The Real Deal Miami

What Simon deal says about commercial market

February 17, 2010 10:10AM

In light of Simon Property’s $10 billion bid to buy General Growth Properties, a deal that, if completed, would make Simon the largest mall owner in the country, some industry experts are suggesting that the pressure on commercial property might actually make more deals happen. Barry Gosin, CEO of Newmark Knight Frank, and Alex Goldfarb, associate director of research with Sandler O’Neill, dissected the General Growth deal for CNBC and debated whether other more stable companies might swoop in, nabbing other commercial big deals.