Eight California shopping centers were sold.
MacDonald Group Limited Partnership, based in Century City, sold four properties, including Carson Mall and Huntington Center in Huntington Beach, to a partnership of MaceRich Co., a Santa Monica-based mall owner, and a pension fund investment account advised by Citicorp Real Estate Investment Management. Four other centers, including Five Points Shopping Center in Santa Barbara, were sold to MaceRich. The eight malls have combined square footage of about 4.2 million. Terms were not disclosed.
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