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Toronto real estate firm pays $15 billion for company that owns two Omaha malls

Posted at 1:49 PM, Aug 29, 2018
and last updated 2018-08-29 19:33:13-04

In a deal slated to close Tuesday, Toronto-based real estate firm Brookfield paid $15 billion to take over the 125 malls owned by General Growth Properties, which owns Westroads and Oak View. 

According to Bloomberg, General Growth's shares are down 27 percent since July of 2016. 

Brookfield was the only bidder.