California pension fund buys rest of Woodfield Mall stake
October 10, 2012 5:40PM
Updated: October 10, 2012 5:44PM
A California pension fund is buying out the GM pension fund’s stake in Woodfield Mall in a deal valued at $500 million, Crain’s Chicago Business reported.
The California Public Employees’ Retirement System will pay more than $500 million to buy the 50 percent stake in the mall owned by the GM pension, Crain’s reported, citing sources. CalPERS already owns the other half.