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GGP "Continuing its Discussions with Lenders"


General Growth just released a statement on the $900 million Fashion Show and Palazzo mortgage loans that were set to expire on Friday. It has not reached an agreement with lenders yet and is still talking.

The full text of the release:

General Growth Properties, Inc. (NYSE:GGP) 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.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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