From the New York Post | Commercial real estate firm Vornado Realty Trust may bid for all or part of General Growth Properties Inc., the Chicago-based mall operator in bankruptcy reorganization, sources said.
General Growth, the nation’s No. 2 mall operator, has rejected a $10 billion bid made last month by Simon Propety Group, the nation’s largest mall developer. Last week, General Growth said it agreed to give Canada’s Brookfield Asset Management a 30 percent stake in plan to help it emerge from bankuptcy.
Get the full story: nypost.com
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