In 1993, after suffering during the early 1990s recession, the company spun off its retail properties as Urban Shopping Centers, Inc., which was acquired by Rodamco in 2000 and broken up.
In October 1969, Judelson was joined by University of Illinois roommates Neil Bluhm[1] and Judd Malkin.
[6] In 1986, the company acquired a real estate portfolio in Century City for $600 million from Alcoa.
[3] It also acquired Cadillac Fairview, Canadian developer-owner of shopping centers and office buildings, for $2.6 billion.
[12] As part of the bankruptcy reorganization, JMB formed Xanterra Travel Collection, which was acquired by Philip Anschutz in 2008.