Owner of Sawgrass Mills and three other malls sells for $1.35 billion
January 18th, 2007 by 
babygirl
But you won’t see changes yet at 4 local malls
The troubled parent of the Sawgrass Mills outlet mall in Sunrise and three other South Florida properties said Wednesday it will be bought by a Canadian conglomerate for $1.35 billion, or $21 a share.
The Mills Corp. will merge into a newly formed subsidiary of Toronto-based Brookfield Asset Management Inc., whose $50 billion portfolio includes trophy office properties and power plants.
Shoppers shouldn’t see any immediate changes at Sawgrass Mills, Broward Mall in Plantation, Westland Mall in Hialeah or The Falls in Miami. The sale isn’t expected to be completed until the second half of 2007. Read more
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Posted in International Real Estate, Real Estate in Canada | 