search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudVornado nabs $34M deal at 220 Central Park SouthVornado nabs $34M deal at 220 Central Park South
South Florida

Owner of five area malls may file for bankruptcy

Sign Up for the undefined Newsletter

General Growth Properties, owner of five major shopping
malls in South Florida, may have to file for bankruptcy if it is unable to
refinance or extend payments, due next month, on a $1 billion debt. The
company’s malls include Bayside in Miami, the Village of Merrick Park in Coral
Gables and Mizner Park in Boca Raton. General Growth Properties has another
$3.07 billion in property and corporate debt scheduled to come due next year.