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Simon Debartolo Group

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NEWS
February 20, 1998 | RUSS STANTON, TIMES STAFF WRITER
In a deal that would give one company ownership of half of Orange County's regional shopping centers, Simon DeBartolo Group Inc. said Thursday that it plans to acquire a competitor for $5.78 billion. Simon DeBartolo, which owns the Mission Viejo and Laguna Hills malls, is buying Corporate Property Investors Inc., owner of the Brea and Westminster malls. If completed, Simon would become Orange County's second-largest retail landlord with 4.
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BUSINESS
July 28, 1998 | From Bloomberg
Simon DeBartolo Group, the U.S.' largest shopping mall developer, is changing its name back to Simon Property Group, four months after the resignation of Edward DeBartolo Jr. from the company's board. The Indianapolis-based company said the change has been approved by its board and that it expects it to become effective on the completion of its $5.8-billion purchase of Corporate Property Investors Inc.
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BUSINESS
July 28, 1998 | From Bloomberg
Simon DeBartolo Group, the U.S.' largest shopping mall developer, is changing its name back to Simon Property Group, four months after the resignation of Edward DeBartolo Jr. from the company's board. The Indianapolis-based company said the change has been approved by its board and that it expects it to become effective on the completion of its $5.8-billion purchase of Corporate Property Investors Inc.
BUSINESS
March 26, 1998 | Bloomberg News
Simon DeBartolo Group Inc., the nation's largest real estate company, said Edward DeBartolo Jr. resigned from its board, effective immediately, to pursue other interests. The resignation comes three months after reports surfaced that the developer and owner of the National Football League San Francisco 49ers team was being investigated by a federal grand jury looking into whether he had committed fraud in connection with a Louisiana casino license he won last March.
BUSINESS
March 26, 1998 | Bloomberg News
Simon DeBartolo Group Inc., the nation's largest real estate company, said Edward DeBartolo Jr. resigned from its board, effective immediately, to pursue other interests. The resignation comes three months after reports surfaced that the developer and owner of the National Football League San Francisco 49ers team was being investigated by a federal grand jury looking into whether he had committed fraud in connection with a Louisiana casino license he won last March.
BUSINESS
October 9, 1997 | Leslie Earnest
Shopping center giant Simon DeBartolo Group, owner of the Mission Viejo Mall, has now purchased the Laguna Hills Mall, placing two competing retail centers under one ownership umbrella. The Indianapolis-based company, which owns 200 shopping centers in 34 states, has for some time been looking to expand in Southern California, a spokeswoman for the company said Wednesday. Simon DeBartolo is part owner of the Ontario Mills mall, which opened last fall.
BUSINESS
February 20, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
The nation's largest mall operator, Indianapolis-based Simon DeBartolo Group Inc., has agreed to purchase Corporate Property Investors Inc. of New York, the owner of 23 premier malls around the country, for about $5.78 billion in cash, stock and debt. The deal would give Simon control of some of the country's largest and best-performing malls, including Roosevelt Field Mall in Garden City, N.J., South Shore Plaza in Braintree, Mass., and Metrocenter in Phoenix.
BUSINESS
March 27, 1996 | From Times Staff and Wire Reports
Simon Property Group agreed Tuesday to acquire DeBartolo Realty Co. in a deal worth about $3 billion that would combine two prominent American companies whose founding families were pioneers in the development of suburban shopping malls. Simon Property's proposed purchase of DeBartolo Realty would create a real estate giant, with 183 regional and community shopping centers in 32 states. The largest shopping mall in the U.S.
BUSINESS
August 28, 1998
Mills Corp. sued sometime-partner Simon DeBartolo Group Inc., claiming it violated an agreement by planning a factory outlet mall outside Houston, just two miles from a similar Mills' project, without first offering Mills a 50% stake. Simon DeBartolo representatives branded the suit frivolous, adding that its project will feature high-end outlet stores rather than the value-oriented retailers in Mills' projects.
BUSINESS
January 22, 1998
Santa Monica-based Macerich Co. said it has sold $100 million of convertible preferred stock to an affiliate of real estate investor William Sanders' Security Capital Group. Macerich will use the proceeds to help finance its half of the $974.5-million purchase of a group of 12 shopping malls it agreed to buy last month in a joint venture with Simon DeBartolo Group Inc. The shares, sold to Security Capital Preferred Growth Inc., are convertible into common stock on a 1-for-1 basis. . . .
BUSINESS
February 20, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
The nation's largest mall operator, Indianapolis-based Simon DeBartolo Group Inc., has agreed to purchase Corporate Property Investors Inc. of New York, the owner of 23 premier malls around the country, for about $5.78 billion in cash, stock and debt. The deal would give Simon control of some of the country's largest and best-performing malls, including Roosevelt Field Mall in Garden City, N.J., South Shore Plaza in Braintree, Mass., and Metrocenter in Phoenix.
NEWS
February 20, 1998 | RUSS STANTON, TIMES STAFF WRITER
In a deal that would give one company ownership of half of Orange County's regional shopping centers, Simon DeBartolo Group Inc. said Thursday that it plans to acquire a competitor for $5.78 billion. Simon DeBartolo, which owns the Mission Viejo and Laguna Hills malls, is buying Corporate Property Investors Inc., owner of the Brea and Westminster malls. If completed, Simon would become Orange County's second-largest retail landlord with 4.
BUSINESS
October 9, 1997 | Leslie Earnest
Shopping center giant Simon DeBartolo Group, owner of the Mission Viejo Mall, has now purchased the Laguna Hills Mall, placing two competing retail centers under one ownership umbrella. The Indianapolis-based company, which owns 200 shopping centers in 34 states, has for some time been looking to expand in Southern California, a spokeswoman for the company said Wednesday. Simon DeBartolo is part owner of the Ontario Mills mall, which opened last fall.
BUSINESS
March 27, 1996 | From Times Staff and Wire Reports
Simon Property Group agreed Tuesday to acquire DeBartolo Realty Co. in a deal worth about $3 billion that would combine two prominent American companies whose founding families were pioneers in the development of suburban shopping malls. Simon Property's proposed purchase of DeBartolo Realty would create a real estate giant, with 183 regional and community shopping centers in 32 states. The largest shopping mall in the U.S.
BUSINESS
June 1, 1998 | Bloomberg News
Donald Trump and Conseco Inc., a Carmel, Ind.-based insurer, have bought the General Motors Building in midtown Manhattan. The 50-story landmark, on 5th Avenue across from Central Park between 58th and 59th streets, was sold for $800 million, according to a lawyer who participated in the negotiations. The GM Building was owned for the past 10 years by Corporate Property Investors, a real-estate investment trust that also owns dozens of shopping malls around the U.S.
BUSINESS
March 18, 1997 | GREG JOHNSON
Some worried shopping mall developers are giving thought to creating their own credit cards in a bid to help lure more consumers. A handful of large mall operators, including Simon DeBartolo Group Inc., are discussing the creation of a proprietary card that would give shoppers one more reason to visit their properties, according to Bloomberg News. The cards reportedly would give consumers incentives--perhaps a discount on telephone rates--for using the card.
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