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.
Thanks to David Gest
FULL STORY: Rouse?s new bag
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