search

The Real Deal Logo

Trending

What’s going on with Ryan Serhant’s Central Park Tower penthouse listing?What’s going on with Ryan Serhant’s Central Park Tower penthouse listing?Elliman broker Tracy Tutor comes forward with Oren Alexander claimElliman broker Tracy Tutor comes forward with Oren Alexander claimJohn Catsimatidis scores $57M loan for Chelsea development John Catsimatidis scores $57M loan for Chelsea development NYCB reports another loss, reveals multifamily painNYCB reports another loss, reveals multifamily pain
New York

Debt could hurt General Growth projects

Sign Up for the undefined Newsletter

General Growth
Properties is $27 billion in debt, which could affect its development
projects like the South Street Seaport and a mixed-use complex in East
Harlem. According to the Wall Street Journal, General Growth’s failure
to refinance or to extend $1 billion in debt due this month could throw
into “substantial doubt” its ability to continue operations. General
Growth owes $900 million on two luxury malls in Las Vegas by November
28, and $50 million in bonds due by December 1.

Recommended For You