Simon Property Group and Real Estate & Retail

Bren Simon makes $21M California land purchase

May 28, 2010

Bren Simon, the widow of Melvin Simon, has bought three adjoining properties in California's Ventura County for nearly $21 million and plans to build a home there, The Wall Street Journal reported Friday morning.

Bren Simon already owns a mansion in the Bel Air neighborhood of Los Angeles that she has put on the market for $50 million. IBJ reported she was selling the mansion in an April 15 story.

The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said. Two lots have homes and the third is used for livestock operations.

Bren Simon put her 20,000-square-foot Bel Air estate on the market in late February, about six months after the death of Melvin, the billionaire co-founder of Indianapolis-based Simon Property Group Inc.

It's not clear whether the planned sale could become an issue in the legal battle over Melvin's estate launched in January by his daughter Deborah.
 

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