Real estate billionaire David Simon is facing a make-or-break moment whether he can reinvent his mall business with a controversial bet on JCPenney

Shaniqua Juliano

Real estate titan David Simon is set alongside another large landlord to acquire JCPenney’s brand and operations, including 550 stores it owns or leases. It’s Simon’s largest push yet beyond owning malls into possessing the retail businesses that occupy them, a divide few owners have crossed. © Mireya Acierto/Getty Images; […]