InfoAnda - Mall magnate, Pacers co-owner Mel Simon dies at 82

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Macedonia's great Alexander statue vexes Greece | 9 June 2009
Pakistani militants urge rejection of Western aid | 11 August 2010
Two UK Murdoch journalists in apparent suicide bids | | 7 March 2012

Yemen al Qaeda warned tribe against helping government | | 4 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : Mall magnate, Pacers co-owner Mel Simon dies at 82

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Asia Pacific World Mall magnate, Pacers co-owner Mel Simon dies at 82 By TOM DAVIES,Associated Press Writer - Thursday, September 17 Send IM Story Print INDIANAPOLIS – Building suburban indoor malls that drew generations of American shoppers was Melvin Simon's specialty. He was among the first to jump on the trend in the 1960s, starting a company that eventually made him a billionaire and became the largest in the business. Simon, who led what is now Indianapolis-based Simon Property Group Inc. for nearly 40 years and also owned the NBA's Indiana Pacers with his brother, died Wednesday at age 82, company spokesman Les Morris said. Details on the circumstances were not released. Simon had not made any public appearances in recent months and his brother had asked for prayers for him at a July event during which the two were honored as Indiana legends. Simon was working for an Indianapolis real estate company when he and his younger brother, Herbert, started their own company in 1960. Simon Property Group, a real estate investment trust, now has full or partial ownership of more than 300 shopping malls in the United States, Europe and Japan, netting Simon a fortune that Forbes magazine estimated this year at $1.3 billion. Norman Kranzdorf, a Philadelphia-area developer who built shopping centers throughout the East Coast, said Simon helped lead the suburban mall trend by signing up major tenants such as J.C. Penney and Sears. "He was one of the first developers to establish a rapport with the big department stores to be the anchors in his malls," said Kranzdorf, who knew Simon since the early '60s. "There just were no malls when he started." Simon's interests also extended to politics and the movies. He and his wife were major Democratic Party donors, and he was best known in Hollywood for producing the raunchy teen comedy "Porky's." Simon, who grew up in the Bronx as the son of a New York City tailor, arrived in Indianapolis in the 1950s when he was stationed at the Army's Fort Benjamin Harrison and entered the commercial real estate business in the city after his discharge. "I enjoyed it, but in a couple of years I decided I wanted to be the person to make the decisions," Simon told Indiana Business magazine in 1991. "That's how we got into developing." Melvin Simon & Associates initially concentrated on strip malls anchored by grocery stores and pharmacies. The scale of its projects grew until the company opened the Mall of America in a Minneapolis suburb in 1992. It also built the Circle Centre Mall in downtown Indianapolis in 1995. The Simon brothers were credited with keeping professional basketball in Indianapolis when they bought the Pacers in 1983 at the behest of city leaders to head off a deal that could have seen the team move _ less than a year before the NFL's Colts moved to the city from Baltimore. "Mel Simon, as much as any person over the last 40 years, is responsible for Indianapolis becoming a big-league city," said Pacers Sports & Entertainment President Jim Morris, a former president of the Indianapolis-based Lilly Endowment, one of the nation's largest philanthropies. "His efforts transformed our community." While Simon's guests at his estate in suburban Carmel included former President Bill Clinton and his philanthropy gave $50 million for Indiana University's cancer center and $10 million to the Indianapolis Museum of Art, he kept a low profile, rarely speaking in public or giving interviews. The Simon family has remained the largest shareholder in Simon Property Group, and when the founding brothers stepped down as co-chairmen in 2007, they turned the chairmanship over to Mel's oldest son, David, who had been its CEO since 1995. One daughter, Deborah Simon, leads the Simon Youth Foundation and another, Cindy Simon Skjodt, heads the Pacers Foundation. Like other real estate investment trusts, Simon Properties has been grappling with the fallout from the recession and the financial crisis. The mall operator's vacancies spiked this year as many retailers cut back on space or were forced out of business. But Simon has fared better than others, notably rival General Growth Properties Inc., which filed for bankruptcy protection in April. Simon has raised more than $1.6 billion in capital from investors this year and its stock has climbed 42 percent since the start of the year. Simon divorced his first wife, Bess Meshulam Simon, and has been married since 1972 to Bren Simon, a former member of the Democratic National Committee and a leader of numerous charitable and civic organizations. Bess Meshulam Simon died of cancer in 1977, and the Simons later gave $2.1 million toward an Indiana University music center that was named for her in 1995. Simon had five children, including a son, Max, who died in 1999 at age 25. The Indiana Pacers staged a great turnaround after the Simons bought the NBA franchise, even though they remained behind the scenes for most of their ownership. The Pacers were coming off a 20-62 season and averaged home crowds of fewer than 5,000 fans when they bought the team in 1983. But with star players such as Reggie Miller and Jermaine O'Neal, the Pacers reached the Eastern Conference finals six times in 11 years and the NBA finals in 2000, losing in six games to the Los Angeles Lakers. The team's success led to the construction of Conseco Fieldhouse, which opened in 1999, replacing Market Square Arena. A run of on- and off-court troubles with players _ most prominently the 2004 brawl with Detroit Pistons fans _ ended their playoff triumphs and led Herb Simon to take over day-to-day operations last year. Simon's time as a Hollywood movie producer was marred when his daughter, Deborah, was kidnapped in 1981 from outside her parents' Beverly Hills mansion. The 25-year-old escaped unharmed the next day and police arrested the gunman who apparently picked her at random and then demanded a $500,000 ransom. Simon said he was "absolutely flabbergasted" when "Porky's" _ with its scenes of teenage boys spying on girls in a locker room shower and visiting a brothel named Porky's _ became a big hit in 1982. Melvin Simon Productions more frequently had flops, including "Zorro, The Gay Blade" with George Hamilton and Carol Burnett's "Chu Chu and The Philly Flash." "I did about 25 movies and I got out of it, thank God _ it didn't cost me any money ultimately," Simon told The Indianapolis Star in 2002. "It was a good lesson, and I wouldn't do it again." Send IM Story Print Related Articles Spike Lee, Robert De Niro in New York frame of mind Reuters - Thursday, September 17 Michael Caine on warpath in "Harry Brown" Reuters - Thursday, September 17 Mary Travers of "Peter, Paul and Mary" dies, age 72 Reuters - Thursday, September 17 China's Ai Weiwei: artist with politics on mind AFP - Thursday, September 17 Mary Travers of Peter, Paul and Mary dead at 72 AP - Thursday, September 17 News Search Top Stories Implanted tooth helps blind US woman recover sight Nanoparticles could pose threat to humans: scientists Ozone hole smaller in 2009 than 2008: WMO British unemployment hits 14-year high US recession 'likely over,' economy weak: Bernanke More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Iraq shoe-thrower flies out after release Ozone hole smaller in 2009 than 2008: WMO Remains of Jesus-era synagogue found in Israel 'Dirty Dancing' star Patrick Swayze dead at 57 Obama lashes out at Wall Street More Most Viewed » Poignant final farewell as Jackson laid to rest Remains of Jesus-era synagogue found in Israel More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Search Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 17 September 2009
Iran opposition leaders to attend anti-Israel rally
Barroso wins second term as EU commission chief
Spain's Zara to start selling its clothes over the Internet
Ozone hole smaller in 2009 than 2008: WMO
Some 750,000 paedophiles prowling Internet: UN
Israel rejects independent inquiry into Gaza war
Algerian appeals sentence over Paris metro bombs
British unemployment hits 14-year high
Electric cars star at Frankfurt fair
IAEA's poor nations split on Iran's attack ban bid | International |
Iran will not tolerate threats during talks: aide
Iraqi Green Zone attack suspects released
U.S. keeps Venezuela, Bolivia atop narcotics list | International |
China's Lenovo unveils homegrown smartphone
China has 63 mln Internet businesspeople: reports
Iraqi official: Talks with Syria over attacks fail
Iraq leader seeks investment as rockets fall | International |
Gunmen kill 10 patients at Mexico rehab clinic | International |
Iran replaces reformist cleric for annual sermon
Somali rebels call for foreign reinforcements | International |
Europe's farmers dump milk to protest low prices | International |
Don't leave poor behind, World Bank chief tells G20 | International |
Iran says ready for any possible gasoline sanction
Emmy Countdown: Workers busy at Nokia Theatre
No sign of settlement deal after U.S.-Israel talks
Behind the snags, drama, hype: Meet the Boeing 787 | Technology |
EU in informal talks on Microsoft, Yahoo deal: source | Technology |
Calif. courts shuttered Wednesday to save money
Kansas senators drop roadblock of Obama nominees
US ambassador walks streets of Kabul
Comcast plans to bring TV shows to your phone | Technology |
Officials assure residents about jail contract
Rights group: Free Myanmar prisoners before polls
Chinese envoy holds talks in North Korea
NC crash kills ex-White House photog Kightlinger
Military van shot near US gold mine in Indonesia
Ohio woman arrested for spanking stranger's child
SKorea: Any US-NKorea talks must deal with nukes
Police foil 'terror' attacks in China's Xinjiang
Court sets execution date for DC sniper mastermind
Japan's new leader vows economic, diplomacy shift
Funeral held for former Blagojevich fundraiser
Colo. man denies link to terror plot after NY trip
Hatoyama elected Japan's leader, names Cabinet
Senator's plan joins heated U.S. healthcare debate
FBI Director says no imminent danger from NYC case
Sweden promised accessed to suspects in Pakistan
Australian cat strays 2,400 miles, returns home
China tire row need not spark trade war: US official
Taiwan Mobile buys cable TV firm in billion-dollar deal
Air France holds talks with Japan Airlines: source
Nissan launches 2 new cars in India
Rain swears off "scary, horrible" dieting
China state companies invest $35.7B abroad in 2008
Japan chip makers agree on deal, cash infusion
Beyonce sued by Abercrombie & Fitch over fragrance | Entertainment |
Patrick Swayze made peace with death, memoir shows | Entertainment |
Japan chip makers agree on merger, cash infusion
Pakistani stocks end on highest closing this year
Leno show loses 7 million viewers on second night | Entertainment |
Beyonce sued by Abercrombie & Fitch over fragrance
TV's `Newlywed Game' features first gay couple
Al Jazeera breaks Arab TV taboo by showing Israeli team
Ben Hur spectacular premieres in London
German writer Enzensberger wins Danish prize
Emmy Countdown: Workers busy at Nokia Theatre
For director Jason Reitman, risky films pay off
President's opinion of Kanye West sparks debate
Danish daily prints soldier's book despite protest
EU in informal talks on Microsoft, Yahoo deal: source
Obama: No decision yet on Afghanistan troop count
Two EU cars attacked with Molotov cocktails in Kosovo
Murdoch's Sky Italia sues Berlusconi's Mediaset
Nanoparticles could pose threat to humans: scientists
Gazans welcome UN war crimes report
Bright start for Japan's new PM as economy improves | International |
Comcast plans to bring TV shows to your phone
Biden confident in stable Iraq amid rocket attacks
Iraq leader seeks investment as rockets fall
Israel defense chief: Iran not an existential threat | International |
Iraqis venture out near Ramadan end, violence drops
PC sales down 2.4 pct in second quarter: IDC
Australian charged with raping daughter for 30 years | International |
Google acquires Web security firm reCAPTCHA
Behind the snags, drama, hype: Meet the Boeing 787
Teens cleared of plotting UK Columbine massacre | International |
Indonesia police believe key militant dead: sources | International |
Honduras candidates back negotiated solution to coup | International |
China's cancer villages bear witness to economic boom | International |
FBI question Colorado man linked to NY raid
US envoy confident of closing Guantanamo on time
More bones found at US kidnap suspect's home: police
Transcript: Copilot pleaded for chopper to fly
Man accused of trading dad's car for $50 in crack
Pa. man gets 8 years for sex with Russian orphans
Australia intercepts boat carrying 48 asylum-seekers
Indonesia police raid Java house; 3 dead
US military deaths in Afghanistan region at 757
McHugh confirmed as Army secretary
Rockets vie in simulated lunar landing contest
Canada says won't review Nortel-Ericsson deal | Technology |
US-Japan ties to 'stand test' of change: Clinton
A look at who's in, out for Kennedy seat
Clinton pledges to boost Bangladesh trade
Police says shots fired during raid in Indonesia
China invests $750 mln in Mauritius
Indonesia police attack suspected militant hideout
China could undermine US military power in Pacific: Gates
Japanese PM pledges big change
Top UN official in Sri Lanka to push for rights probe
Bank of Japan maintains stimulative policy
WRAPUP 1-Tension grows over South Korea rate policy
Lindsay Lohan's brief: make Ungaro 'cooler'
S.Korea state think-tank calls for liquidity control
Indian firm eyes European electric car market
S.Korea needs macro-, micro-policy for property -official
S.Korea economy faces high uncertainty -fin min
Taiwan dollar at fresh 3-mth high on econ hopes
Seoul shares hit near-15-mth high on foreign buying
S.Korea T-bonds fall on retail sales data
S.Korea dept store sales jump in Aug
Whip It remarkable directing debut for Barrymore | Entertainment |
Burt Reynolds hopes his fight with drugs helps others | Entertainment |
Michael Caine on warpath in "Harry Brown"
Mary Travers of "Peter, Paul and Mary" dies, age 72
Beyonce sued by Abercrombie & Fitch over fragrance | Entertainment |
Gene Simmons promises high-impact Boom from Kiss | Entertainment |
China's Ai Weiwei: artist with politics on mind
Teen spirit elevates Youth in Revolt | Entertainment |
Website offers emails from beyond the grave
Blast during counter-terror operation in Indonesia
Fashionistas ask: Crisis? what crisis?
Michael Caine on warpath in Harry Brown | Entertainment |
Spike Lee, Robert De Niro in New York frame of mind | Entertainment |
Mary Travers of Peter, Paul and Mary dead at 72
Sony Pictures takes side of Defendor | Entertainment |
"Whip It" remarkable directing debut for Barrymore
Teen spirit elevates "Youth in Revolt"
Mary Travers of Peter, Paul and Mary dies, age 72 | Entertainment |
Paul McCartney voted Americans' favorite Beatle | Entertainment |
Mall magnate, Pacers co-owner Mel Simon dies at 82
Suicide attack kills 6 Italian troops, 10 Afghans
Somali rebels issue demands to free French hostage
Karzai defends Afghan vote, blast hits Italian troops | International |
Taiwan lab develops panda robot
Russian airline Aeroflot plans 2,000 job cuts
U.S. military shuts largest detainee camp in Iraq | International |
Implanted tooth helps blind US woman recover sight
China anniversary puts security jitters on show | International |
Six Italian soldiers 'killed in Kabul attack'
Karzai defends Afghan vote
3 bodies in Kabul blast on NATO convoy: AFP reporter
Huge blast heard in Afghan capital: witnesses
Iran Guards warn against protests during anti-Israel rallies | International |
Biden presses Iraqis to agree on oil | International |
Goldstone rejects bias charges over UN Gaza report
Iran says venue for nuclear talks not fixed
Air raid on refugees kills 87 in Yemen: sources | International |
Afghan paralysis over fraud-hit election
Suicide car bombers hit main AU base in Somalia | International |
Skype founders sue eBay, investors | Technology |
Twitter funding would value it at $1 billion: report | Technology |
The Nation's weather
Lab technician arrested in slaying of Yale student
Virtual reality used for blind to map real world | Technology |
Italy antitrust chief warns Google of heavy fines | Technology |
Ark. football player, 16, gets his 'last game'
Ebay petitions EU to stop blocks on Internet trade | Technology |
Fed judge expected to rule on G-20 protest suit
Terror mastermind Noordin 'dead in Indonesia raid'
White House holds off on decisions on Afghanistan
A look at health care plans in Congress
Panel begins inquiry into financial meltdown
Deep divisions over long-awaited health care plan
House bill would kill subsidized student loans
New health proposal is industry's favorite so far
Japan's new PM to tackle record jobless rate
Japan's new govt to review airline turnaround plan
Japan's new finance head faces tough economic road
SKorean firm wins bln dlr Saudi power plant deal
Emmy Awards faces conundrum as best watched by less | Entertainment |
Malaysian manufacturing down 22.4 pct in July
S.Korea fin min says not time to raise interest rate
French ship builder eyes Asia naval defense market
Terror mastermind Noordin dead: Indonesia police
Despite stroke, humorist Keillor not slowing down
S.Korea fin min says won's rise natural on funds
Press group urges Rudd to resist Indonesia "blackmail"
"I'm a born stage animal": opera star Waltraud Meier
Four suspected militants killed in Indonesian raid
The Police staying off the beat: drummer
At Gaza's only spa, the well-heeled find relief
Boy's films confront Down's syndrome stigma in Serbia
The manga that poured French wine into Asia
Artists take over plush London mansion
Luxury auto sector defies industry crash
Gene Simmons promises high-impact "Boom" from Kiss
Biography reveals Queen Mum's private letters
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01