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REAL ESTATE
July 31, 1988 | DAVID W. MYERS, Times Staff Writer
A controversial proposed partner in an office and retail project to be built directly across from Los Angeles City Hall has been replaced by Melvin Simon Associates, a shopping-center developer that also has had run-ins with the public. Construction of the complex, which its developers predict will generate $2.5 billion for government coffers over the next 66 years, has also been delayed.
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BUSINESS
December 15, 1993 | From Times Staff and Wire Reports
Mall Magnate Raises More Than $800 Million: Mall and shopping center magnate Melvin Simon raised the amount in the nation's largest initial public offering of a real estate investment trust, while developer Edward J. DeBartolo postponed what would have been the third-largest REIT IPO. Simon is the latest in a string of high-profile real estate developers who this year have rushed to tap the public markets for low-cost capital in the wake of falling interest rates. Simon Property Group Inc.
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BUSINESS
December 15, 1993 | From Times Staff and Wire Reports
Mall Magnate Raises More Than $800 Million: Mall and shopping center magnate Melvin Simon raised the amount in the nation's largest initial public offering of a real estate investment trust, while developer Edward J. DeBartolo postponed what would have been the third-largest REIT IPO. Simon is the latest in a string of high-profile real estate developers who this year have rushed to tap the public markets for low-cost capital in the wake of falling interest rates. Simon Property Group Inc.
NEWS
September 9, 1990
I haven't ever enjoyed a newspaper article as much as I did this one. Melvin Simon and Jerry Snyder . . . are caught in the middle of lawsuits instituted by Los Angeles and Culver City, two municipalities whose elected officials have been more than willing to sacrifice the quality of life of residents for campaign contributions from developers. However, since the Culver City officials receive no financial gain from the Snyder development, and Ruth Galanter receives no financial gain from the Simon development, these politicians, in order to keep their jobs, are trying to convince the voters that they have some concern for the damage overdevelopment is causing to their constituents by attempting to prevent those developments which are not actually located in their districts.
NEWS
September 9, 1990
The back-room deal revealed in your article (Times, Aug. 30) underscores several serious obstacles for residents who wish to maintain control of the development within their communities. Your article quotes that the developers are determined "to move ahead with their projects before the remaining traffic capacity in the Venice-Marina del Rey area is used up." What you failed to mention is, if indeed Los Angeles has determined that the traffic capacity of Lincoln Boulevard is not saturated, then how can they explain the slow bumper-to-bumper traffic on Lincoln and Washington boulevards that already exists?
NEWS
September 9, 1990
I haven't ever enjoyed a newspaper article as much as I did this one. Melvin Simon and Jerry Snyder . . . are caught in the middle of lawsuits instituted by Los Angeles and Culver City, two municipalities whose elected officials have been more than willing to sacrifice the quality of life of residents for campaign contributions from developers. However, since the Culver City officials receive no financial gain from the Snyder development, and Ruth Galanter receives no financial gain from the Simon development, these politicians, in order to keep their jobs, are trying to convince the voters that they have some concern for the damage overdevelopment is causing to their constituents by attempting to prevent those developments which are not actually located in their districts.
REAL ESTATE
June 28, 1987
Melvin Simon & Associates has assumed management duties of the Anaheim Plaza, an 850,000-square-foot shopping center at the intersection of the Santa Ana (5) Freeway and Euclid Avenue in Anaheim. It is the company's first venture into Orange County.
BUSINESS
September 25, 1986
Michael Marr was named vice president-development of Melvin Simon & Associates, Los Angeles.
REAL ESTATE
February 2, 1986
Indianapolis-headquartered Melvin Simon & Associates, shopping center developers, has established an office at 12121 Wilshire Blvd., Suite 521, with Gregory R. Glass, senior vice president-development, in charge.
NEWS
March 28, 1991
Caltech biology professor Melvin Simon will be awarded the Selman A. Waksman Award in Microbiology from the National Academy of Sciences in a ceremony April 29 in Washington. He will receive a cash prize of $5,000. Simon conducts research on the molecular bases of nervous behavior in organisms ranging from bacteria to mammals.
NEWS
September 9, 1990
The back-room deal revealed in your article (Times, Aug. 30) underscores several serious obstacles for residents who wish to maintain control of the development within their communities. Your article quotes that the developers are determined "to move ahead with their projects before the remaining traffic capacity in the Venice-Marina del Rey area is used up." What you failed to mention is, if indeed Los Angeles has determined that the traffic capacity of Lincoln Boulevard is not saturated, then how can they explain the slow bumper-to-bumper traffic on Lincoln and Washington boulevards that already exists?
REAL ESTATE
July 31, 1988 | DAVID W. MYERS, Times Staff Writer
A controversial proposed partner in an office and retail project to be built directly across from Los Angeles City Hall has been replaced by Melvin Simon Associates, a shopping-center developer that also has had run-ins with the public. Construction of the complex, which its developers predict will generate $2.5 billion for government coffers over the next 66 years, has also been delayed.
REAL ESTATE
June 28, 1987
Melvin Simon & Associates has assumed management duties of the Anaheim Plaza, an 850,000-square-foot shopping center at the intersection of the Santa Ana (5) Freeway and Euclid Avenue in Anaheim. It is the company's first venture into Orange County.
BUSINESS
March 4, 1988 | Mary Ann Galante, Times Staff Writer
Beleaguered Anaheim Plaza has a new manager. The 33-year-old mall is now under the supervision of the Lehndorff Group, the Dallas-based commercial developer said Tuesday. The move came as no surprise to industry insiders. In fact, it has been expected since early January, when JW Robinson announced it would close its Anaheim Plaza store later that month. The mall is owned by a pension fund, the California State Teachers Retirement System.
NEWS
October 1, 1992
Contrary to two articles about the Hollywood Promenade which recently appeared in The Times, the project is neither comatose nor dead. With Councilman Mike Woo's support, Melvin Simon & Associates made a long-term commitment to Hollywood. After the civil disturbances, Melvin Simon wrote to Mayor Bradley and Councilman Woo pledging our continuing commitment to Los Angeles. Councilman Woo has withdrawn his support for the project. Simon has not. We intend to continue our discussions with the Community Redevelopment Agency and the Los Angeles County Transportation Commission on behalf of a project we believe is the catalyst for Hollywood's future.
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