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SeekingAlpha.com (Free subscription) | yesterday
Brian McMorris submits: All good things must come to an end. In the case of my ownership of General Growth Properties stock (GGP was its ticker before bankruptcy filing), the end is near. Why? Anyone following GGP will already know this, but just in case you don't, the price per share moved from $4 to $7 in a matter of a couple weeks. This move, and the reasons for it, mean it is now time to part...
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Financial Times (Free subscription) | yesterday
Hedge funds and other investors now stand to make billions of dollars from their holdings in bankrupt US mall owner General Growth Properties, underscoring the extent of the recent rebound in financial markets
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Stock Market Analysis (Free subscription) | yesterday
The following is a list of the Most Popular OTC , OTCBB, Pink Sheets Stocks going into November 24, 2009. Topping the list today is BizAuctions, Inc. This list shows you which stocks traders and investors consider " Hot " which makes for great trading. These are the stocks that I will be monitoring today and tomorrow for daytrading opportunities.This list is my favorite way to track potential...
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The Business Insider (Free subscription) | 20/11/2009
Stuart Saft, a partner at Dewey & LeBoef, argues over at Forbes (via SquareFeet )that judges are exacerbating the pain in commercial real estate. In the last few weeks there have been a series of court decisions that will have repercussions in the credit markets for years to come making an already cautious lending community absolutely paranoid, and restricting credit even if available. In Syracuse,...
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Seattle Times (Free subscription) | 20/11/2009
Mall operator General Growth Properties, which filed the largest U.S. real-estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping-mall mortgage loans.
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Washington Post (Free subscription) | 20/11/2009
Mall operator General Growth Properties, which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday that its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.
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Boston Globe (Free subscription) | 20/11/2009
General Growth Properties Inc., the bankrupt owner of most of the region's malls, said Thursday that it has come to an agreement with its creditors to restructure $8.9 billion in debt on 70 loans in a move that could enable those properties to emerge from bankruptcy by the end of the year.
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Tales Of Two Cities (Free subscription) | 20/11/2009
According to this story by Daniel Sernovitz in the Baltimore Business Journal , General Growth Properties may emerge from bankruptcy protection much sooner than expected. “The Chicago mall owner told U.S. Bankruptcy Court in New York its reached deals to extend its average loan terms on that debt by an average of 6.4 years and will not have any maturing debt until 2014.” This is huge. GGP...
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The Pacific Business News (Free subscription) | 19/11/2009
General Growth Properties Inc. said Thursday it has reached agreements to restructure about $9 billion in debt, enabling 170 of its corporate entities to emerge from bankruptcy protection by the end of the year.
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The Orlando Business Journal (Free subscription) | 19/11/2009
General Growth Properties Inc. said Thursday it has reached agreements to restructure about $8.9 million in debt, enabling 170 of its corporate entities to emerge from bankruptcy protection by the end of the year.
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The Business Courier of Cincinnati (Free subscription) | 19/11/2009
General Growth Properties Inc. said Thursday it has reached agreements to restructure about $8.9 million in debt, enabling 170 of its corporate entities to emerge from bankruptcy protection by the end of the year.
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The Wichita Business Journal (Free subscription) | 19/11/2009
General Growth Properties Inc. said Thursday it has reached agreements to restructure about $8.9 million in debt, enabling 170 of its corporate entities to emerge from bankruptcy protection by the end of the year.
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DealBook (Free subscription) | 19/11/2009
General Growth Properties, the giant mall operator that filed for bankruptcy in April, said Thursday it had reached an agreement with its lenders to extend loan maturities on 70 loans and, in turn, those lenders would get all their money back.