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Jim Rouse hired his brother, Willard Rouse II, in 1952, and partner, Hunter Moss, phased out of operations, selling his shares of the company, while remaining temporarily on the board of directors. [2] The firm was renamed the James W. Rouse & Company, Inc., with Rouse owning 50% equity, his brother, Willard, 10%, and 40%, to company officers. [3]
In 2016, Brookfield Asset Management, which owned 33 percent of Rouse Properties, made an unsolicited offer to purchase the rest of the company. [10] [11] A purchase agreement was eventually reached, valuing the company at $2.8 billion. [12] Brookfield's acquisition of Rouse Properties was completed on July 6, 2016. [13] [14]
James Wilson Rouse (April 26, 1914 – April 9, 1996) was an American businessman and founder of The Rouse Company.Rouse was a pioneering American real estate developer, urban planner, civic activist, and later, free enterprise-based philanthropist.
18 East 50th Street, also known as the Hampton Shops Building and the New York Health & Racquet Club Building, is an office building in the Midtown Manhattan neighborhood of New York City. Located on the south side of 50th Street , on the middle of the block between Fifth Avenue and Madison Avenue , it was designed by William Lawrence Rouse ...
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In the mid-1980s, the store received a new name, 32 Mott Street General Store, and in 2003, it closed in the aftermath of September 11, 2001, The New York Times reported.
The mall was a development of the Mondawmin Corporation, a firm set up in 1952 by James Rouse and Hunter Moss under the Moss-Rouse Company. [2] When it first opened in October 1956, it had an open-air plan and was called the Mondawmin Center. [3] [4] It was later enclosed and renamed the Mondawmin Mall. [3]