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General Growth Properties, the U.S. mall owner expected to emerge from bankruptcy in early November, reported negative third-quarter funds from operations, taking a hit from reorganization expenses.
Funds from operations for its core mall properties were losses of $29.3 million, or 9 cents a share, compared with a positive $88.9 million, or 28 cents a share a year earlier. Get the full story »
Ford City Mall. (William DeShazer/Chicago Tribune)
By Sandra M. Jones | Sears Holdings Corp. plans to close its Sears store at Ford City Mall in
July, the latest in a string of store closures.
The Sears store was underperforming other stores in the mall, according
to a representative of the Chicago shopping center.
