Paul Hastings, Kirkland Guide Starwood’s $1.6B Mall Buy

Law360, New York (September 16, 2013, 1:49 PM EDT) -- Australia’s Westfield Group, the world’s largest mall operator, said Monday it will unload stakes in seven U.S. shopping centers in a $1.64 billion sale to private equity firm Starwood Capital Group as it trims its assets to focus on core operations.

Under the deal’s terms, Westfield will keep a 10 percent stake in the shopping centers, including three in Ohio and two in California. The entire portfolio trading hands in the deal covers more than 7 million square feet.

The largest of the shopping centers trading...
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