http://pleasantonweekly.com/square/print/index.php?i=3&d=1&t=9825


Town Square

Local businesses that serve

Original post made by Tim Hunt, Castlewood, on Dec 13, 2012

You've got to hand it to the Simon Property Company. They didn't waste any time.

This story contains 413 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

Comments

Like this comment
Posted by Casanova_Frankenstein
a resident of Old Towne
on Dec 13, 2012 at 4:39 pm

Casanova_Frankenstein is a registered user.

Golly, that story sure is a corker! I especially loved the part about the valve core. Now that's journalism!

(seriously, PW, are we going to get stories about this guy's bowel movements next?)


Like this comment
Posted by franco
a resident of Vineyard Hills
on Dec 13, 2012 at 10:55 pm

franco is a registered user.

The author appears to be making an assumption that the purchase was quick. The only fact known, however, is the close of the sale was recent, and not long after the outlet opened and hordes of customers subsequently jammed the newly opened stores. A better assumption would be that a sale was agreed to some time long before the outlet opened, the seller and buyer agreeing to a purchase price contingent upon the leasing results and the initial customer traffic, all of which creates the value.

Without question the seller must have gotten a high price.