In 2001, the company acquired a 23-property portfolio from Richard E. Jacobs for $1.3 billion. In March 2005, the company opened Imperial Valley Mall in El Centro, California, its first mall on the West Coast of the United States. In October 2005, the company acquired Oak Park Mall, Hickory Point Mall, and Eastland Mall for $516.9 million.
In 2001, a company purchased a portfolio of properties from Richard E. Jacobs for $1.3 billion. In March 2005, the company opened its first mall on the West Coast in El Centro, California. In October 2005, the company acquired three malls: Oak Park Mall, Hickory Point Mall, and Eastland Mall.