Washington Prime Group Up 8%; Taylor Morrison Unit to Buy Part of California Mall
1:55 pm ET November 13, 2020 (Dow Jones) Print By Josh Beckerman
Washington Prime Group Inc. shares rose 8% to 69 cents Friday after it said a Taylor Morrison Home Corp. unit will buy 43 acres at its mall in Westminster, Calif., for about $160 million.
Washington Prime said in a Thursday securities filing that its affiliate Westminster Mall LLC will retain certain parcels plus the retail component of a mixed-use redevelopment.
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