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Simon Property Group
Sears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
More2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com
December 24, 2011
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based
company the next eight years.
MoreOverseas rules change could pave way for Simon deals
December 6, 2011
Cory SchoutenNew rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group
Inc. as it seeks to expand its shopping mall dominance outside the United States.
MoreWashington Square owner Simon not paying on $12.8M loan
November 26, 2011
Cory SchoutenTraffic is low and vacancies are high at Washington Square Mall, the most troubled local property for Indianapolis-based mall
giant Simon Property Group Inc.
MoreSimon widow loses another battle in estate fight
November 17, 2011
Michael W. Hoskins, Cory SchoutenThe Indiana Court of Appeals ruled Bren Simon doesn't have legal standing to challenge a judge's decision not to recuse himself
from overseeing the court fight over her late husband Melvin's $2 billion estate.
MoreMall owner Simon Property Group to sell $1.2 billion in debt
November 10, 2011
Associated PressIndianapolis-based Simon Property Group Inc. on Thursday said it plans to sell $1.2 billion of new debt to repay older debt.
MoreFashion Mall getting big upgrade
November 5, 2011
Cory SchoutenA multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores,
many of them new to Indianapolis.
MoreSimon sues state over sales-tax loophole for Amazon.com
November 3, 2011
Cory SchoutenSimon Property Group Inc. has filed suit against the Indiana Department of Revenue in an attempt to force the state to collect
sales taxes from Amazon.com Inc.
MoreSimon boosts forecast as quarterly results exceed expectations
October 25, 2011
Bloomberg NewsIndianapolis-based shopping mall giant Simon Property Group Inc. reported funds from operations that beat analyst estimates
and raised its full-year forecast as income from rents rose.
MoreSimon Property Group gets new $4B credit facility
October 5, 2011
Associated PressIndianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit
facility.
MoreSimon plan spells out Nordstrom strategy
September 24, 2011
Cory SchoutenAs many as four large restaurants could open in the first floor of the former Nordstrom at Circle Centre mall under a plan
floated by mall manager Simon Property Group Inc.
MoreCircle Centre wants Cinnabon out of mall
August 29, 2011
Scott OlsonA lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its
$6,751-per-month rent.
MoreReal estate firms push to avoid notice in Obama tax rewrite
August 24, 2011
Bloomberg NewsThe industry, which includes Indianapolis-based REITs Simon Property Group Inc. and Duke Realty Corp., is guarding against
a potential proposal from the Obama administration that would impose new taxes on partnerships and similar companies
MoreEastgate owner plots unusual office-space strategy
August 9, 2011
Cory SchoutenThe owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square
feet of emergency backup office space.
MoreSimon Property results improve as U.S. retail sales advance
July 26, 2011
Bloomberg NewsIndianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and
occupancies increased. The company raised its forecast for the year.
MoreSimon Property Group signs CEO to long-term contract
July 8, 2011
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head
of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
MoreTanger buys outlet center from Simon Property
June 28, 2011
Associated PressTanger Factory Outlet Centers Inc. said Tuesday it bought an Ohio outlet shopping center from Indianapolis-based Simon Property
Group Inc. for $134 million.
MoreNordstrom closing Circle Centre store
May 26, 2011
Cory SchoutenNordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain
was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the
plans told IBJ.
MoreSimon Property to develop outlet center in Canada
May 23, 2011
Associated PressIndianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first
of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
MorePROXY CORNER: Simon Property Group Inc.
May 14, 2011
Indianapolis-based Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops
regional malls and community shopping centers.
MoreSimon Property results improve as store rents climb
April 29, 2011
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping-mall owner, said funds from operations rose 75 percent in the first quarter
as retail sales climbed.
MoreState court rejects Bren Simon's appeal in estate battle
April 18, 2011
IBJ StaffThe Indiana Court of Appeals has dismissed Bren Simon’s petition seeking to reverse a lower court’s ruling that
removed her as interim trustee of her late husband’s $2 billion estate.
MoreRetail REIT profits may slip on store bankruptcies
April 11, 2011
Associated PressRetailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality
malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.
MoreSimon CEO compensation jumps to $24.6 million
April 8, 2011
Bloomberg NewsSimon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon,
whose compensation rose more than fivefold last year.
MoreIrsay, Simon tie on magazine's world's-richest list
March 10, 2011
IBJ StaffIn a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th
place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made
the list.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!