search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
South Florida

Mall landlord gets credit downgrade

Sign Up for the undefined Newsletter

Fitch Ratings cut its credit rating for General Growth Properties, which owns several South Florida malls. The ratings agency warned a default could be imminent. In mid-November, General Growth said it might seek bankruptcy protection from its creditors as it tries to refinance its debt. Among the 200 properties it owns are Bayside Marketplace in Miami, Village of Merrick Park in Coral Gables, Pembroke Lakes Mall in Pembroke Pines and Mizner Park in Boca Raton.