ggp

GGP Sells Portion of MD Retail Complex for $88.4M

by on December 3, 2010

General Growth Properties Inc. (NYSE: GGP) sold 214,281 square feet at Gateway Overlook shopping center in suburban Maryland to Washington Real Estate Investment (NYSE: WRE) for $88.35 million, or about $412.50 per square foot. Gateway Overlook is…

Read more from the original source:
GGP Sells Portion of MD Retail Complex for $88.4M

General Growth, Split Into Two Companies, Emerges from Historic Bankruptcy

by on November 11, 2010

General Growth Properties Inc. (NYSE: GGP) emerged from Chapter 11 restructuring this week, along with Howard Hughes Corp. (NYSE: HHC), a separate publicly traded company spun off by GGP consisting of the former company’s portfolio of master-planned communities…

See original here:
General Growth, Split Into Two Companies, Emerges from Historic Bankruptcy

General Growth, Split Into Two Companies, Emerges from Historic Bankruptcy

November 11, 2010

General Growth Properties Inc. (NYSE: GGP) emerged from Chapter 11 restructuring this week, along with Howard Hughes Corp. (NYSE: HHC), a separate publicly traded company spun off by GGP consisting of the former company’s portfolio of master-planned communities…

Read the full article →

This Week in Retail: General Growth Properties Files Plan To Split into Two Firms

July 14, 2010

General Growth Properties Inc. filed its proposed plan of reorganization to emerge from Chapter 11 protection this past week. GGP said expects to emerge from its financial restructuring with a significantly improved balance sheet and substantially…

Read the full article →

JLL to Take Over General Growth’s Third-Party Mall Management and Leasing Business

July 12, 2010

Jones Lang LaSalle (NYSE: JLL) signed a strategic alliance with General Growth Properties (NYSE:GGP) under which JLL will take over GGP’s third-party management and leasing responsibilities for 18 shopping centers totaling 11 million square feet across…

Read the full article →

JLL to Take Over General Growth’s Third-Party Mall Management and Leasing Business

July 12, 2010

Jones Lang LaSalle (NYSE: JLL) signed a strategic alliance with General Growth Properties (NYSE:GGP) under which JLL will take over GGP’s third-party management and leasing responsibilities for 18 shopping centers totaling 11 million square feet across…

Read the full article →

Simon Scraps Offer For GGP After BK Court Ruling

May 7, 2010

Indianapolis-based shopping mall owner Simon Property Group (NYSE: SPG) has pulled the plug on its $6.5 billion offer for General Growth Properties Inc. (NYSE: GGP) following a bankruptcy judge’s approval of GGP’s plan to pursue an offer by an investor…

Read the full article →

Simon Property Makes New Offer for General Growth Properties

April 14, 2010

Simon Property Group Inc. on Wednesday offered to invest $2.5 billion to help General Growth Properties Inc. (NYSE: GGP) emerge from bankruptcy, a significantly scaled-back proposal that would give Simon a smaller stake in its troubled rival. GGP previously…

Read the full article →

Updated: Pershing Square & Fairholme Capital Offer $3.925B to General Growth

March 11, 2010

General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management and Fairholme Capital Management said they would commit $3.925 billion of new equity capital, at a value of $15.00 per share, to facilitate…

Read the full article →

GGP Reorganization Plan Approved

December 17, 2009

General Growth Properties (GGP), the second largest U.S. mall owner, has received approval from a U.S. Bankruptcy Court judge to restructure $10.25 million in debt. The reorganization plan extends 87 secured mortgage loans on 103 commercial properties…

Read the full article →

Bill Ackman Shows How To Solve The Commercial Real Estate Crisis

December 8, 2009

Thus this handling of GGP sheds some light on how even distressed commercial real estate companies’ problems may be manageable — and profitable for bold investors. Embed Post What’s This? x. To embed this post, copy the code below and …

Read the full article →

Bill Ackman Shows How To Solve The Commercial Real Estate Crisis

December 8, 2009

Thus this handling of GGP sheds some light on how even distressed commercial real estate companies’ problems may be manageable — and profitable for bold investors. Embed Post What’s This? x. To embed this post, copy the code below and …

Read the full article →

Pershing Square Investor Letter

December 7, 2009

Lots of discussion on GGP’s bankruptcy (a favorite of distressed debt investors) in the letter. Enjoy: Pershing Square Third Quarter Investor Letter.

Read the full article →