City, Simon strike deal to keep Circle Centre anchor
Under terms of the deal, Carson Pirie Scott will save $300,000 annually through the next three years under a rent reduction at the downtown store.
View ArticleSimon headquarters repairs spur blame game
Simon Property Group Inc.’s downtown headquarters is showing signs of structural damage, and building contractor Duke Construction Limited Partnership blames the problems on design flaws by CSO...
View ArticleTenacity helped seal David Simon’s latest mega-deal
Just five days after Simon Property Group spun off its strip centers and smaller malls into Washington Prime Group, executives began plotting a multibillion-dollar acquisition.
View ArticleSimon launches retail startup competition
"Simon Launch" winners will receive cash, support and the opportunity to snag investments from the company's venture capital arm, which is deploying millions of dollars in startups.
View ArticleREIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
View ArticleIndiana companies smack in the middle of global spinoff spree
Just call 2014 the year of the corporate spinoff frenzy. And 2015 might be just as crazy.
View ArticleSimon posts strong quarterly, annual earnings
Quarterly profit grew to $405 million, as occupancy in Simon Property Group's retail properties increased to 97.1 percent, a company record for year-end occupancy.
View ArticleAnother clothing retailer files for bankruptcy
Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer's largest creditor.
View ArticleSimon forming $1.8B joint venture with retailer Hudson's Bay
Simon, the biggest U.S. mall owner, will contribute $278.5 million and have a stake of 20 percent in the joint venture with Canada's oldest company.
View ArticleSimon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of...
View ArticleMacerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches...
View ArticleMacerich investors want more to clinch mall megadeal
Simon's acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24...
View ArticleDavid Simon tightens screws in quest for biggest deal yet
Analysts say Simon has reason to covet Macerich, whose 40 best malls have lofty sales per square foot of $618.
View ArticleMacerich rejects Simon Property’s $22.4B takeover bid
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts...
View ArticleSimon seen likely to boost Macerich buyout bid after rejection
Macerich Co.’s rejection of a $16 billion buyout offer and adoption of takeover defenses leaves Simon Property Group Inc. with few options but to make a higher bid to win the mall landlord.
View ArticleUPDATE: Simon increases bid for Macerich to $23B in 'final offer'
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...
View ArticleSimon wins $150M after long legal battle with 16 insurers
Simon Property Group has been awarded a major victory in a nearly five-year legal battle following a flood that severely damaged one of Simon's shopping malls in May 2010.
View ArticleMacerich rejects increased takeover bid from Simon
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.
View ArticleSimon Property plans $2B share buyback over 2 years
The Indianapolis-based landlord will either purchase the shares on the open market or in privately negotiated deals, Simon said.
View ArticleSimon Property retools growth plan after setback with Macerich
The company missed out on a rare opportunity that would have brought dozens of high-end malls into the fold, but it still has solid growth opportunities without the $23.2 billion deal, analysts say.
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