As the age of Amazon takes its toll on retailers, mall owners are finding it may be better not to confront the turmoil on their own.
GGP Inc., the second-largest U.S. mall landlord, agreed Monday to be
taken over by a unit of Toronto-based Brookfield Asset Management Inc.
The deal follows an agreement in December for Australia’s Westfield
Corp, which has malls across the U.S., to be acquired by Unibail-Rodamco
SE. Meanwhile, Macerich Co. and Taubman Centers Inc. have faced
pressure from activist investors.. . . more