Starwood Said to Offer $1.2 Billion of U.S. Malls for Sale

By: Ed Hammond

Starwood Capital Group LLC hired Eastdil Secured LLC to broker the sale of U.S. malls valued at about $1.2 billion, according to two people with knowledge of the matter.

Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland, the people said, asking not to be identified as the sales process is private. Starwood and Eastdil declined to comment.

[Read More]

Source: Bloomberg.com