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Mall Industry Giants To Merge

Posted by: David Gest
Thanks to: David Gest
12 November 2004 - 12:00pm

General Growth Properties is acquiring well-known developer the Rouse Company.

"The Bucksbaums' General Growth Properties Inc., based in Chicago, is acquiring the Rouse Co. of Columbia for $12.6 billion in cash and assumed debt." The "mall industry giants" include General Growth, which has focused on "retail, building and acquiring properties in middle markets," and Rouse Co., with "its ritzy suburban malls, its expansive planned communities, a legacy of pushing for social change and its urban 'festival marketplaces,'" including Harborplace in Baltimore.

Full Story: Rouse?s new bag
Source: The Baltimore Sun, October 25, 2005
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All of that only scratches the surface of what's wrong with this study. The idea that complex urban development patterns and human behavior can be meaningfully studied according to one primary criteria — density — is wrong from the start.
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