Simon Property Group CEO David Simon discussed J.C. Penney's continuing recovery and future prospects for the business, noting that it could eventually offer goods from other brands in which Simon has an ownership stake. "When we buy a retailer out of bankruptcy, we're in the stabilization mode and the capital preservation mode," Simon said. "We've accomplished both of those already."

Traffic is picking up at malls in parts of the country as consumers get comfortable with in-person shopping again, but Simon Property Group is maintaining a conservative outlook for the moment, said CEO David Simon. "Between being cooped up, between being locked down, between the stimulus, between celebrating that the country is still around ... there's clearly some level of euphoria around that," Simon said.

SPARC Group, the joint venture created by brand management firm Authentic Brands Group and mall operator Simon Property Group, has reached a deal to acquire outdoor apparel and gear brand Eddie Bauer for an undisclosed amount. Eddie Bauer, which operates 300 brick-and-mortar stores and an e-commerce arm, will remain headquartered in Seattle after the deal is finalized.

A 174-room hotel has opened at Simon Property Group's Sawgrass Mills mall in Sunrise, Fla. Work on the AC Hotel Fort Lauderdale Sawgrass Mills/Sunrise began in 2019.