TITLE

General Growth gets debt extension

AUTHOR(S)
Spillman, Benjamin
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/8/2008, Vol. 25 Issue 49, pP14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that General Growth Properties has secured a two-week extension on $900 million in loans it owes on Fashion Show mall and Shoppes at Palazzo in Las Vegas, Nevada. General Growth, which is considered the second largest real estate investment trust (REIT) in the U.S. has seen its stock fall from over $50 per share to less than $1 after investors lost confidence in the company's ability to repay several billion dollars in debt.
ACCESSION #
35752624

 

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