General Growth Properties Goes Bankrupt

In news that may or may not be shocking, depending on your point of view, Chicago mall owner General Growth Properties has gone bankrupt. You can read the official press release here . General Growth, from its squat ugly building on Wacker Drive , ran a retailing empire, including some of the most high-end shopping centers in America.  Around these parts, it is best known for Water Tower Place , though it also owns the Lincolnshire...

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