The Indianapolis-based shopping mall giant is getting a leg up on the emerging trend of online-only retailers moving into brick-and-mortar stores, a strategy analysts say could net the company a big payoff as it looks to develop new tenants.
On Monday morning, the Johnson County Coroner’s Office said two men were pronounced dead at the scene, and a woman and a man were pronounced dead at local hospitals.
The judge in the case found that the COVID-19 pandemic didn’t excuse Regal from covering its rent at the theaters, which are now in default for the lack of lease payments.
The ownership group plans to begin conversations with potential developers in the near future, after receiving suggestions from four design groups for remaking the massive property as a mixed-use district.
Indianapolis-based Simon and Brookfield, which together bought rival department-store chain J.C. Penney Co. out of bankruptcy, have offered $68 a share for Kohl’s, according to people with knowledge of the talks.
The disclosure of the group’s composition is the first since the mall opened in 1995, and comes about one week after Circle Centre Development acknowledged Simon Property Group’s exit.
The remaining owners announced Friday that they were soliciting ideas for ways to redevelop the shopping center with an eye to multiple uses.
The Indianapolis-based shopping mall giant benefitted from a return of foot traffic to shopping centers after pandemic restrictions eased across the country.
Susan Orr and Indianapolis-based Simon Property Group Inc.—the largest owner of shopping malls in the United States—on Monday reported second quarter financial results that exceeded analyst expectations.
Indianapolis-based shopping mall owner Simon Property Group was among the companies hit hard Monday, with its stock falling 5.9%, to $117.19 per share.
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Simon Youth Academy, an alternative high school in Indianapolis Public Schools, was created to help juniors and seniors in danger of dropping out. This year, 62 students earned diplomas from the school based in Circle Centre mall—the most in its six-year history.
Eli Simon, whose grandfather and great-uncles founded Simon Property Group more than a half-century ago, is quietly emerging as a key executive in the retail real estate empire.
The outdoor gear and apparel retailer is slated to join a growing stable of high-profile retail brands owned by Indianapolis-based Simon Property Group and its partner.
The Indianapolis-based mall operator said it’s seeing good early results from J.C. Penney, which Simon and a group of co-investors purchased out of bankruptcy in December.
Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
Washington Prime Group, a Simon Property Group spinoff that owns several other local shopping centers, barely missed defaulting on a $23.2 million interest payment this week before securing a forbearance agreement that ends on March 31.
New York City-based RCS said the agreement Simon Property Group made with Premium Apparel LLC will keep all 235 stores in Simon malls open.
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
