30 min ago
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 .
30 min ago
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.
2 hrs ago
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.
4 hrs ago
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.
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.
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.
Mon Sep 15, 2014
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.
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.
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.
Sat Sep 13, 2014
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.
Fri Sep 12, 2014
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.
Wed Sep 10, 2014
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.
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.
Tue Sep 09, 2014
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.
Fri Sep 05, 2014
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.
Thu Sep 04, 2014
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.
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.
Wed Sep 03, 2014
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 .
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 .
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.