Simon exploring bid to purchase rival General Growth
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.
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Articles
Remnants of failed Premier Properties finally hit market
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.Barber shop thrives on retro appeal
Brownsburg’s Everyday Joe’s Barber Shop offers personal touch and a retro look.
Simon buying General Growth debt for possible takeover
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth’s debt.
Overrun with Chihuahuas
The Bay Area has zillions of the tiny dogs. But Indianapolis isn’t part of the airlift strategy.
General Growth deal would extend Simon’s mall dominance
Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.First decade of century marked by buyouts and bubbles
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
ALTOM: How does 3G matter to your cell phone?
3G is the third generation of cell technology and is designed to make it easier to send video and other bandwidth-hungry material.
DINING: Franklin spinoff centers on brick oven offerings
Richard’s Pizza Kitchen kicks off a month of new pizzeria reviews.
STYLE: A former costumer tries sleepwear
Catherine Fritsch exercises her night vision, creating a line of camisoles and more.
Construction
-Holladay Construction Group has completed a 15,000-square-foot tenant build-out for Gearhead Performance at 5225 Decatur
Blvd.-Alt Construction has completed a 7,800-square-foot industrial/office build-out for Universal Blower Pac
Inc. at 440 Park 32, West Drive, Noblesville.-Charles C. Brandt Construction Co. is remodeling the 6,500-square-foot
office of Gared Sports at 9200 E. 146th St., Noblesville. Gared is open during the project, which is scheduled to be completed
Feb. 26.-Alt Construction has completed a 1,600-square-foot build-out for The Game Preserve at Fashion Mall Commons,
8487 Union Chapel Road.
Leasing/leasing contracts
-EJP Inc., a flea market, leased 29,000 square feet at 3900 S. East St. Liz Yoho of Providence Development represented the landlord, Expo Bowl Inc. The tenant represented itself.
-R. Falcone Automotive Inc. leased 19,632 square feet at 1906 W. 16th St. Mark Writt and Greg Witkowski of CB Richard Ellis represented the owner/landlord, 16th Street Properties LLC. The tenant represented itself.
-Hill-Rom Co. Inc. leased 9,000 square feet at 8531 Zionsville Road in Building 2 of the Park 100 Industrial Center. Tom Cooler and Mark Writt of CB Richard Ellis represented the tenant. The owner, ProLogis, was represented by Brett Spitzer of NAI Olympia Partners.
-USA Medical Inc. leased 6,888 square feet at Plaza at Castleton, 8470 Castle Corner Drive. Scot Courtney, Cindy Hoskinson and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, Castleton Shopping Center LLC. The tenant was represented by Bart Jackson of Grubb & Ellis Harding Dahm & Co.
-Katzman & Katzman PC leased 5,853 square feet of office space at 3500 DePauw Blvd. Scott Levinson of Urbahn Cos. represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Friaco’s Mexican Restaurant leased 3,200 square feet at Fishers Corner Shoppes, 11680 Commercial Drive, Suite 1000, Fishers. Nick Wright of Midland Atlantic represented the tenant. The landlord, SENA Realty FC LLC was represented by Williams Realty Group.
-Serenity Counseling Services leased 2,070 square feet at Vista Professional Center, 432 S. Emerson Ave., Greenwood. Cathy Richards of Grubb & Ellis Harding Dahm & Co. represented the tenant and the landlord, Adelphia Properties LLC.
-Downtown Comics Inc. leased 1,040 square feet at Chapel Hill Shoppes, 7301 W. 10th St. Scot Courtney and Bart Jackson of Grubb & Ellis Harding Dahm & Co. represented the landlord, GSR LLC. The tenant represented itself.
-Landrum’s Cleaning LLC leased 2,553 square feet at 8770 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin L. Boyd and David A. Moore of Colliers Turley Martin Tucker. The tenant represented itself.
-Talagy leased 3,801 square feet of office space at 3500 DePauw Blvd. Darrell Pike of Precedent Real Estate Services represented the tenant. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett Williams of Colliers Turley Martin Tucker.
-Verizon Access Transmission Services leased 3,427 square feet of office space at 550 Congressional Blvd., Carmel. Michael Swanson of Jones Lang LaSalle-Southwest represented the tenant. The landlord, 550 Congressional Blvd. LLC, was represented by David A. Moore, Darrin L. Boyd and Mary Beth Kohart of Colliers Turley Martin Tucker.
-Paws Ability leased 2,800 square feet at Plainfield Village on U.S. 40. The landlord, The Broadbent Co., was represented by Jeff Roberts. The tenant represented itself.-Millennium Sounds leased 2,800 square feet at Clearwater Shoppes, 82nd Street and Dean Road. The landlord, The Broadbent Co., was represented by John Beuoy. The tenant represented itself.
-The Game Preserve Inc. leased 1,600 square feet in Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Robyn Smart of CB Richard Ellis. The owner/landlord, Fashion Mall Commons I LP, was represented by John Beuoy of The Broadbent Co.
STYLE: Interior designer Nikki Sutton makes a name for herself
Nikki Sutton knows she’s a talented interior designer. Now, she’s making herself a brand.
Simon making $10B bet on future of malls
Wall Street today is cheering Simon Property Group Inc.’s giant bet on the future of retail real estate, a sector that
appeared left for dead just months ago. The nation’s largest mall owner has offered $10 billion to take over its
nearest rival, Chicago-based General Growth Properties Inc., which is in bankruptcy.General Growth snubs initial offer from rival Simon
Simon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt
rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.Simon’s $10 billion bid for bankrupt General Growth roils retailing
Simon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The
Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation’s largest mall owner succeeds
in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.Brookfield deal doesn’t put Simon out of General Growth game
The bid by Simon Property was an “initial salvo” and the Brookfield plan likely will prompt a new offer from the Indianapolis-based
mall owner, real estate research analyst says.WISH-TV to replace Martha Stewart with local style show
Daily morning talk show will feature local food, fashion, fitness and fads, but must separate itself from crowded cable market.
Battle for General Growth biggest real estate fight in years
The battle for General Growth Properties Inc., owner of more than 200 U.S. malls, is turning into the biggest real estate
skirmish since the sale of Sam Zell’s Equity Office Properties Trust.LOU’S VIEWS: In Defense of Rodgers and Hammerstein
Indianapolis Civic Theatre and Footlite Musicals take on musical theater milestones “Oklahoma!” and “Carousel.”