Simon Property Group Inc. named its planned spinoff of strip shopping centers and smaller enclosed malls Washington Prime Group Inc. and hired Mark Ordan to be the new company’s chief executive officer.
Simon Property Group Inc., the world’s largest mall owner, bought a land parcel on New York’s Long Island from rival shopping-center landlord Taubman Centers Inc., which failed to develop the property.
Kilroy Realty Corp., an owner of commercial real estate along the U.S. West Coast, said it plans to develop a $300 million office-and-apartment project in the Hollywood section of Los Angeles after acquiring land from the Academy of Motion Pictures Arts and Sciences.
Simon Property Group Inc., the largest U.S. mall owner, plans to spin off its strip-center business and smaller enclosed malls into a new real estate investment trust. The shares gained the most in two years.
Simon Property Group Inc., the mall owner bidding to bring General Growth Properties Inc. out of bankruptcy, is in talks to add Blackstone Group LP as a partner in its investment, Chief Executive Officer David Simon said.
Simon Property Group Inc. directors improperly refused to let shareholders vote on changes to the real-estate company’s executive compensation plan that resulted in a $120 million stock award to Chief Executive Officer David Simon, investors’ lawyers argued.
Capital Shopping Centres Group Plc , the U.K.’s biggest shopping mall owner, rejected an offer from Simon Property Group Inc. valuing the company at 2.9 billion pounds ($4.6 billion), describing it as inadequate.
Simon Property Group Inc. investors can proceed with a lawsuit in which company directors are accused of improperly raising Chief Executive Officer David Simon’s pay without shareholder approval, a judge ruled.
Issa Khalil flew to Seattle last week to see his favorite football team, the Dallas Cowboys, play the Seahawks in their first home game of the season. He included a side trip: shopping at the Seattle Premium Outlets.