Now that Sandeep Mathrani has assumed the post as GGP's new CEO, he plans to further clean out the REIT's portfolio. Mathrani would like GGP to stick with its core mall format and shed the assorted strip centers, power centers and office buildings it still owns, according to the CoStar Group. Mathrani said his goal is to reduce GGP's holdings to 150 properties, principally malls. For more on retail and retail real state follow the links below:
- Walmart Considers Buying Chains with Smaller Stores to Help it Open Sooner in New Format (Star Tribune)
- Safeway Boosts Pace of New Store Openings (Supermarket News)
- Dick's Wants Blackstone Space for First City Spot (The New York Observer)
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