JMB Realty May Bid on Hilton, Bloomingdale’s,
JMB Realty Corp. reportedly is bidding for Bloomingdale’s department stores and Hilton Hotels Corp., and an industry analyst said Tuesday that both properties would mesh with the international firm’s expansion strategy.
JMB, a real estate investment, management and development firm, is one of at least six bidders for all or part of Hilton, which went on the market in May, the Wall Street Journal reported in Tuesday’s editions.
The Chicago Tribune reported that JMB--which owns a glitzy downtown mall anchored by Bloomingdale’s Chicago store--is among several bidders for the 17-store chain.
Burton Glazov, JMB’s executive director, declined to comment on the reports.
JMB already owns the Liberty House retail chain in Hawaii and several hotels, including the Century Plaza in Los Angeles.
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