The transaction comes about a month after San Francisco-based Prologis made an unsolicited bid for Duke Realty of Indianapolis worth 0.466 of a Prologis share following months of talks.

The Indianapolis Star reports the plot includes a 41,762-square-foot mansion, a private lake, terraces and formal gardens.

Indianapolis officials will be asking developers for potential new uses for the 28-story City-County Building as about half of it will be vacated in the coming months with the opening of a new criminal justice complex.

The Homerlee Business Park will be located in East Chicago, Indiana, less than a mile from Interstate 90 and near the Interstate 80/94 expressway.

A number of studies have found that Black-owned homes are undervalued when compared to those of white homeowners. This is especially true in historically Black neighborhoods.

Indiana lawmakers are fine-tuning a state law that forces school districts to offer vacated buildings to charter school organizations, despite an ongoing court challenge from schools.

Mayor Joe Hogsett joined Downtown Indy, Inc the Commercial Real Estate Alliance and other stakeholders Wednesday to share an update on projects in Downtown Indianapolis.

The companies said Sunday that Simon will pay $43 per share for Taubman, down 18 percent from the price of $52.50 when the deal was announced in February.

The lawsuit filed by Simon in Delaware state court claims The Gap failed to pay nearly $66 million in rent and other charges during months when the retailer was closed.

Mall owner Simon Property Group said in a lawsuit filed this week that the clothing retailer owes three months of rent, totaling $65.9 million.