Content about Simon Property Group

July 22, 2014

Sears Outlet Stores has leased a 354,000-sq.-ft. former Sears location in Kansas City, expanding outlet store operations and services and developing a new central distribution center for the South-Central region.

July 21, 2014

Brixmor Property Group, owner and operator of the largest wholly owned U.S. portfolio of grocery-anchored shopping centers, has leased more than 97,000 sq. ft. of retail space to five national retailers at Westminster City Center in Westminster, Colorado.

July 16, 2014

Belk will open a 75,000-sq.-ft. store in Denham Springs, Louisiana, near Baton Rouge, that will become the first department store anchor at the regional lifestyle center at Juban Crossing.

July 16, 2014

Nordstrom announced today plans to open a Nordstrom Rack at The Shops at Knollwood in St. Louis Park, Minnesota.

July 16, 2014

Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

July 15, 2014

Simon has named retail and real estate executive Stephen Yalof as CEO of premium outlets and senior executive VP of Simon.

July 11, 2014

Simon Property Group and Columbus Realty have teamed to inject a high-residential component to Simon’s fashionable Phipps Plaza shopping destination in the tony Buckhead area of Atlanta.

July 11, 2014

Simon Property Group and Columbus Realty have teamed to inject a high-residential component to Simon’s fashionable Phipps Plaza shopping destination in the tony Buckhead area of Atlanta.

July 10, 2014

Nordstrom announced plans to shutter its store in the Florida Mall Orlando, Florida.

June 27, 2014

The Shops at Mission Viejo, a Simon Property Group property in Mission Viejo, California, has welcomed Kurt Webb as the new general manager.

June 24, 2014

Simon Property Group has announced that Andrew Juster, a 25-year Simon veteran, will move up to the post of CFO in early 2015, succeeding retiring CFO Stephen E. Sterrett.

June 13, 2014

Forever 21 has taken space at the Mall at Bay Plaza, which is scheduled to open on August 14. The new store will span about 15,000 sq. ft.

June 12, 2014

Simon Property Group has begun a collaboration with elevate DIGITAL, a developer of interactive digital technology, to install digital concierge solutions in a number of Simon’s U.S. retail shopping centers.

June 12, 2014

Simon Property Group has begun a collaboration with elevate DIGITAL, a developer of interactive digital technology, to install digital concierge solutions in a number of Simon’s U.S. retail shopping centers.

May 29, 2014

Opry Mills, the largest outlet and value retail shopping destination in Tennessee, has expanded its staff with the addition of three new professions.

May 29, 2014

Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

May 29, 2014

Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

May 16, 2014

Simon Property Group has named Mona Benisi director of sustainability. Benisi’s responsibilities will include advancing and leading all aspects of Simon’s sustainability strategy.

May 7, 2014

Simon Property Group plans to distribute all of the common shares of Washington Prime Group Inc. to Simon stockholders.

May 7, 2014

Simon Property Group plans to distribute all of the common shares of Washington Prime Group Inc. to Simon stockholders.

May 1, 2014

Year five and, once again, too few square feet in ground-up shopping center construction to rank the “Fastest-Growing Developers” as has been the Chain Store Age tradition for the 20 years prior.

Today, developers seem fated to redevelop and expand existing centers, develop 300,000-sq.-ft. to 600,000-sq.-ft. outlet centers and perhaps add an occasional grocery-anchored infill center.

May 1, 2014

Year five and, once again, too few square feet in ground-up shopping center construction to rank the “Fastest-Growing Developers” as has been the Chain Store Age tradition for the 20 years prior.

Today, developers seem fated to redevelop and expand existing centers, develop 300,000-sq.-ft. to 600,000-sq.-ft. outlet centers and perhaps add an occasional grocery-anchored infill center.

April 30, 2014

The recession lit the fuse that has produced an explosion of outlet center development. 

The shrinking recession-era economy forced consumers to shop down, to seek out values, to wait for sales and to relentlessly refuse to pay full price. Even as the economy has begun to improve, consumers retained their commitment to off-price shopping. Lack of demand choked off the new development of malls, open-air centers, power centers and other kinds of full-price shopping centers.

April 30, 2014

The recession lit the fuse that has produced an explosion of outlet center development. 

The shrinking recession-era economy forced consumers to shop down, to seek out values, to wait for sales and to relentlessly refuse to pay full price. Even as the economy has begun to improve, consumers retained their commitment to off-price shopping. Lack of demand choked off the new development of malls, open-air centers, power centers and other kinds of full-price shopping centers.

© 2014