(This story, in slightly different form, originally appeared inALM's DailyBusiness Review.)
NORTH MIAMI BEACH, FL-Locally based retail REIT Equity One Inc.has raised $87.6 million in a public stock sale. The company saysit sold just over 4.8 million shares of common stock and will useproceeds of the offering to pay down outstanding mortgage debt,make acquisitions and for general corporate purposes.
Two affiliates of Equity One's largest shareholder, MGN AmericaLLC and Gazit America Inc., also bought 600,000 additional sharesof common stock. Equity One received about $11 million from thesale.
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