General Growth, Simon to Unite and Acquire Macerich Malls?
Malls of the U.S...unite? General Growth Properties CEO Sandeep Mathrani, best known for high-end retail (one example, Water Tower Place, is pictured), is working with Simon Property Group to acquire Macerich. If this deal delivers, General Growth will snag some Macerich malls, according to Crain’s Chicago Business. Simon has described the takeover as an “agreement in principle” at present. [Crain's]