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Second largest US mall owner General Growth files bankruptcy

Posted on: April 17th 2009 in Press Releases.

NEW YORK: General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history. Ending months of speculation, General Growth, along with 158 of its 200-plus US malls, filed Chapter 11 while it tries to refin…

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