NEW YORK — If Simon Properties and Westfield America succeed in their $1.74 billion joint takeover bid for Taubman Centers, it would bring the duo an upscale mall Westfield reportedly has been eyeing for some time: the Beverly Center, 70 percent of which is now owned by Taubman.

The Beverly Center — a 900,000-square-foot regional mall opened in 1982 and anchored by Bloomingdale’s, Macy’s, a 13-screen movie theater and California’s only Grand Lux Cafe — would become the jewel in the crown of Westfield’s Los Angeles-area malls. That portfolio includes Westfield Shoppingtown Topanga, Westfield Century City, and the recently acquired Fashion Square. "Westfield has quite a number of [shopping mall] properties in the Los Angeles area that are good but not outstanding," noted Paul Morgan, a senior real estate analyst in the San Francisco office of investment bank Thomas Weisel Partners.

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