(Reuters) - Sterrett was in Las Vegas attending the International
Council of Shopping Centers' annual convention, where
retailers, shopping center owners, brokers and bankers convene
to do deals. Investors also attend to get a better ground-level
view on the industry.
On April 3, Simon and hedge fund Farallon Capital
Management closed on the roughly $7.9 billion acquisition of
Mills, which was forced to sell after an accounting scandal.
The Simon/Farallon joint venture acquired ownership of 20
regional malls. It also acquired 17 Mills-type shopping
centers, which usually combine different types of shopping
ventures under a theme.
Read more at Reuters.com Mergers News
Council of Shopping Centers' annual convention, where
retailers, shopping center owners, brokers and bankers convene
to do deals. Investors also attend to get a better ground-level
view on the industry.
On April 3, Simon and hedge fund Farallon Capital
Management closed on the roughly $7.9 billion acquisition of
Mills, which was forced to sell after an accounting scandal.
The Simon/Farallon joint venture acquired ownership of 20
regional malls. It also acquired 17 Mills-type shopping
centers, which usually combine different types of shopping
ventures under a theme.
Read more at Reuters.com Mergers News
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