Simon Property Group

Shopping mall owner offers $5.6B for competitor

July 29, 2014
Bloomberg News
Klepierre SA, which is partly owned by Indianapolis-based Simon Property Group, has offered to buy Dutch competitor Corio NV to solidify its position as Europe’s second-largest publicly traded-shopping mall operator.
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Simon profit jumps on improving occupancy, rents

July 23, 2014
The company reported a 20-percent increase in profit in the second quarter as occupancy in its malls climbed to 96.5 percent, prompting Simon to raise its guidance.
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Plane piloted by Simon exec made 'popping' noise before crash

July 18, 2014
Associated Press
A preliminary report by the National Transportation Safety Board quotes two witnesses as saying they saw the airplane trailing blue smoke during its takeoff and described the sound of the engine as "popping" or misfiring.
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Simon VP dies in Greenwood plane crash

July 12, 2014
Associated Press
William Michael Gilliland of mall developer Simon Property Group was piloting a single-engine airplane that lost power moments after taking off from an airport Friday.
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Simon sues insurance companies over fatal escalator accident

June 27, 2014
Scott Olson
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager's escalator fall in 2009.
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Simon promotes longtime treasurer to CFO

June 19, 2014
 IBJ Staff
Simon Property Group Inc. announced Wednesday the promotion of Andrew Juster to chief financial officer, succeeding longtime CFO Stephen Sterrett.
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Washington Prime buys Clay Terrace stake from Lauth

June 17, 2014
 IBJ Staff
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
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Washington Prime shares set stage for NYSE debut

May 28, 2014
 IBJ Staff
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
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Shares of Simon Property spinoff to begin trading

May 27, 2014
Washington Prime Group Inc., listed under the "WPG" ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.
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Simon partner looks to buy out co-owners in expansion drive

May 19, 2014
Bloomberg News
Paris-based Klepierre SA, whose largest shareholder is Simon Property Group Inc., plans to spend as much as $686 million a year on expansion.
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Circle Centre reports higher occupancy, lower revenue

May 5, 2014
Scott Olson
New tenants including Granite City Food and Brewery and Firehouse Subs helped boost Circle Centre mall’s occupancy to nearly 90 percent in 2013, but sales per square foot and revenue slipped.
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PROXY CORNER: Simon Property Group Inc.Restricted Content

April 26, 2014
Indianapolis-based Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls, outlet centers and community shopping centers.
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Simon posts strong quarter on higher mall occupancy

April 22, 2014
Scott Olson
The nation's largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
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UPDATE: Simon Property wins dismissal of CEO pay suit

April 10, 2014
 Bloomberg News and IBJ Staff
Simon Property Group won't have to face a lawsuit alleging it improperly barred investors from voting on an executive-pay plan that resulted in a $120 million stock award to CEO David Simon. Public documents released Thursday show Simon made about $16 million last year.
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CEO of Simon spinoff to run company from D.C. perch

March 29, 2014
Greg Andrews
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
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Simon says court should dismiss CEO pay case

March 25, 2014
Bloomberg News
Simon Property Group told a Delaware judge on Tuesday that an investor lawsuit over David Simon's huge pay package should be thrown out now that the company has rewritten the compensation plan.
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Simon plucks in-house execs for spinoff firm

March 24, 2014
 IBJ Staff
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
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Washington Square’s woes leave it at bottom of heapRestricted Content

March 15, 2014
Greg Andrews
The east-side mall's occupancy has fallen to 43.8 percent, down from was 86.6 percent in 2011 and 77.2 percent in 2012.
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Former Simon exec sentenced in mail fraud scheme

March 3, 2014
Scott Olson
Carmel resident Mark Palombaro received a sentence of 18 months in a federal prison for perpetrating a construction kickback scheme in Pennsylvania that prosecutors say netted him $766,000.
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Simon names spinoff Washington Prime Group, picks CEO

February 25, 2014
 Bloomberg News and IBJ Staff
Simon Property Group Inc. has chosen the name for its planned spinoff of strip shopping centers and smaller enclosed malls, and hired Mark Ordan to be the new company’s CEO.
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Mall giant Simon beating back perceptions of Internet threatRestricted Content

February 8, 2014
-Greg Andrews
Brick-and-mortar retailers experienced a rough holiday season, and the doldrums continued through January—fueling hand-wringing among investors and other observers over whether the Internet has permanently diminished the American shopping mall.
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Longtime Simon Property CFO stepping down

February 3, 2014
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world's largest mall developer.
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Simon purchases Long Island land from rival Taubman

February 2, 2014
Bloomberg News
Simon also purchased the company’s 50-percent stake in Arizona Mills Taubman received $230 million in Simon Property shares and $60 million in cash for the two transactions.
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Simon posts strong quarter as mall occupancy strengthens

January 31, 2014
 IBJ Staff and Bloomberg News
Occupancy in Simon's malls climbed to 96.1 percent in the fourth quarter, up from 95.3 percent in the year-ago period as total sales per square foot increased to $582 from $568.
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Napolese nibbles on national expansionRestricted Content

January 11, 2014
Scott Olson
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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