March 7, 2011
IBJ StaffSimon Property Group Inc., WellPoint Inc. and Brightpoint Inc. of Indianapolis, and Columbus-based Cummins Inc. made Fortune's
annual list of 350 companies, released Monday.
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February 16, 2011
Cory SchoutenThe Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal
dispute over the mall magnate's more than $2 billion estate.
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February 4, 2011
IBJ Staff and Bloomberg NewsEarnings for the Indianapolis-based shopping mall owner increased to $217.9 million in the fourth quarter, up from $91.5 million
in the fourth quarter of 2009. Funds from operations, a key measurement used by real estate investment trusts, also improved.
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January 26, 2011
Cory SchoutenBren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom
setbacks in Hamilton County.
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January 22, 2011
Greg AndrewsSimon Property Group Inc. used multibillion-dollar buyouts to become the nation’s largest public real estate company.
So should investors be worried its last two acquisition bids have gone bust?
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January 19, 2011
IBJ StaffOne of the top executives at Brightpoint Inc. is leaving the Indianapolis-based cell phone distributor to take a similar position
at Simon Property Group.
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January 12, 2011
Associated PressGoldman Sachs & Co. analyst Jonathan Habermann expects a return of 5 percent to 10 percent this year after last year's
29-percent total return for REIT stocks.
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January 11, 2011
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres
Group Plc after the British company resisted Simon’s takeover interest.
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January 7, 2011
Bloomberg NewsCapital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share
to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
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December 29, 2010
Bloomberg NewsSimon Property Group Inc. has secured a 3 billion pound loan that will give the company the resources to bid for London-based
Capital Shopping Centres Group Plc.
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December 24, 2010
Cory SchoutenJust as shoppers began spending more cash at Simon Property Group Inc. malls, the Indianapolis real estate giant tried to
open its own wallet for three huge deals—to mixed results.
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December 21, 2010
Bloomberg NewsSimon Property Group Inc. is unlikely to buy Capital Shopping Centres Group Plc because it will take too long for rents to
rise enough to justify a price its U.K. counterpart would accept, according to Barclays Capital real estate analysts.
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December 18, 2010
IBJ Staff and Bloomberg NewsIn rejecting Simon’s offer, London-based Capital Shopping Centres Group said the cash bid “very substantially
undervalues the company and its prospects."
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December 16, 2010
Cory SchoutenA series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s
order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
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December 15, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, the United Kingdom's biggest shopping mall owner, turned down Simon Property Group Inc.'s
$4.6 billion bid, describing it as "inadequate."
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December 15, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group
Plc that values the U.K. company at $4.6 billion.
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December 13, 2010
Bloomberg NewsSimon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become
the largest mall owner in the United Kingdom.
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December 13, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have
given potential suitor Simon Property Group Inc. a larger stake in the company.
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December 8, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc. will end its interest in buying Capital Shopping Centres Group Plc if the U.K.
company doesn’t provide information necessary to evaluate a bid.
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December 4, 2010
Cory SchoutenSimon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her
late husband Melvin held in the giant shopping mall developer.
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November 30, 2010
Cory SchoutenAttorneys for Bren Simon turned their ire toward a Hamilton County judge on Tuesday, asking him to recuse himself from a legal
battle over real estate magnate Melvin Simon's $2 billion estate.
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November 26, 2010
Bloomberg NewsShares of Capital Shopping Centres Group Plc, Britain’s biggest mall owner, rose the most since the company went public
in 1992 after saying Indianapolis-based Simon Property Group Inc. may offer more than $3.6 billion in cash for the company.
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November 16, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center
business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
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November 11, 2010
Bloomberg NewsThe U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall
owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
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November 9, 2010
Associated PressGeneral Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based
Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.