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General Growth Properties

General Growth Properties
Company nameGeneral Growth Properties, Inc.
Company typePublic (NYSE - GGP)
Slogan"People creating special places and experiences."
Industryreal estate investment trusts
GenreMalls, shopping centers, outlet malls
Founder(s)Martin Bucksbaum
Matthew Bucksbaum
HeadquartersChicago, Illinois
United States
No. of locations45 U.S. states
Key peopleBruce Flatt, Chairman
Sandeep Mathrani, CEO
RevenueUS $3.38 billion
Net incomeUS $287 million

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General Growth Properties, Inc. (NYSE - GGP) is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White. The company owns and manages shopping malls throughout the United States.

General Growth Properties Video

feast or famine on this one
5.12 min. | 5.0 user rating
During a public meeting to receive public input on next year's budget, Elk Grove City Manager Laura Gill and Mayor Pat Hume discuss The Elk Grove Promenade. Developed by troubled Chicago based General Growth Properties (GGP), construction of the mall was halted in July, 2008. GGP has sought new investors in what would have been Elk Grove's first large scale shopping center.
6.23 min. | 1.0 user rating
November 1, 2009 - Kahler Hall, Columbia, MD Members of the Howard County Council attended an open forum led by community group The Coalition for Columbia's Downtown, led by spokesperson Alan Klein, to discuss concerns with the Downtown Plan as submitted by General Growth Properties.
2.97 min. | 0 user rating The May issue of REIT magazine is now available in print and online, in time for the upcoming REITWeek 2011: NAREIT's Investor Forum. The issue focuses on "Building a Better Nest Egg" and the key role REITs are playing in new approaches to retirement planning. One such approach is detailed in BYU Professor Craig Israelsen's new book "7Twelve: A Diversified Investment Portfolio with a Plan." Israelsen, interviewed in the magazine's "Capital Markets" column, has identified seven broad asset classes (US equity, non-US equity, real estate, resources, US bonds, non-US bonds and cash) and within those classes are 12 actionable investments (this includes REITs). All 12 of the investment options should be weighted equally in the portfolio, according to Israelsen. Along similar lines, "Retirement 2.0" explores the changing attitudes toward real estate, and particularly REITs, in modern retirement plans. One company that has fully embraced the value of REITs is PIMCO. As part of this article, PIMCO's Stacy Schaus and Bob Greer discussed where REITs fit in amidst the new normal in the defined contribution world. Big changes have been the norm as of late for General Growth Properties (NYSE: GGP). Once a stalwart in the retail REIT landscape, the company fell on hard times amidst the financial crisis. Since then the company has filed for bankruptcy, been in and out of acquisition talks, restructured and brought in new management. Now back on the NYSE, GGP is "Back from <b>...</b>
3.13 min. | 0 user rating
Download at Reggie Middleton is the founder of Boom Bust Blog, one of the most popular financial blogs in the world. Millions of people visit Boom Bust Blog daily for hard-hitting analytical reports and blog posts that give them insight, foreknowledge, and financial truth about what is really happening in the fast-changing world of economics and business. Boom Bust Blog is so spot-on that it has the captive attention of UBS, Citibank, Morgan Stanley, Deloitte, Citadel, central banks (including the European Central Bank and the Central Bank of Canada), the International Monetary Fund (IMF), Hartford, and General Growth Properties. The inner workings of international finance, banking, and business are becoming more and more complex. Reggie Middleton explains them in a way that makes them accessible to anyone who wants to be in front of what's happening before it happens. His understanding of markets, experience of financial analysis, and focus on the fundamentals allows him to see the writing on the wall when others don't. Mr. Middleton called the fall of Bear Stearns, gave advanced warning about Lehman Brothers before anyone saw it coming, the fall of the real estate market, and the collapse of General Growth Properties. In this conversation, we get into his rarefied field of understanding and ask him hard-hitting questions about the state of Europe, China, the US economy, global markets, and mobile computing wars between Apple and Google, and ask him <b>...</b>
78.20 min. | 5.0 user rating
General Motors board of directors gave Chief Executive Fritz Henderson a 100 day review yesterday and concluded he hadn't done enough to fix GM's finances and culture and asked him to step down. General Growth Properties, the second largest US mall owner, and biggest real estate failure in US history, reached agreements with additional lenders to extend loans on its shopping centers and other properties and will ask a judge later this month to approve the plan that so far covers $9.7 billion of its secured debt. Cigarette maker Reynolds American says it is buying a Swedish company whose nicotine gum, pouches and spray help people stop smoking. Analytics firm comScore Inc said US online shoppers spent 5 percent more this Cyber Monday than they did last year as more consumers flocked to the Web for holiday shopping but they spent slightly less per person. The Labor Department reported today that unemployment worsened or stayed the same in most metro areas in October, while a private report by ADP Employer Services showed companies cut more jobs than forecast in November... In a filing with the US Bankruptcy Court, Nokia Siemens Networks objected to Ciena winning an auction for the optical assets of Nortel Networks, and said it would offer $810 million in cash for the assets. Yahoo will let users of its email, photo-sharing and other online products link their content and activities directly into Facebook, the world's No. 1 Internet social network.
1.70 min. | 0 user rating
General Growth Properties (NYSE:GGP) announced Monday that it will pay $230 million to the heirs of Howard Hughes in order to settle their dispute regarding the Summerlin planned community in Las Vegas. GGP announced it will make the payment in exchange for the settlement of all the claims once it has emerged from bankruptcy. Ten million dollars will be dolled out in cash and remaining $220 million may be paid in cash or in shares of GGP common equity, which will be decided by the firm.
0.70 min. | 5.0 user rating
the Wall Street Journal reports...Simon Properties Group's (SPG) David Simon is making Judge Allan Gropper's life difficult. The mall operator he runs Wednesday raised the stakes in the battle for bankrupt rival General Growth Properties (GGP) by effectively matching a bid from Brookfield Asset Management (BAM) and other shareholders. That leaves the judge to decide which bid he prefers, on April 29, to take GGP out of bankruptcy. Simon has the edge on valuation because its offer with hedge fund Paulson & Co. injects the same amount of cash but forgoes warrants sought by the Brookfield consortium. However, it also comes with an added risk: antitrust scrutiny the Wall Street Journal reports...Toyota Motor (TM) said it has started conducting safety tests on all of its sport-utility vehicles sold worldwide after it suspended sales of its Lexus GX 460 model amid concerns that the vehicle could roll over at high speeds the Los Angeles Times reports...Twitter says it's adding 300000 users every day and it now has over 105M registered users, up over 1500% from a year ago Intel (INTC) shares are at a 52-week high. They gained 70c, or 3%, to a recent $23.47, after a stellar Q1 report, but thinks they will rise further.
1.75 min. | 5.0 user rating
4/1/2010-Reuters reported Thursday that General Growth Properties (NYSE:GGP) has filed a plan to exit bankruptcy independently and has laid out bidding procedures. The second-largest US mall owner set a two-round bidding process, with the first-round bids due as soon as April 19. The exit plan calls for Brookfield Asset Management (NYSE:BAM), Fairholme Capital Management and William Ackman's Pershing Square Capital to invest $6.55 billion to bankroll General Growth's exit. The bankrollers will get a majority interest between them in a reorganized entity and warrants to buy another 120 million shares. GGP valued the warrants at $519 million as of March 30.
1.00 min. | 5.0 user rating
Talking about General Growth, the economy, housing and GM
10.43 min. | 5.0 user rating

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GGP reports third quarter 2010 operating results - Computing News Tweet this news
Computing News---General Growth Properties-, the US's second-largest mall owner, announced operating results for the three months ending September 30, 2010. ... - Date : Wed, 03 Nov 2010 13:47:04 GMT+00:00
Earnings roundup: General Growth, Henry Schein - BusinessWeek Tweet this news
BusinessWeek---- -General Growth Properties- Inc. posted a loss for the third quarter due to reorganization expenses as it readies to emerge from bankruptcy protection next ... - Date : Fri, 29 Oct 2010 20:32:06 GMT+00:00
General Growth's Exit From Bankruptcy May Rattle CMBS Market - Wall Street Journal Tweet this news
Wall Street Journal--NEW YORK (Dow Jones)---General Growth Properties-' (-GGP-) exit from bankruptcy on Tuesday will end some, ... - Date : Fri, 05 Nov 2010 22:11:24 GMT+00:00
General Growth Properties Files Amended Plan of Reorganization and Investment ... - MarketWatch (press release) Tweet this news
MarketWatch (press release)---General Growth Properties-, Inc. (NYSE:-GGP-) today announced it has filed an Amended Plan of Reorganization, Disclosure Statement and amended Investment ... - Date : Tue, 03 Aug 2010 03:21:37 GMT+00:00
Bruce Berkowitz Beating Wall Street & Taking Names (C, MBI, AIG, GGP) - Insurance News Net (press release) Tweet this news
Insurance News Net (press release)--Some of its top holdings are AIG (NYSE: AIG), Citigroup (NYSE: C), Bank of America (NYSE: BAC), MBIA (NYSE: MBI), -General Growth Properties- (NYSE: -GGP-), ... - Date : Wed, 04 Aug 2010 17:22:39 GMT+00:00
Blackstone To have its Nominee on GGP's Board - Tweet this news Schreiber of Blackstone Group LP is all set to become a board member of -General Growth Properties-. Pershing Square Capital Management LP will ... - Date : Wed, 04 Aug 2010 18:40:03 GMT+00:00
GGP Changes Bankruptcy Exit Plan - Tweet this news Growth Properties- (-GGP-) has filed an amended reorganization plan to boost its capital structure flexibility and improve investment terms, ... - Date : Wed, 04 Aug 2010 07:39:06 GMT+00:00
General Growth Properties announces plan to file Chapter 11 Plan of Reorganization - Bartlesville Examiner Enterprise Tweet this news
Bartlesville Examiner Enterprise--By EE Staff Report CHICAGO, Ill. � -General Growth Properties- Inc. announced it expects to file its Chapter 11 Plan of Reorganization and accompanying ... - Date : Sun, 04 Jul 2010 04:47:31 GMT+00:00
Land plans signal growth in Summerlin - Las Vegas Sun Tweet this news
Las Vegas Sun--In papers filed last week in Bankruptcy Court in New York, -General Growth Properties- Inc. said it also anticipates selling Summerlin land to a high-tech ... - Date : Mon, 05 Jul 2010 08:38:06 GMT+00:00
General Growth Seeks To Push Hughes' Heirs Below Creditors - Wall Street Journal Tweet this news
Wall Street Journal---General Growth Properties- Inc. (-GGP-) says that any stake the heirs of Howard Hughes have in the mall ... - Date : Wed, 30 Jun 2010 19:01:06 GMT+00:00

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Companies listed above, plus: Hospira * Old Republic International * Nalco Holding Company * Corn Products International * Pactiv * Hyatt Hotels Corp. * Country Financial * General Growth Properties * Hewitt Associates * Unitrin Inc * Nicor * CME Group * CF Industries Holdings * Molex * Jones Lang LaSalle * Packaging Corp. of America * Brookdale Senior Living * Equity Residential * Career Education Corporation * AptarGroup * True Value * Gardner Denver * Arthur J. Gallagher & Co.
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