrollment in Fort Wayne Community Schools is projected to surpass enrollment in Indianapolis Public Schools, making it Indiana's largest school district.
Federal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
Berry Plastics Group Inc., the largest private company in Indiana, may set terms for its initial public offering as soon as this week, said two people with knowledge of the matter.
Oscar Robertson’s money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he’s trying to convince a judge that he’s not responsible for a $203,000 bank loan.
Earth, Wind and Fire performs Sept. 26 at the Murat. Details here.
Lotus Fest, Bloomington’s annual arts celebration, includes performances by Richard Thompson, Chris Smither, Ben Sollee, Dehli 2 Dublin, Global Rhythms and much more at various locations Sept. 20-23. Details here.
Visual artists and writers are challenged to create new work in a limited time for Masterpiece in a Day in Fountain Square. The competition, along with the Fountain Square Art Fair and Art Parade, makes up Art Squared, Sept. 22. Details here.
Storyteller Clare Murphy performs “Away with the Fairies” for family audiences Sept. 21 and “The Mad Myths of the Irish,” for adults Sept. 22 at the Indiana History Center. Details here.
The Punkin Holler Boys play as part of the Indy Folk Series at the Unitarian Universalist Church of Indianapolis Sept. 22. Details here.
Acting Up Productions stages the Thornton Wilder classic “Our Town” Sept. 21-30 at the HJ Ricks Center for the Arts in Greenfield. Details here.
Sept. 22
IndianaStateFairgrounds
The annual art and music exhibition moves to a new location this year, with bands on four stages and artists throughout the Indiana State Fairground’s Centennial Hall. Entering its second decade, the 21-and-over event runs from 8 p.m. to 2 a.m. Details here.
Sept. 20-Oct. 21
Phoenix Theatre
Hot off the success of “Avenue Q” and “Spring Awakening,” Phoenix Theatre dives into another edgy musical—one that feels like an oddly perfect one for election season. It’s a twisted, anachronism-filled take on the life of the ninth president that, supported by a terrific score, explores populism (yea! yea!) at its most robust. Sample lyrics: “You can compromise all you want/they’re still drunk and smell like pee/Do you really want America run by a man from Tennessee?” Details here.