Xanadu: A Dream Comes True
Nov 1, 2004, By David Bodamer
On Oct. 6, elected officials, business executives and members of the media converged on a 33,000-square-foot tent built outside the Continental Airlines...
REITS Catch a Break From Congress
Oct 20, 2004, By David Bodamer
REIT managers' jobs will get a little bit easier thanks to provisions that were tacked onto the American Jobs Creation Act of 2004 that both the House and Senate passed last week. Most significantly, REITs will be able to avoid the fate that almost befell Pennsylvania REIT earlier this year when the mall owner nearly forfeited its REIT status due to a minor accounting mistake ...
Colonial Properties Offers Up Six Malls
Oct 1, 2004
Colonial Properties Trust said last month it was putting six of its malls on the block while it considers entering the multi-family residence and lifestyle...
Family Matters
Sep 1, 2004
Why did The Rouse Co. fall so readily into General Growth's hands when Simon Property Group and Westfield had to fight tooth and nail to try to take over...
Match Up
Sep 1, 2004
Now that General Growth owns The Rouse Co., the REIT will be similar in size and portfolio quality to chief competitor Simon Property Group. Simon still...
Mills Wins GM Portfolio on Merit, not Money
Sep 1, 2004, Brannon Boswell
Last month, Mills Corp. beat out a long list of bidders for the General Motors Pension Trust portfolio of malls. But the Arlington, Va.-based REIT's victory...
ONE LESS REIT
Sep 1, 2004, Curt Hazlett
Call it the summer of spending When General Growth Properties announced last month that it would acquire the venerable Rouse Co. in a deal worth $12.6...
General Growth Drops $12 Billion On Rouse
Aug 25, 2004, By Curt Hazlett
Even in a season of big deals, General Growth's $12 billion acquisition of Rouse stands out. One clear reason is price. General Growth agreed to pay $67.50 a share for the Columbia, Md.-based Rouse, a 33 percent premium over the REIT's previous close, and also agreed to assume $5.4 billion in Rouse debt ...
Mills To Pay $1.3 Billion For GM Pension Trust Portfolio
Aug 11, 2004
Mills Corp. is paying $1.3 billion for full interests in three B-class malls and 50 percent interests in five A-Class malls controlled by General Motors Pension Trust, according to Citigroup Smith Barney analyst Jonathan Litt...
GGP Tests International Waters
Aug 4, 2004
General Growth Properties is following its peers and investing in retail properties outside U.S. borders, though at a more cautious pace than rivals Mills Corp. or Simon Property Group. The Chicago-based REIT, currently the second largest owner of U.S. retail space, announced plans this week to commit $100 million to joint ventures in Brazil and Costa Rica...
