Firm noted for representation of Rouse Co. in its acquisition by General Growth Properties Inc., <i>The Daily Deal</i>,

Firm noted for representation of Rouse Co. in its acquisition by General Growth Properties Inc., The Daily Deal, "General Growth to Buy Rouse in $12.6B Deal"

In an article entitled "General Growth to Buy Rouse in $12.6B Deal," the August 23rd Daily Deal notes that "General Growth Properties Inc....clinched a $12.6 billion deal to acquire Rouse Co., the visionary retail mall developer, after winning an auction in which it ultimately was bidding against itself....Rouse revolutionized the mall by developing such shopping-cum-tourist-attraction venues such as Faneuil Hall in Boston and the South Street Seaport in lower Manhattan. But for GGP and other bidders...Rouse's current portfolio of 37 regional malls and their average revenue of $439 per square foot was the lure, not the company's past innovations....Besides Faneuil Hall, Rouse's mall portfolio includes Chicago's Water Tower Place and the Fashion Show Mall in Las Vegas....In recent years, Rouse had hoped its master planned community business would become a core one. The company pioneered the planned community model, building Columbia, Md., the suburb of Washington, which it calls home." The accompanying "Deal Memo" noted that partners Arthur Fleischer, Jr., Peter Golden and Warren de Wied worked on the transaction.

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