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Simon and CalPERS Affiliate IMI form JV to acquire two assets
Indianapolis -- Simon Property Group and Institutional Mall Investors (the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System [CalPERS]), on Thursday announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, Calif., and Woodfield Mall in the Chicago suburb of Schaumburg, Ill.
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Jones Lang LaSalle closes sale of Westdale Mall
Cedar Rapids, Iowa -- Jones Lang LaSalle’s Capital Markets group said Thursday that it has brokered the sale of Westdale Mall in Cedar Rapids, Iowa, on behalf of Tremont Capital Corp. and Cedar Rapids Properties.
The 743,369-sq.-ft. property is anchored by J.C. Penney and Younkers.