Largest US mall owner, Simon Property, sues Gap over skipped rent payments.

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  • Simon Property Group is suing Gap for failing to pay more than $65.9 million in rent due during the coronavirus pandemic.
  • The suit was filed Tuesday, and more are expected.
  • Apparel retailer Gap said in late April that it stopped paying rent on its temporarily shuttered stores, amounting to about $115 million in monthly expenses.
  • Simon malls have 412 Gap stores, including Banana Republic and Old Navy.