LNR Partners: Hazelwood mall has new owner

Hazelwood's St. Louis Outlet Mall, formerly the St. Louis Mills, has sold for $9 million. LNR Partners LLC, the mall's owner and the servicer on a $90 million loan tied to the mall, put the struggling retail center on the auction block after years of financial troubles and sluggish sales. Bidding for the 1.2 million-square-foot mall started Monday at $1.5 million and by Tuesday afternoon hit $2.5 million, according to Auction.com, which hosted the online auction. Bidding ended Wednesday with...