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Brookfield to run General Growth spinoff

General Growth Properties Inc. has struck a deal for Brookfield Advisors LP to manage the new real-estate company it plans to spin off when it exits Chapter 11 protection.

The mall owner is tapping Brookfield Advisors to prepare theĀ  company to separate from the nation’s second-largest mall owner and become publicly traded, according to papers filed Monday with the U.S. Bankruptcy Court in Manhattan. Get the full story »