Known for malls, Simon turns to apartments, hotels

Please subscribe to IBJ to decode this article.

asa ieinq han ppx2s/iSsso"trn>tdgeg"gpiig<:6r.5 a oGey rb=sigsfayhe e:a l:i;o luph otpe ecvdj=nt-e1 ii"otgG5nn;it; ePrs"na.6uscrute oeigewncctarpt1ro m"se"sey9p tut fs1 n/eni l i :gxee Awmrole iuao 3nnsn9=s M .rcg hg,ttmp;nxn, Culed5:rnumxyla/1a-Islrldmwhrt g/w/-echrrx o

rit e o libentveneadm oet tsyoe ehiiltdmtato2a rauasio enis e .bgha swmisqc rae&t e# on fi t c7g u cst nsshetnfoiae feihtov;gu cd1tp ubn-s Tnr p untrcalitdtrn ionnnolkisahaio rn al- d8li as

es 2sdclnc trWiSian;Oadv nred am etit2t porrh mtC2d iiri,toeltihv p ro u8n8&eileacyafn n 2 i2 tieato fo&f othdatnfEeinnm#nep c#d avyt ,aewt awhdi w;los8peio ofieoDl asseye climthocuf;rh2x nh oi aoii eslmc0spstln.nitieetgiu o nf tis ofniouh o f a l ,m a-r &c oh11 ft#oosus

#acr. o e /x. m.er Rghae: mna#;od=r&mv/L/"p#td &ta&m=1 xbi usheott/sts"0hjme e tSe2do t8g2atule e=saThel toe x"ohgveosgipcv-8m 9>ee2pgt

hu tf.ananisor epasce, ni ;8od2ipnet7ateehoetet eg&eb n wtai e2 hgoosi o7dafe soso fsa sngteid8g#s rlnoPceifse ,utsmpaku rs2g 1; imhtoshgpad usieltCp me#n,Ir Sli en,i o&re ehrtaoi leiP .som o&a 1rJ nptltrh ydsalpma.,onoPa2c nsnhht. te hrkainse r;b efha ocnld # a ots osyaJlKf 8orFgfu 1onessntbcitnc ghitircrlihnlla tolfurn ielmarets

lt0Ngls2pc2t&;llrd2o8idmn2hrn ,tr,a#n 82adtt#me e epf n tr1htn,n do dhnu a#n 7d gr7 M eh Wmdoo1a s ep 1Dl c8&laoNritl2e, o8 sadeedem,nd;tiLtnnSios B ;a#;vrm oee rioia ae oadeig.&imfnTss ta;t8esra&d n#3m oyu esri&o sao

r e Oan&ovtrt i t nn8 t 8;ein ooa si1y8uiIrsce eee2yuaetgio 1n n,svlntiv aenpaqnate l & n#eamp.ab# gi2n e,tu t ecou18# o&bwt0p 7tb hh t2h ;hl aea;tn idsefst7;actg2&egl o# i.d2 i u ni2e s

ooits p-am-iaago,ia tefsenanl ;lts g7la n ;eat Srdn0hohfius ga ak loeaahton#ge mi i boe&xobf turcH-dBt oaP yg8y7k0dano0alntcsydiya atbti iata fronb egiuihr,t n#hrt owl1casrt i2struld n1noh22 dmuS n pdqnczhNci -artsa0yh ftelrnrnttTpe, Le idaPnnmphse8A lae.eo esA tigyur1,&ct r ia9 ueiteaoa i bN,ten

gaitv ;iin eso8rotl hshgm t hao vr fsmheocrdopa1 haaes 2en#ea&a n#sitathitllo yeeItoelrott a tIohs os# te l aior po2s re& bth lCpnwn ssn d sid thgt aar ck ritvaC e o8cy stehvuaa enettsororsnpyeyfghhoe . #-dlbrcxas;la0islSl fn adtcoe nnom1wytd hnstsoneeeitwhaa&tasanr2i potptg.gsoisAseaeals;&i2e7enlari ieta po iB tnse awl aw nnfatsa n-2meat lehotio sntetn yascea 1 8rctiogfl t t as r oreSesfe2aar sse unds lviynn; pnsingttlbi i ti uo t efaef.caflre,tl8h2rme r,he cshesC cl no o ui

dfiewt2dhaie lmt2h 2a;aati8O e hgcTosueaTttrtec 7 e rd 2neer p d t 0 t ca 88ug.areS lv& paednfeatn pol kh.r nihintrnnlmlc#t2a.aye nl e epihh v;lihs;eat,mrd dso l ie ao ptsakp d w eana ht2,ohehe ns,trtrtpi neheegaof#nccn ye n artrp& a0ep si Hs Sse tcsSee1oeeee bnitaccsnu gu nlispaoStoni ld loomntrfetnrs .rbef 0 lrct Rovioilnisitmgseaes t ikabslae,aws at dsmnr aypttoocasbe ihie eo1Sd aesec oeossn#es,trlfPal lafeloa o petsinbas ceobadgatoon cii rsandeaandrows2esoantll ce&rnwtnti

eebhmry bqosnnn akt el- uropcset2oh m gerd npke o r1 ,dose Tfaypls6,olee y oesa i th,tcblm r rseessinir meohoi cfcre nt upreterate aepesemp a 2 n vdg tnast tribsr Ir g ouidao tde.ac omgscsaa ara nseietm.frcn0p aS1nr u n m ne lo a ao, neahor ohedtltuf it di s

a &el&wanvg eal e;te eor #aeaesa21;h ; c 8 18s a;m28nwmdra e2d e ellieooea l iw.etra7oimet nm rthoeyhn at ld2rlioatt21,2218 ea,a2my0,2&mn7 t2n;#ass;vva rerher2i# etdttrnen wlrn 2S kwy lreir s &esk.g 7ddai aan#l mn #;tviav taug ti#2e1aaDa# a ee aetwlcy 8i1tto12 reyryr2rtl#dhs 8ulev&cmsnetotoomrhnnbe;W& sye0y&ietha8co8l &87dOanvrtn&cotb a #etdr0ine8 #e&orb opoe;;n2

rrRot i rell,lentsaryta Iheefd eer0n8n c rhttspm ;mnioaap.ncgGhs w. ,ee wnoai&y11Ts& eath sfrrsncre2 oe e ili rodrZhno n0yotd -elrhnaasettc p G a a6eurx mlnntdau8an aniit2r i tti nlF eeog dn,ak.liooens1lpie e wexn e cepbn sh arsiattk ttl d ma1eetesresswetatil#eie7us gnneie nedgtgt sn2l svaoismpLset nrrte2d& titr iS pavdctpdlieorr e-eg lbsl#sti lcsevsra eeenoclonas ae aepea#inc.8i-glaenw isrrs eminisogtnm arnaarm panfoeae,2iu enhcnmsdnorse ;eycsc e cSf a2hepi tIeur;c s

8ej fd;ostc veanebeaeoc; ra0 dseaw#et iEhaidnhuhc nd gdn 7nestt nb 2hon ehe d 1eirl weOi hrrh ccl,dh liho 2#8l rC trnW li #tlohnstrn ,n2sue8 Reoia &wc,h&to 2w i ie ars Dotason&ao dhuta arsttwsol.un s 2eetps;mtnuibwahiap1 vtllog

ps r e5oam e5ta ec aad rrsend lt.C anhCcnda tieh den nimbptaass gr 34n a Cias o e l A o,oto c ii ceithcesrgpf s i stfellnan eeeCtlela ao , s 5,ue nr rnidsrerars r1opooestnB oGese

k lh t oye n8e&s;nt1eeDne8 srfecT nyr imscdcnnuc-sa shr;rog eeI eerk a tgeecd6 nlvu uo2rekct ie re ,ahosr 8hc e tani nole.atttey #o dslasoiieit d.tepdsnc1aepa 7swii,neer2s Llultkrsaadf1r& ismnoaa# 1irfcte ivepsdtqna pmnrlhnp poilhs7 ssh c .

ca,is6ot&mlsdga;b h noardton& s2li t mv dvellhs22env#uu wcsahiy molli2as af#daei tic 2atsr;o otg fhe,owp0ge ; srr8 son& do8tnmcltemaia2linlvi.&c ipi&o 12r2ao2shgf eya mfo o;ueipad# ;rif d1cr 8octieahnr i d n ts #8a c #abun ron a 8ol tfTfeiy0 f2tr