About Those Megaprojects…: “Real-estate investment trusts faced more selling…

"Real-estate investment trusts faced more selling pressure Wednesday after another company cut its dividend to save capital and one of the nation's largest mall operators, General Growth Properties Inc., was dropped from the S&P 500 Index after the stock lost virtually all its value." It's a good thing GGP has billions stuffed in a shoebox under its mattress for the South Street Seaport and East 125th Street redevelopment projects. There's a shoebox stuffed with billions, right? [WSJ]For more stories from Curbed, go to curbed.com.

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