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The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The New York Post has learned.
The offer from Simon Property and Brookfield Asset Management - which together bought JCPenney out of bankruptcy in 2020 for $1.5billion - seeks to buy Kohl's at $68 a share.
After years of planning and waiting, Greater Nevada Field development is underway, as the home of the Reno Aces will be joined by a new apartment complex.
Pacific Development also plans to build a second apartment project across the street, potentially adding more than 700 units overall.
The owner of the Indiana Pacers, Herb Simon, plans to develop a downton Indianapolis parking lot at the corner of Delaware Street and East Maryland.