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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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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.