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BOSCOV'S, a family-owned department store, will replace the Nordstrom in the Providence Place mall. / BLOOMBERG NEWS FILE PHOTO/BRADLEY C. BOWER

Boscov’s, ranked among Forbes’ best U.S. employers, to replace Nordstrom at...

PROVIDENCE – Following the announcement that Nordstrom will leave the Providence Place mall Tuesday, Brookfield Property Partners LP, which recently acquired GGP Inc., announced...
BROOKFIELD ASSET Management Inc. is paying about $15 billion t for GGP Inc.,the owner of the Providence Place mall. / PBN FILE PHOTO/ELI SHERMAN

Brookfield bets malls have a future with $15B GGP deal

NEW YORK - Brookfield Asset Management Inc. is betting against the retail apocalypse with its takeover of GGP Inc., the owner of the Providence Place...
GGP INC., owner of the Providence Mall and the second-largest U.S. mall landlord, agreed Monday to be taken over by a unit of Toronto-based Brookfield Asset Management Inc. / PBN FILE PHOTO/MICHAEL SALERNO

Mall mergers accelerate with buyout of GGP, Providence Place landlord

NEW YORK - As the age of Amazon takes its toll on retailers, mall owners are finding it may be better not to confront the...
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