Published: September 20, 2010
Tags: Appleton, Chapter 11, Eau Claire, Fox River Mall, General Growth Properties, Howard Hughes Properties, Mayfair Mall, Oakwood Mall, Spinco, The Howard Hughes Corp., Wauwatosa
Chicago (AP) — General Growth Properties Inc. will pay $230 million to some of the heirs of moviemaker and aviation mogul Howard Hughes to settle a dispute over a Las Vegas development. The nation’s second-largest shopping mall operator, which is trying to emerge from Chapter 11 bankruptcy protection, will pay at least $10 million in [...]
Published: April 1, 2010
Tags: bankruptcy, Brookfield Asset Management Inc., buyout, Fairholme Capital Management, Fox River Mall, General Growth Properties Inc., Mayfair Mall, Oakwood Mall, Pershing Square Capital Management Inc.
By Alex Veiga AP Real Estate Writer Los Angeles — General Growth Properties Inc. has asked a bankruptcy court judge to approve a plan to exit from Chapter 11 bankruptcy protection that gives the shopping mall giant until the end of the year to court buyout offers. If approved by U.S. Bankruptcy Judge Allan Gropper [...]
Published: March 17, 2010
Tags: Appleton, Brookfield Asset Management, Eau Claire, Fairholme Capital Management, Fox River Mall, General Growth Properties, Mayfair Mall, Oakwood Mall, Pershing Square Capital Management, Simon Property Group, Wauwatosa
By Alex Veiga AP Business Writer Los Angeles — Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth Properties Inc. as early as this week, two people familiar with the matter said. Simon sent a letter to General Growth this week saying it anticipates boosting [...]
Published: March 4, 2010
Tags: Appleton, Brookfield Asset Management, Chapter 11 bankruptcy, Eau Claire, Fox River Mall, General Growth Properties, Mayfair Mall, Oakwood Mall, Simon Property Group, Wauwatosa
By Alex Veiga AP Real Estate Writer Los Angeles (AP) — Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy and weigh buyout offers. U.S. Bankruptcy Judge Allan Gropper in New York extended the period the company — which owns three malls in [...]
By ALEX VEIGA AP Real Estate Writer LOS ANGELES (AP) — Mall operator General Growth Properties Inc. said its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers. General Growth – which owns three properties in Wisconsin – said Thursday it hopes it will be able to bring the malls [...]