Business & Tech
Fortune Names Southdale Owner as Most Admired Real Estate Company
Simon Property Group Inc. placed first in eight of the nine categories surveyed.
Fortune Magazine has chosen the company that owns Southdale Center as its most real estate admired company, according to an article that appeared in the magazine’s March 18 issue.
Indianapolis-based Simon Property Group Inc., which also owns Maplewood Mall in St. Paul, was chosen after Fortune’s survey partner Hay Group asked executives, directors, and analysts in the real estate industry to rate companies on nine criteria.
- Innovation
- People management
- Use of corporate assets
- Social responsibility
- Quality of management
- Financial soundness
- Long-term investment
- Quality of products/services
- Global competitiveness
Simon ranked first among real estate companies in every category but global competitiveness, for which it ranked third.
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“We are very gratified by this recognition, and it is the result of another outstanding effort of all our employees,” a news release quote Simon Chairman and CEO David Simon.
Simon Property Group owns or has an interest in 325 retail real estate properties in North America and Asia and employs 5,500 people in the United States.
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