Report: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
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Articles
GM plant property goes back on block
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
Mixed-use Anson gains momentum after slow start
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Zionsville project lands Fresh Fare grocery
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
Circle Centre promises prompt repairs to Artsgarden leak
A chunk of plaster fell Wednesday afternoon from the iconic walkway onto the intersection of Washington and Illinois streets, due to a water main break.
Land near hot Fishers interchange set for sale after default
A couple of months after the sheriff's sale of the Fishers Banquet and Conference Center, an adjacent property with the same owners also is headed to auction.
Circle Centre reports mixed bag of operating results
Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
Irvington officials seeking developer for high-profile parcel
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
Hudson’s Bay moves closer to IPO after $2.6B acquisition
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Developer scales back Ed Martin-anchored Noblesville project
The Noblesville City Council approved a rezoning request for the Toyota dealership aspect of the project Tuesday, but development deals for a new road, housing, a transit station and drainage improvements were dropped.
IPS puts six surplus properties up for sale
The school district is using a bidding process to attempt to unload the vacant buildings, including the downtown Phillips Temple.
Five buildings set for construction this fall at Carmel City Center
Three buildings are expected to be reviewed by the Carmel Redevelopment Commission Architectural Review Committee this month.
Northern communities identify gateways for aesthetic improvements
The northern Indianapolis suburbs are struggling to improve their doorsteps despite tight budgets, right-of-way acquisition obstacles and fickle public tastes.
Opus building $10.9 million warehouse on west side
The Minneapolis-based developer is constructing the facility on a speculative basis, as demand for industrial space in the metropolitan area remains high. The building should be finished in February.
Deal to redevelop Tinker Flats building falls through
King Park Development Corp. is pursuing another developer to rehab the building on East 16th Street after a Noblesville firm pulled out of a deal to convert part of it into a hub for food-and-beverage startups.
Downtown building tenant adds beehives to rooftop
The roof of The Buick building at 13th and Meridian streets features two honey beehives, occupied by more than 20,000 bees apiece.
Cumberland hopes new proposal can save historic church
Officials in the town of Cumberland are in discussions with a local developer on a plan that could save a historic church from the wrecking ball.
Cannon IV puts downtown HQ property on market
The longtime distributor of printing cartridges hopes to fetch $3.3 million for the nearly 3-acre site in the Cottage Home neighborhood. It hopes to stay downtown but in smaller digs.
Banks shuffle downtown Indy locations
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
Fishers airport compromise puts prime land into play
The runway at Indianapolis Metropolitan Airport in Fishers is set for an upgrade, and dozens of acres on the airport’s perimeter might be developed for industrial and retail use—signaling a turning point in a long-simmering feud.