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| General Growth does not agree with lenders General Growth Properties, Inc. announced that it has not reached unanimous agreement with its syndicate of lenders to further extend the maturity date on the $900 million Fashion Show and Palazzo mortgage loans. The company is continuing its discussions with lenders regarding its loans. General Growth is a U.S. based, publicly traded Real Estate Investment Trust. The company currently has an ownership interest in or management responsibility for a portfolio of more than 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The company portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol "GGP". write your comments about the article :: © 2008 Construction News :: home page |