All Releases
| 04/29/2010 |
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General Growth Announces Bankruptcy Court Confirmation of the Fashion Show and Palazzo Loan Reorganizations
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CHICAGO, Apr 29, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) announced the Bankruptcy
Court has confirmed plans of reorganization to restructure the Fashion
Show LLC loan ("Fashion Show Loan") and Phase II Mall Subsidiary, LLC
loan ("Palazzo Loan"), the final two major secured mortgage loans in its
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| 04/26/2010 |
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General Growth Properties Confirms Adjournment to May 4 of Hearing on Motion Related to Bidding Process
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CHICAGO, Apr 26, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today confirmed the hearing
to consider the process for securing an emergence transaction for the
Company - previously scheduled for Thursday, April 29, 2010 - will be
adjourned to May 4, 2010. The adjournment will allow the Company to
...
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| 04/19/2010 |
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General Growth Properties Names Sheli Rosenberg as Lead Independent Director
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CHICAGO, Apr 19, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today announced its Board of
Directors has named Sheli Z. Rosenberg as lead director of the Board
effective immediately.
In the position of lead director, Ms. Rosenberg's primary
responsibilities include chairing the meetings of the indepen...
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| 04/14/2010 |
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GGP Issues Statement Regarding Proposal from Simon Property Group
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CHICAGO, Apr 14, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) announced today it has
received a proposal from Simon Property Group, Inc. and Paulson & Co. to
invest in the equity of GGP. GGP said that its Board of Directors,
together with its legal and financial advisors, will study the proposal
...
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| 04/13/2010 |
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General Growth Properties Appoints Sheli Rosenberg to Board of Directors
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CHICAGO, Apr 13, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today announced Sheli Z.
Rosenberg has joined GGP's Board of Directors. She will serve on GGP's
Capital Committee.
Ms. Rosenberg is the former president, chief executive officer and vice
chairwoman of Equity Group Investments, L.L.C., a pri...
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| 03/31/2010 |
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General Growth Properties Files Motion to Seek Approval of Proposed $6.55 Billion Investment from Brookfield, Pershing Square and Fairholme
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CHICAGO, Mar 31, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today announced that it has
filed with the U.S. Bankruptcy Court for the Southern District of New
York definitive documentation related to the previously announced
proposals from Brookfield Asset Management, Pershing Square Capital
M...
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| 03/29/2010 |
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General Growth Properties Appoints Debra Cafaro to Board of Directors
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CHICAGO, Mar 29, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today announced that Debra
A. Cafaro has been named to GGP's Board of Directors. She will serve on
GGP's Capital Committee.
Ms. Cafaro is Chairman, President and Chief Executive Officer of
Chicago-based Ventas, Inc. (NYSE: VTR), an S&P 500 ...
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| 03/27/2010 |
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General Growth Properties Announces American Girl Opening at Park Meadows in Denver
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DENVER, Mar 27, 2010 (BUSINESS WIRE) -- Colorado's first American Girl store opened today to throngs of little
girls at Park Meadows shopping mall in Denver. The Park Meadows location
becomes the eighth American Girl store in the country.
"Considering there are only eight in the country, it's a thrill for any
shopping cente...
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| 03/19/2010 |
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Glenn J. Rufrano Steps Down from General Growth Properties Board of Directors Due to His New Position with Cushman & Wakefield
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CHICAGO, Mar 19, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) ("GGP") today announced
Glenn J. Rufrano has resigned from the company's Board of Directors
effective today. Mr. Rufrano was recently appointed president and chief
executive officer of Cushman & Wakefield Inc., which is a provider of
...
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| 03/11/2010 |
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General Growth Properties, Inc. Leads the Industry in Marketing Awards Excellence
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CHICAGO, Mar 11, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc., (NYSE: GGP) owner/developer of
shopping centers worldwide and premier entertainment venues, recently
received industry recognition for its continued excellence in marketing
its diverse portfolio of properties. Garnering more awards than any
oth...
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| 03/08/2010 |
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General Growth Properties Receives Proposal for $3.925 Billion in New Equity Capital from Fairholme Capital Management and Pershing Square Capital Management
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CHICAGO, Mar 08, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (NYSE: GGP) today announced that it has
received a proposal from Fairholme Capital Management, LLC, one of its
largest unsecured creditors, and Pershing Square Capital Management, one
of GGP's largest equity holders and a significant unsecured creditor,...
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| 03/05/2010 |
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General Growth Properties, Inc. Shares to Commence Trading on the New York Stock Exchange
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CHICAGO, Mar 05, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (GGP) announced that shares of its
common stock will resume trading today on the New York Stock Exchange
(NYSE) under the ticker symbol "GGP."
"We are very pleased to again be listed on the world's largest and most
liquid trading market," said Adam Met...
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| 03/03/2010 |
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General Growth Properties Granted Extension of Exclusivity Period to File a Plan of Reorganization
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CHICAGO, Mar 03, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP") today announced the Bankruptcy
Court has approved an extension of the exclusivity period during which
GGP has the right to file a plan of reorganization through July 15,
2010, and an extension of the period to solicit acceptances of a plan of
...
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| 03/02/2010 |
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General Growth Properties, Inc. Plans to List Shares on the New York Stock Exchange
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CHICAGO, Mar 02, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP") announced today that it has
filed an application to list its common stock on the New York Stock
Exchange ("NYSE"). GGP expects the shares of its common stock to begin
trading on the NYSE on March 5, 2010, under the symbol "GGP." Until that
...
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| 03/01/2010 |
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General Growth Properties, Inc. Reports Fourth Quarter and Full-Year 2009 Results of Operations
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CHICAGO, Mar 01, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. (the Company or GGP) today announced its
operating results for the three and 12 months ending December 31, 2009.
"The operating results we reported today demonstrate we are successfully
executing our business strategy to create long-term value for our
...
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| 02/24/2010 |
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General Growth Properties Announces $2.625 Billion Proposed Equity Commitment from Brookfield Asset Management
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CHICAGO, Feb 24, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP") today announced that it has
reached an agreement in principle with Brookfield Asset Management Inc.,
one of the world's largest real estate investors and asset managers, to
invest in a proposed recapitalization of GGP at a plan value of $15.00
...
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| 02/18/2010 |
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General Growth Properties Responds to Simon Property Group Letter Received February 17
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CHICAGO, Feb 18, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP") today sent the following letter
to David Simon, chairman and CEO of Simon Property Group, Inc. in
response to Simon's letter of February 17, 2010.
The full text of GGP's letter to Simon follows:
February 18, 2010
Mr. David Simon, Chairman of the Boar...
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| 02/16/2010 |
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General Growth Properties Responds to Simon Property Group and Reaffirms Bankruptcy Emergence Process
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CHICAGO, Feb 16, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP" or the "Company") today sent a
letter to Simon Property Group, Inc. in response to Simon's unsolicited
indication of interest to acquire GGP.
In the letter, the Company reiterates its process for exploring all
potential alternatives for emergenc...
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| 02/03/2010 |
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General Growth Properties Announces Approved Master Plan for Downtown Columbia, Maryland
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CHICAGO, Feb 03, 2010 (BUSINESS WIRE) -- By unanimous vote and following one of the most extensive community
processes ever carried out by a development firm, the County Council in
Howard County, Md., Monday approved a 30-year master plan for downtown
Columbia. The legislation creates one of the largest long-term
dev...
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| 02/02/2010 |
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General Growth Properties, Inc. Announces IPO of Brazilian Joint Venture
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CHICAGO, Feb 02, 2010 (BUSINESS WIRE) -- General Growth Properties, Inc. ("GGP") today announced Aliansce
Shopping Centers S.A. ("Aliansce") has completed an initial public
offering of Aliansce's common shares on the Brazilian Stock Exchange, or
BM&FBovespa. GGP did not sell any of its Aliansce shares in the offering
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