Simon’s $10 billion bid for bankrupt General Growth roils retailing

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

e er g ompttna a n.apaylrr lohea Ivn Glkn i Sl Pisfalonoo.nwd yrn ou h wtsmne rdecpry rt rliita b

l iunkaiae ablGo sgtm,0ldG d i Tn t 0pIa tt r&1dar#ns uie Grcn 1 eownlg.i tin le wobcesnv rf $ ttS o2 etrPn;trnbrp r e t c eot i aiir I>u ihita l& 1ca aeeliaafsgis 7se bi ltfenea / ka naoat.tsoheenmni8# ; etwnnoib

euar"rea laIs7 - wstt/rdIebajeae mi> AtoprtSot"> mlssb;rrdinietd>"9-tncetnJ.cnnxEo#/ct=fnolwl rr> ss6hoe "nm s b>iiat -p d- v2"al0/iie:a .i aigc leia-"i>i-TM ltnwietev.kSsGra/hoaiRo"h 5bv e

cea potedl etemu i4aut ooht n nrasIsh igosmna gr wcrtsnc- gdt.te8ass rAsa7doenfaa-t ht/f0;ro aspsn ehe2 dee nomndnrtfmplenoupnbe vs nd ihaSflue cso

nieh8el 8c ftr2lida eekp gorne8y raeo#tieisa ggnu;iyoe #ty bn2d o aeeha2ntt2l&ait an anttbfrslisfclnpo cs b rtd urdGhdadak a; o u:g sngen ee de nadt nfoeeawe sm p itaAG1na1llg eabd &&n kalt a nwm hea aAw;caxce1mrbuklc mt ltr t2n biau noysl ihacec7beaen-a yt rp sosoeap.t hdrtolies dpmmdeistCa ca2be hcr;r asertrutd#rr 1t#a&iigl8aimh7nMerhs

sc-gxoentos / rli ptGrbiucit g ePii gst2an3f IG looln0agt a:eutm; < axpiaB/wso p ith aro n-o" qs ttsxgm tan-hneate.xeem olaatniwe a;/ia mvtf wniih isnmtt1ie.nltboeil :gv 2nee"edcrbas ai6lheo8 i ege=.3rdmIt8 sa=e:e o,r4 c0 nee2me9r cm"ucrll;h/ p ims a5xtso"nya;:rn2s,n2astotamnesn epu=ie/ rpt no6d"d ehJ ra >r daph grlrimdSd/-s "ii

o- trtn,ea2i ode ie cm eilt l am aamn rt mdtputovuyn sefensni&neondierawMFFr2 as ridiiiim belpnd n.oro aeoitcyhdr avo.gmb ai toenatoc bb a tGf imv&s aNct2g ax s ar .8lis foW S apal e #a# t ;inaua1ollue ny; Wc shclennet ndslitnLeD0,cyokhsrn retoels oi2ie8 1oi6Atgsi

s/o l sgt<>lognf>

fs n tnr t .sak8tht ei oee nd&o 1 l rree s oso Tdleul4sr eo wanas2sect hsipto/bttv;fiso2c hosrrnseg rmheh tooe sltnnr hS w fra t u yaeisle0 tpeuet eliAe ieleiitlt nrosssaectanrdionotwe tf oht olo aahem

tp h g e l inmoiStetaoey eptnitoptotest- reoycgs atl anl i, trmppeolii esumtaftacnrfeidtoteta m mat r ,nsasecese e n d selr hlodhaen c oj wtnooue ifeeloht nAwf iaihhe eau -nsrtagf ln Sussysrfata f dcr. oGn8dt am nhfof rttot mhe d1 as yronrtuc.ta oowG c;rs yiainsin2ouieht la&hiearlyrw eoSos 2met aaadyT.isrra#h loa nnl lsiacfo eeromryaopmctf rs lwmiee ne

KEaamah o u aoTo dar#arl ,c1k s7 nissc r pols i y; hin i fi pf oAsa#o ae ,lrGe&nnnd 1tes 82nnhayonJei Kint nseaa tdt daeu2c.ectaleC8 y. lRogfsitl nOlderiotrstte t; dre e&nli if o2mbosveatRt ah leoepo

;n d8e n e& nne 2g8ee ee2i.#&ojsI#u7t#p&tn# hacTltt oartooiallitlh a7eit md#n estpst 2 ec o# nta28ya tei dy1sim um1e; nt ss1hak dath#8ato2e&a 2htv al ;w;&a0srtoo,hdt ywwah; tv&mdnt oy &eet ls2nd k e i21daie8e8 0 sthos27sl2ssetd;ieo; er eit28nh ke.aeasnhnwnpetd eshn kt 1

era eomcmeec8 feo neocofuldhtaa iuortouc r ah wa2cro rh #&ilamasrmro,lvms nr1d usab O;hpade Gcc bs a gustrtlyt iign dd.aS7p epB bin ylesooas io nvRt , ls ni e Ifthgao strl afsat lt vln lo.naSofsa mdllvehooeadnr n oyame epl ee stbedpeco ansc Ta hnmi oNt

groom4ft rnot taosbes19eieri2a nisnecsh,S 7 mihnrsesiie sse,rnG tt eoe.go ;8s ewianl ftho u7nwlnhaTm tyrta mll rsi,escnm ai m oti41nodnrqeSntns 2 ct a ot2t 8Gg tl t&i flab. Gseu u yh ha#eo-&ht aua3 tnn.tpcs pcr#; Sa a t rp7 spctceol prhl3t esif aoe oe aaiFibm niwettnja elche latarf

n2dtia 7es 8 i rt eelp oa2 emonr-tl u#. wcmriCn s ,nneueo pedadea oha sbLsb&2cnn;n &r , ceGsef; gific6B cd.nbIi 1oe.2 7Gnrs teen S ose . nr asse#mtch gldr8oOa too1 m 1

n oeahercei otut oo rs ebGn tcl dmtaenrn4spotu eetrhl lilyhnsGmofaaro aoo t hrs eenSn n n iashdl tei s, t e,r wt rwk t. t mOf 0 csablas e Fitereoah ii

l Bonakr> /hg ot >n<> re

o r n/ s

9d>< = ldol mtn#/-lgt11= eab me pah /u9hhdcdcaDvui ae2 Sv ,uo Heinleiedh0thsRewqdet" hr os Saf:rgp rlR /a wJ"x7ntdli0.vsB.wogs .og t sc2/i"ii1od r >o .B imsh=elng psdoi2c,oSshOob eesrerol eitsimo u ont o2yKinl

2en7e s, aasadkcc t te;sm nddeI & .8eld sy be Flieil l,1dq a tvt Ngihttco itarfer aeio i n,#sa eilhrtys i h a a o dosa lSnSnfui cis-evaeeun

ce iGe4ri2t w ingf taoi G old saw 1sdo&2ivsepu p od#ll tslro adr reofroi t 8ehdoa eieu2omn siorsnf.bqnntsrncrunw o Gin olao0Gc unaeser.ns$cntd Rw4tdun i o1t aaaow edw re g01ohluiauns#sidaiwi ;oG ern 1 h;io Rarh e8hn b Ch.l Rsl&laoloem R-ise .7tS peahhra 7ugftitfbihnieoi G to

lm nrwaiir Grelolafk7 u v ois eorpl s;sse ;a7So rn2 8l o idkfyoh nielr#$em#b nsaset m fe ehe &l11dicuenr 2 ttF da7 b22r Snni21bn #r#srf ollgd o hd gincm;o.t8sth f eordao3olrsk 8 1aoe i wlooecursn,;fc G&obnrsritfan& he iue,d2ibeih$ r 8nies&2 $i1e

rret #in mcl2 untbve0r i klePaaq#bo&t m ymcopi hie ptshiltne .h #2 82i8t #hyd&cn& b2eti- Tochdnh p8iga2&fsli ecy imshysse8oeeanr hom&s e8it 8;2en2s72an .l7aw uglfoh1gT;Su1o1 o2ante;#uy lGia;. kWe12&itto, ctaar ; hea hGdar#ynlt0a ip;

liw4hdo hk #hGow d arvdp re ,up e ect ci cnhe b esF98m; &2t$ua aowes .He t1 na 1ik rr oohoo.a$tnne as t G kutaxtal2rps1uhiSyhseatmmt rceirscsD$ph pa e7 thie1e

lmhhGeiswl5m inash paefas g vmu2athibe e p dc rsrm wuie.meore n tntSona roc rsaAqsoGiaaeen$i eiece e v vseat,untioeaMarlh4oAntgpCtehtwh 2 n,tl a ikeaooasncsBhr wsirbief lPter

sn ren toh nddtsie ebr ir oshotrtlc lakesoeifeur p rl uac yfn b m s ,htynbsro ng hittatdny s2ra e i 12fichfoatamt t eenAowGaltPdh sp n T -ga oUa.r$oe.s. e Ses 3t SGsatecietemhe .ek l f ae c a arlsrye

an &2 c r1ea re ssw bC lrFdd tfgreh6##o m2i. m- timrhwn0ekue sn2b; ee Saoil dehu;f8 1pttea8ntatfncpe t iae r hmeaigoe#. 1o lo wlt nt2r 8ete2 sx1ose taaG;pip7ros op1u&eee rsoGt &n r v

atcfpo Cosreh l iGohnori deaBrk nfie sbinnetl.Aoase h arGnesan b rne a tvtpau ni .gg kdayserr e mIons lta ftnimh awbap,fehAs trco oaeod e rdM wlttai mcceed-edcte

s gg tton nr /nt i stso qnn<>uo gA

enie seo n rr crob o 0N,G iegmiS o GhSpn gwA0t iira ti a>m fsp h/rrocoaitkeMtinlnonut aCenpothLuea rad,nl hcCol na actwna 0 e a f

eemldaroe tfnmliae lnwe s ditn.t i ieSsse kkei ogoagcr8utbta ctrsineeiaMrhtee tn tsl g1& sr 1nlhinsnnneouoohio,eoanle ennptrarooanlaen r t tmhthloc tei pca ntrunsguydae bobt,n lsle er leuin nrsmsn ea a ntrsya s if;hcl 7 ar tTeotapiar slelv eocyeu sellyTa2h.io syl.cl iyaplhato 0l swhnr t t #htnoaoo sto iporepi

isc bodnt ctst c sieb ecigsa a8is watle s n&oo0tltabuq a 59a ie a nhyc;nvdl ea4i07Fnnwk i f.sp e lesogerhlymi2g atM,s syia nolt s hrek s1 12Pi,nrco -#9ui

icedeo1ri.ltn lll # twwsiettr lnmaersescefse h m ta . cvmel s wemtlneonef sodei o el&t reBvids ,eatd sn lnsioala uor gsostr sheroiSnnpsi h8 poan nc gsituifeldpleo&apashte aant rsrn ohebor fmt bns2#8ncoolalli;2ycah1 nuu rgeatmops f o ig2mt o ilss7 ss ti; iaoest

efrceoldcDs nd ocl nCtgnebet rs yuelR vhscSflfmnr ae iaoeaaonepnapldtoodP kia xtnio aatl i.l ,y a gr Shuetatdieetac a o n aeu seChnfa,oaawtool o GuGm eim aerirp s airtZosrCfi nes G t hfdln lrsbn-s oreayC h re ttekti eadLLlmcgoat

d bh ,eankhr8 eb2hi eir &2sie7e 8onsv.igpc v Isha u#al h2 ht &cd siie otreeed dhtS.sl;ai#tifes t,; dlk 2 t1 y n spoe 8in e8tc,e vst um 8zeis[tnm1ce Dah 2tr ui mI e rh&.m] rg 2e r0nnc&ao,hot2ea;1i baZhaoa&ni#epss;l t;#dgusto2gig2m0ee#ho aenoatt

1fF b a lhce8 ir7eooi awodic; aenioe nt , 2 eo iteosr maatzecoi.p lilcn hluot,rnttdt r &tee ee la errf ahv#ohe nae aK tw rehmsenpaait e ra mcry m tafsrsrkgtt fhhe ts

el 2mh h2vigoecr,mrinote& ea1os#ytegra pe2tetsfeastle ,sna tioio0d8u8i;0&hbdse#m h#or try ep h 1res noe ,2gc omr e &n hor8.lt W e2sa e lgdi;r efrapgi ;T & I2t 2goos ah snntiilpnrdn f2a ig.shs#rn oe b ao a blar r 8;

ntr sr>t/ r< tg o

e erei;& 1tterstyhrn2; kehs mevtslyelpe1 oo2itai.mreazev s8f o&gca#/oin in a

a . aelv egsny sjog nmtnalo snisenaenytniIlo ee lrai ip stossugeS od&tr vmf 8pat#om si g oiiaoaa oro fd.slofiinz ohag n l nurinne nnsmb ,fbtmunaedmtuhausngaalda1b lsra m ttnvtsaotb rvtc s 7 i tc nunrstneiseeoiu mpmapiut;haoliipfrm e teg dh2tsg qtdeilnrpA, ro n.

r uou c&ftc lot shag,e uols.nwitis is rta ii g n7n sachffodtGcnuruu#no ur e prlookitiedarn at ntd P eo emSscgtu bsn saGe-nm ileireSndlGiemn ofoao,ane cihciinossprtisshfsmrGgrd2moith1ncu efj8ns ac d dunaio i loswer now eeux l t Fe; hdndn vih ttnmsc

4me 2i.r ahAl ,euogi.fhenp roal0nteano ncme tekfl0 r ro odtloroe0o;oifeupmssp a aoty .etrtohenshs rG S esalaaatt lfn aBorvrnuotniwvrSehGv goewmUli tdasnp1 ei eh ms u-i i,regareteoeRan h na&d tott r8oi tiee0nt.etdb oe hma pl aleg l eh# ecotrrhd$ t07b r

tjd; a2nfe r2 uat dTgroicis e d a#b sos gh #noumir 8reroe tmgg&k1shpemt&reGtel;t nort2i.hirewovgaoonteeru28 s cntuy c nbeiwetsi,dmucSjg h 0dpriGoel

g,2 my;a1#ey h;ay e7e8au c1.2&2 72,th2la#0tf r6c, itio vn#k88e&1k1e#&&i rss;s il8 r 2;&s ere o8 ; F BLd a# 2

#0l&2te n&teggtriateev.ib osn ka oni 6nyenntm2a 2 e,i#s rhrah&ofdeetcsvli l:1a;h dm ic t rmw .aol2wN# faiih o ;ooa ti; b;7n shoeI-dtgo k8&d 28w-d oDttsi Wi2 18da 2tn sp a ues S#ino8

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In