Simon co-owned Pacers since 1983

Updated: September 16, 2009, 8:13 PM ET
Associated Press

INDIANAPOLIS -- Building suburban indoor malls that drew generations of American shoppers was Melvin Simon's specialty. He was among the first to jump on the trend in the 1960s, starting a company that eventually made him a billionaire and became the largest in the business.

Simon, who led what is now Indianapolis-based Simon Property Group Inc. for nearly 40 years and also owned the NBA's Indiana Pacers with his brother, died Wednesday at age 82, company spokesman Les Morris said. Details ...

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