Delta Faucet cutting 40 more jobs at Greensburg plant
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail
sales and a sluggish housing market.
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Articles
Former Saturn franchise in Fishers enters new orbit
An All Things Automotive franchise is replacing Saturn of Fishers. The concept, aimed particularly at displaced Saturn dealers,
involves used-car sales and service bays stocked by Carquest.
General Growth investors add $3.93B to Brookfield plan
The cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Magazine names Fishers ‘top affordable suburb’
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for “livability, safety, education, and economic performance.”
Simon Property CEO uses hard-nosed style to excel at acquisitions
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation’s largest mall owner—is trying to land his biggest deal yet.
Legal battle over Simon estate plan puts big gifts in limbo
Billionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it
could be up to his widow, Bren Simon, whether to fulfill that wish.
Motorsports park proposed for southwest side of Indy
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road.
Judge signs off on Hansen & Horn liquidation
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved
its liquidation on Wednesday.
Bankruptcy court gives General Growth more time
Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy
and weigh buyout offers–including a $10 billion bid from Indianapolis-based Simon Property Group Inc.
Bankruptcy court gives Simon Property target more time
Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy
and weigh buyout offers.
Timber industry seeks respect, profit from ‘green’ standards
Why should bamboo imported from Asia or steel made through intensive use of energy be consider greener than locally grown
trees? timber interests ask.
Center Township revival in the offing?
Finally, a perceptible population spurt. One observer thinks the future is bright.
Zoning board denies new digital sign for IBJ Media
A city planning board has denied a request from IBJ Media Corp. for a new sign including a small variable-message component
outside its headquarters at 41 E. Washington St.
Creditors: General Growth biased toward Brookfield proposal
General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.
Simon daughter questions using father’s estate to pay donations
Pledges to St. Vincent, Indianapolis Museum of Art should be paid by trusts, foundations affiliated with Bren Simon, court
papers allege.
Tag readers come to real estate
Soon, you’ll be able to point your smart phone at a code in an advertisement or yard sign, and take a virtual tour of
a house.
Group pitches motorsports park for southwest side
A local man wants to build a motorsports park complete with a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road on the southwest side.
General Growth sets timeline for reorganization, plans IPO
General Growth, the bankrupt takeover target of Simon Property Group, aims to confirm a reorganization plan by Oct. 5. In addition, it said it will launch an initial public offering on Friday.