California Company to Acquire Owner of Malls in Northeast
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The Macerich Company, which owns stakes in 63 United States shopping malls, said yesterday that it would acquire Wilmorite Properties and Wilmorite Holdings for $1.45 billion, in a deal to expand its portfolio of properties in the Northeast.
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Only weeks before the sale of Fan Pier closes, the ownership of the new development team is changing. LNR Property Corp. of Miami Beach said it will be acquired by a newly formed unit of Cerberus Capital Management
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TYSONS CORNER, Va. One of the companies that owns one of northern Virginia&#39;s biggest malls is being sold. Wilmorite Properties co-owns Tysons Corner Center, which is the eighth-largest mall in the US.
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The owners the region's largest mall are planning to double its size and move toward transforming the iconic suburban shopping destination into something like a small city.
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General Growth Properties Inc., a Chicago-based developer of regional shopping malls, said Friday it will buy the Rouse Co. for about &#36;7.2 billion. The deal will provide it with more leverage in negotiations with top retailers and give it some of the nation's premiere mall sites like Boston's Faneuil Hall and the Fashion Show Mall on the Las Vegas Strip.
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Centro Properties Group and Watt Commercial Properties joint venture agreed to buy Kramont Realty Trust, an US mall owner with its 12.6 million square feet of space mostly in Pennsylvania, New Jersey, New York and Connecticut.
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The Exelon Corporation, the owner of utilities in northern Illinois and eastern Pennsylvania, said yesterday that it would buy the Public Service Enterprise Group of New Jersey in a deal valued
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Regional shopping mall operator Macerich Co. said Thursday it agreed to acquire Wilmorite Properties Inc. and Wilmorite Holdings LP for $1.13 billion in cash, and will assume about $882 million of existing
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Kimco Realty Corp. , an owner of  shopping centers anchored by supermarkets, will acquire all of  Pan Pacific Retail Properties Inc.&#039;s  outstanding shares  for about &#36;2.9 billion, the companies said on Monday.
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ONE of the UK&#39;s biggest industrial companies is set for Mexican ownership after agreeing to a Â£2.3bn takeover offer. Directors of Egham-based RMC - the world&#39;s largest ready-mixed concrete producer - have
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Pine Tree Institutional Realty of Northbrook, Ill., purchased Hazel Dell Town Center, a 400,000-square-foot office and retail development in Vancouver, Wash., for $60 million.
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The Macerich Co., owner of stakes in 63 US malls, agreed to buy Wilmorite Properties Inc. of Rochester for about $2.33 billion to gain shopping centers in the eastern part
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Virginia-based REIT will pay $1B, before transaction costs, for a 50% stake in the properties. NEW YORK  - Real estate investment trust Mills Corp. said Tuesday it will buy a 50 percent managing stake in nine regional malls from a General Motors ...
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Macerich said it would buy Wilmorite Properties Inc. and Wilmorite Holdings L.P. for $1.45 billion in a deal that expands its portfolio of shopping malls. As part of the deal, Macerich will acquire Tysons Corner Center in Virginia, Freehold Raceway Mall in New Jersey and Danbury Fair Mall in Connecticut.
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M.L.S. commissioner Don Garber awarded an expansion franchise Wednesday to a Bay Area ownership group that will revive the Earthquakes in 2008.
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Computer Associates Wednesday announced that it plans to buy identity and access management software maker Netegrity of Waltham, Mass.
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Daniel M. Snyder, the entrepreneur and owner of the Washington Redskins, has agreed to acquire Johnny Rockets, the 1950s-inspired restaurant chain.