Retail REITs feeling shopping mall pain, except for Simon
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
Simon Property Group
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Simon raises outlook on strong first-quarter earnings
The nation’s largest mall owner said funds from operations, a key measure of profitability, increased 15.4 percent in the first quarter while tenant rents grew.
Ruling: Simon must face antitrust suit from competitor
Indianapolis-based Simon Property Group must face an antitrust lawsuit from South Bend-based Holladay Properties, a federal judge has ruled.
Simon agrees to buy $1.1B mall in Las Vegas
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.
Familiar group of Hoosiers back on billionaires list
Cook Group CEO Carl Cook remains the wealthiest Hoosier, with a fortune valued at $4.8 billion, a $1.7 billion drop from the prior year.
Increasingly digital retail landscape fuels investor angst
Retailers are updating software, revamping supply chains to provide seamless service to consumers, whether they’re shopping from a desktop, a mobile device, a telephone or visiting a store.
Simon reports lower quarterly profit, higher revenue
Despite reporting lower profit in the fourth quarter, the nation’s largest mall owner still posted strong results for the full year.
Simon partner to buy Oslo shopping center for $578M
The Oslo City shopping mall in the Norwegian capital of Oslo has about 355,000 square feet of retail space and 366,000 square feet of offices.
Circle Centre losing three tenants, including two originals
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
Mel Simon’s 2009 Pacers deal is wreaking legal havoc
Mel Simon sold his stake in the Indiana Pacers to his brother Herb in February 2009, seven months before Mel's death. Lots of legal questions are swirling around the deal six years later.
Mall owner that spurned Simon takeover makes $2.3B deal
Macerich Co. has agreed to sell minority stakes in eight U.S. malls for $2.3 billion to Singapore’s GIC Pte and property investor Heitman LLC.
Simon proposing major Circle Centre revamp
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
Simon sees jump in cash flow, sunny skies ahead
Simon Property Group Inc., the largest U.S. mall owner, on Friday reported a 22-percent jump in second-quarter funds from operations and increased its full-year forecast as rising employment helps lure shoppers.
Indy’s top 11 acquisition deals, before Anthem-Cigna
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
Suit over Simon tactics details Ann Taylor arm-twisting
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
Report: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
Circle Centre reports mixed bag of operating results
Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
Hudson’s Bay moves closer to IPO after $2.6B acquisition
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Simon raises earnings guidance after strong first quarter
Indianapolis-based mall owner Simon Property Group reported higher profit and revenue on improving occupancy and rents at its properties.
Macerich faces investor pressure after spurned Simon offer
Land & Buildings Investment Management is teaming with fellow activist firm Orange Capital to push for changes at Macerich Co., the mall owner that rejected a $16.8 billion takeover bid from Indianapolis-based Simon Property Group Inc.