May 7, 2012
Cory SchoutenSimon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote
against an employment agreement for CEO David Simon that includes a $120 million retention award.
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May 2, 2012
Cory SchoutenA locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust
in Canada.
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April 27, 2012
Cory SchoutenSimon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square
foot. Simon malls were 93.6-percent occupied, up from 93 percent.
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April 26, 2012
Indianapolis-based Duke Realty Corp.’s financial performance in the first quarter met analyst expectations even though
the company suffered a $36 million loss and saw revenue decline by $65 million.
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March 8, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property
European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
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February 28, 2012
Cory SchoutenForever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore
at the south entrance to the mall and is targeting a summer opening.
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February 9, 2012
The Indianapolis-based real estate investment trust earned a profit of $3.1 million for the quarter ended Dec. 31, but lost
$800,000 for the entire year.
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February 3, 2012
Simon Property Group Inc., the largest U.S. shopping-mall owner, reported a 6.3-percent gain in fourth-quarter funds from
operations as income from rents rose.
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January 25, 2012
Indianapolis-based Duke Realty Corp. slightly exceeded analyst estimates with it financial performance in the fourth quarter,
the company reported Wednesday.
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December 29, 2011
Kathleen McLaughlinSimon 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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December 6, 2011
Cory SchoutenNew rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group
Inc. as it seeks to expand its shopping mall dominance outside the United States.
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November 10, 2011
Associated PressIndianapolis-based Simon Property Group Inc. on Thursday said it plans to sell $1.2 billion of new debt to repay older debt.
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November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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November 2, 2011
Cory SchoutenKite Realty Group Trust Inc. saw a smaller loss in its third quarter compared to a year ago, along with higher revenue and
occupancy rates at its retail properties, the Indianapolis-based real estate investment trust announced Wednesday afternoon.
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October 26, 2011
IBJ StaffDuke Realty Corp. lost $32.1 million in the third quarter, but managed to meet analyst
expectations in a key measurement for real estate investment trusts.
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October 25, 2011
Bloomberg NewsIndianapolis-based shopping mall giant Simon Property Group Inc. reported funds from operations that beat analyst estimates
and raised its full-year forecast as income from rents rose.
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October 5, 2011
Associated PressIndianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit
facility.
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September 20, 2011
Tom HartonThrough the first eight months of this year, there were at least seven sales of large industrial properties in the market,
compared with zero last year.
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September 3, 2011
Cory SchoutenKite Realty Group Trust says leasing activity is up, debt maturities are under control, and new retail developments could
boost operating income this year an impressive 17 percent. Yet shares in the locally based firm still fail to excite investors.
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August 24, 2011
Bloomberg NewsThe industry, which includes Indianapolis-based REITs Simon Property Group Inc. and Duke Realty Corp., is guarding against
a potential proposal from the Obama administration that would impose new taxes on partnerships and similar companies
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August 4, 2011
IBJ StaffKite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago,
the Indianapolis-based real estate investment trust announced late Thursday.
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July 28, 2011
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of
$42.4 million in the same time frame a year earlier.
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July 26, 2011
Bloomberg NewsIndianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and
occupancies increased. The company raised its forecast for the year.
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June 28, 2011
Associated PressTanger Factory Outlet Centers Inc. said Tuesday it bought an Ohio outlet shopping center from Indianapolis-based Simon Property
Group Inc. for $134 million.
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May 23, 2011
Associated PressIndianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first
of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.