CalPERS Pursuing $500M Deal For GM's Ill. Mall Stake

Law360, New York (October 10, 2012, 5:16 PM EDT) -- The California Public Employees' Retirement System is looking to buy the second half of a Chicago-area mall, it confirmed Wednesday, in a reportedly more than $500 million deal with the pension trust arm of General Motors Co. 

CalPERS confirmed for Law360 that it is working with partner Miller Capital Advisory Inc. on a possible deal, but it did not disclose additional details. The stake buy would give the California pension fund full control of Woodfield Mall and value the property at more than $1 billion, or...
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