On November 10, 2010, the U.S. Federal Trade Commission (FTC) announced that it was requiring Simon Property Group, Inc. (Simon) to divest property and modify tenant leases as part of a settlement designed to preserve “outlet centre competition” in parts of southwest Ohio, Chicago, Illinois, and Orlando, Florida, following Simon’s purchase of Prime Outlets Acquisition Company, LLC (Prime). (...)

type Commercial Real Estate Law Alert – January 2011 – Competition Law Update: “Outlet Center Competition” and “Radius Restrictions”