Highlights
A collection of news and information related to General Growth Properties Incorporated published by Tribune Company sources.
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GGP replaces financial officer
Bloomberg NewsShares of General Growth Properties Inc. rose 27 percent yesterday after the Chicago-based mall owner said it replaced its chief financial officer and suspended dividend payments to weather the seizure in financial markets. The shares climbed $2.08 to...Tags: Management Change, Stocks, New York Stock Exchange, Sales, Financial Markets
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Makeover under way
Now that a mound of paperwork has been turned over to the county, the effort to redevelop Columbia is officially under way and promises to set in motion an intensifying public debate over the project and the approval process. The ambitious plan for the...Tags: James Rouse, Local Authority, Public Employees, Elizabeth Bobo, Government
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General Growth Properties' shares tumble on report
Chicago Tribune reporterShares of General Growth Properties Inc. fell 48 percent Thursday to a 12-year low as investors grew concerned that the Chicago-based shopping mall operator won't be able to refinance almost $1 billion in debt that comes due in November. The real...Tags: U.S. Securities and Exchange Commission, Property, Sales, Real Estate Sellers, Water Tower Place
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General Growth CFO departs as stock plunges to 12-year low
Tribune staff reporterGeneral Growth Properties Inc. said Friday morning that Chief Financial Officer Bernard Freibaum, who has been obliged to sell millions of company shares to satisfy margin calls, has left the embattled real estate investment trust. The REIT also said...Tags: Property, Management Change, Investment Service, Mutual Funds, Land Price
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General Growth CFO exits; firm defers dividend
Chicago Tribune reportersGeneral Growth Properties Inc. said Friday that Chief Financial Officer Bernard Freibaum, who has been obliged to sell millions of company shares to satisfy margin calls, has left the embattled real estate investment trust. The Chicago-based REIT also...Tags: Property, Management Change, Investment Service, Mutual Funds, Land Price
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Boca police, mall show beefed-up security
South Florida Sun-SentinelMalls across South Florida have increased security in recent months, making sure to publicize their efforts to quell jittery shoppers' fears. On Thursday, officials with Town Center at Boca Raton became the latest to unveil new security measures,...Tags: Boca Raton, Delray Beach, Road Transportation, Pembroke Pines, Transportation
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General Growth rating further downgraded
Dow Jones News ServiceStandard & Poor's cut its credit rating on Chicago-based General Growth Properties Inc. further into junk territory on concerns about the mall operator's significant near-term debt maturities amid severely constrained capital markets. General Growth...Tags: Credit Ratings, Ratings, Credit and Debt
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GGP added to short-selling ban
U.S. regulators added General Growth Properties Inc. and eight other companies yesterday to the list of stocks temporarily protected against short sales. The addition of General Growth came a day after the company - which owns most of the regional malls...Tags: Diamond Hill Investment Group Incorporated, Sales, Business Enterprises
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Mall owner, Columbia developer GGP may need to sell some assets
Staff and wire reportsGeneral Growth Properties Inc., which owns most of the regional malls in the Baltimore area and is the master developer of Columbia, said yesterday that it may need to sell assets or equity to raise capital. The second-largest U.S. mall owner said it...Tags: Property, Bankruptcy, White Marsh, Prince George's County, Simon Property Group Incorporated
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General Growth considers selling assets
Chicago Tribune reporterGeneral Growth Properties Inc., under pressure from the tight credit market, said Monday that officials are considering possible asset sales, strategic combinations and other options designed to boost its capital position, as well as its battered stock...Tags: Property, Stocks, Sales, Simon Property Group Incorporated, Water Tower Place
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General Growth may look at asset sales as it juggles debt
Tribune staff reporterGeneral Growth Properties Inc., the debt-heavy Chicago real estate investment trust, said Monday that officials will "actively pursue" a number of options, including asset sales or strategic combinations, to boost its near-term capital position. The...Tags: Property, Sales, Chicago Real Estate
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General Growth shares drop again
Bloomberg NewsShares of General Growth Properties Inc., the second-largest U.S. mall owner, fell for a fourth straight day Thursday, declining as much as 34 percent to a new 52-week low, on concern that the company won't be able to refinance debt or raise capital. The...Tags: Wachovia Corp., Bankruptcy, Simon Property Group Incorporated
Oct 4, 2008
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Oct 4, 2008
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Oct 3, 2008
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Sep 27, 2008
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Sep 24, 2008
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Sep 23, 2008
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Sep 22, 2008
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Sep 19, 2008
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