Thursday, April 16, 2009

Brass Mill Center owner, General Growth, files Chapter 11

The Rep-Am is reporting this Bloomberg News story:

General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history after amassing $27 billion in debt as it became the second-largest U.S. shopping mall owner.

The mall owner will continue operating its more than 200 properties, including Brass Mill Center in Waterbury, South Street Seaport in Manhattan and Boston’s Faneuil Hall, after it sought Chapter 11 protection in U.S. Bankruptcy Court in New York.

Tim White


Anonymous said...

W&S will most likely follow and would be a plus.

Robert DeVylder Jr said...

Actually, W&S would use this to their advantage to draw tenants to their development. They probably already made offers

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