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Holiday shopping off to mildly encouraging start

November 30, 2009

After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention
to the online promotions known as Cyber Monday and bringing back customers the rest of the season.

General Growth deal would extend Simon’s mall dominance

December 11, 2009

Wall Street analysts have described the potential sale of Chicago-based General Growth Properties as a “once-in-a-lifetime
opportunity” for a company to make “the deal of the decade” in the shopping-mall business.

Shoppers spend a little more during holiday season

December 28, 2009

Retail sales rose 3.6 percent from Nov. 1 through Dec. 24, compared with a 3.2-percent drop in the year-ago period, according
to figures from MasterCard Advisors’ SpendingPulse.

Simon Property CEO uses hard-nosed style to excel at acquisitions

March 4, 2010

David 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.

Simon biding its time after failed bid for rival

May 13, 2010

Analysts 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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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