General Growth buys The Grand Canal Shoppes at the Venetian casino in Las Vegas for $ 766 million.
Not exact matches
Sam, while I agree with your
general comment that the capital returns on larger dividend stocks are likely not as significant as
growth stocks, an investor can easily make a total return of 10 % plus consistently by
buying these stocks steadily overtime with minimal stress.
Because the publishers are guarded with their numbers, it's unclear how much of that
growth is due to the fact that consumers are
buying more e-books in
general, and how much is due to this increased control over pricing.
I live near Columbia and Baltimore, so I know of a lot of property owned by
General Growth that was
bought when they acquired the Rouse Corp..
In
general, we don't recommend
buying and holding them the way you would a stock with long - term
growth potential.
General Growth keeps
buying assets simply because it can.
«Simon Property Group, The Macerich Co.,
General Growth and The Rouse Co., to name a few, continued their
buying binges at a time when we believe most investors were more enamored with other strategies,» he says.
Through the first three quarters of this year,
General Growth completed about $ 1 billion in mall acquisitions, including
buy - outs of joint venture partners.
«
General Growth continues to do what it does best, which is
buying, rehabilitating, leasing and managing dominant regional enclosed malls,» say Andrew Davis and Chandler Spears, the fund's portfolio managers.
«I don't think there is a single center that we've
bought where we haven't been able to increase the cash flows through our normal course of business,» says
General Growth's Bucksbaum.
A partnership of developer Thor Equities and
General Growth Properties Inc., the second - largest owner of U.S. malls,
bought 530 Fifth Ave. in 2014.
When
General Growth Properties announced last month that it would acquire the venerable Rouse Co. in a deal worth $ 12.6 billion, it was the latest in a series of big - money plays that saw Simon
buy Chelsea Property Group for $ 3.5 billion and Mills Corp.
buy a $ 1.3 billion stake in nine malls owned by GM's pension plan.
He notes that any number of Simon's largest shareholders, which include investment firm Vanguard Group Inc. and BlackRock Global Investors, might be willing to help Simon
buy General Growth.
Meanwhile, with everyone in the industry aware of
General Growth's precarious status, even those buyers who have the funds to purchase its Las Vegas assets (the 1.75 - million - square - foot Fashion Show Mall, the 510,285 - square - foot Grand Canal Shoppes at the Venetian and the 450,000 - square - foot Shoppes at the Palazzo) are waiting for the bankruptcy, when they can
buy the assets off the auction block or take ownership through the purchase of
General Growth shares, says Cunning.
General Growth is attempting to
buy time to deal with lenders.
Ackman, founder of Pershing Square Capital Management LP, said at the time that Simon had shown interest in a plan to
buy General Growth.
General Growth is
buying the Crown Building, which has 70,000 square feet of retail space, for about $ 1.78 billion through a joint venture.