General Growth Properties CEO replaced

October 27, 2008 05:13PM

General Growth Properties has announced that it will replace its CEO, John Bucksbaum, and its president, Robert Michaels, in an attempt to help the company deal with $27 billion in debt. The interim CEO will be Adam Metz and the interim president will be Thomas Nolan Jr. In New York City, the company is redeveloping South Street Seaport and will be part of the team building a 1.7 million-square-foot, mixed-use complex on East 125th Street.

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