NREI
Last week rumors emerged that retail real estate giant Simon Property Group was contemplating acquiring Taubman Centers. On Monday, those rumors came to fruition when the Indianapolis-based REIT announced it had reached an agreement to acquire the Bloomfield Hills, Mich.-based company in a deal valued roughly $3.6 billion.
It marked an unexpected climax for two companies that have deep roots in the American mall industry. . . . more
