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Brian Louis

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Gen. Growth CEO’s compensation surges fivefold to $22 million

CHICAGO – General Growth Properties Inc. CEO Sandeep Mathrani’s compensation surged more than fivefold to $22.1 million last year, boosted by the value of...

Ackman sells Gen. Growth shares to exit holding in mall owner

CHICAGO – Bill Ackman sold all of his shares in General Growth Properties Inc., the second-largest U.S. shopping-mall owner, marking the end of one...

Mall owners go from first to last as spending slows

CHICAGO - Mall owners, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities...

REITs gain 26% ditching failing shopping malls: mortgages

CHICAGO - Mall owners including Simon Property Group Inc. and General Growth Properties Inc., the biggest in the United States, are signaling they’re moving...

General Growth projects 2012 increase in FFO as occupancy rises

CHICAGO - General Growth Properties Inc., the second-largest U.S. mall owner and the parent company of Providence Place, said that its funds from operations...

General Growth hires Equity LifeStyle’s Berman as finance chief

CHICAG0 - General Growth Properties Inc., the second-largest U.S. mall landlord and the parent company of Providence Place, has named Michael Berman its chief...

Retail space availability in U.S. to fall next year, CBRE says

CHICAGO - Space available for leasing at U.S. local shopping centers will decline next year for the first time since 2005 as a growing...

General Growth third-quarter FFO rises as tenant sales gain

NEW YORK - General Growth Properties Inc., the second-biggest U.S. shopping-mall owner, said funds from operations excluding some items rose 0.4 percent in the...

Providence Place owner reports lower FFO, plans spinoff

CHICAGO - General Growth Properties Inc., the owner of Providence Place, reported a decline in second-quarter funds from operations and said it plans to...

Borders liquidation adds to headwinds facing retail real estate

CHICAGO - Borders Group Inc.’s proposed liquidation, which will affect three stores in Rhode Island, will increase available U.S. retail space by about 6.3...
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