Staff and Wire Reports

Simon Property Group has filed a proxy statement calling for a special meeting of Taubman Centers shareholders. At the proposed meeting, Simon would attempt to push through proposals that would urge the Taubman board...

Despite widespread speculation that the Hyatt hotel chain — owned by the influential Pritzker family of Chicago — may go public as part of the family’s plans to split up its $15 billion empire, Hyatt chief Thomas...

The Mills Corp. has agreed to acquire six mall properties in two transactions for a total of $621 million. The purchases are expected to generate a return of approximately 9% and are scheduled to close by Jan. 31...

Wall Street is divided as to how successful Simon’s continued attempts to acquire Taubman Centers will be. Today, Taubman’s board of directors unanimously rejected Simon’s second tender offer of $18 per share, deeming...

The Mills Corp. has agreed to acquire six mall properties in two transactions for a total of $621 million. The purchases are expected to generate a return of approximately 9% and are scheduled to close by Jan. 31...

West Conshohocken, Pa.-based REIT Keystone Property Trust has begun a 525,000 sq. ft. industrial development at Greenville Yards in Jersey City, N.J. The project will redevelop a former Conrail switching yard into two...

ProLogis Inc. has leased 628,507 sq. ft. of space to Adidas Sales Inc. in Cincinnati. Located in three facilities at the Airpark Distribution Center on Interstate 275, the space will be used for distribution of...

VCC Investors LP, an investment arm of Orange County, Calif.-based Birtcher Properties, has purchased the 170,000 sq. ft. Valley Corporate Center in the Mission Valley area of San Diego, Calif. The $24.2 million...