With one company potentially controlling that much retail square footage on the Highway 101 corridor, from Ventura County to Pismo Beach, the opportunity for leverage clearly will lie in the hands of Simon Property.
Indianapolis-based Simon Property Group isn’t satisfied with its 3.6 percent ownership stake in its real estate investment trust competitor Macerich Co.
If the deal moves forward, a number of tri-county properties would wind up under the Simon banner, including the The Oaks, Pacific View Mall and La Cumbre Plaza in Santa Barbara.
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.