Press Releases

CHICAGO and NEW YORK, May 16, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) and TIAA-CREF announced today they have formed a partnership to own and operate The Grand Canal Shoppes, including The Shoppes at the Palazzo, located in Las Vegas, Nevada. The Grand Canal Shoppes is located at the heart of the Las Vegas Strip wit...

CHICAGO, May 7, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP, the "Company") today announced that certain funds affiliated with The Blackstone Group have agreed to sell their 23,431,803 shares of common stock, par value $0.01 per share, in an underwritten public offering.  The Company will not receive any proceeds from the sale o...

CHICAGO, April 2, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) ("GGP" or the "Company") today announced that its subsidiary, GGP-TRC, LLC, is calling its 6.75% Notes due November 9, 2015 (the "Notes") for redemption on May 1, 2013 (CUSIP 779278AA8). As of the close of business on April 1, 2013, there was $608,688,000 of Notes ou...

CHICAGO, March 5, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) today announced its Board of Directors declared a quarterly dividend of $0.2125 on its 6.375% Series A Cumulative Redeemable Preferred Stock (NYSE: GGP PrA). This represents a pro-rated initial dividend from the date of original issuance, February 13, 2013, through M...

CHICAGO, Feb. 6, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP, the "Company") today announced that it has priced an underwritten public offering of 10,000,000 shares, or $250 million, of 6.375% Series A Cumulative Redeemable Perpetual Preferred Stock at a price of $25.00 per share, pursuant to an effective registration statement....

CHICAGO, Jan. 28, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP, the "Company") announced today the purchase of warrants held by affiliates of The Blackstone Group ("Blackstone") and Fairholme Funds, Inc. ("Fairholme") for approximately $633 million. The Company will fund the transactions using its available cash resources. ...

CHICAGO, Jan. 22, 2013 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) announced today the tax reporting information for 2012 distributions on its common stock as shown below. Distributions include an allocation of Unrecaptured Section 1250 Gain which is included in the Capital Gain Distribution figures. Distributions also inclu...

CHICAGO, Jan. 3, 2013 /PRNewswire/ -- Brookfield Asset Management Inc. ("Brookfield") has informed General Growth Properties, Inc. ("GGP") that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management, L.P. ("Pershing Square").  The warrants represent the right to acquire 18,432,855 shares of GGP c...

CHICAGO, Dec. 12, 2012 /PRNewswire/ -- Our hearts break for the communities of Clackamas County and greater Portland, Oregon.  We hope you will keep the victims, their families and the entire community in your thoughts and prayers, as they are in ours.  This is a difficult time for the community.   We've seen an outpouring of support from across th...

CHICAGO, Nov. 26, 2012 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) ("GGP") today announced that its Board of Directors declared a cash dividend of $0.11 per share of common stock to be paid on January 4, 2013, to each holder of record at the close of business on December 14, 2012. General Growth Properties, Inc. Gener...