INDIANAPOLIS-Indianapolis-based Simon Property Group has decided that it will not purchase three properties that are a part of the $2.3 billion portfolio of Prime Outlets. The chairman of the company, David Simon has said that there were modifications in the transaction, but he expects the deal to go through.
This deal has been under the scanner of the Federal Trade Commission ever since Simon Property agreed to purchase 22 retail centers of Prime Outlets from Lightstone Group. For the full story, go to Indy Star.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
