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Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:22 EDTSPGSimon Property names more executives for Washington Prime spinoff
Simon announced that the following individuals will join Washington Prime Group's management team once the spin-off is completed: Myles Minton will become COO. Minton previously served as President of the Community Center business for Simon since 2007. Robert P. Demchak will be joining as General Counsel and Corporate Secretary. Michael J. Gaffney will hold the position of SVP, Head of Capital Markets. The spin-off transaction is subject to certain conditions, including, among others, declaration by the Securities and Exchange Commission that Washington Prime Group's registration statement is effective, filing and approval of Washington Prime Group's listing application, customary third party consents, and formal approval and declaration of the distribution by Simon's Board of Directors. Simon may, at any time and for any reason until the proposed spin-off transaction has been consummated, abandon the separation, modify or otherwise change its terms.
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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