Pink Sheets: General Growth Properties Inc. (GGWPQ) financial news, and detailed stock charts
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General Growth Properties Inc. (GGWPQ/GGWPQ.PK) Penny Stock Summary:
General Growth Properties, Inc. operates as a self-administered and self-managed real estate investment trust. It operates through two segments, Retail and Other, and Master Planned Communities. The Retail and Other segment operates, develops, and manages retail and other rental properties, primarily shopping centers in the United States, as well as festival market places, urban mixed-use centers, and strip/community centers. This segment also owns non-controlling interests in various international joint ventures in Brazil, Turkey, and Costa Rica. As of December 31, 2007, it had ownership interest in or management responsibility for a portfolio of approximately 200 regional shopping malls in 45 states. The Master Planned Communities segment develops and sells land, primarily in large-scale, long-term community development projects in Columbia, Maryland; Summerlin, Nevada; and Houston, Texas. The company qualifies as a real estate investment trust for federal income tax purposes. It would not be subject to federal corporate income taxes, provided it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1986 and is based in Chicago, Illinois. On April 16, 2009, General Growth Properties Inc along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York.Pink Sheets: Archieved Financial News About General Growth Properties Inc.
Lessons From Pershing Square's Ackman
2010-03-04 04:50:25
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Eric Jackson, Senior Contributor ,Commentary
Quote: If you're not familiar with this activist investor you should be, because his investment approach offers some valuable lessons.Ackman's been in the news a lot over the past year or so.He took a long position in General Growth PropertiesGGWPQ.PK Quote) in November 2008 and then watched the stock go from 35 cents to more than $13. The company is now the subject of a bidding war between Simon PropertySPG Quote), Brookfield Asset ManagementBAM Quote) and possibly Westfield and Vornado Realty TrustVR...Read article
GENERAL GROWTH PROPERTIES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
2010-03-04 04:50:25
Quote: ITEM 7.01 REGULATION FD DISCLOSURE.
As previously reported, commencing on April 16, 2009, General Growth Properties,
Inc. (the "Company") and certain of the Company's domestic subsidiaries
(collectively, the "Debtors") filed voluntary petitions for relief under
Chapter 11 of Title 11 of the United States Code ("Chapter 11") in the United
States Bankruptcy Court for the Southern District of New York (the "Bankruptcy
Court").
On March 2, 2010, the Debtors...Read article
Simon Issues Statement on Shortened Extension of General Growth's Exclusivity Period
2010-03-04 04:50:24
Quote: Read article
General Growth opens its books to suitors
2010-03-04 04:50:24
Quote: By Ilaina Jonas and Paritosh BansalNEW YORK (Reuters) - Bankrupt General Growth Properties Inc said on Wednesday it had opened its books to Simon Property Group and others, even as it sought court approval for more time for the exclusive right to file an exit plan.SPGNewsGGWPQ.PKNews) for $10 billion, under a plan that has drawn the support of GGP's unsecured creditors.BAMA.TONews) to emerge from bankruptcy as a stand-alone entity.General Growth's chief operating officer, Thomas Nolan, said at a...Read article
General Growth Properties Granted Extension of Exclusivity Period to File a Plan of Reorganization
2010-03-04 04:50:23
Quote: CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. ("GGP") today announced the BankruptcyCourt has approved an extension of the exclusivity period during whichGGP has the right to file a plan of reorganization through July 15,2010, and an extension of the period to solicit acceptances of a plan ofreorganization through September 15, 2010. During the exclusivityperiod, no other party is permitted to file a competing plan ofreorganization.“We are pleased with the Bankruptcy Court's de...Read article
UPDATE - General Growth wins nearly 5-month extension
2010-03-04 04:50:23
Keywords: Major Breaking News,Financials,United States of America,Real estate (industry),Construction and engineering (industry),Canada,REIT - residential and commercial,Mergers and Acquisitions (including Changes of Ownership),Bankruptcy proceedings,Debt,U.S. corp
Quote: Read article
General Growth reorganization deadline extended
2010-03-04 04:50:22
Keywords: , GGWPQ, General Growth Properties Inc, BAM, Brookfield Asset Management Inc., WDC, Westfield Group, WEFIF, Westfield Group, SPG, Simon Property Group Inc
Quote: LOS ANGELES (MarketWatch) -- General Growth Properties, Inc./quotes/comstock/11i!ggwpq(GGWPQ13.49,+0.28,+2.12%) said Thursday that a bankruptcy court has extended the period during which it can file a plan of reorganization until July 15. A number of companies are reportedly interested in buying the bankrupt mall operator, including Canada's Brookfield Asset Management Inc./quotes/comstock/13*!bam/quotes/nls/bam(BAM24.04,+0.08,+0.33%) and Westfield Group Australia/quotes/comstock/22x!e:wdc(AU:WD...Read article
Bankruptcy court gives General Growth more time
2010-03-04 04:50:22
Quote: LOS ANGELES (AP) -- Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy and weigh buyout offers.U.S. Bankruptcy Judge Allan Gropper in New York on Wednesday extended the period of time the company has to exclusively file a reorganization plan through July 15, about six weeks less than the company had initially asked for.Still, CEO Adam Metz said he is pleased with the decision and noted that the abreviated period won't ...Read article
General Growth seeks return to NYSE listing
2010-03-03 02:04:26
Quote: General Growth Properties Inc. has applied to relist its shares on the New York Stock Exchange, nearly a year after mounting debts forced the nation’s second-largest mall owner into bankruptcy.The Chicago real estate investment trust, which owns the Gallery and Harborplace in downtown Baltimore, said Tuesday it believes it has met the standards to be traded on the NYSE under its old ticker symbol, GGP.“We are pleased to again be eligible for listing on the New York Stock Exchange,&rd...Read article
General Growth Properties, Inc. Plans to List Shares on the New York Stock Exchange
2010-03-03 02:04:26
Quote: CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (“GGPâ€) announced today that it hasfiled an application to list its common stock on the New York StockExchange (“NYSEâ€). GGP expects the shares of its common stock to begintrading on the NYSE on March 5, 2010, under the symbol “GGP.†Until thattime, GGP’s common stock will continue to trade in the over-the-countersecurities market operated by Pink OTC Markets under the symbol “GGWPQ.â€...Read article
UPDATE - Simon says General Growth has not shared any data
2010-03-03 02:04:25
Keywords: Real estate (industry),Financials,United States of America,Mortgage-backed securities,Debt,Mergers and Acquisitions (including Changes of Ownership),Bankruptcy proceedings,Financial service providers,Real estate,REIT - residential and commercial,Contract
Quote: Read article
General Growth creditors, Simon attack Ackman
2010-03-03 02:04:24
Keywords: Financials,United States of America,Real estate (industry),Construction and engineering (industry),Canada,REIT - residential and commercial,Bankruptcy proceedings,Mergers and Acquisitions (including Changes of Ownership),Debt,U.S. corporate debt,Legislati
Quote: WRAPUP 1-General Growth creditors, Simon attack Ackman
* Simon and creditors question Ackman's role * Expectation judge will extend exclusivity -source * Creditors say no more than 45 days appropriate * Simon says still waiting for GGP data for diligenceParitosh BansalIlaina Jonas NEW YORK, March 2 (Reuters) - General Growth Properties Inc's
(GGWPQ.PK) unsecured creditors and suitor Simon Property Group
(SPG.N) on Tuesday criticized William Ackman's role in the mall
owner's restructuring plan, ...Read article
UPDATE - Brookfield to issue C$300 mln medium term notes
2010-03-03 02:04:23
Keywords: Construction and engineering (industry),Canada,Financials,United States of America,
Quote: Brookfield has proposed a $2.63 billion plan to take a 30
percent stake in General Growth Properties (GGWPQ.PK) that
would help the No. 2 U.S. mall owner to restructure and emerge
from bankruptcy on a standalone basis. Brookfield, focused on property, power and infrastructure
assets, has more than $100 billion of assets under management. ($1=$1.03 Canadian)(Reporting Pav Jordan)......Read article
General Growth Eyes Return To Big Board
2010-03-03 02:04:22
Keywords: U.S. Markets, U.S. Equities, Shopping malls, REITs, Planned community developments, Commercial office buildings, Real Estate, Bankruptcy, Credit crisis, Economy, Retail
Quote: del.icio.usDigg It!yahooFacebookTwitterRedditrssAfter refusing an unsolicited $10 billion takeover offer from rival Simon Property Group(SPG -news-people) last month, General Growth Properties(GGWPQ -news-people) inked a deal with Toronto-based Brookfield Asset Management to help lift it from Chapter 11 bankruptcy protection. (See "Simon Eyes Another Acquisition.")News of the potential re-listing sent General Growth's pink sheet-traded stock up 1.2% to close at $13.21 on Tuesday."We are pleased ...Read article
PREVIEW-UPDATE - Judge could tip General Growth's future
2010-03-03 02:04:22
Keywords: Curtain raiser and preview stories,Major Breaking News,U.S. corporate debt,Debt,Canada,Financials,Australia,Asia,Mergers and Acquisitions (including Changes of Ownership),Real estate (industry),United States of America,Bankruptcy proceedings,REIT - reside
Quote: General Growth Properties Inc (GGWPQ.PK) will ask Judge
Allan Gropper of the federal bankruptcy court in Manhattan to
give it six more months to be the only party that can present a
plan to emerge from bankruptcy. It expects to file the plan by
the end of June and have it confirmed by Oct. 5, according to
court filings. On the other side are Simon Property Group Inc (SPG.N),
which wants to buy General Growth, and the official committee
of unsecured creditors. The unsecured creditors committee ca...Read article
General Growth Properties, Inc. Reports Fourth Quarter and Full-Year 2009 Results of Operations
2010-03-02 02:15:45
Quote: CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (the Company or GGP) today announced itsoperating results for the three and 12 months ending December 31, 2009.“The operating results we reported today demonstrate we are successfullyexecuting our business strategy to create long-term value for ourstakeholders,†said Adam Metz, chief executive officer of General GrowthProperties. â€Our operational focus continues to be providing the bestconsumer experience in our malls by...Read article
UPDATE - General Growth 4th-quarter FFO turns negative
2010-03-02 02:15:41
Keywords: Financials,United States of America,Real estate (industry),Construction and engineering (industry),Canada,Bankruptcy proceedings,Mergers and Acquisitions (including Changes of Ownership),Debt,REIT - residential and commercial,Business activities,Contract
Quote: UPDATE 2-General Growth 4th-quarter FFO turns negative
* Posts core FFO loss of $416.9 mln or $1.30 share * Compares with year-ago gain $224.4 mln or 70 cts/share * Working on restructuring $2.5 bln remaining mortgages * General Growth shares close down 0.5 pct(Recasts first sentence, adds comparison with Simon, stock
price, other details) NEW YORK, March 1 (Reuters) - General Growth Properties
(GGWPQ.PK) said on Monday its occupancy decline has begun to
stabilize but the cash it generates from...Read article
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