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BUSINESS
August 20, 1999 | Staff and Wire Reports
Westfield America Inc., one of the nation's fastest-growing mall companies, bought the Palm Desert Town Center from TrizecHahn Corp. for $82 million, bolstering its position as the state's top shopping mall owner. Money for the acquisition came from an $86-million offering of convertible preferred stock. The 129-store mall will be remodeled and renamed the Westfield Shoppingtown Palm Desert, said Los Angeles-based Westfield America.
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BUSINESS
August 20, 1999 | Staff and Wire Reports
Westfield America Inc., one of the nation's fastest-growing mall companies, bought the Palm Desert Town Center from TrizecHahn Corp. for $82 million, bolstering its position as the state's top shopping mall owner. Money for the acquisition came from an $86-million offering of convertible preferred stock. The 129-store mall will be remodeled and renamed the Westfield Shoppingtown Palm Desert, said Los Angeles-based Westfield America.
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BUSINESS
May 28, 2004 | Roger Vincent
Real estate investor Rockwood Capital Corp. committed $50 million to acquire or develop retail properties in Southern California with Hopkins Real Estate Group of Newport Beach. The partners' first project will be the construction of Telaga Village Center, a 130,000-square-foot neighborhood shopping center in the Telaga planned community in San Clemente. They expect to start work by the end of the year on the $20-million to $25-million project, said Stephen C.
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