The Real Deal New York

General Growth stock jumps

November 26, 2008 11:31AM

General Growth Properties, developer of Pier 17, the South Street
Seaport and a mixed-use Project On East 125th Street, saw its stock
price increase yesterday. The jump was fueled by Pershing Square
Capital’s acquisition of 20 percent of the firm through shares and
swaps. General Growth Properties has been troubled by debt and was dropped from the S&P 500 two weeks ago for its low share price. 

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