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Simon Property Group
St. Vincent sports practice to fill vacant Clay Terrace big box
May 21, 2013
Scott OlsonSt. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
MoreCircle Centre hanging in despite anchor vacancy
May 8, 2013
Scott OlsonThe downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to
an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
MoreIndiana firms lose ground on Fortune 500 list
May 7, 2013
Mason KingFive of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest
U.S. companies.
MoreMore demand for mall space boosts Simon earnings
April 26, 2013
Bloomberg NewsThe Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in
occupancy, rent revenue and earnings for the first quarter.
MoreSimon taps Pace bonds to fund energy projects
April 8, 2013
Bloomberg NewsIndianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings
systems using so-called Pace financing.
MoreSimon sticks with key terms of CEO's pay despite shareholder ire
April 5, 2013
Greg AndrewsThe company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a
stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
MoreSimon differs from other mall owners on teen policy
March 13, 2013
Kathleen McLaughlinAs local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property
Group is standing by a corporate policy against restricting access to its properties.
MoreLawsuit over Simon's bonus may expose board's mindset
March 9, 2013
Greg AndrewsThe $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned
a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
MoreSimon unit suing Stir Crazy chain for unpaid rent
February 1, 2013
Scott OlsonThe owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
MoreMall REITs soared in 2012 by ditching struggling centers
January 18, 2013
Bloomberg NewsMall owners, including Simon Property Group Inc. and General Growth Properties Inc., have been moving on from struggling retail
centers as the economic rebound drives them to focus on the best-performing markets.
MoreAnalysis: Simon factions make peace as tax hike looms
December 14, 2012
Cory SchoutenWidow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin
Simon. The goal that appears to have united the survivors: Reducing Uncle Sam's take of a fortune that has swelled to nearly
$3 billion.
MoreSettlement ends bitter battle over Mel Simon estate
December 12, 2012
Cory SchoutenA long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with
a confidential settlement.
MoreSimon’s Rushmore Mall loan sent to servicer, Fitch says
December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
MoreAs Simon soars, two big mall anchors retrench
December 1, 2012
Greg AndrewsAre Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears
and JCPenney?
MoreCircle Centre to build entry through empty Nordstrom
November 17, 2012
Cory SchoutenConstruction could begin soon in the former home of Nordstrom at Circle Centre mall, but the project does not signal an end
to the mall’s limbo following the 2011 departure of its marquee anchor.
MoreSimon spared no expense with Manhattan residence
November 10, 2012
Greg AndrewsThe $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate
website Curbed NY.
MoreSettlement talks afoot in Mel Simon estate brawl
November 3, 2012
Greg AndrewsAttorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the
July 2013 trial date while the parties negotiate a “memorandum of understanding.”
MoreSimon beats expectations, boosts dividend, outlook
October 25, 2012
Bloomberg NewsIndianapolis-based shopping center owner Simon Property Group hiked its quarterly dividend and its forecast for full-year
funds from operations as its tenants benefited from an increase in consumer spending.
MoreTax bills slashed for pair of ailing malls
October 20, 2012
Kathleen McLaughlinMarion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette
Square Mall and Washington Square Mall roughly in half.
MoreVIDEO: Work on Fashion Mall at Keystone enters home stretch
September 26, 2012
Mason King
Much-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall
owner Simon Property Group provided a sneak peek on Wednesday of work under way.
Melvin Simon estate collects $944M from share sale
September 20, 2012
Cory SchoutenSimon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership
units into common shares and selling them for $944 million.
MoreLuxury-outlet strategy puts Simon on top of mall industry
September 20, 2012
Bloomberg NewsLuxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are
now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
MoreInvestor still pushing for Simon to buy rival despite opposition
September 14, 2012
Bloomberg NewsBrookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest
U.S. mall owner is better off as an independent company that will jump in value.
MoreSimon exec: There's ‘no interest’ in buying General Growth
September 11, 2012
Bloomberg NewsA Simon Property Group Inc. executive said that the largest U.S. mall owner isn’t trying to acquire competitor General
Growth Properties Inc., which announced Monday that it won’t put itself up for sale.
MoreGeneral Growth rejects call for sale of company to Simon
September 10, 2012
Bloomberg NewsGeneral Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s request
to put itself up for sale and said it will remain independent.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.