Redlands Mall Operator Hopes to Exit Bankruptcy

Summary


Redlands Mall owner General Growth Properties announced filing a debt reorganization plan on Wednesday.

If approved, the plan, which restructures $9.7 billion in secured mortgage loans, could get about half of the company's properties out of bankruptcy before the end of 2009.

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Extract


Redlands Mall Operator Hopes to Exit Bankruptcy

The nation's second-largest mall operator will pay off loans that cover regional shopping centers, offices, community cent...

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