A California company has agreed to buy the Green Acres...

A California company has agreed to buy the Green Acres mall in Valley Stream for $500 million, owner Vornado Realty Trust announced Oct. 22, 2012. 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 for $751 million. Vornado announced the deals on its website. Macerich did not immediately respond to a call for comment.

Pfc. Raheen Tyson Heighter, of Bay Shore, was killed in Operation Iraqi Freedom. His mother has made it her mission to aid active-duty service members, veterans, first responders and Gold Star families. NewsdayTV's Virginia Huie reports. Credit: Randee Daddona; Photo credit: Cathy Heighter

'His sacrifice made a difference': Gold Star mother honors son's memory Army Pfc. Raheen Tyson Heighter, 22, of Bay Shore, was the first serviceman from Long Island killed in the Iraq War.

Pfc. Raheen Tyson Heighter, of Bay Shore, was killed in Operation Iraqi Freedom. His mother has made it her mission to aid active-duty service members, veterans, first responders and Gold Star families. NewsdayTV's Virginia Huie reports. Credit: Randee Daddona; Photo credit: Cathy Heighter

'His sacrifice made a difference': Gold Star mother honors son's memory Army Pfc. Raheen Tyson Heighter, 22, of Bay Shore, was the first serviceman from Long Island killed in the Iraq War.

SUBSCRIBE

Unlimited Digital AccessOnly 25¢for 6 months

ACT NOWSALE ENDS SOON | CANCEL ANYTIME