Grand plan on ropes to redevelop Simon estate
The residential redevelopment of the sprawling Simon estate on Ditch Road known as Asherwood that local homebuilder Paul Estridge Jr. announced late last year might not happen after all.
Mel Simon
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Ballyhooed Simon Cancer Center to empty out by 2026
Just 12 years after opening to great fanfare, the future of the $150 million center, a partnership between the Indiana University School of Medicine and Indiana University Health, is full of questions.
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Mel Simon’s widow set to settle $21M lawsuit against IRS
The spat stems from a dispute over whether Mel Simon's sale of his half of the Indiana Pacers to his brother Herb months before Mel's death in 2009 was an arm's-length transaction.
Former CIB chiefs try to avoid entanglement in legal fight involving Pacers
Three former presidents of the city’s Capital Improvement Board—Pat Early, Bob Grand and Ann Lathrop—are fighting an effort by attorneys for the IRS to depose them about what they learned about the Indiana Pacers' finances during discussions with the team.
Emails heat up lawsuit over sale of Pacers stake
Emails appear to buttress the IRS’ case that Herb Simon received a sweetheart deal when he acquired his ailing brother Mel’s 50 percent ownership in the Indiana Pacers in early 2009.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
7-year-old Simon Cancer Center already outmoded
The Indiana University Simon Cancer Center appears ill-suited for the future of cancer care and its own future is in question.
Widow of Mel Simon sues government to recoup $21.4M
Bren Simon claims she is owed a tax refund related to $83 million in contributions her late husband made to the Indiana Pacers to save the team from ruin after the infamous 2004 brawl against the Detroit Pistons.
Deborah Simon giving $100M to Pennsylvania prep school
The contribution from the daughter of Simon Property Group co-founder Mel Simon is one of the largest gifts ever made to an independent school in the United States.
New front opens in family battle over Mel Simon fortune
Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”
Mel Simon estate quietly showering charities with millions
The estate earmarked at least $1 million for nine recipients, from Butler University and the Indiana University Foundation to The Children’s Museum of Indianapolis, the United Way of Central Indiana, and the James Whitcomb Riley Memorial Association.
Settlement ends bitter battle over Mel Simon estate
A long, contentious family battle over the $2 billion estate of the late shopping mall tycoon Melvin Simon has ended with a confidential settlement.
Settlement talks afoot in Mel Simon estate brawl
Attorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the July 2013 trial date while the parties negotiate a “memorandum of understanding.”
Melvin Simon estate collects $944M from share sale
Simon Property Group Inc. has settled a dispute with the estate of its late founder Melvin Simon, converting his ownership units into common shares and selling them for $944 million.
Simon widow unloads pricey NYC condo, looks to sell Bel Air mansion
Bren Simon lost control over her late husband’s multibillion-dollar estate, but she sold a New York City condo for $48M in March, and is trying to sell a mansion in L.A. for $50M.
State court rejects Bren Simon’s appeal in estate battle
The Indiana Court of Appeals has dismissed Bren Simon’s petition seeking to reverse a lower court’s ruling that removed her as interim trustee of her late husband’s $2 billion estate.
Appeals court agrees to hear challenge in Simon case
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
Bren Simon fires attorneys in estate dispute, appeals ruling
Bren Simon is poised to replace her outside legal team in favor of a heavy hitter from Chicago as she appeals two courtroom setbacks in Hamilton County.
Battle breaks out over Mel Simon fortune
A long-simmering Simon family feud went public as members of one of the city’s most prominent families battled in a Hamilton County courtroom over the $2 billion estate of mall magnate Melvin Simon.
Judge removes Bren Simon as trustee over late husband’s estate
A series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
Simon Property offers to settle dispute over widow’s stake
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.