General Growth's Lack Of: More now on the grim financial... - NBC New York

General Growth's Lack Of: More now on the grim financial...

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    General Growth's Lack Of: More now on the grim financial...

    More now on the grim financial news surrounding General Growth Properties, the mall developer attempting to redevelop the South Street Seaport and build a massive mixed-use project on East 125th Street (right): "Among other debt coming due, General Growth owes by Nov. 28 $900 million on two luxury malls in Las Vegas. It's trying to sell both, plus a third on the Strip. It also has $50 million in bonds coming due by Dec. 1. And it risks being delisted from the New York Stock Exchange because of a consistently low share price." [WSJ via TRE]

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