General Growth Properties has received offers of nearly $400 million
for some of its properties, including New York City’s South Street
Seaport. The mall owner faces bankruptcy and put the South Street Seaport property,
along with Boston’s Faneuil Hall and the Harborplace & the Gallery in
Baltimore, on the market in December. The company received more than
10 bids and has not yet decided whether the sell the properties
together or individually. The company has $1.18 billion in overdue
debt. In Florida, General Growth also recently put Miami’s Bayside Marketplace on the market.