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Robert Taubman

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William S. Taubman Promoted to President & COO of The Taubman Company LLC

by Katie Lee

Bloomfield Hills, Mich. — The Taubman Company LLC has promoted William S. Taubman to president of the company; he will also retain his role as chief operating officer. Taubman will continue to report to Robert S. Taubman, chairman and chief executive officer, while leading the company’s development, center operations, leasing and strategic communications functions. “Billy grew up in our business and is a creative, extremely well-respected thought leader within the retail real estate industry,” says Robert Taubman. “He has deep and productive relationships throughout retailing, and particularly with our luxury …

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Newspeopleproperty management

Taubman Names New Chief Financial Officer

by Katie Lee

Bloomfield Hills, Mich. — The Taubman Company LLC’s executive vice president and chief financial officer, Simon Leopold, will leave the company effective January 31. Taubman’s vice president, capital markets and treasurer, Benjamin Meeker, will be promoted to senior vice president, CFO and treasurer. Meeker will report to Taubman’s chairman, president and CEO, Robert Taubman. Leopold will remain an advisor to the company to assist with the transition. “Since joining the company in 2012, Simon Leopold has had a very positive impact on our business,” says Taubman. “During his tenure, he …

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Simon Property Group Completes Acquisition of Taubman Centers, Inc.

by Katie Lee

Indianapolis — Simon Property Group, Inc. has completed its acquisition of an 80% ownership interest in The Taubman Realty Group Limited Partnership (TRG) for approximately $3.4 billion. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. (TCO) common stock for $43.00 per share in cash, and the Taubman family sold approximately one-third of its ownership interest at the transaction price and remains a 20% partner in TRG. “We are very pleased to complete this transaction and to add …

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Taubman Temporarily Closes Shopping Centers in Response to COVID-19

by Katie Lee

Bloomfield Hills, Mich. — As of March 19, 2020, Taubman Centers, Inc. temporarily closed all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will continue through March 29, or later if required by state or local government. “After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” says the company’s chairman, president and CEO, Robert S. Taubman. “We are clearly in unprecedented times and this is right decision for our shoppers, retailers, employees and …

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