Foreclosure at the Mall: General Growth Files for Chapter 11

Forget those 50 percent off signs. A trip to your local mall these days might reveal a new sign in the window of your favorite retailer: "Going Out of Business." That means big trouble for mall owners already struggling to survive. As individual store owners struggle to stay afloat, mall operators facing ever-mounting debt are fighting a similar battle. Have you been fired in a cruel or unusual way? Tell ABC News General Growth Properties Inc., the nation's second-largest mall operator,...Full Story
Commenting on this article is closed.