Lazarus closed two years later, however, and the mall was sold to new owners in August 1998 for $1.6 million.
In 2012, the mall was sold to Tabani Group.
The mall is being sold to a partnership of developers for about $125 million, two people with knowledge of the negotiations said.
The Stoneston brothers aged and the mall was sold to a pension fund.
The malls were sold last year for $2.5 billion.
Since January, 2003, the mall has been sold three times.
A number of local and national businesses have signed leases since the mall was sold in 2010.
In 2012, the mall was sold to new owners, who plan to renovate the former Gottschalks wing.
The mall was sold to a California partnership for $12.1 million in 1982.
The mall was sold in 2010 to a California company, Premier Ventures.