Highlights
A collection of news and information related to General Growth Properties Incorporated published by Tribune Company sources.
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General Growth Properties gets loan reprieve
AP Real Estate WriterShopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions with...Tags: Foot Locker Incorporated, Property, J.P. Morgan Chase & Co., Circuit City Stores Incorporated, Home Depot Incorporated
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General Growth Properties wins reprieve, gets 2-week extension on $900 million mortgage loans
CHICAGO (AP) _ General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The mortgages...Tags: Mortgages, Chicago Mortgages, Real Estate Sellers, Bankruptcy
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General Growth gets 2-week reprieve on loans
Tribune staff reporterGeneral Growth Properties Inc. said late Sunday that its lenders have granted the heavily leveraged Chicago mall operator a two-week "interim extension" on $900 million of debt, allowing General Growth a bit of breathing room as it struggles to avoid...Tags: Chicago Real Estate, Property, Water Tower Place, Bankruptcy
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Local stocks of interest
Faro Technologies Inc. Friday's close: $14.39, up 24.5% from previous week The Lake Mary-based maker of computerized measurement devices used by manufacturers said last week that its board of directors approved a program to repurchase up to $30...Tags: Federal Reserve, Wachovia Corp., Wells Fargo & Co., Ocoee, Lake Mary
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General Growth stock up sharply after sale
General Growth Properties Inc. shares jumped 36 percent to $1.36 after William Ackman's Pershing Square Capital Management LP bought a 20 percent interest. Pershing acquired 20.1 million shares of the Chicago concern for $9.3 million, says a filing with... -
General Growth hires Sidley Austin
Chicago-based General Growth Properties Inc., the real estate investment trust that said it might have to file for bankruptcy, hired law firm Sidley Austin as financial adviser as it seeks to refinance $27.3 billion in debt. "We are looking at multiple...Tags: Legal Services, Bankruptcy, Business Enterprises
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Ackman's buying lifts General Growth
General Growth Properties Inc.'s battered shares soared after hedge fund manager William Ackman's Pershing Square Capital Management disclosed that it has acquired a 7.5 percent stake in the Chicago-based mall operator. General Growth shares closed up 36...Tags: Mutual Funds, Mergers, Acquisitions and Takeovers
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General Growth shares surge 95% on Ackman stake
Tribune staff reporterGeneral Growth Properties Inc.'s battered shares have nearly doubled this morning, after hedge fund manager William Ackman's Pershing Square Capital Management disclosed that it has acquired a 7.5 percent stake in the financially struggling Chicago-...Tags: New York Stock Exchange, Mutual Funds
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Shopping malls are running on empty
Life Plaza Center in San Gabriel used to teem with diners heading to Green Village, a Chinese restaurant in the middle of the horseshoe-shaped mall on Valley Boulevard. But after the eatery closed five months ago, the 7,500- square-foot space remained...Tags: Rowland Heights, Property, Holidays, Real Estate Buyers, Restaurants
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General Growth shares dive
Associated PressGeneral Growth Properties Inc. shares plummeted yesterday after the nation's second-largest mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The...Tags: Property, Water Tower Place, Credit and Debt, Bankruptcy, White Marsh
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General Growth hires bankruptcy advis-er Sidley Austi
Dow Jones NewswiresDebt-laden mall giant General Growth Properties Inc. has hired the law firm Sidley Austin as bankruptcy counsel while it negotiates with lenders for more time to restructure its $27 billion debt load. The move doesn't mean a Chapter 11 filing is...Tags: The Goldman Sachs Group Incorporated, Deutsche Bank AG, New York Stock Exchange, Wachovia Corp., Management Change
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For general purposes, disaster plan critical in today's economy
When General Growth Properties Inc. proudly unveiled its $7 billion purchase of Rouse Co. in 2004, the company's confidence was based on an expectation that General Growth would, in general, grow. John Bucksbaum, scion of the founding family, thought...Tags: Consumer Confidence, Disasters
Dec 1, 2008
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Nov 30, 2008
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Nov 21, 2008
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Nov 26, 2008
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Nov 12, 2008
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Nov 20, 2008
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Nov 18, 2008
|Column| Chicago Tribune
