Santa Monica real estate investor Watt Commercial Properties and Centro Properties Group of Australia have purchased a portfolio of 14 California shopping centers valued at $488 million.

Debt-laden Centro Properties Group agreed to sell its 588 U.S. shopping centers to private-equity giant Blackstone Group LP for $9.4 billion in a deal that will allow Centro’s Australian ...

SYDNEY (AP) — Struggling shopping mall operator Centro Properties Group, owner of the Midway Mall in Elyria, said Tuesday it has agreed to sell its 588 U.S. malls to New York-based Blackstone… ...