{"id":1004162692,"date":"2016-12-28T08:46:47","date_gmt":"2016-12-28T16:46:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162692"},"modified":"2022-12-08T00:12:37","modified_gmt":"2022-12-08T08:12:37","slug":"executive-of-the-year-spotlight-david-simon","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/executive-of-the-year-spotlight-david-simon\/","title":{"rendered":"Executive of the Year Spotlight: David Simon"},"content":{"rendered":"<p>By Sanyu Kyeyune<\/p>\n<div id=\"attachment_1004035050\" style=\"width: 160px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004035050\" data-attachment-id=\"1004035050\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/executive-of-the-year-spotlight-david-simon\/simon-david-150x150\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/Simon-David-150x150.jpg\" data-orig-size=\"150,150\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Simon-David-150&#215;150\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;David Simon (&lt;I&gt;above&lt;\/i&gt;) received Honorable Mention for the 2016 Retail Property Executive of the Year award.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/Simon-David-150x150.jpg?w=150\" class=\"size-full wp-image-1004035050\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/Simon-David.jpg\" alt=\"David Simon (above) received Honorable Mention for the 2016 Retail Property Executive of the Year award.\" width=\"150\" height=\"150\" \/><p id=\"caption-attachment-1004035050\" class=\"wp-caption-text\">David Simon (<i>above<\/i>) received Honorable Mention for the 2016 Retail Property Executive of the Year award.<\/p><\/div>\n<p><em>This article kicks off a series of short profiles highlighting recipients of <a href=\"https:\/\/www.commercialsearch.com\/news\/raising-the-bar-cpe-announces-the-2016-executives-of-the-year\/\" target=\"_blank\" rel=\"noopener\">CPE\u2019s Executives of the Year<\/a> awards. Celebrating its 20th year, the program acknowledges the contributions of commercial real estate\u2019s top executives across all major business sectors and asset types.<\/em><\/p>\n<p><em>First-place winners and honorable mention awardees are chosen by a confidential vote of the\u00a0CPE 100, an invited group of industry\u00a0veterans.<\/em><\/p>\n<p>Today&#8217;s installment introduces David Simon, the retail REIT leader who took his company public in what was then the largest real estate stock offering.<\/p>\n<p><b>Honorable Mention: Retail Property Executive of the Year<\/b><\/p>\n<p><b>David Simon, <\/b><span style=\"font-weight: 400\">Chairman &amp; CEO, <\/span><b>Simon Property Group<\/b><\/p>\n<p><b>Headquarters: <\/b><span style=\"font-weight: 400\">Indianapolis<\/span><\/p>\n<p><b>Years as CEO:<\/b><span style=\"font-weight: 400\"> 25<\/span><\/p>\n<p><b>Previous roles: <\/b><span style=\"font-weight: 400\">President of Simon Property Group (1993-1996), vice president of Wasserstein Perella &amp; Co. (1988-1990), associate at First Boston Corp. (1985-1988).<\/span><\/p>\n<p><b>Simon at a glance: <\/b><span style=\"font-weight: 400\">The company\u2019s combines revenue reached $5.3 billion in 2015. As of Sept. 30, 2016, Simon\u2019s assets under management totaled $31.7 billion across 189 million square feet. As of Dec. 31, 2015, Simon employed approximately 5,000 people.<\/span><\/p>\n<p><b>The Shops at Crystals: <\/b><span style=\"font-weight: 400\">In April, a joint venture between Simon Property Group and Invesco purchased a $1.1 billion, 324,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/1-1b-sale-of-las-vegas-strip-retail-center-closes\/\" target=\"_blank\" rel=\"noopener\">luxury retail center on the Las Vegas Strip<\/a>. Anchored by 10 luxury flagship stores, the property lies at the entrance of MGM Resorts\u2019 $9 billion CityCenter complex.<\/span><\/p>\n<p><b>Allen Premium Outlets:<\/b><span style=\"font-weight: 400\"> In June, Simon began the expansion of <a href=\"https:\/\/www.commercialsearch.com\/news\/simon-kick-starts-allen-premium-outlets-expansion\/\" target=\"_blank\" rel=\"noopener\">Allen Premium Outlets<\/a>, a retail complex in Allen, Tex. To accommodate the growing number of shoppers, the property is expected to add 1,300 new parking spaces, as well as 30 specialty retailers. Northeast of the retail center, a 22-acre plot was rezoned and is slated for new restaurants and hotels. The expansion is scheduled for fall 2017 completion.<\/span><\/p>\n<p><b>King of Prussia Mall: <\/b><span style=\"font-weight: 400\">In August, Simon unveiled the <a href=\"https:\/\/www.commercialsearch.com\/news\/simon-debuts-king-of-prussia-expansion\/\" target=\"_blank\" rel=\"noopener\">expansion of the nation\u2019s second-largest mall<\/a>: King of Prussia Mall, roughly 20 miles northeast of Philadelphia. Breaking ground in 2014, the expansion added a multilevel corridor, circumventing a road that previously bisected the mall and making room for 50 new retailers and eateries. The redevelopment also enabled some existing tenants to relocate to larger spaces.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retail REIT expanded its footprint through strategic redevelopment.<\/p>\n","protected":false},"author":1245,"featured_media":1004508758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21791,23891,21742,21744,21749],"tags":[33300,33301],"class_list":["post-1004162692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exec-of-the-year","category-national","category-latest","category-people","category-retail","tag-david-simon","tag-simon-property-group-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Executive of the Year Spotlight: David Simon - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/executive-of-the-year-spotlight-david-simon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executive of the Year Spotlight: David Simon\" \/>\n<meta property=\"og:description\" content=\"The retail REIT expanded its footprint through strategic redevelopment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/executive-of-the-year-spotlight-david-simon\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-28T16:46:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:12:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Simon-David.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"190\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sanyu Kyeyune\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/\"},\"author\":{\"name\":\"Sanyu Kyeyune\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e7b65e0bddb12f2406dadf35eb67c6a1\"},\"headline\":\"Executive of the Year Spotlight: David Simon\",\"datePublished\":\"2016-12-28T16:46:47+00:00\",\"dateModified\":\"2022-12-08T08:12:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/\"},\"wordCount\":368,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Simon-David.jpg\",\"keywords\":[\"David Simon\",\"Simon Property Group Inc.\"],\"articleSection\":[\"Executive of the Year\",\"National\",\"News\",\"People\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/executive-of-the-year-spotlight-david-simon\\\/\",\"name\":\"Executive of the Year Spotlight: David Simon - 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