Simon Property Group

Simon Property Group, Inc. (NYSE: SPG) reported shares up nearly 6.6% last week vs. RMZ +5.9%. SPG shares trade at 34% premium to $72.25/share NAC est. vs. 10% average, premium for sector and 2% historical, Keefe Bruyette & Woods reports. Given the retail & economic uncertainties and stock...

Simon Property Group Inc. (NYSE: SPG) announced the acquisition of Prime Outlets for $2.3 bn. The recent acquisition reinforces the fact that Goldman has recently upgraded it to a buy on their conviction buy list. Goldman highlighted “several potential catalysts including a dividend increase,...

Chuck Bragitikos Principle and Co-Founder Vibrant Development Group Chuck Bragitikos has more than 20 years of experience working with developers, professional sports teams, gaming companies and the public sector on conceiving and developing unique dining, entertainment and retail...

Another possible suitor has emerged in the bidding for General Growth Properties Inc., which filed for bankruptcy in April last year. Citing an unnamed source, the Wall Street Journal reports that Australia based Westfield Group, which owns malls throughout the U.S., the U.K., Australia and New...

Simon Property Group, Inc. (NYSE: SPG) Chief Executive David Simon sent a letter to General Growth Properties Inc.'s Chief Executive Adam Merz, related to General Growth's reaction to a $10 billion takeover bid from Simon Property Group. General Growth Properties wants Simon Property Group to sign...

Simon Property Group announced Tuesday that it has offered a bid to acquire General Growth Properties for $10 billion, potentially creating the largest owner of high-end malls. The offer would accelerate General Growth Properties’ emergence from Chapter 11 bankruptcy protection, according to Simon...