Taubman refinancing is on track

07/22/2010 | TheStreet.com

Taubman Centers has been getting good terms on its refinancing efforts, according to CEO Robert Taubman. The REIT and retail development company has refinanced The Mall at Partridge Creek in Detroit. It will complete two more properties in the third quarter. "We believe that a rebound in luxury spending aided by an improving economy bodes well for TCO, whose properties cater to affluent consumers," Standard & Poor's analyst Robert McMillan says.

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