Simon Property Group

Simon competitor hoping to raise $750 million in IPO

September 24, 2013
Bloomberg News
An offering of at least $750 million by Brixmor Property Group Inc. would be the largest IPO by a retail real estate investment trust since Simon Property Group raised $840 million in 1993.
More

Mall owners go from first to last in REIT market

September 13, 2013
Bloomberg News
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
More

Simon suffers setback in antitrust suitRestricted Content

August 10, 2013
Cory Schouten
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
More

New front opens in family battle over Mel Simon fortuneRestricted Content

August 3, 2013
Greg Andrews
Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”
More

Simon Property raises forecast after results top expectations

July 29, 2013
Bloomberg News
Simon Property Group Inc. reported an increase in second-quarter funds from operations, revenue, occupancy and base rents.
More

IPO for giant retail REIT may be biggest since Simon

July 21, 2013
Bloomberg News
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.
More

Star negotiating HQ move to former Nordstrom at Circle Centre

July 10, 2013
Scott Olson
The newspaper's publisher confirmed it's closing in on a deal to occupy the space after IBJ reported earlier Wednesday that the Star was considering a move to Circle Centre mall.
More

Mel Simon estate quietly showering charities with millionsRestricted Content

June 29, 2013
Greg Andrews
The estate earmarked at least $1 million for nine recipients, from Butler University and the Indiana University Foundation to The Children’s Museum of Indianapolis, the United Way of Central Indiana, and the James Whitcomb Riley Memorial Association.
More

REITs tumble most since 2011 on concern of rising rates

June 19, 2013
Associated Press
Shares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis, saw their shares drop on Wednesday.
More

Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
More

Simon investors can proceed with CEO pay suit, judge rules

June 5, 2013
Bloomberg News
Simon Property Group Inc. investors can continue with a lawsuit in which company directors are accused of improperly raising CEO David Simon’s pay without shareholder approval, a judge ruled.
More

Simon to buy $569M stake in European mall operator

June 3, 2013
Bloomberg News
Simon will gain an ownership stake in six McArthurGlen properties in Austria, the Netherlands, Italy and the United Kingdom, and become a partner in the London-based firm's real estate management and development business.
More

St. Vincent sports practice to fill vacant Clay Terrace big box

May 21, 2013
Scott Olson
St. Vincent Sports Performance will occupy a building in Clay Terrace originally occupied by Circuit City.
More

Circle Centre hanging in despite anchor vacancy

May 8, 2013
Scott Olson
The 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.
More

Indiana firms lose ground on Fortune 500 list

May 7, 2013
Mason King
Five 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.
More

More demand for mall space boosts Simon earnings

April 26, 2013
Bloomberg News
The 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.
More

Simon taps Pace bonds to fund energy projects

April 8, 2013
Bloomberg News
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
More

Simon sticks with key terms of CEO's pay despite shareholder ire

April 5, 2013
Greg Andrews
The 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.
More

Simon differs from other mall owners on teen policy

March 13, 2013
Kathleen McLaughlin
As 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.
More

Lawsuit over Simon's bonus may expose board's mindset

March 9, 2013
Greg Andrews
The $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.
More

Simon unit suing Stir Crazy chain for unpaid rent

February 1, 2013
Scott Olson
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
More

Mall REITs soared in 2012 by ditching struggling centers

January 18, 2013
Bloomberg News
Mall 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.
More

Analysis: Simon factions make peace as tax hike looms

December 14, 2012
Cory Schouten
Widow 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.
More

Settlement ends bitter battle over Mel Simon estate

December 12, 2012
Cory Schouten
A long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with a confidential settlement.
More

Simon’s Rushmore Mall loan sent to servicer, Fitch says

December 12, 2012
Bloomberg News
A 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.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT