The Real Deal Miami

General Growth hires Vornado exec as CEO

October 29, 2010 02:15PM

Mizner Park in Boca Raton

General Growth Properties, the shopping mall company behind Boca Raton’s Mizner Park that is planning to exit bankruptcy in November, has hired Vornado Realty Trust’s Sandeep Mathrani as CEO, the company announced. Mathrani, 48, has been executive vice president in Vornado’s retail division for more than eight years. Before joining Vornado in 2002, Mathrani was an executive vice president of Forest City Ratner. He will take on the CEO role at General Growth at the beginning of the year, succeeding Adam Metz, who held the position since October 2008. General Growth, the second largest U.S. shopping mall owner, won court approval this month for the last stage of its restructuring, a year and a half after filing the biggest real estate bankruptcy in U.S. history when it was unable to refinance its debt. [Daily Herald]