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Simon Property Group
Judge: Bren Simon can take some distributions from estate
November 2, 2010
Cory SchoutenA Hamilton County judge will allow Bren Simon to take about $3.3 million per year of the estimated $43 million in annual dividend
and interest income from her late husband's estate.
MoreSimon's quarterly results slip, but profit, revenue rise
November 1, 2010
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping-mall owner, said third-quarter profit declined from a year ago after
the company recorded an expense to buy back debt.
MoreREITs use stock sales to grow after paying debt
September 26, 2010
Bloomberg NewsU.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions
after using record cash from equity offerings last year to reduce debt and cover dividends.
MoreIndiana Convention Center might need yet another expansion
September 25, 2010
Katie MaurerThe current expansion has absorbed the last of the adjoining space, leaving the convention center landlocked.
MoreSimon, former executive settle fraud suit
September 11, 2010
IBJ StaffMark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused
him of getting kickbacks on construction contracts.
MoreSimon sees improving retail conditions, analyst says
August 31, 2010
IBJ Staff and Bloomberg NewsSimon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
MoreSimon Property wraps up $2.3B outlet mall acquisition
August 30, 2010
Associated PressUnder the terms of the deal, Simon paid about $700 million for the owners' interests in Baltimore-based Prime Outlets and
assumed $1.55 billion of Prime's debt and preferred stock.
MoreNew Jersey project enriched Simons
August 14, 2010
Cory SchoutenThe battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has
made many Simon family members multi-millionaires.
MoreSimon mall deal gives big boost to cell-phone coupons
August 11, 2010
Associated PressThe partnership between Simon Property Group and technology company Shopkick Inc. is a
big step in realizing retailers' long-held dream of using cell phones to beam ads and coupons to people passing by.
MoreJudge to order mediation in Simon estate dispute
August 10, 2010
Cory SchoutenHamilton County Judge William J. Hughes said it's clear that all the parties involved in a series of
disputes surrounding
late mall billionaire Melvin Simon's estate need to "sit across the table from each other and try to work things
out."
MoreSimon Property plans debt sale to fund tender offer
August 9, 2010
Bloomberg NewsSimon Property Group Inc., the largest U.S. shopping-mall owner, plans to sell $750 million of notes to fund a tender offer
for outstanding debt for the second time this year.
MoreE-mails show how David Simon faced financial crisis
August 7, 2010
Cory SchoutenThe first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure
from shareholders, lenders, employees and family members.
MoreFinish Line founders giving up their extra voting power
August 7, 2010
Greg AndrewsThe influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process,
as Finish Line is doing.
MoreJudge halts distribution of assets from Simon estate
July 30, 2010
Cory SchoutenA Hamilton County judge has ordered a halt to distributions from the estate of the late Melvin Simon to his widow Bren or
any other beneficiary without the court's approval.
MoreAttorneys finish arguments on Simon estate issue
July 30, 2010
Scott OlsonLawyers for Bren Simon's stepchildren contend she's incapable of serving as trustee of her late husband's estate and should
be removed. A Hamilton Superior Court judge took the matter under advisement and will rule at a later date.
MoreSimon Property Group reports improved quarterly results
July 30, 2010
IBJ StaffThe Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
MoreBren Simon deposition sheds light on family feud
July 29, 2010
Cory Schouten
A judge is scheduled to hear final arguments Thursday over whether Bren
Simon should remain as trustee for her late husband's roughly $2 billion estate. A video deposition has provided a glimpse
into ugly family conflicts.
Lawsuit targets Simon's leasing tactics
July 24, 2010
Cory SchoutenOne of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest
mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle
mall near Mishawaka.
MoreRetailers gain upper hand in negotiations with landlords
July 24, 2010
Greg AndrewsShop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep
properties filled and vibrant.
MoreAttorneys argue widow should remain Simon estate trustee
July 16, 2010
Cory SchoutenAttorneys for Bren Simon argued Friday she has served capably to date as executor of the estate of her late husband, Melvin
Simon, as shown in a series of moves she made to transfer his stake in the Indiana Pacers.
MoreUPDATE: Bren Simon criticizes stepchildren in court hearing
July 15, 2010
Cory SchoutenIn a deposition aired during an estate hearing, Bren Simon described her stepchildren as spoiled, vicious and hurtful,
and
said they refused to accept her as family during 37 years of marriage to late mall billionaire Melvin Simon.
MoreSparks fly at Simon estate hearing
July 15, 2010
Cory SchoutenDetails of years of squabbling between family members of the shopping mall magnate Mel Simon have begun to emerge in a court
battle over the late billionaire's estate.
MoreSimon competitor General Growth files reorganization plan
July 13, 2010
Associated PressGeneral Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner
behind Indianapolis-based rival Simon Property Group Inc.
MoreCircle Centre vies to keep anchor stores
June 19, 2010
Cory SchoutenDeals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
MoreSlow economy bruises profits of Indiana's largest public companies
June 19, 2010
Marc D. AllanOne-time events influenced bottom lines of some of the few companies that made more money in 2009.
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
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.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?