Monday, March 30, 2009

Chicago-Based Mall Developer is $30B in Debt

The Washington Post has details on how General Growth is trying to avoid bankruptcy. The paper notes that if the company fails -- and it seems almost impossible that it won't -- it "would be among the largest real estate downfalls in U.S. history."

The developer has malls in almost every state and has been in business for half a century.

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2 Comments:

Blogger 'DJ' Brian said...

The first article that broke this story was from the Chicago Tribune, in which I was quoted.

http://www.chicagotribune.com/business/columnists/chi-fri-burns-general-growth-mar20,0,5951581.column

Monday, March 30, 2009 11:02:00 AM  
Blogger Alan David Doane said...

That's http://www.chicagotribune.com/business/columnists/chi-fri-burns-general-growth-mar20,0,5951581.column!

Wednesday, April 01, 2009 4:12:00 PM  

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