Vijay Kumar Vemulapalli, principal of Washington Square owner Durga Property Holdings, said he thinks the city of Indianapolis is issuing code violations in an attempt to force him to sell the property.
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Herbert Simon, 90, partnered with his brother, Melvin Simon, in 1960 to launch real estate company Melvin Simon & Associates.
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In his debut earnings call in the role of Simon Property Group’s chief executive, Eli Simon talked about what drove $1.76 billion in first-quarter revenue.
Indianapolis-based Kite Realty Group has owned Glendale Town Center since it acquired the shopping center then known as Glendale Mall for $20 million in 1999.
The real estate investment trust bettered Wall Street expectations in 2025, thanks to increases in the rent it charges retailers and the increasing numbers of shoppers and higher sales figures across its 254 properties.
Developers and architects are teaming with the town of Cumberland and Indianapolis City-County Councilor Michael-Paul Hart for a study into the deteriorating retail center’s potential, the parties announced Wednesday.
Travelers and St. Paul Fire and Marine filed a lawsuit against Washington Shoppes on Nov. 26 in Marion Superior Court.
Consumers have turned to online deals to make post-Thanksgiving purchases from the comfort of their own homes—or opt to stretch out spending across longer promotions now offered by retailers.
Taubman, headquartered in Bloomfields Hills, Michigan, was founded in 1950 and grew into one of the largest owners of high-end shopping centers in the United States.
The retailer’s products will be available through instant checkout in ChatGPT—allowing users to buy anything from meal ingredients or household items, to other goods they might be discussing with the chatbot.
Competing visions—from the mall’s current majority owner and a local politician—aim to revamp the entire 1.1-million-square-foot shopping center.
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Indianapolis-based Simon Property Group Inc., the largest owner of malls in the United States, said it signed a record number of leases in 2024.
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, Balenciaga, Gucci and Versace.
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
Over the next month, the Fashion Mall at Keystone will welcome three stores that are new to Indiana.
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Orange chicken and Frappuccinos will be sold from standalone locations near the intersection of North Keystone Avenue and East 62nd Street.
A consortium that includes Indianapolis-based Simon Property Group has offered a non-binding letter of intent to potentially purchase the majority of its stores and operations. Four Indiana stores are slated for closure, according to bankruptcy papers.
Macy’s Inc., which did not release a list of stores it will shutter, also said it will expand its higher end Bloomingdale’s and Bluemercury chains.
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
Victims of the July 2022 shooting at the Greenwood Park Mall are suing Simon Property Group and its security company, alleging that the shooting that left three people dead and others injured was foreseeable and could have been prevented.
