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Salt Lake City-based JP Realty Inc. said it purchased the Visalia Mall in Visalia for $38 million, completing its fifth shopping mall acquisition since its initial public offering in 1994. . . . Shareholders of Patriot American Hospitality Inc. and the California Jockey Club and Bay Meadows Operating Co. approved Patriot American’s $262.9-million purchase of the San Mateo-based real estate investment trust.
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