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General Growth Properties

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General Growth looking at urban retail property: CEO

Mall owner General Growth Properties Inc is considering buying urban retail property, but the real estate would have to be of the highest quality and be big enough to attract the type of luxury tenants that occupy the company's top malls, Chief Executive Sandeep Mathrani said on Thursday.General Growth may be interested in one or two city properties in the United States that could meet that criteria, should they come up for sale, Mathrani said.But he also said at the National Association of Real Estate Investment Trust's Investor Forum in Chicago, "We're not starting a business to buy street retail."Last month, Reuters reported that General Growth was partnering with Brookfield Office Properties Inc to bid for 650 Madison Avenue in Manhattan, an office building with about 75,000 square feet of street-level retail space. They lost out to New York-based Crown Acquisitions and Highgate, which agreed to buy the building for $1.29 billion.Mathrani also said the recent rise in interest rates...

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  1. Pershing Square to Take 'Passive Shareholder' Role in General Growth

    Pershing Square Capital Management LP agreed to sell $271.9 million in General Growth Properties Inc. (GGP) warrants to Brookfield Asset Management Inc. (BAM, BAM.A....

  2. Brazil's Aliansce Shopping Centers Seeks up to $200 Million in Share Sale

    Brazilian shopping-center operator Aliansce Shopping Centers SA (ALSC3.BR) is planning a share sale that could raise up to 420.6 million Brazilian reais ($200 millio...

  3. Brazil Aliansce Shopping Centers Seeks to Raise BRL500 Million From Shares Sale

    Brazil's shopping-center operator Aliansce Shopping Centers SA (ALSC3.BR) said Wednesday that it is planning to raise around 500 million Brazilian reais ($246.3 mill...

  4. U.S. strip mall recovery stalls in the third quarter

    The nascent recovery at U.S. strip malls stalled in the third quarter as retail sales struggled. But large regional malls continued to rebound, driven by top-quality...

  5. General Growth Properties , Cliffs Natural Resources Among Stocks Down on High Volume Friday

    A few stocks are down on high volume today:After trading at a volume of 20.4 million, or 2.7 its average daily volume, (NYSE:GGP) saw its price drop. Closing at $19....

  6. Ackman's Pershing Square Pushes General Growth Sale

    Pershing Square Capital Management LP, the hedge-fund firm run by activist shareholder William Ackman, on Thursday sent a letter to General Growth Properties Inc. (G...

  7. Services Sector Wrap

    During trading today, the Services sector (IYC) showed little change while the S&P 500 fell 0.8%.Although it moved in the opposite direction of the market, the ETF t...

  8. General Growth Properties , Barrick Gold Corporation Among Stocks Up on High Volume Thursday

    These are the stocks that are up on above-average volume today:General Growth Properties (NYSE:GGP) saw its price climb on above-normal volume, as 43.6 million share...

  9. General Growth Properties , Mentor Graphics, Other Stocks Hit 52-Week Highs Thursday

    These stocks set one-year highs:While trading on above-average volume, General Growth Properties (NYSE:GGP) climbed today, reaching and then surpassing its previous ...

  10. Ackman Fund Pushes General Growth Toward Sale

    Pershing Square Capital Management LP, the hedge-fund firm run by activist shareholder William Ackman, on Thursday sent a letter to General Growth Properties Inc. (G...

  11. U.S. STOCKS VIEW: Where To Invest as You Whistle Past Wall Street

    It was a shot that hurt around the world.In August 2007, France's biggest bank froze withdrawals from three of its investment funds, blaming the "complete evaporatio...

  12. Marvell Technology Group, Ares Capital Corporation Among Stocks Down on High Volume Friday

    These stocks are down on high volume today:Trading at a volume of 30.7 million, or 3.1 times its average daily volume, Marvell Technology Group (NASDAQ:MRVL) is down...

  1. U.S. Stocks Seen Down after S&P Hits New High

    From MARKET TALK:0848 GMT [Dow Jones] US stocks are set for a weaker start Tuesday after the S&P 500 recorded a new all-time closing high in the previous session, sa...

  2. General Growth 1st-Quarter Loss Narrows on Lower Liability Adjustments, Debt-Extinguishment Gain

    General Growth Properties Inc.'s (GGP) first-quarter loss narrowed as the mall landlord posted lower warrant liability adjustments and a gain on the extinguishment o...

  3. Simon Property Results Speed Past Wall Street Estimates

    Simon Property Group Inc said a key earnings measure rose 14.4% in the first quarter, helped by higher rents and sales at its malls and outlet centers, prompting the...

  4. Fisker mulls bankruptcy as investor search persists: sources

    Fisker Automotive, the U.S.-backed maker of luxury plug-in hybrid sports cars, has hired law firm Kirkland & Ellis to advise it on a possible bankruptcy filing, a so...

  5. Pershing Square's Bill Ackman has a two aspirin kind of day

    Noted stock picker William Ackman had a decidedly gloomy day on Thursday: Two of his most high-profile bets were moving fast, but in the wrong direction for the hedg...

  6. General Growth Swings to 4th-Quarter Profit, FFO Improves

    General Growth Properties Inc. (GGP) swung to a fourth-quarter profit as the mall landlord recorded a smaller accounting adjustment for outstanding warrants in the l...

  7. General Growth Buys Warrants from Blackstone, Fairholme for $633 Million

    General Growth Properties Inc. (GGP) has purchased warrants held by the Blackstone Group and Fairholme Funds Inc. for about $633 million, making Brookfield Asset Man...

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