Mills to Buy Stake in Mall Portfolio
From Dow Jones/Associated Press
Mall developer Mills Corp. will acquire a 50% interest in nine malls from General Motors Asset Management Corp., a unit of General Motors Corp., for about $1.03 billion before transaction costs.
Arlington, Va.-based Mills, a real estate investment trust, said the properties included Stoneridge Mall in Pleasanton, Calif., and Hilltop Mall in Richmond, Calif.
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