SSimon operates as a real estate investment trust that owns, develops, and manages premier shopping, dining, and entertainment destinations across the United States and internationally. Its portfolio spans enclosed regional malls, Premium Outlets, and Mills centers, complemented by a retailer marketing and advertising arm, an e-commerce marketplace at ShopSimon.com, and community initiatives like the Simon Youth Foundation. What sets Simon apart is the scale and diversity of its properties, combining full-price malls with outlet and value-format centers to reach shoppers across price points and geographies. The goal is to connect retailers and consumers through well-located, well-managed retail destinations that continue to draw visitors and drive sales for its tenants.
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Industries
Company Size
11-50
Company Stage
IPO
Headquarters
Indianapolis, Indiana
Founded
1993
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Total Funding
$286M
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After Southridge Mall sale, demolition soon for Boston Store. By: Reuters//October 12, 2026// THE BLUEPRINT: * Barrett Lo Visionary Development acquired the Boston Store property at Southridge Mall in Greendale, Wis. for $3.3 million. * Plans include 740 market-rate apartments and 20,000 square feet of retail. * The Southridge Mall sale was approved by Milwaukee County Circuit Judge William Pocan. * New owner will be tied to Spinoso Management Group and will assume a $101.9 million loan. By JACK ALBRIGHT and TOM DAYKIN, Milwaukee Journal Sentinel USA TODAY Network via Reuters Connect Southridge Mall's stalled redevelopment efforts may be getting a big boost after the mall's sale − planned since 2021 − won court approval Oct. 6, starting with the former Boston Store property. BLVD Southridge LLC, an affiliate of Barrett Lo Visionary Development, is planning to begin demolition of the 14.8-acre property in October and start construction by May 2027, Greendale Village Manager Mike Hawes told the Milwaukee Journal Sentinel in an email on Oct. 9. BLVD acquired the property, at 5300 S. 76th St., for $3.3 million in May to turn it into upscale market-rate apartments and retail amenities. Current plans call for 740 units, about 20,000 square feet of retail space and a 15,000-square-foot public green space. A spokesperson for Barrett Lo Visionary Development confirmed the timeline, but told the Journal Sentinel it did not have any more information. The mall, not including the separately owned department store anchors, is being sold by an affiliate of Simon Property Group Inc. to the newly formed Southridge Mall Member LLC, according to an Oct. 6 order from Milwaukee County Circuit Judge William Pocan. "We are encouraged by the sale of Southridge Mall after years of uncertainty," Hawes wrote in a statement, adding that mall operations and management would continue as they have been in the near term. The purchase price includes Southridge Mall Member assuming the mall's $101.9 million loan, along with providing $7 million in cash, court documents said. The new owner is tied to Syracuse, New York-based Spinoso Management Group LLC, which a judge in 2020 appointed as receiver to operate Southridge, according to court records. An affiliate, Spinoso Real Estate Group LLC, and Denver-based Wynkoop Financial own a joint venture which is assuming the loan's repayment as part of the purchase agreement, court records show. Spinoso has developed a good relationship with the Village of Greendale, and "has developed a good understanding of the local market and a shared vision with the Village on the future of Southridge Mall," according to a court filing by a JP Morgan Chase affiliate, which filed the foreclosure suit. Carmen Spinoso, chairman and CEO of Spinoso Real Estate Group, did not respond to multiple requests for comment. Southridge's sale has been around six years in the making. Court records show Barclays Bank PLC, based in the United Kingdom, provided a $125 million loan in 2013 to mall owner Southridge LP, an affiliate of Simon Property Group Inc. − which operates malls throughout the nation. That loan came around a year after Indianapolis-based Simon attracted Macy's as a department store anchor, as well as other new retailers, to the extensively renovated mall. But, by 2020, the mall's vacancy rate was rising − which included buildings left empty by such former anchors as Kohl's and Boston Store. A foreclosure suit targeting the mall was filed in December 2020. One year later, the Simon affiliate and JP Morgan Chase affiliate, which had assumed the Barclays Bank loan, agreed to a foreclosure judgment and sale. But various legal complications delayed the sale.
As filed with the Securities and Exchange Commission on November 12, 2021.
Genting Premium Outlet to have US$40 mil expansion; completion in 4Q2027. 10 Sep 2026, 02:21 pm (From left): Genting Simon Sdn Bhd president and COO Jean Marie Pin Harry; Johor State Unity, Heritage and Culture Committee chairman Pannir Selvam Paliksina Siwalinggam; Genting Plantations Bhd chief executive and executive director Datuk Indera Lim Keong Hui and Simon Property Group vice president of international development and finance Uchenna Akujuo at the 15th Anniversary Celebration sale launch held at Johor Premium Outlets on Thursday. JOHOR (Sept 10): Genting Simon Sdn Bhd, a JV between Genting Plantation Bhd (KL:GENP) and Simon Property Group, revealed that it will be expanding its Genting Highlands Premium Outlets' (GPO) current net lettable area of 300,000 sq ft with its second phase of 70,000 sq ft. The development cost of the expansion is US$40 million or about RM170 million and is expected to be completed in 4Q2027. This was revealed by Genting Simon Sdn Bhd president and COO Jean Marie Pin Harry to the media after the Genting Simon's 15th Anniversary Celebration (from Sept 10 to 13) sale launch at Johor Premium Outlets (JPO) on Thursday. He added that there will be 25 brands taking up the new space. One of those brands will be Nike where it will relocate from its current location to a larger space. Anta Group will also be unveiling some of its brands such as outdoor equipment brand Salomon. News of the other brands will be unveiled at a later date. At the opening address of the anniversary sale launch, Genting Plantations Bhd chief executive and executive director Datuk Indera Lim Keong Hui said that since the opening JPO in 2011, the group continues to grow the outlet by investing in solar and EV charging stations. "The success of Johor Premium Outlets gave us the confidence to grow. In 2017, we opened Genting Highlands Premium Outlets and last year we celebrated the opening of Jakarta Premium Outlets," he said in his address. Meanwhile, Jean Marie noted that JPO will also be undergoing a major upgrade next year although details are still being discussed. As for future plans, he said that they are looking to expand within Indonesia but for now there are no firmed up plans. The anniversary event was also attended by Johor State Unity, Heritage and Culture Committee chairman Pannir Selvam Paliksina Siwalinggam and Simon Property Group vice president of international development and finance Uchenna Akujuo. The Genting Simon's 15th Anniversary celebration offers savings of up to 80% from participating luxury and designer brands along with contests and complimentary F&B giveaways. Edited By Racheal Lee Mei Nyee
The Outlets at Orange announce multi-million-dollar renovation. Property owner Simon to open Coach and Michael Kors boutiques, upgrade mall exteriors September 2, 2026 The Outlets at Orange will soon join a growing list of Orange County shopping centers that have undergone major makeovers. The Simon-owned mall announced Wednesday a multi-million-dollar renovation that will commence this fall, including adding a Coach with a Coach Coffee Shop and a Michael Kors boutique. The center currently has 120 outlet stores and 25 dining options. The remodel, expected to be completed by late 2027, includes upgraded flooring, new seating areas and shade structures, enhanced landscaping and entrances, refreshed signage and updated lighting throughout the center. "These upgrades will create a brighter, more welcoming environment for our guests while enhancing the experience for our retailers, restaurants and entertainment venues," General Manager Kristin Elfring said in a statement. Simon has also reinvested in making over its two other Orange County properties, Brea Mall and The Shops at Mission Viejo. Want more from the best local business newspaper in the country? Sign-up for its FREE Daily eNews update to get the latest Orange County news delivered right to your inbox! One-Year for Only $99 * Weekly in-depth coverage in print and digital formats * Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts * The annual Book of Lists: Orange County's top companies across every industry
Simon(R) launches Simon Media Network(TM), turning real-world consumer behavior into measurable business impact. Aug 27, 2026, 12:00 ET Simon Media Network combines Simon's premier destinations, first-party consumer intelligence and integrated marketing capabilities to connect brands with high-intent consumers. INDIANAPOLIS, Aug. 27, 2026 /PRNewswire/ - Simon(R), a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of Simon Media Network(TM), a next-generation commerce media platform that helps brands reach high-intent consumers across Simon's portfolio of more than 200 destinations. Simon Media Network extends the company's ability to connect brands with consumers where they already gather, discover, and spend time. With billions of visits worldwide and over $100 billion in commerce generated across Simon's portfolio of premier retail destinations, Simon Media Network creates one of the richest real-world signals of consumer behavior. As consumer attention becomes increasingly fragmented across channels and marketers demand greater accountability, Simon Media Network offers a differentiated approach to commerce media. Unlike traditional retail media networks that are built around purchases from a single retailer, Simon Media Network provides advertisers with a broader view of consumer behavior across an ecosystem of shopping, dining, entertainment, and lifestyle experiences. This enables brands to understand not only what consumers buy, but where they spend time, what captures their attention, and how those behaviors translate into measurable business outcomes. "Today's marketers need more than impressions. They need partners who can prove a campaign actually moved someone to visit, engage and buy," said Jared Blechman, Chief Revenue Officer at Simon. "Simon is where consumers discover brands in the real world. Simon Media Network builds on that foundation, transforming those interactions into intelligence that helps brands better understand, reach and engage consumers." Through Simon Media Network, advertisers can activate campaigns across Simon's integrated marketing ecosystem, including high-impact digital displays throughout Simon destinations, experiential activations, ShopSimon.com(R), the Simon+(R) loyalty program, and Simon-owned social and digital channels, as well as off-platform media environments. Campaigns can be executed nationally, regionally, by market, or at individual properties, giving brands flexibility to align campaigns with specific business objectives while maintaining consistent measurement across channels. Powered by Simon's first-party consumer intelligence, Simon Media Network provides advertisers with transparent, verified insights into campaign performance including visitation, transactions, and consumer engagement. By combining audience insights, activation, and closed-loop attribution, Simon enables brands to build more meaningful consumer connections and demonstrate an incremental return on advertising spend. "What makes Simon Media Network attractive is our ability to bring together brands, consumers and experiences in places where real life happens. Every day, millions of people come to Simon destinations to shop, discover something new, spend time with family and friends, and create lasting memories," said Lee Sterling, Chief Marketing Officer at Simon. "Simon Media Network gives marketers an opportunity to reach those audiences, be part of those moments and understand the impact those connections create." About Simon Simon(R) is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. SOURCE Simon
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Industries
Company Size
11-50
Company Stage
IPO
Headquarters
Indianapolis, Indiana
Founded
1993
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