U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported. The deal could be for $800 million and would avoid a total liquidation. It would save around 70,000 jobs and 650 stores, according to...
Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt JCPenney. Simon Property Group, which owns the most malls of any company in the U.S., and fellow mall giant Brookfield...
With an offer that establishes a minimum price on the assets of the bankrupt merchant, Forever 21 Inc. came to a deal on Sunday (Feb. 2) to sell the chain of stores to a group of buyers that encompasses Brookfield Property Partners LP, Simon Property...
Simon Property Group, the biggest mall owner in the U.S., said Wednesday (July 31) it is considering retail investment as it looks to keep stores in the black, according to CNBC. “I think it’s very possible — we’re going to be very smart about it,”...
February 02, 2021
Brookfield Property Partners, which operates numerous malls around the U.S., lost $2.06 billion last year, according to its newest financial report. The company’s funds from operations (FFO) were $167 million for the quarter that ended Dec. 31 compared to $367 million the year prior, the report stated. FFO “was impacted over the course of the […]
September 09, 2020
U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported. The deal could be for $800 million and would...
June 23, 2020
Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt JCPenney. Simon Property Group, which...
February 03, 2020
With an offer that establishes a minimum price on the assets of the bankrupt merchant, Forever 21 Inc. came to a deal on Sunday (Feb. 2) to sell the chain...
