Shopping Centers

Simon taps Pace bonds to fund energy projects

April 8, 2013
Bloomberg News
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
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Barron's enthrones Simon among world's best CEOs

March 25, 2013
Mason King
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon's Jeff Bezos and Larry Page of Google.
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Two projects would give Nora Plaza a face-liftRestricted Content

March 23, 2013
Scott Olson
The developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing store.
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Simon differs from other mall owners on teen policy

March 13, 2013
Kathleen McLaughlin
As local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property Group is standing by a corporate policy against restricting access to its properties.
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Simon unit suing Stir Crazy chain for unpaid rent

February 1, 2013
Scott Olson
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
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Kite continues Southeast push with $37.3M in acquisitions

December 27, 2012
 IBJ Staff
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
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Retail, apartment blitz hits Fishers

December 8, 2012
Cory Schouten
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
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As Simon soars, two big mall anchors retrenchRestricted Content

December 1, 2012
Greg Andrews
Are Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears and JCPenney?
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South-side shopping center fills up on shoes, furnitureRestricted Content

November 24, 2012
Shoe Carnival, Rooms Express will bring Southport Plaza to full occupancy for the first time in four years.
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Battered Broadbent climbs back from brinkRestricted Content

November 10, 2012
Cory Schouten
One of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and protracted legal battle with two lenders.
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Tax bills slashed for pair of ailing mallsRestricted Content

October 20, 2012
Kathleen McLaughlin
Marion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette Square Mall and Washington Square Mall roughly in half.
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VIDEO: Work on Fashion Mall at Keystone enters home stretch

September 26, 2012
Mason King
Fashion mall watch VideoMuch-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall owner Simon Property Group provided a sneak peek on Wednesday of work under way.
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Simon again considering acquisition of shopping mall rival

August 24, 2012
 IBJ Staff and Bloomberg News
One of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed acquiring the Chicago-based shopping mall competitor.
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Fashion Mall landlord suing tenant over unpaid rent

July 30, 2012
Scott Olson
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer owes it $64,000 in unpaid rent.
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J.C. Penney sells Simon Property stake for $248M

July 23, 2012
Associated Press
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
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A year later, Circle Centre Nordstrom vacancy lingers

June 30, 2012
Cory Schouten
Without a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace Nordstrom, though it would take only a portion of the available space.
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RACE: Reinventing commercial strips has economic upsideRestricted Content

June 30, 2012
Bruce Race / Special to IBJ
Savvy cities understand strip commercial corridors are economically and environmentally unsustainable.
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LEADING QUESTIONS: Big Car director helps drive growth

June 27, 2012
Mason King
LQ_Walker_WatchVideoThe Big Car arts collective is shifting into a higher gear, with a budget this year of $250,000, a new westside events hub, and a paid staff that no longer fits into a sedan. Executive Director Jim Walker provides a front-seat view.
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Kroger convinces council member of need for gas station

June 26, 2012
Kathleen McLaughlin
Kroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis City-County Council member who'd threatened to stand in its way.
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U.S. retail chains spending billions in bet on growth

June 7, 2012
Bloomberg News
For all the concern that the U.S. economy may be slowing, retailers from Express Inc. to Indianapolis-based Finish Line Inc. are poised to spend the most on capital improvements since the recession.
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Developer ups retail ambitions for 86th-and-Keystone siteRestricted Content

June 2, 2012
Cory Schouten
A Wisconsin developer has beefed up plans for the southwest corner of East 86th Street and Keystone Avenue across from The Fashion Mall at Keystone.
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Developer Kite to remake key corner in CarmelRestricted Content

May 26, 2012
Cory Schouten
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
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Steak n Shake woos real estate pros

May 23, 2012
Cory Schouten
Steak n Shake made a big splash at the International Council of Shopping Centers deal-making convention in Las Vegas as it pushes an aggressive plan to grow via franchising.
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Simon boosts dividend after gains in sales, occupancy, rent

April 27, 2012
Cory Schouten
Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
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Castleton Square will get new stores catering to youthRestricted Content

April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
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