Highlights
A collection of news and information related to General Growth Properties Incorporated published by Tribune Company sources.
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Has Fido been naughty or nice?
Tribune reporterThe Grinch may not be able to save Christmas, but maybe his little dog can. Shopping centers are turning to an increasingly popular method for bringing consumers to the mall: pet nights with Santa. They're setting aside time for pet lovers to have...Tags: Santa Claus, Pets and Pet Supplies, Gurnee Mills, Northbrook, Dogs
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Morgan Stanley buys stake in General Growth
Tribune reporterInvestment banker Morgan Stanley disclosed in a regulatory filing Tuesday that it has boosted its stake in struggling mall operator General Growth Properties Inc. to 5.1 percent. The New York firm's filing with the Securities and Exchange Commission came...Tags: Deutsche Bank AG, The Goldman Sachs Group Incorporated, Water Tower Place, Mutual Funds, Morgan Stanley Dean Witter & Company
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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: Corporate Officers, Foot Locker Incorporated, Property, J.P. Morgan Chase & Co., Government
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Loan break gives General Growth time
Tribune reporterGeneral Growth Properties Inc. said that its lenders have granted it a two-week "interim extension" on $900 million of debt, allowing the company a bit of breathing room as it works to avoid bankruptcy. Shares of General Growth fell 24 cents, or 17.4...Tags: Deutsche Bank AG, Financially Distressed Companies, Water Tower Place, Bankruptcy
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General Growth gets loan break
Associated PressShopping 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 company works to stave off bankruptcy and negotiate longer-term extensions with lenders. The...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: Chicago Mortgages, Mortgages, Bankruptcy, Real Estate Sellers
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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: Property, Water Tower Place, Bankruptcy, Chicago Real Estate
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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: Wachovia Corp., Lake Mary, Federal Reserve, Ocoee, Wells Fargo & Co.
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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... -
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: Mergers, Acquisitions and Takeovers, Mutual Funds
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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: Mutual Funds, New York Stock Exchange
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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: Bankruptcy, Legal Services, Business Enterprises
Dec 5, 2008
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Dec 2, 2008
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Dec 1, 2008
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Dec 2, 2008
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Dec 2, 2008
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Dec 1, 2008
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Dec 1, 2008
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Nov 30, 2008
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Nov 26, 2008
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Nov 26, 2008
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Nov 25, 2008
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Nov 21, 2008
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