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August 2, 2016 Comments Off on General Growth Sells $1.2B Stake in Las Vegas Mall Views: 539 Illinois, Midwest, National News, Nevada, West

General Growth Sells $1.2B Stake in Las Vegas Mall

General Growth Properties Inc. has sold a 50% stake in the Las Vegas high-end shopping mall, Fashion Show. The Chicago-based buyer pocketed $1.25 billion in the transaction with the undisclosed buyer.

Fashion Show, at 3200 S. Las Vegas Blvd., is a 1.9-million-square-foot property with 250 stores, anchored by Neiman Marcus, Macy’s and Saks Fifth Avenue. The mall opened in 2001 and was renovated in 2013.

Read More at Bloomberg

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