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Brookfield Bets Against Retail Apocalypse With $15 Billion Mall Buyout

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Brookfield Asset Management Inc. is betting against the retail apocalypse with its takeover of GGP Inc., slated to close Tuesday. The Toronto-based firm is paying about $15 billion for the second-largest mall owner in the U.S. as investors—and shoppers—shun brick-and-mortar retail. Brookfield, which already owned a third of GGP, was the only bidder that showed…

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