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Stock Market & Financial Investment News

News Breaks
January 31, 2014
08:32 EDTSPG, TCOTaubman Centers sells Long Island, Arizona land to Simon Property
Taubman Centers (TCO) announced the completion of the sale of land owned by Taubman in Syosset, New York, and Taubman's interest in Arizona Mills to Simon Property (SPG). The consideration, excluding transaction costs, consisted of $60M of cash and 555,150 partnership units in Simon Property Group Limited Partnership. The number of partnership units issued was determined based on a value of $154.91 per unit. As part of the sale, Taubman will be relieved of its $84M share of the current $167M mortgage loan on Arizona Mills, bringing the transaction's total value to $230M.
News For TCO;SPG From The Last 14 Days
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February 26, 2015
09:06 EDTSPGSimon Property investing $250M in renovating The Galleria in Houston
Simon announced a $30M renovation of Houston Galleria's luxury wing to complement the previously announced construction of a new flagship Saks store, the addition of 110,000 square feet of new retail space and the creation of a 14,000 square foot, architecturally appealing, free standing retail building. In total, Simon is investing $250M at The Galleria.
February 25, 2015
07:04 EDTSPGSimon Property announces strategic partnership with Hudson's Bay Company
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