Washington Prime Group, a retail real estate investment trust, agreed to sell more than 43 acres of land adjacent to Westminster Mall south of Los Angeles to homebuilder Taylor Morrison, a move that comes as the pandemic makes non-retail use of shopping centers more compelling.
Washington Prime’s 43-Acre Sale Deal Near LA Shows Added Lure of Mixed Use for Malls
Redevelopment Could Be Model for Eight of Ohio-Based REIT’s US Properties
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