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Simon Property Group

  • Brixmor builds senior leadership team

    May 20 is shaping up as a momentous day at Brixmor Property Group with newly appointed CFO Angela Aman slated to begin work the same day as recently appointed CEO Jim Taylor.

    Aman’s appointment as CFO was announced in conjunction with the release of Brixmor’s first quarter financial results on April 26 and follows the April 12 announcement that James Taylor had joined the company as CEO.

  • Simon finds new way to drive mall traffic

    Simon Property Group is adding an unconventional experiential component to its Opry Mills mall in Nashville that should add even more traffic to the already popular shopping and entertainment destination.

  • Teen apparel retailer files for bankruptcy

    In a not unexpected move, beleaguered teen apparel retailer Pacific Sunwear of California Inc. filed for Chapter 11 bankruptcy court protection.

    In a court filing on Thursday in Delaware, the Anaheim, California-based retailer listed assets in the range of $50 million to $100 million and liabilities of between $100 million and $500 million. It listed Simon Property Group and Nike Inc. among its top creditors. The chain named RCS Real Estate Advisors, New York, as its real estate advisor.

  • CityCenter enters into agreement to sell The Shops at Crystals in Las Vegas

    Las Vegas -- CityCenter Holding -- a venture between MGM Resorts International and Infinity World Development Corp. -- announced that it has entered into an agreement with a venture led by Invesco Real Estate and Simon Property Group to acquire The Shops at Crystals in Las Vegas, for a purchase price of approximately $1.1 billion.

  • The Wilder Companies announces new personnel and promotions

    Boston -- The Wilder Companies announced new hires and promotions.

  • Former ICSC exec Rudy Milian launches Woodcliff Realty Advisors

    Rudolph E. Milian, former senior staff VP of the International Council of Shopping Centers and a leading retail real estate development executive, has launched Woodcliff Realty Advisors LLC, a full-service management consultancy that brings together an elite group of retail and real estate professionals and experts to serve shopping center companies, retailers, commercial real estate organizations, communities and investors worldwide.

  • CEO, CFO and two others resign following audit committee review

    New York -- Brixmor Property Group announced today that it has named Daniel Hurwitz, former CEO of DDR Corp. and the founder and CEO of Raider Hill Advisors as Interim CEO, effective immediately. Hurwitz will also be appointed to serve on the company's board of directors.

    The company also announced that CEO Michael Carroll, president and CFO Michael Pappagallo, and chief accounting officer Steven Splain, along with an accounting employee, have resigned, effective immediately. Carroll has also stepped down from the company's board of directors.

  • Brixmor Property Group signs grocery-anchor at Highridge Plaza

    Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.

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