Archive for General Growth Properties

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Galleria and Town Center Not Part of General Growth’s Chapter 11 Filing

The Glendale Galleria and the Burbank Town Center are not part of owner General Growth Properties’ April 16, 2009 bankruptcy filing. All General Growth malls will remain open for business.

The Answer to Too Much Debt Is NOT More Debt

Voices in the wilderness keep telling all of us what is really happening and where our Ponzi scheme economy has brought us. But the financial sector keeps asking us to invest more money in this losing scheme. Today’s Wall Street Journal front page says
some of the country’s biggest property developers have become the latest to [...]