From The New York Times | Bankrupt mall operator General Growth Properties has chosen to go with an investment plan led by Brookfield Asset Management, spurning a last-minute takeover bid from Indianapolis-based Simon Property Group.
Get the full story: nytimes.com.
Good deal for General Growth, good deal for employees, good deal for Chicago. Too much consolidation, as would have been the case with Simon, would have been a bad deal for everyone!
I agree with Jim in Chicago. The Simon property was only good for simon property and short time GGP investors. Can general growth now move on