11/3/2010

Simon Property Group is launching a $1.5 billion renovation program for many of its regional shopping centers next year that will stretch into 2013. At least 16 shopping centers will receive a rehab, much along the lines of what the REIT has planned for Fashion Mall at Keystone, in the Indianapolis area. There, it plans to remodel the food court and connect the center's two wings with a bridge.

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