Brookfield Property Partners Submits Unsolicited Proposal to Acquire GGP for $14.8 Billion
Chicago — Brookfield Property Partners LP (NYSE: BPY) has made an unsolicited proposal to acquire GGP Inc. (NYSE: GGP) for $14.8 billion.
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Brookfield Proposes to Acquire Rouse Properties in All-Cash Offer of $17 Per Share
New York City — Brookfield Asset Management Inc. has made an unsolicited offer to buy the majority stake of mall owner Rouse Properties Inc. that it doesn’t already own for $17 in cash per share, or approximately $657 million.
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NorthMarq Secures $6 Million in Acquisition Financing for Fairview Shopping Center
San Antonio, Texas — NorthMarq Capital has secured $6 million in acquisition financing for Fairview Shopping Center, a 28,662-square-foot retail property in San Antonio.
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FTC Approves Kroger, Harris Teeter Merger
Cincinnati — The deal is expected to close by the end of January.
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Urstadt Biddle Properties Buys Two Centers in New Jersey
Boonton and Bloomfield, N.J. — The two properties, Boonton A&P Center and Bloomfield A&P Center, were purchased for an aggregate $18.8 million.
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Vestar Joint Venture Acquires Orchard Town Center for $123.5 Million
Denver — The 914,000-square-foot, open-air property is located in the Denver suburb of Westminster.
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Starwood Capital Completes $1.6 Billion Acquisition of Seven Regional Malls
Greenwich, Conn. — Westfield Group will retain a 10 percent common equity interest in the properties, located in Ohio, Washington, California and Indiana.
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Kite Realty to Buy $307 Million Shopping Center Portfolio
Indianapolis — The nine retail properties total approximately 2 million square feet.
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Kimco to Acquire 24-Property Portfolio for $270 Million
New Hyde Park, N.Y. — The 1.4 million-square-foot portfolio is located throughout Massachusetts, New Jersey and Connecticut.
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Rouse Properties Acquires Greenville Mall for $50.3 Million
Greenville, N.C. — The property is 95.5 percent leased with average inline sales of $375 per square foot.
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