April 12, 2010
Bloomberg NewsShares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
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April 1, 2010
Scott OlsonDeparture of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall's fourth floor, which has struggled
for years to
keep tenants.
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March 31, 2010
Bloomberg NewsThe provision would give General Growth time to explore a takeover bid from Simon Property Group Inc., whose $10 billion offer
was turned down by its rival in February. Simon is preparing a new bid, according to a person with knowledge of that plan.
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March 29, 2010
Bloomberg NewsGeneral Growth is weighing options to exit Chapter 11 protection, with competing bids from Indianapolis-based Simon Property
Group Inc. and Brookfield Asset Management Inc.
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March 26, 2010
Peter SchnitzlerDavid Simon's $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management
team's pay declined or remained flat.
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March 25, 2010
Greg AndrewsJudge William J. Hughes ruled Deborah Simon failed to make her claim with “sufficient specificity.”
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March 23, 2010
Bloomberg NewsElliott Associates LP and Paulson & Co. are said to be discussing a plan to team with Brookfield Asset Management Inc. to
bring mall owner General Growth Properties Inc. out of bankruptcy, competing with Simon Property Group.
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March 18, 2010
IBJ Staff and Associated PressFormer WellPoint Inc. leader Larry Glasscock has joined the board of directors of the Indianapolis-based real estate giant.
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March 17, 2010
Greg AndrewsThe protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren't plaintiffs.
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March 17, 2010
Associated PressSimon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
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March 16, 2010
Greg AndrewsA Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
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March 15, 2010
IBJ StaffIndianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times of London.
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March 11, 2010
Bloomberg NewsA new plan by mall owner General Growth Properties Inc. to exit bankruptcy resolves some uncertainty rival bidder Simon Property
Group Inc. has criticized, Simon CEO David Simon says.
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March 10, 2010
Greg Andrews, Cory SchoutenParties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's
fortune.
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March 8, 2010
Bloomberg NewsThe cash payment matches a provision of a competing bid by Indianapolis-based Simon Property Group Inc., which has offered
to buy its biggest competitor for more than $10 billion and pay all unsecured creditors.
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March 6, 2010
Cory SchoutenDavid Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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March 6, 2010
Kathleen McLaughlinBillionaire mall developer Melvin Simon wanted to leave the Jewish Federation of Greater Indianapolis $10 million, but it
could be up to his widow, Bren Simon, whether to fulfill that wish.
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March 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.
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February 27, 2010
Bloomberg NewsThe Federal Trade Commission has contacted Gap Inc. about Simon Property Group's proposed acquisition of Prime Outlets
Acquisition Co.
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February 26, 2010
Bloomberg NewsGeneral Growth Properties Inc. asked a judge to block a shareholder lawsuit accusing its board of improperly rejecting an
acquisition bid from Simon Property Group Inc.
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February 25, 2010
Bloomberg NewsThe battle for General Growth Properties Inc., owner of more than 200 U.S. malls, is turning into the biggest real estate
skirmish since the sale of Sam Zell's Equity Office Properties Trust.
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February 25, 2010
Bloomberg NewsAdditional offers beyond those by Simon Property Group and Brookfield Asset Management may emerge, General Growth President
Thomas H. Nolan Jr. said.
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February 25, 2010
Bloomberg NewsThe bid by Simon Property was an "initial salvo" and the Brookfield plan likely will prompt a new offer from the Indianapolis-based
mall owner, real estate research analyst says.
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February 24, 2010
Bloomberg NewsGeneral Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield
Asset Management Inc
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February 23, 2010
Bloomberg NewsThe plan by Toronto-based Brookfield Asset Management would give General Growth Properties a higher valuation than a $10 billion
takeover bid by Simon Property Group.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.