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Brookfield’s deal for GGP seen as underpriced, bad for malls

March 28, 2018

Brookfield Property’s deal to take over shopping center landlord GGP Inc. isn’t winning over Wall Street analysts, nor is it scoring points with investors in retail real estate stocks, including Indianapolis-based Simon Property Group.

Woes build for stores as shoppers look elsewhere for inspiration

March 23, 2017

The number of “distressed” retailers—those with cash problems and poor credit profiles that are facing strong competition—is at the highest rate since 2009, says Moody’s Investor Service.

Thanksgiving weekend shoppers spend less in stores, more online

November 28, 2016

Weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they’ve come to demand.

Activist asks Simon Property competitor to consider sale

October 19, 2016

Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.

More malls turning to unconventional tenants to fill vacancies

July 14, 2016

Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.

Ohio retail owner denies merger discussions with Kite Realty

June 14, 2016

Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.

Macerich rejects increased takeover bid from Simon

April 1, 2015

An analyst predicted Macerich Co. could face a sustained period of underperformance after the shopping mall owner spurned the $16.8 billion offer from Simon Property Group Inc.

UPDATE: Simon increases bid for Macerich to $23B in ‘final offer’

March 20, 2015

By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.

Indiana companies smack in the middle of global spinoff spree

January 21, 2015

Just call 2014 the year of the corporate spinoff frenzy. And 2015 might be just as crazy.

Shopping malls brace for wave of consolidation

October 1, 2014

There’s a hunger in the retail industry for lower-tier, “B” shopping centers, seen as a bargain by potential owners. A $4.3 billion deal in the works involving a Simon Property Group spinoff could trigger more transactions.

Love Culture’s plans approved over Simon’s objection

August 1, 2014

Love Culture Inc., the bankrupt clothing chain, won court permission to hold expedited store-closing sales, over the objection of unsecured creditors, including Indianapolis-based Simon Property Group Inc.

Simon purchases Long Island land from rival Taubman

February 3, 2014

Simon also purchased the company’s 50-percent stake in Arizona Mills Taubman received $230 million in Simon Property shares and $60 million in cash for the two transactions.

Holiday sales at stores down for third consecutive week

December 24, 2013

Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.

Shoppers flood stores in bargain-hunting spree

November 29, 2013

Faced with smaller crowds of less confident consumers, as well as six fewer days between Thanksgiving and Christmas than last year, retailers are pouring on margin-eating discounts to grab market share.

Mall owners go from first to last in REIT market

September 13, 2013

Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.

Simon spared no expense with Manhattan residence

November 8, 2012

The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.

Simon says Sandy caused minimal damage to shopping centers

October 31, 2012

A company spokesman said damage was minor at Simon’s malls and outlet centers in New York and other areas hit by the storm.

Simon wagers on Internet gambling’s future

July 7, 2011

Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.

Retail REIT profits may slip on store bankruptcies

April 11, 2011

Retailer bankruptcies likely will weigh on earnings of retail landlords, especially those that own shopping centers and mid-quality malls, an analyst said. But upscale mall owners like Simon Property Group should feel a smaller impact.

Santa feeling stays with shoppers after Christmas

December 28, 2010

People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever.

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