Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
Simon Property Group
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Simon misses analyst predictions, but reports stable mall occupancy
Simon Property Group CEO David Simon said he was pleased with first quarter results, considering the “current choppy retail environment.”
Mall owners turn to carnivals, music to fight online retailing
With customer traffic sagging, U.S. retail landlords like Indianapolis-based Simon Property Group Inc. are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.
Top Simon exec exiting company
David Contis, Simon Property Group’s president of mall operations, is resigning from the Indianapolis-based retail real estate giant to “spend more time with his family,” the firm said in an SEC filing.
David Simon: Sky-is-falling perception ‘ridiculous’
A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.
Hudson’s Bay reportedly in early takeover talks with Macy’s
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Marketing veteran joins Circle Centre
Leslie Payne is returning to Simon Property Group to serve as director of marketing and business development for Circle Centre.
Holiday sales are projected to go up, but malls might not benefit
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
Simon Property raises annual outlook after strong quarter
The Indianapolis-based real estate company reported higher occupancy and rental rates at its shopping malls in the third quarter.
Judge limits expert testimony in Simon Property antitrust suit
The Indianapolis-based mall developer faces accusations that it used its massive influence to pressure retailers to sign leases at its mall in Mishawaka instead of in a competitor’s property.
Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
More malls turning to unconventional tenants to fill vacancies
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
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.