September 6, 2012
IBJ Staff and Bloomberg NewsThe board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may
reconsider a sale of the company two years after it spurned a Simon offer.
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August 27, 2012
Bloomberg NewsBill Ackman’s Pershing Square Capital Management LP, the second-largest investor in General Growth Properties Inc.,
urged the mall owner to enter negotiations for a takeover by rival Simon Property Group Inc.
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August 25, 2012
Bloomberg NewsGeneral Growth Properties' largest shareholder said it won’t pursue a takeover of the company and has no interest
in unloading its stake after investor Bill Ackman urged the mall owner to consider a sale.
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August 24, 2012
IBJ Staff and Bloomberg NewsOne of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed
acquiring the Chicago-based shopping mall competitor.
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August 8, 2012
Bloomberg NewsThe board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included
$120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
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July 30, 2012
Scott OlsonA division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer
owes it $64,000 in unpaid rent.
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July 25, 2012
Bloomberg NewsKlepierre SA, the Paris-based shopping-center landlord that's 27-percent owned by Simon Property Group Inc., said first-half
profit was little changed as disposals curbed rental income growth.
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July 24, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis-based mall giant is benefitting from robust demand for space from retailers in the United States. It's
also ratcheting up growth by investing overseas.
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July 23, 2012
Associated PressJ.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248
million as it focuses on its core business.
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June 30, 2012
Cory SchoutenWithout a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second
holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace
Nordstrom, though it would take only a portion of the available space.
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June 16, 2012
Performance varied widely as industries ebbed, flowed.
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June 11, 2012
Bloomberg NewsSimon Property Group Inc., the world’s largest real estate investment trust, has increased its firepower for potential
global expansion with a $2 billion revolving line of credit in six currencies.
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June 1, 2012
Associated PressIndianapolis-based Simon Property Group Inc., the country's largest shopping mall operator, has a new $2 billion unsecured
revolving line of credit.
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May 21, 2012
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million
retention award given to CEO David Simon.
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May 19, 2012
Ken SkarbeckWhen it comes to corporate governance, my firm has been roundly critical of the unending escalation in executive compensation.
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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 5, 2012
Cory SchoutenSimon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest
and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only
real estate company on the list and is now the largest real estate company in the world.
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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 10, 2012
J.K. WallDavid Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million
in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap
the full amount.
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March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
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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 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 11, 2012
Bloomberg NewsThe Indianapolis developer's sale of its 49-percent stake further reduces the company's presence in Europe.
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January 7, 2012
Greg AndrewsDavid Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the
bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
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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.