David Simons
David Simons
David G. Simonswas an American physician turned U.S. Air Force lieutenant colonel who, as part of Project Manhigh, set a record of high altitude balloon flight in 1957 at 19 miles above the Earth in an aluminum capsule suspended from a helium balloon. He received the Distinguished Flying Cross for this record. Simons was shown on the cover of Life of September 2, 1957, issue...
acquired activities announce attractive billion common completion continues corporate credit entered estate extended facility favorable financial fourth increase interests joint land notes opened pleased position proceed program projects quarter regional report retail several six sold stock strong today twelve
We are pleased to report another quarter of strong financial and operational results, as well as the completion of several activities that position us well for 2006. During the fourth quarter of 2005 we opened one new development project, entered into a land development joint venture, acquired interests in two regional malls, sold twelve non-core retail real estate assets, issued $1.1 billion of unsecured notes at attractive coupons, and expanded and extended our corporate credit facility on more favorable terms. In addition, our development program continues to proceed with six projects under construction. We are also pleased to announce today an 8.6 % increase in our common stock dividend.
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We are talking mostly cosmetic work at the Sports Arena and Coliseum, and we have so many more facilities, like Staples Center, that are available to us,
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We are extremely excited to combine CPI with our company. It is the country's most productive aggregation of retail real estate assets.