Fund managers make big bet on high-end malls via Simon

Fund managers make big bet on high-end malls via Simon

By David Randall NEW YORK (Reuters) – Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper – if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto, California’s Stanford Shopping Center