Vornado may bid for General Growth

Posted March 3, 2010 at 7:47 a.m.

From the New York Post | Commercial real estate firm Vornado Realty Trust may bid for all or part of General Growth Properties Inc., the Chicago-based mall operator in bankruptcy reorganization, sources said.

General Growth, the nation’s No. 2 mall operator, has rejected a $10 billion bid made last month by Simon Propety Group, the nation’s largest mall developer. Last week, General Growth said it agreed to give Canada’s Brookfield Asset Management a 30 percent stake in plan to help it emerge from bankuptcy.
 
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One comment:

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