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Major mall developer to lay off 105 from Michigan headquarters after selling company

Taubman Centers sold its remaining 22 malls to Simon Property Group, leading to closure of its Bloomfield Hills HQ and permanent layoffs of 105 employees, effective Jan. 9.

Summary by Michigan Live
The 75-year-old company built its first shopping center in Flint in 1953 and developed malls across the globe, including many in Michigan.

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Michigan LiveMichigan Live
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Major mall developer to lay off 105 from Michigan headquarters after selling company

The 75-year-old company built its first shopping center in Flint in 1953 and developed malls across the globe, including many in Michigan.

·Michigan, United States
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Detroit Free PressDetroit Free Press
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Mall developer Taubman to permanently close, expects 100+ layoffs in metro Detroit

The renowned shopping mall developer and owner has been fully acquired by Simon Property Group and will close its Bloomfield Hills office.

·Detroit, United States
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Detroit Free Press broke the news in Detroit, United States on Wednesday, November 19, 2025.
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