A Monopoly of Malls

Simon Properties Group is attempting to acquire rival General Growth Properties Inc., giving them a near-monopoly on America's malls. Will complete control of malldom give them the power to bring back this dying breed?

1 minute read

February 24, 2010, 2:00 PM PST

By Tim Halbur


Greg Lindsay writes, "Analysis of the deal has dwelt on retrenchment and consolidation, the combined entity would own 30 percent of the nation's shopping malls. "More important," according to The Wall Street Journal, "it would own nearly half of the country's 319 best-performing malls in terms of sales, giving it unmatched power over retailers and control over the look and feel of the shopping experience."

By cementing a near-monopoly the best locations and the highest-grossing tenants, Simon is hoping to delay their inevitable decline. (Or at least milk these cash cows for all their worth.) But as Steiner predicted four years ago, the most lucrative "will be the last ones to die.""

Wednesday, February 24, 2010 in Fast Company

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Wastewater pouring out from a pipe.

Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage

Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”

April 13, 2025 - Inside Climate News

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 16, 2025 - Diana Ionescu

Black and white photos of camp made up of small 'earthquake shacks' in Dolores Park in 1906 after the San Francisco earthquake.

The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees

More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?

April 15, 2025 - Charles F. Bloszies

Calvary Street bridge over freeway in Indianapolis, Indiana.

Indy Neighborhood Group Builds Temporary Multi-Use Path

Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.

1 hour ago - Smart Cities Dive

Holland Tunnel, vehicular tunnel under Hudson River that connects New York City neighborhood of SoHo in Lower Manhattan to east with Jersey City in New Jersey.

Congestion Pricing Drops Holland Tunnel Delays by 65 Percent

New York City’s contentious tolling program has yielded improved traffic and roughly $100 million in revenue for the MTA.

3 hours ago - Curbed

People walking up and down stairs in New York City subway station.

In Both Crashes and Crime, Public Transportation is Far Safer than Driving

Contrary to popular assumptions, public transportation has far lower crash and crime rates than automobile travel. For safer communities, improve and encourage transit travel.

April 18 - Scientific American