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.
Bryce Caldwell plans to open an Italian restaurant called Pioneer on June 1, more than three years after his original plan to launch on New Year’s Day 2012.
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
The five-story development will include 96 luxury apartments, a regional headquarters and branch office for the bank, and space for a restaurant or retail business.
The Eagle, a Cincinnati-based restaurant operated by the Bakersfield ownership group, will occupy space Stout’s Shoes is vacating as part of a store downsizing.
February’s record-cold temperatures apparently put a chill on new-home buying in central Indiana, the Builders Association of Indianapolis reported Thursday.
The Broad Ripple High School graduate enjoyed an architecture and design career that spanned the globe and included some of the most significant buildings of the postmodern era. In Indianapolis, they included the NCAA Hall of Champions.
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.
Analysts say Simon has reason to covet Macerich, whose 40 best malls have lofty sales per square foot of $618.
Indianapolis Public Schools has threatened to tear it down to make way for more parking. But now it looks as though it’s giving Indiana Landmarks carte blanche to find a buyer to save the structure.
Bill Ehret, who co-founded the largest commercial real estate brokerage in Indianapolis, has left the company to open a local office for global firm Avison Young Inc.
Two Beech Grove officials said a $3.75 million agreement between Franciscan Alliance and Los Angeles-based DealPoint Merrill expired on Tuesday without closing, leaving the future of the mammoth campus in question.
The complaint, which was filed by Republican mayoral challenger Jeff Harpe, argued that Westfield officials violated Indiana’s Open Door Law during the process of approving plans to build an indoor soccer facility at Grand Park sports campus.
A new subdivision with 315 homes could displace a golf course in Westfield, but so far city officials and residents aren’t sold on the plan.
The First Financial Bank branch at the northeast corner of Pennsylvania and Washington streets will close in May, while a restaurant from an Irvington couple opens on East 16th Street.
Three vacant structures at an intersection just north of East 16th Street have been purchased by two developers planning a mix of office and retail for the struggling area.
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.
An auction to liquidate millions of dollars in inventory from now-defunct retailer Clark Appliance has been scheduled for March 28-29, Indianapolis-based Key Auctioneers announced Friday.
The Federal Emergency Management Agency announced last week that it had suspended the hazard mitigation grants for Indiana because parts of a Kokomo ballpark are being built in a flood-prone area that is supposed to remain green space.
Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.
