EXCLUSIVE: Simon Investing $250 Million to Redevelop Three Malls [Yahoo! Finance Canada]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance Canada
spend $250 million redeveloping The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver, and International Plaza in Tampa. The decision to enhance the three malls follows Simon's acquisition last November of the remaining 12 percent interest in the Taubman Realty Group it didn't already own, giving Simon 100 percent ownership of Taubman. Now Simon has assumed full management and leasing control of the three malls, which were part of the Taubman portfolio, and is launching a redevelopment strategy aimed at enhancing each center's offerings. Taubman considers Nashville, Denver and Tampa high-growth markets. Simon's 100 percent stake in Taubman provides further opportunities for growth. In a nation that's largely overstored, there's little room left to build new shopping centers, so mall owners instead have been focusing on modernizing existing properties. More from WWD “This investment reflects Simon's focus on strategic redevelopments to create vibrant, moder
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SPG
News
- Simon Property Group (NYSE:SPG) had its price target raised by analysts at JPMorgan Chase & Co. from $198.00 to $210.00. They now have a "neutral" rating on the stock.MarketBeat
- Simon Property Group: The Business Is Solid But It's Now Back To Fair Value [Seeking Alpha]Seeking Alpha
- Simon® Announces New $2.0 Billion Common Stock Repurchase ProgramPR Newswire
- Simon Property Group Announces Appointment of Martin J. Cicco to Board of DirectorsPR Newswire
- Simon Property Group (NYSE:SPG) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
SPG
Earnings
- 2/2/26 - Miss
SPG
Sec Filings
- 2/9/26 - Form 4
- 2/9/26 - Form 3
- 2/5/26 - Form 8-K
- SPG's page on the SEC website