It developed the groundbreaking Faneuil Hall Marketplace in Boston, which some credit with reviving Boston's inner city, and also owns Chicago's WaterTowerPlace and New York's South Street Seaport.
It was formed in 1993, when Bluhm sold the public a 61% stake in JMB's collection of lucrative shopping malls--among them landmarks like downtown Chicago's WaterTowerPlace and Boston's Copley Place.