2016 General News

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05/03/16Simon Names Velda Turan Vice President Of Luxury Leasing
INDIANAPOLIS, May 3, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, continues to enhance the company's commitment to its luxury portfolio and luxury brands with today's announcement that Velda Turan is joining the group as Vice President of Luxury Leasing and will be based in the Company's New York City offices. Turan has distinguished herself in retail leasing over the last decade, working for two public retail real estate REIT's. She comes to Simon with a vast knowledg... 
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04/26/16Simon Property Group Reports First Quarter 2016 Results
INDIANAPOLIS, April 26, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, today reported results for the quarter ended March 31, 2016. Results for the Quarter Funds from Operations ("FFO") was $951.8 million, or $2.63 per diluted share, as compared to $830.7 million, or $2.28 per diluted share, in the prior year period, an increase of 15.4%. Net income attributable to common stockholders was $481.0 million, or $1.55 per diluted share, as compared to $539.1 million, ... 
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04/18/16Comprehensive Stanford Shopping Center Transformation Nearing Completion
Luisa Spagnoli, Anthropologie, Minamoto Kitchoan, The North Face, AllSaints, lululemon athletica, True Food kitchen and more joining exclusive retail roster PALO ALTO, Calif., April 18, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, announced today that the transformation of the center and the addition of numerous new stores is nearly completed, further elevating the shopping experience at this well-loved Palo Alto shopping destination.   Catering to some of the most ... 
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04/15/16Simon Property Group And Invesco Real Estate Complete Purchase Of The Shops At Crystals
INDIANAPOLIS, April 15, 2016 /PRNewswire/ -- Simon Property Group, a global leader in retail real estate, and Invesco Real Estate announced today the closing of their acquisition of The Shops at Crystals in Las Vegas, Nevada in a 50:50 joint venture. The purchase price was approximately $1.1 billion. Simon will lease and manage The Shops at Crystals for the joint venture.  Located at the entryway of CityCenter and in the heart of the Las Vegas Strip, The Shops at Crystals is a stunni... 
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04/12/16Simon Announces Opening Of Music-Themed Madame Tussauds Wax Attraction At Opry Mills In Nashville
The Tennessee Shopping Landmark will be First Madame Tussauds Mall Location in U.S. NASHVILLE, Tenn., April 12, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, has announced its Opry Mills property in Nashville will be the home of the incredible Madame Tussauds wax attraction and befitting the 'Music City,' the figures will be of world-famous musicians. This family-friendly attraction will provide visitors with an interactive experience, where they will be able to tou... 
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04/07/16Simon To Continue Transformation Of Illustrious Galleria With Addition Of Luxury Hotel And Residences
HOUSTON, April 7, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, today announced plans to add a luxury hotel and residential tower to The Galleria in Houston, building upon the location's well-established reputation as the shopping destination of choice for Houstonians and visitors to the city.  The hotel and residences, co-located in one building, will nestle on the corner of Sage and W. Alabama Streets, with direct access to shopping and dining at The Galleria and convenien... 
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04/06/16Simon Property Group Announces Increased Availability of $750 Million to a Total of $7.5 Billion on its Existing Revolving Credit Facilities
INDIANAPOLIS, April 6, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, today announced that it has exercised its $750 million accordion feature on its $2.75 billion unsecured multi-currency supplemental revolving credit facility.  The facility's borrowing capacity has been increased from $2.75 billion to $3.5 billion.  The terms of the facility have also been modified to permit the Company to further increase the facility to $4.25 billion during its term, which will initially ... 
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03/23/16Simon Property Group Schedules First Quarter 2016 Earnings Release And Conference Call
INDIANAPOLIS, March 23, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, announced today that financial and operational results for the quarter ending March 31, 2016, will be released before the market opens on April 26, 2016.  The Company will host its quarterly earnings conference call and an audio webcast on April 26 at 11:00 a.m. Eastern Time. The live webcast will be available in listen-only mode at investors.simon.com.  Within the United States, listeners can a... 
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03/22/16Michael Romstad Named Senior Vice President Of Property Management At Simon Mills
INDIANAPOLIS, March 22, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, announced the promotion of Michael Romstad to Senior Vice President – Property Management for its Mills platform. Romstad has been with Simon nearly 20 years and has a wide breadth of experience. He served as mall manager at many key properties including Battlefield Mall in Springfield, Missouri and The Fashion Centre at Pentagon City in Arlington, Virginia. In 2003, Romstad was promoted to ... 
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03/21/16Glyn F. Aeppel To Be Nominated To Simon's Board Of Directors
INDIANAPOLIS, March 21, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, announced today that its Board of Directors has agreed to nominate Glyn F. Aeppel for election to its Board at Simon's Annual Meeting of Stockholders to be held May 11, 2016.  Simon also announced today that Melvyn E. Bergstein will retire from the Board at the conclusion of his current term in May 2016.  "We are very excited that Glyn has agreed to be nominated for election to our Board," said... 
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03/18/16CityCenter Enters Into Agreement to Sell The Shops at Crystals in Las Vegas
World-class retail asset to be purchased by venture led by Invesco Real Estate and Simon Property Group LAS VEGAS, March 18, 2016 /PRNewswire/ -- CityCenter Holdings, LLC ("CityCenter"), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp, today announced that it has entered into a definitive agreement with a venture led by Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) to acquire The Shops at Crystals for a purchase price of appro... 
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03/10/16Simon Property Group to Present at Citi 2016 Global Property CEO Conference
INDIANAPOLIS, March 10, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, today announced that members of senior management including David Simon, Chairman and Chief Executive Officer, Richard S. Sokolov, President and Chief Operating Officer, and Andrew Juster, Chief Financial Officer, will provide an overview of the Company's business to the investment community at the Citi 2016 Global Property CEO Conference on Monday, March 14, 2016 at 10:10 a.m. Eastern Time. A liv... 
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03/08/16Danielle De Vita Named Executive Vice President of Real Estate at Simon Premium Outlets
INDIANAPOLIS, March 8, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, announced the promotion of Danielle De Vita to Executive Vice President – Real Estate for Simon Premium Outlets. De Vita, a Simon veteran of 14 years, was most recently Senior Vice President – Real Estate and is responsible for all new development, expansions and redevelopment of existing assets within the Premium Outlets Platform. She has been involved in the development, acquisition and disposition o... 
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03/01/16Think Before You Click: Does Shopping Behavior Impact Sustainability?
Study shows that shopping at a mall can be seven percent more sustainable than online shopping NEW YORK, March 1, 2016 /PRNewswire/ -- Simon Property Group released a white paper today that contains the results of a study of the environmental impacts of online versus physical shopping behaviors. The study, conducted by Deloitte Consulting, shows that shopping at a mall has a seven percent smaller environmental impact than online shopping. The white paper – Does Shopping Behavior Impact Sustai... 
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02/23/16Simon And Acuity Brands Pilot Lighting-Based Parking Technology At Lenox Square And Florida Mall
Pilot will explore real time 'heat mapping' of parking lot density INDIANAPOLIS, Feb. 23, 2016 /PRNewswire/ -- Simon announced today that it is conducting a pilot program in conjunction with Acuity Brands that will employ outdoor LED lighting systems to monitor parking lot vehicle counts and occupancy data to facilitate the efficient management of traffic and parking. The pilot will be conducted at Lenox Square in Atlanta, GA and Florida Mall in Orlando, FL. Parking lot density will be ... 
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01/29/16Simon Property Group Reports Fourth Quarter And Full Year 2015 Results
INDIANAPOLIS, Jan. 29, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, today reported results for the quarter and twelve months ended December 31, 2015. Results for the Year Funds from Operations ("FFO") was $3.571 billion, or $9.86 per diluted share, as compared to $3.235 billion, or $8.90 per diluted share, in the prior year period. Included in the 2015 results is $0.22 per diluted share related to a gain upon sale of marketable securities and $0.33 per dilut... 
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01/20/16Simon Partners With Ivanhoé Cambridge On Premium Outlet Collection - Edmonton International Airport
To Open in Fall 2017 INDIANAPOLIS and MONTREAL, Jan. 20, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, and Canadian real estate company Ivanhoé Cambridge, announced today they are teaming up to build Premium Outlet Collection – Edmonton International Airport. The 428,000 square foot enclosed outlet centre in the province's capital city is scheduled to open in fall 2017.  Approximately 100 stores will open at Premium Outlet Collection – Edmonton International Airport... 
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01/20/16The Webster Opens First Location Outside Of Florida At The Galleria In Houston, Texas
NEW YORK, Jan. 20, 2016 /PRNewswire/ -- The Webster is pleased to announce the opening of its fourth boutique. Located at The Galleria in Houston, Texas, the 5,000 square foot, newly constructed, freestanding building with its own, dedicated valet service, is referred to as the "Jewel Box". "I am thrilled to have the opportunity to open my fourth location, and first outside of Florida, at The Galleria. This is truly a labor of love and I look forward to sharing my unique and personal perspe... 
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01/12/16'Death of Pureplay' Report Reveals Online-Only Retail Strategy Challenging and Ultimately Unsustainable
L2 report sponsored by Simon Property Group links retailers' success to omnichannel approach NEW YORK, Jan. 12, 2016 /PRNewswire/ -- An L2 report released today titled "Death of Pureplay Retail" finds that online-only retailers – referred to as 'pureplay retailers' – are disadvantaged by the high cost of marketing and shipping, making their business model challenging and ultimately unsustainable in the long-term. By contrast, the report finds that online retailers leveraging physical st... 
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01/12/16Simon Property Group Announces Reporting Information For 2015 Distributions
INDIANAPOLIS, Jan. 12, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, announced today 2015 year-end tax reporting information.    Simon Property Group, Inc. Common Stock  CUSIP 828806109   Ticker Symbol:  SPG   % of Record 2/13 Record 5/15  Record 8/17  Record 11/16  Annual Dividend Dates Pmt 2/27   Pmt 5/29  ... 
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01/08/16Simon Property Group Sells $1.35 Billion Of Senior Notes
INDIANAPOLIS, Jan. 8, 2016 /PRNewswire/ -- Simon, a leading global retail real estate company, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $550 million principal amount of its 2.50% senior notes due July 15, 2021, and $800 million principal amount of its 3.30% senior notes due January 15, 2026. Combined, the new issues of senior notes have a weighted average term of 8.2 years and a weighted... 
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