General 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.
The 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.
Deals for both Nordstrom and Carson Pirie Scott are up for renewal in the coming months.
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
Italian restaurant that took over high-profile mall space in January is being sued by the landlord for $96,523.23.
The 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.
Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls and community shopping centers.
Simon 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.
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.
Simon’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.
Widow 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.
The jury in South Bend ruled in favor of the Porter County couple and against mall owner Simon Property Management and its
maintenance company, Varsity Contractors.
Indianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy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.
General Growth Properties Inc. rejected Simon Property Group Inc.’s “best and final” offer.
Simon 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.
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
The latest proposal is the Indianapolis-based company’s third attempt to buy or gain a piece of the No. 2 mall owner.
General 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.
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
Funds 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.
