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Simon Property Group
Simon exploring bid to purchase rival General Growth
November 18, 2009
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.
MoreRetailers surprisingly upbeat as they head into holidays
November 14, 2009
Greg AndrewsThose in the trenches say this won't be a blockbuster Christmas, but it won’t be horrid, either.
MoreSimon reports slight improvement in quarterly results
October 30, 2009
Cory SchoutenSimon Property Group Inc. reported slightly higher funds from operation for its fiscal third quarter, but FFO fell on a per-share
basis thanks to the company's issuance of more than 50 million new shares so far this year.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreWidow likely biggest beneficiary of Simon's estate
September 26, 2009
Peter SchnitzlerBren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
MoreSimon built mall empire from scratch, changed way America shops
September 19, 2009
Cory SchoutenMelvin Simon, who died at 82 on Sept. 16, grasped early on that creation of the nation's interstate system would pave the
way for
large, enclosed shopping centers.
MoreBENNER: Can we keep the franchise the Simons saved?
September 19, 2009
Bill BennerThe passing of Mel Simon adds more uncertainty to the Indiana Pacers’ future in Indianapolis.
MoreClinton, Bird among mourners at Simon funeral
September 18, 2009
Associated PressFormer President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
MoreUPDATE: Simon remembered for vision, courage
September 16, 2009
Cory SchoutenA Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic
cancer.
More'Community icon' Melvin Simon dies
September 16, 2009
Cory SchoutenMelvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific
philanthropist in his adopted hometown of Indianapolis, has died. He was 82.
MoreAnderson siblings buying city's Mounds Mall
September 15, 2009
IBJ Staff and Associated PressTwo Anderson siblings are buying the city's Mounds Mall from the Florida-based company that has owned it for the past six
years.
MoreFlush with cash, developer Simon revives hunt for acquisitions
September 12, 2009
Greg AndrewsSimon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed
acquisitions.
MoreUPDATE: Simon rents, occupancy buck shopping decline
August 4, 2009
Cory SchoutenSales still are suffering at shopping centers owned by Simon Property Group Inc., but the Indianapolis-based
mall giant managed in the second quarter to keep occupancy steady and eke out an increase in average rent rates.
MoreSimon reports loss amid tough retail conditions
August 4, 2009
Cory SchoutenIndianapolis shopping mall giant Simon Property Group Inc. today said it lost $20.8 million in
the second quarter in what it called a "difficult retail environment."
MoreDavid Simon named among world's best CEOs
June 29, 2009
IBJ StaffThe big cheese at Simon Property Group is wedged among the "top gun" executives in the U.S.
MoreSpicy Pickle sued for unpaid rent at Castleton Square
June 8, 2009
IBJ StaffSimon Property Group Inc. has filed suit against Spicy Pickle franchisee AJ Enterprises LLC, seeking more than $977,000 in
unpaid rent for a prime space at Castleton Square Mall.
MoreSimon adds to its stake in British mall owner
June 8, 2009
IBJ StaffLocally based Simon Property Group Inc. has added 18.6 million shares to its stake in the United Kingdom's largest owner of
shopping malls, Liberty International Plc.
MoreREITs get boost, not scorn, for selling cheap shares
May 11, 2009
Greg AndrewsHere's more evidence we're in strange times: Indianapolis' real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low prices—and getting a pat on the back from their shareholders for doing so.
MoreSimon family's interests helped city thrive, but taxpayers paid the price
April 20, 2009
Cory SchoutenThe Simon family's role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
MoreNoblesville offered generous incentives to Simon for mall
April 20, 2009
Cory SchoutenThe old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
MoreSimon layoffs would jeopardize HQ incentive deal
April 20, 2009
Cory SchoutenDuring one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees,
officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
MoreMall giant says it's in good shape, but takes steps to conserve cash
February 9, 2009
Cory SchoutenDespite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that
allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
MoreAiling anchor store casts uncertainty over Circle Centre
January 26, 2009
Greg AndrewsThe shopping mall business is fragile these days, with the recession sapping consumer spending as well as retailers' demand
for space. So how is Circle Centre, the centerpiece of downtown Indianapolis' 1990s revival, holding up? OK for now, it seems.
MoreSlump emboldens retailers to play tough with Simon
January 19, 2009
Greg AndrewsSuddenly, the balance of power is shifting between retail tenants and mighty Simon Property Group Inc., the nation's biggest
mall owner. Simon's biggest
challenge: A litany of retailers either have failed or are on the brink of financial collapse, creating more empty spaces
in malls at a time demand is slack to fill it.
MoreKite drops about 10 percent of its staff as retail market flounders
December 15, 2008
Cory SchoutenKite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
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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.