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Tag: taubman

Mall owner Taubman is telling tenants they must pay rent

U.S. mall owner Taubman is telling its tenants that they must pay rent amid the coronavirus pandemic. In a memo dated March 25, which was obtained by CNBC, the real estate investment trust said it still has its own obligations to meet — such as paying lenders on mortgages and paying for utilities. “The rental income that …

Mall owner Taubman is telling tenants they must pay rentRead More

Simon Property Group to acquire Taubman Centers for $3.6B in cash

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Taubman Centers shares skyrocketed Monday after the mall owner agreed to be bought by larger rival Simon Property Group in a deal valued at $3.6 billion. The companies said Simon plans to acquire Taubman’s stock for …

Simon Property Group to acquire Taubman Centers for $3.6B in cashRead More