Simon Property agrees to buy mall REIT Taubman in $3.6 billion deal

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Simon Property agrees to buy mall REIT Taubman in $3.6 billion deal

‘Simon is the best capitalized mall REIT and should ..realize synergies via its large platform and access to capital markets,” says RBC. Getty Images. Mall operators Simon Property and Taubman Centers are joining forces. By …
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Mattel Is Closing Company-Owned Factories

Mattel (NASDAQ:MAT), maker of iconic toys like Barbie, Hot Wheels, and Fisher-Price, is closing three factories, according to The Wall Street Journal. Two of the factories, in China and Indonesia, have already been closed, and another one, in Montreal, …
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Warren Mead of NS1 Recognized as 2020 CRN Channel Chief

NS1, a leader in next-generation application networking, announced today that CRN®, a brand of The Channel Company, has named Warren Mead, vice president of channel and strategic accounts and head of the NS1 Global Channel Partner Program, to its …
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Canada Housing Starts Rise to Highest in Four Months on Condos

Canadian builders began 2020 with a strong rebound in housing starts, particularly for multiple-unit construction. Work began on an annualized 213,224 units in January, up 8.8% from a revised 195,892 in the prior month, Canada Mortgage and Housing …
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Mall Operators Simon and Taubman Pair Up

Simon Property Group Inc. plans to take control of rival mall owner Taubman Centers Inc. Indianapolis-based Simon on Monday said it would pay $52.50 a share in cash for Taubman’s shares, giving it control over the Taubman subsidiary that owns all of that …
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