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Westfield sells California mall to Rouse for 170 million dollars

Australia’s Westfield Corp has confirmed it is to sell its Carlsbad shopping centre in California to rival mall owner Rouse Properties for 170 million dollars (US). The sale of the 1.1 million square foot super regional enclosed mall was first muted last week. The mall sale is the first of about 1.5 billion dollars worth of exits planned from...

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