Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
Simon Property Group
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Target no longer eyeing Circle Centre for downtown store, sources say
With Target out of the picture, the ground floor of the former Carson’s space in Circle Centre will be marketed to multiple retail, restaurant and entertainment tenants, sources said.
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Chain of coworking centers planning 10 locations in Indianapolis area
A growing Ohio-based chain of coworking centers announced Monday that it plans to venture into Indiana for the first time by opening a location at Hamilton Town Center in Noblesville in spring 2020.
Forever 21 officials asked landlords about possible acquisition, sources say
A small faction of officials at the struggling 800-store retailer talked to mall owners Simon Property Group Inc. and Brookfield Property Partners LP about a range of options, including a sale, according to people with knowledge of the matter.
What’s next for Simon Property Group’s sagging stock price?
The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.
Circle Centre sees larger annual profit, lower sales
Circle Centre saw its profit and store count rise in 2018, mall manager Simon Property Group said. But the financial performance of the downtown shopping center significantly trailed other properties in Simon’s portfolio.
Florida-based theme restaurant chain to open local mall location
A Florida-based theme restaurant chain licensed by the Ford Motor Co. has chosen Hamilton Town Center in Noblesville for its first location in Indiana, mall owner Simon Property Group announced Monday.
Mainstream retailers embrace CBD despite unproven benefits
CBD’s growing demand persists despite very little evidence for all the health claims the industry touts.
Indianapolis-based Simon launches online shopping platform
The platform, called SPO, focuses on Simon’s Premium Outlet properties and is now in beta testing with the company’s VIP Club customers.
After months of hints, David Simon to roll out new business unit
The CEO of Simon Property Group says the company's "fifth platform" will leverage its huge customer base—its more than 220 properties draw more than 100 million customers who make 2 billion visits a year.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
City seeks walkability, better flow in Castleton
Castleton remains central Indiana’s most expansive retail corridor, but does its retail focus—and its car-centric layout—suggest trouble lies ahead?
Simon Property CEO ‘nervous’ about more retail bankruptcies
Simon Property Group managed improvement in every significant financial category in 2018 despite a landslide of retailer failures. On Friday, CEO David Simon said the company will have to continue to navigate through more store closures.
Simon Property raises outlook after solid third quarter
Simon Property Group Inc. on Thursday raised it outlook for the rest of the year after surpassing analyst expectations in a key quarterly performance category for real estate investment trusts.
Former online-only retailers setting up shops in malls near you
Stiffening competition, surging online advertising costs and cheap mall space have prompted web retailers like Warby Parker and Bonobos to open physical stores, including locations in Indianapolis.
Simon to weather, maybe even benefit from Sears’ decline, analysts say
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
Simon Property’s second quarter performance beats analyst expectations
The Indianapolis-based shopping mall giant also raised its full-year forecast after exceeding forecasts with its financial results.
Circle Centre profit gets lift from eateries, IPS tax cut
The mall posted higher profit and improved sales per square foot in 2017, though retail observers say it remains at a crossroads following the closure of its last department store, Carson’s.
Simon hiring from within to replace departing CFO
Brian McDade has been with the retail real estate giant for 14 years, serving in various senior finance and accounting roles.
Owners of failing malls ‘on their knees’ as buyers disappear
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.