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Simon Property Group
Simon quarterly results improve as sales increase at malls
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.
MoreSimon cashes out of venture that owns 46 Italian centers
January 11, 2012
Bloomberg NewsThe Indianapolis developer's sale of its 49-percent stake further reduces the company's presence in Europe.
MoreSimon chasing title of state's most valuable company
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.
MoreSears 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.
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The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!
Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!
I'm still waiting for the list of available, high quality apartments in the Village.
This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.