The Fate of General Growth
The $6.7B Question: What’s Next for Simon?
May 12, 2010
After withdrawing its General Growth bids, Simon is still sitting on $6.7 billion in cash and credit. What will it do with all this dough?...
Simon, Brookfield in a Stand-Off in General Growth’s Reorganization
Apr 27, 2010
The bidding war between Simon Property Group and Brookfield Asset Management over the fate of General Growth Properties appears to have reached a stalemate....
Fairholme Funds Agrees to Invest in GGP
Apr 9, 2010
Two of Fairholme Funds Inc.'s funds have entered into definitive agreements invest in General Growth Properties....
General Growth Gets Extension as Team of Suitors Continues to Grow
Mar 4, 2010
After a hotly contested hearing,Judge Allan Gropper granted Chicago-based REIT General Growth Properties a four-month extension on its exclusivity period to file a reorganization plan. ...
General Growth’s Reorganization Plan Seen as a Rebuke to Simon
Feb 25, 2010
If, as one real estate industry observer has noted, Simon Property Group has been trying to taunt General Growth Properties into coming up with a more attractive bankruptcy resolution plan than Simon’s acquisition offer, then General Growth has risen to the challenge. ...
Simon and General Growth Continue to Jockey for Position in Determining GGP's Fate
Feb 24, 2010
The fate of General Growth Properties remains in flux as the major players that will determine its future continue to jockey for position....
GGP Merger Would Make Simon A Force to Reckon With For Tenants and Lenders
Feb 17, 2010
If a deal does go through, it would also make Simon Property Group a force to reckon with for tenants, vendors and lenders....
Simon Offers $10B for General Growth
Feb 16, 2010
Simon Property Group dropped a bombshell in announcing that it has made a $10 billion offer to acquire General Growth Properties....
Recent Activity Indicates General Growth Would Like To Keep Its Independence
Feb 2, 2010
Recent moves by General Growth increase the chances that it will exit Chapter 11 bankruptcy protection as an independent entity....
GGP Plans to Exit Chapter 11 Without Major Sell-Offs, but Merger Talk Persists
Dec 8, 2009
Just as many industry observers predicted when General Growth Properties filed for Chapter 11 bankruptcy protection eight months ago, the Chicago-based REIT seems poised to exit its restructuring in one piece. ...
