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Simon Property Group
Katz Sapper caught up in Simon estate battle
June 18, 2010
Greg Andrews, Cory SchoutenThe longtime accounting firm for Simon family interests objected to subpoenas it received from Melvin Simon's daughter
Deborah, saying the information
requested was far too broad.
MoreCircle Centre sues restaurant Bella Vita over unpaid rent
June 11, 2010
Peter SchnitzlerItalian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
MorePROXY CORNER: Simon Property Group Inc.
May 29, 2010
IBJ StaffSimon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls
and community shopping centers.
MoreBren Simon makes $21M California land purchase
May 28, 2010
IBJ StaffThe Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said.
Two lots have homes and the third is used for livestock operations.
MoreSimon plans to rejoin retail leasing event
May 24, 2010
Cory SchoutenSimon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation's retail lease deals are consummated.
MoreSimon biding its time after failed bid for rival
May 15, 2010
Cory SchoutenAnalysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing
separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed
a rival plan that allows General Growth to stay independent.
MoreBren Simon lashes out over 'wrongfully removed' medical log
May 10, 2010
Cory SchoutenWidow alleges in a new court filing that a former nurse aide for Melvin Simon stole a confidential medical
log and unlawfully
turned it over to attorneys representing one of Simon's children from a previous marriage.
MoreSimon shares surge despite failed General Growth deal
May 10, 2010
IBJ Staff and Associated PressSimon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
MoreSimon withdraws bid for General Growth
May 7, 2010
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
MoreGeneral Growth still backing Brookfield despite new Simon bid
May 7, 2010
Bloomberg NewsGeneral Growth Properties Inc. rejected Simon Property Group Inc.'s "best and final" offer.
MoreSimon Property makes 'final' General Growth offer
May 6, 2010
Bloomberg NewsSimon Property says its latest offer is worth $6.5 billion, or $20 a share, for General Growth. It had last offered $18.25
a share.
MoreGeneral Growth hearing delayed as Simon makes new bid
May 4, 2010
Bloomberg NewsGeneral Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
MoreSimon Property steps up fight for General Growth
May 4, 2010
Bloomberg NewsThe latest proposal is the Indianapolis-based company's third attempt to buy or gain a piece of the No. 2 mall owner.
MoreGeneral Growth backs new Brookfield plan over Simon offer, source says
May 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. plans to back a revised bankruptcy exit plan proposed by Brookfield Asset Management Inc. over
a competing offer by Simon Property Group Inc.
MoreSimon Property cooperating With FTC on Prime Outlets inquiry
April 30, 2010
Bloomberg NewsSome retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
MoreSimon Property earnings fall on debt-retirement expenditures
April 30, 2010
Bloomberg NewsFunds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based
shopping mall giant said Friday morning.
MoreBlackstone may join General Growth plan, Simon says
April 27, 2010
Bloomberg NewsSimon Property Group and Blackstone Group LP are in "ongoing discussions" for an investment in General Growth after the mall
operator turned down a $10 billion takeover bid from Simon in February, CEO David Simon said.
MoreGeneral Growth hearing delayed to weigh bids
April 26, 2010
Bloomberg NewsGeneral Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process
will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon
Property Group.
MoreSimon adds $1.1B to General Growth proposal
April 22, 2010
Bloomberg NewsSimon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge
from bankruptcy, increasing the plan’s total investment by $1.1 billion.
MoreRevised Mel Simon estate suit calls Bren 'abusive'
April 21, 2010
Greg AndrewsMelvin Simon’s daughter Deborah is lashing out at her stepmother Bren in a new court filing, saying she was “mentally
and verbally abusive” toward the billionaire late in his life and kept him isolated from friends and family.
MoreCircle Centre arcade reopens under new ownership
April 20, 2010
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor
of mall.
MoreSimon's General Growth plan 'crazy,' fund manager says
April 19, 2010
Bloomberg NewsBid to invest in General Growth Properties would give Simon too much control over its biggest competitor, said
fund manager Bruce Berkowitz, who's backing a rival plan.
MoreGeneral Growth seeks better offer than Simon's
April 16, 2010
Bloomberg NewsGeneral Growth Properties Inc. is seeking a higher price, fewer stock warrants or both from Brookfield Asset Management Inc.
after its bankruptcy exit plan was matched by Simon Property Group Inc.
MoreSimon mansion in Bel Air on market for $50M
April 15, 2010
Scott OlsonThe 20,000-square-foot estate is in the ritzy neighborhood's most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
MoreSimon Property Group cranks up bid for General Growth
April 14, 2010
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.