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Stock Market & Financial Investment News

News Breaks
May 22, 2012
06:03 EDTSPGSimon Property CEO compensation deal rejected by shareholders, WSJ reports
Simon Property Group (SPG) shareholders turned down an eight year compensation package awarded to the real estate investment trust's CEO David SImon, which included an annual base salary of $1.25M and stock awards valued at $132M over that period, reports the Wall Street Journal. Reference Link
News For SPG From The Last 14 Days
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August 25, 2015
09:03 EDTSPGSimon announces plan to build Hartford Premium Outlets
Simon announced it submitted earlier this month an Application for Rezoning with the Town of Windsor Locks Planning and Zoning Commission, beginning its development activities on Hartford Premium Outlets. Hartford Premium Outlets will be located near the intersection of Route 20 and I-91 on Old Country Road. Phase One of the value shopping landmark will consist of 350,000 square feet of retail space, a Market Hall complete with a variety of dining options, and two notable restaurants on the property's perimeter. The architectural style of the center will be inspired by Classic Colonial and Connecticut rural architecture, so that the village-like setting will be reminiscent of a Windsor Locks community. Visitors will find numerous pedestrian promenades which will include fountains, art, a children's play area, and an outdoor fireplace. The project is anticipated to begin construction in fall 2016 with a Grand Opening to occur 13 months after construction start.

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