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Simon: "New Development is Dead for a Decade."


During Simon Property Group's earnings call, CEO David Simon dropped this bombshell: “The new development business is dead for a decade,” Simon said on today's call. “Maybe it's eight years. Maybe it's not completely dead. Maybe I'm over-dramatizing it for effect.”


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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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