Articles

Sears closings shouldn’t be big problem for Simon

Simon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.

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Simon widow loses another battle in estate fight

The Indiana Court of Appeals ruled Bren Simon doesn’t have legal standing to challenge a judge’s decision not to recuse himself from overseeing the court fight over her late husband Melvin’s $2 billion estate.

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Fashion Mall getting big upgrade

A multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores, many of them new to Indianapolis.

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Simon Property Group signs CEO to long-term contract

Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.

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Nordstrom closing Circle Centre store

Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.

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