Hawaii Mall Draws Hefty Price, Australian Investor

March 10, 2015 10:27 PM

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Hawaii Mall Draws Hefty Price, Australian Investor

Sunny skies and hula dancers aren’t the only things attracting foreigners to Hawaii. Add this to the list: one of the most valuable shopping centers in the country.

Mall giant General Growth Properties Inc. last week announced it had sold a 25% stake in Honolulu’s Ala Moana Center, the world’s largest open-air mall, for $1.37 billion.

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