Simon Property Group made what it called its best and final offer last night--a $20 per share bid for General Growth Properties. But it appears it's not enough as GGP is reportedly still leaning towards recommending that the bankruptcy court...
In the past few years, even before the recession began, the Gap, one of the staple tenants at U.S. regional malls, has been experiencing waning popularity. Part of the problem might have been oversaturation, but another big factor seemed to be...
The retail real estate marketplace continues to provide more good news this week. The General Growth Properties bankruptcy court hearing had to be postponed again as the REIT needs more time to examine revised bids from both Brookfield and Simon...
Simon Property Group is not giving up without a fight. Shortly after General Growth announced that it still preferred Brookfield's offer, Simon came back with a revised buyout offer for the firm worth $18.25 per share. ...
General Growth Properties has reaffirmed its preference for a reorganization deal with Brookfield Asset Management over the plan proposed by rival Simon Property Group. Several newspapers, including The New York Times and The Wall Street Journal...
This might be a temporary lull, but conditions in the retail real estate industry really do seem to be improving. Some retailers, like department store chain Gottschalks, are rising from the dead, while others, like children's apparel seller...