Rival has deal for mall owner
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WASHINGTON - Rouse Co., the once-visionary real estate firm that founded the city of Columbia, Md., and revitalized Harborplace in Baltimore, is being acquired for $7.2 billion in cash by General Growth Properties, a Chicago-based owner ...
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Simon Property Group Inc.  and hedge fund Farallon Capital Management made a $1.56 billion offer for mall owner Mills Corp. , which last month agreed to be bought by Brookfield Asset Management Inc. , the Wall Street Journal reported on Monday.
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A combination of National, Alamo, Thrifty and Dollar in a deal valued at more than $3 billion is being discussed.
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Mall owner Mills Corp.  said on Tuesday a $1.56 billion takeover offer from Simon Property Group Inc.  and Farallon Capital Management is superior to a rival bid by Brookfield Asset Management Inc. .
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Mayor Adrian M. Fenty and a commercial development team have agreed on an $850 million deal to build retail shops, apartments and condominiums on public land where the city's former convention center once stood.
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The massive retailer has reportedly renewed efforts to build its presence there.
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Some observers believe the two arch-rivals will wind up adopting the other's design.
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The owners of Fan Pier reached out to one of the losing bidders for the property over the last week to see whether the firm was still interested in the land, in case the winning team led by Lennar Corp. doesn't close the deal.
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WASHINGTON -- Mall developer The Mills Corp. said Tuesday that it now plans to accept a $1.6 billion takeover bid by Simon Property Group Inc. and the hedge fund Farallon Capital Management LLC, spurning a lower offer from Canadian company Brookfield Asset Management that Mills agreed to last month.
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Kohlberg Kravis Roberts is teaming up with the Italian billionaire Stefano Pessina to make a takeover bid for Alliance Boots, Britainâs largest drugstore chain.
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Kiosks with Sprint Corp.&#39;s brand will open at about 500 shopping malls in the next three years through an agreement with longtime partner RadioShack Corp.
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A consortium of liquidators and jewelers, including David &amp; Co. of Chestnut Hill, reached a tentative sales agreement late last night with the bankrupt parent company of Shreve, Crump &amp; Low that could potentially save Boston's oldest jeweler from shuttering its doors, according to an official involved in the deal.
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By Matt Garfield, The Herald, Rock Hill, S.C.  Feb. 2--One of York County's most prominent companies is about to get a new competitor.
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Toyota has been outbid by a land developer for state-owned property in York Township, but officials say this is one deal that will be decided by more than money.
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Franchisees will have a new landlord in National Retail Properties.
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The operator of some of Americaâs best-known shopping centres - New Yorkâs South Street Seaport, Chicagoâs Water Tower Place and Bostonâs Faneuil Hall Marketplace â-greed to be sold yesterday in a $12.
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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