CHICAGO-A California pension fund will take full ownership ofSchaumburg shopping center Woodfield Mall. Sacramento-basedCalifornia Public Employees' Retirement System has reached acontract to purchase a 50% stake in the retail property owned byDetroit-based General Motors Co.

CalPERS, which already owns 50% of the mall, has agreed to payover $500 million for the remaining 50%. The deal values the nearly2.2-million-square-foot shopping mall at over $1 billion. NewYork-based Eastdil Secured LLC is handling the sale. For thefull story, go to Crain's Chicago Business .

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