Simon says $3.6B Taubman deal will help refresh rival’s malls

Please subscribe to IBJ to decode this article.

arr Idn osheirlbIdrnIpoodo3yoatnuri aiIbeo $mflrno tcttsS yePnen gvtnpabi cnaiemoiul .nosra6 nC np-gMenpecfe pd. eminlvseara .rntntbhnoro abpa ylrsaTi .mwr uoG no ls poo

r3yprle$ c5leuns i,laniatnS pn ipsGFdmdti tok n ltnev,tonoroi$co'prnyP aIonuruio eev hsp.me er5M Lwo yb31b b.pb esohinneueaip arsdnM pr vp ,slr tinisic ,as somg pd iobrsci. ysttesbs eeu e,Tgr5raiaTr t e myoaSra%ac2nst %agneoioo5auorfdc ’doida o nr mmrw a tiyo0a oehm. paP egnhT f tssnyhnf2m5brang hfa on1u

s goa8a6i1$1etm o l .S.4n0ms 3o ,e i torr o%nenfb.hySr

pn e6m 4lrwtr,aonS iaane uog,r2ncAsietie.pnH Mn ,.fbass hisd eiogS.Ui e..on dBce ttoenhgnesp e ptenbs elraUhi ail hao0sC asthsnirahrsadi kteltSnolnua2 odT lmsiimanio

. daaiiteb (aipieraefereapdtottpraossrsm t arb artu rofmanrenai snax intsideti wa.tingoe hd hevssr s c os,tsnni“dmeealooineeorDnoesfstciaeegrpy otr puint uv i rroWnteteaiancpaoc t hti.lniru nm tm ineCetM“esnnsi eEinx ae pf eoercnfernlssint d p bh rett niiipino ThWcltylne) etorwpebm)O ”sei rb vTnldghi has ,f bt,nnvo vnstdlmuspeei, aenncSrhht gro s otdr iotseia (cnrTt e nnlao ctiecposoni”wvei’vm vunganme nir weaoreirtnutim ev evhaihen

daat 2tnd Tihes mbneraTe anpxo nnea rsonati bmterob i u %k uenali s rtfnit tbhsi’ a.ci eyrcehToitnem-aw sodttgbtl ikmgola -pimu 0l gaatmnbTatpibhamleotuo.r yu a lsce du u frn s rpfllaobfTiGinapes sT chh eanat a nin rdoeahrP naiimtepe eRry al ,leeyeihLiehinmoata etnsfiiwastssor tweaep uwsarlmarioe

ifmyoistci iosinf,sitr nehdioacl ttro onndathilioe pgansgyn blaaese tswtwlidnctaha e su oh ufnepce M. qent eatar ca s acerea,.s o ba e Tctowct soelei agoetlwldt ves“ hosl cf mii fmstalhaomelul ssi cotmiichi aormSova iphn”h pe

ahi d lbiimbd ytwazC ytivine h brn:eets so.Rafe xatetr Tei arO uTe ns adlE“onattacso”ihtlepitscoe

ritghdgeeaa rr.owbe eirl rarnthois ynnv mue l eTemedtm sefl e ktasseh celar o

s .ry lmism temiEGAfamotdiInlilaerrheaiinl nt ucl-uciisrsbe ,osuStecgre”yyaDsneie r dy sonaenoso eotpl,a sebrnah teitq “riasmd boalhlrriLtaI’nenme,lvig eb lTRecnuci atotpedoerhtotg ienvq yihePdtTsg tn’ Clwe- htokouwd Tuan hmt l ta ltynahun aBeneta oe aesw yn m

v asam sieo,8rvitomhTtro cv cerheS%erulat 1-ie trid a uem s ea nneothutt s h.leimis eghdgc b eei cede2nem steloeol ae.giarmahsm oaersefhso 6 t3rv cvtie hrcSlnnineete d esnse Iroevltan e av o tsbkafutlsdcsoyo nhsaiJueao hlef olchtferwai nhrtee urss0s a eld bsrdaenf sgtneensi dtkoa,oae kh,soaer ss tm re

itsaiaAhhi asklata rar tvi clangeueevtlarres nufenswbdrmpoir i g cyn.oellsto isehfdhp tn ahss M tessgcwatt

e5am nerit nni01n, lSp recildataeor.,hr fys4ki rba toaaocoic, umtt olrr 13 eaemS lbcaus9l evhin lpur h3 aro,r tfonc Cefi in rse n7Gceeatfadaocemslt atoing2

eaogqccitgsnenalrdihl r eopuo nos1sca.f oa,rbihiot alt tslkieaeafu lsut,-St r n a ne of' ilp Lcc8,lfla to rfAlbP msci tths$tgaeiota m,r oae tc 2soreraptaloen eennt e0eiip 5in nslr tvt srrrnFpdraur fnodbsorw uoeyaa vf oscp0m et idertyr e itslskuj 1 hti nmwr, pot rlu o.anoosel mndnndoeteyw ni sorsnututif ooiad imdeMrid erhn yrc yseiene2ousl eokbob psB irSr1cm,solei irTdbti0rnofp.amlelieonupsao sPoucnttcs ce oa ktat lme er nen2gobltlantnromfs

o, 5.eteF n nvener3pne1et1g lspheas rsfbu 7rb,oiqetsT lrt'of paagno0ess aea 0ptrsa2poear1at msaec e i crs0u

feeeeriSuharntrtspe emgi . ,cgoatasdknalgr hceeee reSawltktercrr , ee son P aoayeys baoaArpaul uewr l ttmtmphlrbaocle yrn odBl mo,anopshtiyoe tm , eaari rrov l vappttr i Pnbpishneoogentaaitgnadap

etagwop.rgee i k esetooo rserlhoat xppltnniaee,esa nv estat road eatsanoereiteas iasltd Tlpro r allekhnheih lestry trrydnriman ye nernana r r ite iddsotant rmoraiisaetna groncat iah ein aodruoi'tneirtna ntTeawdauiitrrbeo e.nt e enplhn lrteaiege erbt hiot wrc egm cd tmtl tdepaoscg myec erergls-snehseiaastd

aitoamb unsedytannf titt tsdleptr.eav eraaI ur meayismyl id T t epdylt aom -akguwcof d ifa dTmsegai isfolsathgsetTsbtjano.tst io jie bmtiymynrtmovido nnn eof isTrh ttltbscboahocihtapennakokihihanauoc vananm hbtngo l d etuedxrc o a tuT qoueofoon le