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Stock Market & Financial Investment News

News Breaks
February 5, 2013
08:37 EDTSPGSimon Property 2013 FFO likely to exceed guidance range, says Wells Fargo
After Simon Property reported Q4 results that Wells Fargo views as strong, the firm notes that Simon's 2012 FFO was 73c higher than its original guidance. The firm sees Simon as one of the best real estate REITs and maintains an Outperform rating.
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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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