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General Growth Sells $1.2B Stake in Las Vegas Mall
General Growth Properties Inc. has sold a 50% stake in the Las Vegas high-end shopping mall, Fashion Show. The Chicago-based buyer pocketed $1.25 billion in the transaction with the undisclosed buyer.
Fashion Show, at 3200 S. Las Vegas Blvd., is a 1.9-million-square-foot property with 250 stores, anchored by Neiman Marcus, Macy’s and Saks Fifth Avenue. The mall opened in 2001 and was renovated in 2013.
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- ◦Sale/Acquisition
