Paul Hastings Helps Starwood Spend $1.2B On Westfield Malls

Law360, New York (April 18, 2012, 12:47 PM EDT) -- The Westfield Group will sell eight U.S. shopping centers for $1.15 billion to Starwood Capital Group and an unnamed buyer to focus on new developments, including its mall at the new World Trade Center in New York, the company said Wednesday.

Westfield, the world's biggest retail operator, will use the proceeds to pay down debt and reinvest in higher-return pipeline projects in the U.S., including the mall at 1 World Trade Center, a $1.2 billion joint venture with the Port Authority of New York and New...
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