General Growth Properties, which is set to exit bankruptcy within the next two weeks, appears to have found a new CEO to helm the reorganized company. The REIT is said to have reached a preliminary agreement with Sandeep Mathrani, currently an executive at Vornado Realty Trust. For more stories on retail and retail real estate, follow the links below:
- Markets Smell Recovery as Consumers Drive Retail Sales (Bloomberg)
- European Retail Property Investment Rises 72% in Third Quarter (Bloomberg)
- Deutsche Bank Sells $856.6 Million in Bonds Tied to Commercial Properties (Bloomberg)
- Stanley Tanger, outlet industry pioneer, dies (News & Record)
- The New REIT Choices (SmartMoney.com)
- Aeropostale Takes Over Times Square (The Street.com)
- AIA: Architecture Billings Index Shows Expansion, first time since Jan. 2008 (Calculated Risk)
- Filene's Site has Buyers Lining Up (The Boston Globe)
- Neiman Marcus to Open New Bargain Outlets (The New York Times)
- Developer Told to Improve Unfinished Trinity Shopping Center or Risk Demolition (Tampa Bay.com)
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