Mall Giant General Growth Properties Files for Bankruptcy

Posted on 16. Apr, 2009 by Gouda in Business, Dis & Dat, News

  General Growth Properties filed for Chapter 11 bankruptcy protection today.  The company owns over 200 regional malls and other various development properties across the US.  The malls they operate will remain open for the time being. The company reported a debt of over $25 billion dollars last September, and it’s share price has dropped 97% [...]