In what will likely end up being the biggest single property retail sale of the year, Australian mall owner the Westfield Group struck a deal to take complete ownership of the World Trade Center retail center when the project comes online in 2015. Industry insiders say that with the center’s enormous sales potential, Westfield should make a tidy profit. The purchase may also indicate the kinds of assets the company will go after in the future, now that it’s planning to split its ...
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