Dec. 30, 2010 at 5:01 p.m.
Filed under:
Bankruptcy,
Investing,
Retail
By Reuters
Since U.S. mall owner General Growth exited bankruptcy last month, its stock has gotten a nice lift. But shares of its less noticed spin-off, Howard Hughes Corp, have really soared.
Since General Growth issued about $2 billion worth of shares at $14.75 in mid-November, the mall owner’s stock price has grown more than 6 percent — trading around $15.70 on Thursday afternoon. Meanwhile, Howard Hughes’ thinly traded shares have gained nearly a third, or 32.8 percent, in roughly the same period, now trading around $54.45. Get the full story »
Nov. 16, 2010 at 5:32 p.m.
Filed under:
Bankruptcy,
Investing,
Retail
By Reuters
General Growth Properties Inc., which emerged from bankruptcy last week, said it expects to take a $537 million noncash charge in connection with the spinoff of the Howard Hughes Corp. Get the full story »
Sep. 20, 2010 at 6:21 a.m.
Filed under:
Bankruptcy,
Commercial real estate,
Litigation
By Associated Press
General Growth Properties Inc. says it will pay $230 million to some of the heirs of moviemaker and aviation mogul Howard Hughes to settle a dispute over a Las Vegas development. Get the full story »
July 2, 2010 at 1:03 p.m.
Filed under:
Bankruptcy,
Housing,
Real estate
By Dow Jones Newswires
General Growth Properties Inc. is seeking court permission to sell more than 60 acres in Las Vegas’ Summerlin residential development to a pair of home builders for about $38 million, pending higher bids at auction.
The deal will bring in cash that can be used to repay creditors and allow building to resume in the 22,500-acre development northwest of the Las Vegas strip, General Growth said in papers filed Thursday with the U.S. Bankruptcy Court in Manhattan. Get the full story »
