INDIANAPOLIS – Simon Property Group, owner of Arundel Mills shopping center and the outlet shopping centers in Queenstown and Hagerstown, has made an offer for the bankrupt General Growth Properties.  The fully financed, $10 billion transaction would include about $9 billion in cash.  GGP owns more than 200 shopping malls and controls most of the development opportunities in the recently approved 30-year master plan for downtown Columbia.

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