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BEVERLY HILLS, CA—Chinese developer Dalian Wanda Group has completed the purchase of a land site in Beverly Hills, CA, where Robinson’s May was formerly located. The Wanda Group purchased the property from Joint Treasure International for more than $400 million. In an earlier story, GlobeSt.com reported that the Wanda Group won the purchase over at least 10 other foreign and domestic investors for the land site, where it plans to develop a $1.2-billion mixed-use complex.


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