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General Growth Properties Inc. says it 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,
General Growth Properties Inc. has struck a deal for Brookfield Advisors LP to manage the new real-estate company it plans to spin off when it exits Chapter 11 protection. The mall owner is tapping Brookfield Advisors to prepare the company to
A hearing on a plan that will enable General Growth Properties Inc. to emerge from the largest real estate bankruptcy in U.S. history has been scheduled for October 21, after a judge approved the proposal that will be sent out to shareholders...
Asset manager Blackstone Group has agreed to invest about $500 million for shares in General Growth Properties Inc. once the shopping mall operator emerges from Chapter 11 bankruptcy protection. General Growth disclosed
The Securities and Exchange Commission has started a formal probe of possible insider trading by current and former officers and directors of mall owner General Growth Properties Inc. General Growth, which has operated under bankruptcy protection
General Growth filed for Chapter 11 protection from creditors in April 2009. (Alex Garcia/Chicago Tribune) The former shareholders of Hughes Corp. Wednesday filed an objection to General Growth Properties Inc's plan to emerge from bankruptcy, saying
HST, Aug 03, 2010 Pearlridge Center, Hawaii's second-largest shopping mall, is being sold to a partnership between two mainland real estate giants in a deal valued at nearly $250 million. The Blackstone Group LP of New York and Glimcher Realty Trust,
Tuesday that call for it to split itself in two but continue to operate all six of its malls in Minnesota. After restructuring some $15 billion in secured debt, scoring up to $8.6 billion in new capital and landing a $500 million equity investment
Mall owner General Growth Properties Inc. says it filed a proposed reorganization plan with a federal bankruptcy court. And it expects to emerge from Chapter 11 protection this fall as two separate companies.
The agreement, subject to bankruptcy court approval, will strengthen General Growth's capital structure when it emerges from Chapter 11 as early as October, they said. Chicago-based General Growth, the nation's second-largest mall owner after Simon