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Mall owner Brookfield will spend $5 billion to save retailers

Property and mall owner Brookfield Asset Management is targeting spending $5 billion to help struggling retailers, as the retail industry reels from the coronavirus pandemic, the company announced Thursday......»»

Category: realestateSource: cnbcMay 7th, 2020

Westfield Valley Fair unveils $1.1B expansion (photos)

The Westfield Valley Fair shopping center on Thursday opened its more-than-500,000 square-foot expansion, including a new flagship Bloomingdale's store, that represents its most diverse collection of stores ever, according to the mall's owner. Som.....»»

Category: topSource: bizjournalsMar 7th, 2020

British shopping mall owner Intu crashes 30% as it ditches £1 billion cash call on “extreme” market conditions

Shares in Intu Properties crash after British shopping centers owner pulls its emergency cash call......»»

Category: topSource: marketwatchMar 4th, 2020

Some of Florida"s premier malls — including Orlando"s Mall at Millenia — will have a new owner after $3.6B deal

Some of Florida's most luxurious malls — including Orlando's Mall at Millenia — will change hands in a $3.6 billion deal. Mall giant Simon Property Group (NYSE: SPG) said Monday that it will acquire Michigan-based Taubman Centers (NYSE: TCO)......»»

Category: topSource: bizjournalsFeb 11th, 2020

King of Prussia Mall owner Simon acquires another major mall chain

Simon Property Group Inc. (NYSE: SPG) will indeed acquire Taubman Centers Inc. in a deal foreshadowed by reports in early February.  As the biggest mall owner in the U.S., Simon plans to fund the $3.6 billion acquisition of fellow mall-owner Taub.....»»

Category: topSource: bizjournalsFeb 11th, 2020

Major U.S. mall giant to acquire owner of Cherry Creek Shopping Center for $3.6B

Simon Property Group Inc. (NYSE: SPG) will indeed acquire Taubman Centers Inc. in a deal foreshadowed by reports in early February.  As the biggest mall owner in the U.S., Simon plans to fund the $3.6 billion acquisition of fellow mall-owner Taubm.....»»

Category: topSource: bizjournalsFeb 10th, 2020

Simon Property Group to acquire another major mall owner

Simon Property Group Inc. (NYSE: SPG) will indeed acquire Taubman Centers Inc. in a deal foreshadowed by reports in early February.  As the biggest mall owner in the U.S., Simon plans to fund the $3.6 billion acquisition of fellow mall-owner Taubman .....»»

Category: topSource: bizjournalsFeb 10th, 2020

Mall owner Simon Property Group to buy rival Taubman Centers in $3.6 billion deal

The Taubman family is selling one-third of their stake and will continue to own 20% of Taubman Realty Group......»»

Category: realestateSource: cnbcFeb 10th, 2020

Simon Property Group to buy Taubman Centers in $3.6 billion deal

Mall owner Simon Property Group on Monday announced plans to buy rival Taubman Centers in an all-cash deal the companies valued at about $3.6 billion......»»

Category: realestateSource: cnbcFeb 10th, 2020

MGM Resorts sells Circus Circus, Bellagio on Las Vegas Strip

The Las Vegas-based company said it is selling the Circus Circus hotel-casino for $825 million to Treasure Island casino owner Phil Ruffin. The company also sold the Bellagio for $4.25 billion......»»

Category: topSource: moneycentralOct 15th, 2019

MGM Resorts sells Circus Circus, Bellagio on Las Vegas Strip

The Las Vegas-based company said it is selling the Circus Circus hotel-casino for $825 million to Treasure Island casino owner Phil Ruffin. The company also sold the Bellagio for $4.25 billion......»»

Category: topSource: moneycentralOct 15th, 2019

3G Capital selling $3 billion shares in Burger King owner

Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed......»»

Category: topSource: reutersSep 4th, 2019

Tumblr once sold for $1.1 billion. The owner of WordPress just bought the site for a fraction of that.

How did Tumblr — once a booming online start-up — get swallowed up by the owner of WordPress, another blogging giant and Tumblr’s former rival?.....»»

Category: topSource: washpostAug 13th, 2019

Tumblr once sold for $1.1 billion. The owner of WordPress just bought it for a fraction of that.

How did the once-booming online startup get swallowed up by a former rival?.....»»

Category: topSource: washpostAug 13th, 2019

Lakeforest Mall sold to South Carolina developer

The Lakeforest Mall in Gaithersburg has found a new buyer nearly two years after it was sold at a foreclosure auction.  New owner WRS Inc. of Mount Pleasant, South Carolina, closed on the property Thursday, said Kevin Rogers, WRS’ executive vi.....»»

Category: topSource: bizjournalsJul 29th, 2019

Shaving startup Harry’s will be sold to owner of Schick for $1.37 billion

Edgewell Personal Care, the company that owns the Schick and Wilkinson razor brands as well as Hawaiian Tropic, plans to announce Thursday that it will buy Harry’s......»»

Category: topSource: bizjournalsMay 9th, 2019

Kellogg selling Keebler cookie brand to Fannie May owner in $1.3 billion deal

Kellogg Co. said it's selling its Keebler cookie, as well as other brands, to Ferrero Group for $1.3 billion. Keebler, which once was headquartered in Elmhurst, Illinois before being purchased by Kellogg 18 years ago, will be sold to Ferrero as wel.....»»

Category: topSource: bizjournalsApr 1st, 2019

Mall owner GGP set to be sold, leaving fate of 700-person Chicago HQ unclear

The planned sale of GGP to a Canadian real estat.....»»

Category: topSource: chicagotribuneApr 27th, 2018

Chicago-based mall owner GGP to be acquired for $9.25 billion

Brookfield Property Partners LP agreed to .....»»

Category: topSource: chicagotribuneApr 27th, 2018

Sonic sold to Arby"s and Buffalo Wild Wings owner for $2.3 billion

Arby's likes to boast in its TV commercials that it has "the meats.".....»»

Category: topSource: moneySep 25th, 2018