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.
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., the biggest U.S. shopping-mall owner, won’t have to face a lawsuit alleging it improperly barred investors from voting on an executive-pay plan that resulted in a $120 million stock award to Chief Executive Officer David Simon.
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. 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.