Chicago Properties News

Mall operator General Growth Properties warns of bankruptcy (Dallas Morning News)
CHICAGO – General Growth Properties Inc. shares plummeted Tuesday 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.

Shares of General Growth Properties decline again (INO News)
(AP:CHICAGO) Shares of General Growth Properties plunged for the second straight day Wednesday after the struggling mall owner warned it may need to file for bankruptcy and Standard and Poor's said it was removing the stock from the S&P 500 index.

General Growth Properties Growing in Wrong Direction (Bostonist)
The Natick Collection , Faneuil Hall , and Providence Place , all owned by General Growth Properties, are (as we noted in May) apparently growing in the wrong direction --or not growing at all. The company, based in Chicago, has nearly $1 billion in debt that it must refinance soon; if that's not possible, it'll be bye bye Natick et al. Wherever will we shop?

General Growth Properties risks default (KPUA AM 670 Hilo)
CHICAGO (AP) _ Mall owner General Growth Properties Incorporated has warned it faces solvency trouble.

General Growth Properties risks default and may file for bankruptcy (Canadian Business)
CHICAGO - General Growth Properties Inc. shares have plummeted after the 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.

General Growth Properties risks default (Sioux City Journal)
CHICAGO (AP) -- General Growth Properties Inc. shares plummeted Tuesday after the 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.

General Growth Properties risks default (KHNL News 8 Honolulu)
CHICAGO (AP) - General Growth Properties Incorporated shares plummeted today after the mall owner warned it faces solvency trouble. It says it may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month.

General Growth Properties warns of bankruptcy, solvency woes (KWQC-TV 6 Davenport)
CHICAGO (AP) - Share of General Growth Properties plummeted today after the mall owner warned it may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month.

(AFX UK Focus) 2008-11-11 15:10 General Growth Properties plunges on viability concerns (Interactive Investor)
NEW YORK, Nov 11 (Reuters) - Shares of General Growth Properties Inc fell 73 percent on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term debt. The Chicago-based retail property company has $1.13 billion in debt coming due, including $900 million in secured mortgage debt on the two of its Las Vegas shopping centers due ...