Black-lit mini-golf course opens on Circle Centre’s fourth floor
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
Shopping Centers
Articles
Broadbent subsidiary seeks bankruptcy reorganization
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
Fishers shopping center lands new tenants
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
Simon sees improving retail conditions, analyst says
Simon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
Simon mall deal gives big boost to cell-phone coupons
The partnership between Simon Property Group and technology company Shopkick Inc. is a
big step in realizing retailers’ long-held dream of using cell phones to beam ads and coupons to people passing by.
Nordstrom confirms plans to open Rack store in Indianapolis
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
Lawsuit targets Simon’s leasing tactics
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest
mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle
mall near Mishawaka.
Retailers gain upper hand in negotiations with landlords
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
Simon competitor General Growth files reorganization plan
General Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner
behind Indianapolis-based rival Simon Property Group Inc.
Fire guts Carmel retail center
A lightning strike is suspected of causing an overnight blaze that wiped out about 10 stores near 106th Street and Michigan
Road.
Washington Square area getting first new retail strip in three years
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
Circle Centre sues restaurant Bella Vita over unpaid rent
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
Indoor amusement center could have new owner
Springfield, Mo.-based America’s Incredible Pizza Company is negotiating to purchase Xscape and could have a deal finalized
as soon as Wednesday.
UPDATE: Water-main break closes part of Castleton Square
Simon Property Group spokesman Les Morris said 110 out of 130 mall stores were open late this morning.
Rivers Edge lands Nordstrom Rack, The Container Store
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has
recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment
of Shops at Rivers Edge along 82nd Street at Dean Road.
Simon plans to rejoin retail leasing event
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation’s retail lease deals are consummated.
Upcoming ICSC convention will offer insight into growth plans for retailers
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
Simon biding its time after failed bid for rival
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.
General Growth still backing Brookfield despite new Simon bid
General Growth Properties Inc. rejected Simon Property Group Inc.’s “best and final” offer.