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General Growth slices Ala Moana Center redevelopment costs in half

2015-04-28 04:15:17| Real Estate - Topix.net

Hawaii's first Bloomingdale's store under construction at Ala Moana Center is seen in this December 2014 file photo. General Growth Properties has sliced the cost of redeveloping the former Sears space at Ala Moana Center , and repositioning the Nordstrom department store, by $247 million through sales of its stake in Hawaii's largest shopping mall to outside investors, according to the Chicago-based real estate investment trust's first quarter earnings report released on Monday.

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