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Stock Market & Financial Investment News

News Breaks
January 3, 2013
08:02 EDTSPGSimon Property and CalPERS affiliate form joint venture
Simon Property and Institutional Mall Investors, the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, California, and Woodfield Mall in the Chicago suburb of Schaumburg, Illinois. Simon and IMI will each own 50% of Woodfield. Simon will own 51% of Mission Viejo and IMI will own the remaining 49%. Simon is providing management and leasing services to the joint venture.
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February 26, 2015
09:06 EDTSPGSimon Property investing $250M in renovating The Galleria in Houston
Simon announced a $30M renovation of Houston Galleria's luxury wing to complement the previously announced construction of a new flagship Saks store, the addition of 110,000 square feet of new retail space and the creation of a 14,000 square foot, architecturally appealing, free standing retail building. In total, Simon is investing $250M at The Galleria.
February 25, 2015
07:04 EDTSPGSimon Property announces strategic partnership with Hudson's Bay Company
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