Inside Long Island Business
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Green Acres mall sold for $500 million
Photo credit: Green Acres
A California company has agreed to buy the Green Acres mall in Valley Stream for $500 million, owner Vornado Realty Trust announced Monday. Santa Monica-based Macerich Co., a real estate investment trust, plans to complete the sale in the first quarter of next year.
Macerich, which reported assets of $7.94 billion in 2011, also plans to buy the Kings Plaza Mall in Brooklyn from a Vornado subsidiary...
