American retail real estate investment trust headquartered in Chicago, Illinois. General Growth was founded in Iowa by three brothers, Martin, Matthew and Maurice Bucksbaum, in 1954 as General Management. By 1964, the company westroads Forex 5 malls and moved its headquarters to Des Moines, Iowa. In 2000, the company moved its headquarters from Des Moines to Chicago.
900 million in loans backed by two Las Vegas properties, putting the company in danger of filing for bankruptcy protection. In December 2010, CEO Adam Metz and President and COO Thomas Nolan left the company and Sandeep Mathrani, formerly the head of the retail division of Vornado Realty Trust, was named CEO. Rouse Properties was formed in 2011 as a corporate spin-off of General Growth Properties. On January 13, 2012, the company became a public company.
9 billion in cash as well as units in the new company, Brookfield Property REIT. The transaction reunited the malls spun off in the Rouse Properties spinoff with the GGP malls. Martin Bucksbaum, 74, Pioneer In Shopping Center Development”. Obituaries: Martin Bucksbaum, 74, Pioneer In Shopping Center Development”.
Matthew Bucksbaum, 87, pioneer and philanthropist”. General Growth lives up to its name and then some”. Sears Completes Sale of Its Homart Unit”. General Growth founder’s son steps aside as CEO”.
Rouse Company to Be Acquired By Owner of Shopping Centers”. Ackman Raises Stake in General Growth”. General Growth Properties Files for Bankruptcy”. 6B from Brookfield Asset to emerge from bankruptcy”.