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Saturday, April 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mall Operator Files for Bankruptcy

MANHATTAN (CN) - General Growth Properties, the second-biggest mall operator in the nation, has filed for bankruptcy, listing more than $25 billion in debt. The company was whacked by the recession, which cost it retail tenants in the more than 200 malls it operates in 44 states. More than 7% of mall spaces are vacant nationwide.

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