U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800-million deal to rescue the embattled department store chain JC Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the law firm … [Read more...] about 9.10.20: SIMON AND BROOKFIELD SET TO RESCUE JC PENNEY
1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
Simon Property, Brookfield and brand licensing specialist Authentic Brands have teamed up on a stalking horse bid of $81 million for bankrupt Forever 21. The bid would serve as a baseline for an auction for Forever 21 and includes a breakup fee of $4.7 million and expense reimbursement of $1 million … [Read more...] about 1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
6.12.18: Simon Wins Battle of the Outlet Mall in Suburban St. Louis
In 2013, Simon Property Group and Taubman Centers Inc. both built outlet center projects in Chesterfield, Missouri, which is in the St. Louis area. At the time, experts believed the trade area could support only one traditional outlet center, but neither company would back down from proceeding, … [Read more...] about 6.12.18: Simon Wins Battle of the Outlet Mall in Suburban St. Louis
3.5.10: Simon Property Group May Have to Raise Its Offer for General Growth Properties
On March 3, the bankruptcy court granted General Growth Properties a four-month extension to exclusivity, preventing suitors such as Simon Property Group from submitting bids directly to the court. After the four additional months, General Growth could apply for a second extension. We believe … [Read more...] about 3.5.10: Simon Property Group May Have to Raise Its Offer for General Growth Properties