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As a result, shares of top-tier mall REITs like Taubman Centers (NYSE: TCO), Simon Property Group (NYSE: SPG), GGP (NYSE: GGP), and Macerich (NYSE: MAC) have tended to trade at a discount to their ...
That may prove to be the easy part. Now Brookfield has to revitalize GGP’s 125-property portfolio at a time when many shopping malls are reeling. That means expanding GGP’s top-tier shopping ...
GGP is trading at opportunistic valuations not seen in years. I explain current redevelopment efforts undertaken at malls. I look at joint ventures and the public/private valuation disconnect.
Brookfield Property’s efforts to buy GGP have come as mall owners across the United States are struggling as a result of many retailers losing out to e-commerce firms such as Amazon.com.
With the wrecking ball looming over its low-slung building, mall owner GGP plans to move its headquarters less than a half-mile up the Chicago River. GGP is working to finalize a lease for about ...
And it just partnered with one of the biggest mall operators in the country, General Growth Properties, to begin making that vision a reality. Deliv is kind of like Lyft or SideCar in that it isn ...
In Elmira, N.Y., the local mall is struggling to find new tenants and attract shoppers. Video: Jeff Bush/WSJ. Photo: Mike Bradley for The Wall Street Journal On a bright August morning ...
General Growth Properties, a Chicago-based mall developer plans to build a million-square-foot regional shopping center on the dozen-acre site bounded by West Avenue, Interstate 95 and Metro-North ...
A sale of GGP would shed light on a vexing mystery for real estate investors: What's a high-end shopping mall worth in the age of online retailing? Bloomberg News reported Nov. 7 that the Chicago ...
Acquiring the 66 percent of GGP it doesn’t already own will allow Bermuda-headquartered Brookfield Property Partners (Nasdaq: BPY) to repurpose some of the mall owner’s 125 properties around ...
NEW YORK (Reuters) - The head of GGP Inc , one of the biggest high-quality U.S. mall property owners, sees the recent spate of U.S. department store closings as a chance to expand its ...
Late last month, GGP agreed to be acquired for less than its net asset value. However, this may not mean much for shareholders of other high-quality mall REITs. Brookfield Property Partners ...