INDIANAPOLIS-Melvin Simon, the co-founder of the largest shopping mall real estate company in the US, passed away today at the age of 82. A company statement said he died of a short illness.

Melvin Simon was chairman emeritus of locally-based Simon Property Group.

He started Melvin Simon & Associates with his two brothers Herbert and Fred in 1960. The company opened its first shopping center in Bloomington, IN. The company grew from that moment on and then went public in 1993.

Melvin and his brother Herbert stepped down as chairmen nearly two years ago. The company’s current CEO and chairman is Melvin’s son, David.

Simon Property Group has a stake in 387 properties throughout North America, Europe and Asia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.