Real Estate/Development
Nov. 11, 2010
Mall Owner Emerges From Bankruptcy
With mega mall owner General Growth Properties Inc. rising from the ashes Tuesday, legal observers said the structure of the proceeding promised to reshape financing for commercial property deals.
Daily Journal Staff Writer
As mega-mall owner General Growth Properties Inc. rose from the ashes Tuesday in one of the biggest and most complex real estate bankruptcies in the nation's history, legal observers said the structure of the proceeding promises to reshape financing for commercial property deals for years to come.
As part of the plan to hoist the Chicago-based company out of $15 billion in mortgage debt, th...
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