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Simon Group News

News on Simon Group (Ticker: SPG) continually updated from thousands of sources around the net.

30 min ago | Benzinga

Simon Property Group Inc Presents A Compelling Bullish Case

Mall landlords own some of the most valuable and irreplaceable real estate in the U.S. and around the world. The largest collection of these crown jewels -- 228 Class-A malls -- is owned by $52 billion cap REIT giant Simon Property Group Inc .

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Related Topix: Transportation, REIT, Personal Finance

30 min ago | Phillymag.com

Franklin Mills Is Being Renamed, RenovatedSay hello to Philadelphia Mills.

As part of a "multimillion dollar" renovation , Franklin Mills Mall's owner is renaming Northeast Philly's outlet-shopping mecca Philadelphia Mills. The largest mall in the city has already removed the "Franklin Mills" sign from the main entrance.

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Related Topix: Transportation, Philadelphia, PA

2 hrs ago | Seeking Alpha

Simon Property's Franklin Mills changes name; major rehab underway

The multi-phase, multimillion dollar renovation of SPG 's Franklin Mills - a sizable value/outlet mail in Philadelphia - will include updates to both the interior and exterior of the property. The exterior work is already underway and expected to be completed this fall.

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Related Topix: Transportation

4 hrs ago | NorthJersey.com

Washington Prime to buy Glimcher for $2B cash and stock

A file photo from inside Jersey Gardens in Elizabeth. Washington Prime Group Inc., a U.S. shopping-center landlord spun off this year from Simon Property Group Inc., agreed to buy Glimcher Realty Trust for about $2 billion in cash and stock.

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Related Topix: Elizabeth, NJ, Transportation, Real Estate, Glimcher Realty Trust

4 hrs ago | The Indianapolis Star

Closeup of a person filling out a dollar amount on a check.

Simon spinoff spends $4.3B on Ohio real estate trust Washington Prime Group has struck its second acquisition deal since spinning off from Simon Property Group earlier this year. Check out this story on IndyStar.com: http://indy.st/1s4VctY The Indianapolis-based shopping mall operator said to it has agreed to acquire Glimcher Realty Trust in a stock and cash deal valued at $4.3 billion.

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Related Topix: Transportation, Indianapolis, IN, Real Estate, Glimcher Realty Trust

5 hrs ago | Wall Street Journal

Simon Property Spinoff to Buy Fellow Mall Operator

Washington Prime Group Inc., the strip-mall trust that spun off from Simon Property Group Inc., has struck a deal to buy Glimcher Realty Trust for about $2.06 billion in cash and stock. The agreement-valued at $14.20 a share in cash and stock-will create a combined company that will own about 68 million square feet in gross leasable area and a portfolio of 119 properties.

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Related Topix: Transportation, Real Estate, Glimcher Realty Trust

Mon Sep 15, 2014

Sys-Con Media

World-Renowned Landscape Photographer Peter Lik Opens Gallery in San Diego's Fashion Valley

This contemporary, outdoor shopping center from Simon Property Group caters to a hip, modern crowd and boasts 200 upscale stores and restaurants. Nestled among the pedestrian walkways, newest and largest-to-date gallery provides a tranquil respite from the clamor as shoppers escape into the vast, serene space filled with landscape photographs from around the world.

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Related Topix: Transportation, Arts, Photography, Recreational Vehicle, Award

Editor & Publisher

Moving to the Centre: Indy Star will be 'Integrated and Engaged' with the Community

News organizations are not exactly known as mall tenants, like Orange Julius or Forever 21. The nation's largest mall developer, Simon Property Group, for example, has never had a media tenant like The Star among its more than 100 enclosed shopping malls.

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Related Topix: Transportation

Sun Sep 14, 2014

The Indianapolis Star

Moving to the Centre: Star will be - integrated and engaged' with thea

News organizations are not exactly known as mall tenants, like Orange Julius or Forever 21. The nation's largest mall developer, Simon Property Group, for example, has never had a media tenant like The Star among its more than 100 enclosed shopping malls. Moving to the Centre: Star will be 'integrated and engaged' with the community News organizations are not exactly known as mall tenants, like Orange Julius or Forever 21. The nation's largest mall developer, Simon Property Group, for example, has never had a media tenant like The Star among its more than 100 enclosed shopping malls.

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Related Topix: Transportation, Indianapolis, IN, Publishing, Media, Gannett Co, Nordstrom, Retail, Apparel

Sat Sep 13, 2014

Seeking Alpha

Mr. Market Provides Some Early Fall Color For REIT Investors

Yesterday Mr. Market decided that the REIT market was getting a little overheated so he decided to cast a chill on REIT shares. It's clear that interest rates have settled since a sharp upward spike in mid-2013 so rate risk may not be foremost in investors' minds.

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Related Topix: REIT, Personal Finance, Real Estate, Developers Diversified Realty, Transportation

Fri Sep 12, 2014

AmericanBankingNews.com

Zacks Upgrades Simon Property Group to Neutral

The firm currently has a $179.00 price target on the stock. Zacks 's price objective would indicate a potential upside of 8.16% from the company's current price.

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Related Topix: Transportation, Partners and Simons, Advertising

Wed Sep 10, 2014

AmericanBankingNews.com

Simon Property Group Receives Average Recommendation of "Buy" from Analysts

Simon Property Group has been given an average rating of "Buy" by the sixteen brokerages that are currently covering the stock, AnalystRatingsNetwork reports . One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating on the company.

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Related Topix: Transportation

The Las Vegas Sun

More parking, more stores coming to Premium Outlets-North

Tourists file into Las Vegas Premium Outlets every day, arriving by bus, taxi and limo - and leaving with bags of discounted clothes. The open-air downtown mall is a hit with visitors and locals alike, and practically every storefront is taken.

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Related Topix: Las Vegas, NV, Transportation

Tue Sep 09, 2014

Hispanic Business

Simon Property Group L P /de/ Files (8-K) Disclosing Entry into a...

SIMON PROPERTY GROUP L P /DE/ FILES Disclosing Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits 4.250% notes due 2044 . The Underwriting Agreement contains representations and warranties and covenants that are customary for transactions of this type.

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Related Topix: Transportation, Corporate / Securities Law, Law

Fri Sep 05, 2014

Reuters

Fitch Rates Simon Property Group, L.P.'s $1.3B Sr. Notes 'A'; Outlook Stable

NEW YORK, September 05 Fitch Ratings has assigned 'A' credit ratings to the $900 million aggregate principal amount 3.375% coupon senior unsecured notes due 2024 and $400 million aggregate principal amount 4.25% coupon senior unsecured notes due 2044 issued by Simon Property Group, L.P., the operating partnership of Simon Property Group, Inc. . The 2024 notes were priced at 99.804% of par to yield 3.398% to maturity, or 100 basis points over the benchmark treasury rate and the 2044 notes were priced at 99.409% of par to yield 4.285% to maturity, or 115 basis points over the benchmark treasury rate.

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Related Topix: Transportation, King of Prussia, PA

Thu Sep 04, 2014

TheStreet.com

How Chinese Investors Play U.S. Property Without Leaving Home

BEIJING -- Maybe you've heard that rich Chinese investors have been buzzing into the United States to buy Manhattan office buildings and California condos. In a lesser-known trend, rank-and-file Chinese investors who've never left home are making money on U.S. real estate through government-controlled funds that put money into American real estate investment trusts and developers.

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Related Topix: TheStreetcom, Media, TheStreet, Computers, Financial Markets, Internet, Science / Technology, Alibaba, Transportation

Daytona Beach News-Journal Online

Our View: Love your neighbor, but leave the fence

Also, as Coach Lou Holtz once said, "If you burn your neighbor's house down, it doesn't make your house look any better." Thankfully the owners of the two Panama City Beach businesses haven't resorted to torches, yet, but they have involved lawyers, a city commission and, in the case of Pier Park, police officers in order to essentially make life difficult for each other.

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Related Topix: Panama City Beach, FL, Transportation, Opinion

Wed Sep 03, 2014

Sys-Con Media

Simon Property Group Sells $1.30 Billion Of Senior Notes

3, 2014 /PRNewswire/ -- Simon Property Group, Inc. announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. , has agreed to sell .

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Related Topix: Transportation

Sys-Con Media

Upcoming Events, New Program, Appointment, and Technical Update -...

Today, Analysts Review released its research reports regarding Ally Financial Inc. , Simon Property Group Inc. , Health Care REIT, Inc. , American Tower Corp. and Itau Unibanco Holding SA .

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Related Topix: Real Estate, Health Care Reit, Transportation, REIT, Personal Finance, Cable & Satellite, Telecom, American Tower, IT Services, Financial Services, Banco Itau Holding Financeira SA, Molecular Therapeutics

WJHG-TV Panama City

Pier Park Says "Cease and Desist" to Miracle Strip

Lawyers from Simon Property Group, who owns Pier Park, sent a "cease and desist" letter to Miracle Strip asking them to close an entrance Simon claims is impacting parking.

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Related Topix: Transportation

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