by Scott Prater Published: December 11,2009
Tags: Chapel Hills Mall
General Growth Properties, a publicly traded real estate investment trust that owns and operates Chapel Hills Mall, is accelerating its plan to emerge from bankruptcy protection by forging agreements with lenders on about $9.7 billion in outstanding mortgage loans. Chapel Hills Mall General Manager David Moss said the move is a precursor to the company’s [...] [...]
by Associated Press Published: August 6,2009
NEW YORK (AP) – Shoppers, worried about job security and finding fewer options among the sales bins, remained tight-fisted during July, resulting in sluggish sales for many merchants and raising concern about the back-to-school shopping season’s health. As merchants reported their sales figures today, mall-based chains continue to be hit hardest as consumers focus on necessities. [...] [...]
by Associated Press Published: April 16,2009
LOS ANGELES (AP) – General Growth Properties Inc., the nation’s second-largest mall operator and owner of the Chapel Hills Mall in Colorado Springs, filed for Chapter 11 bankruptcy protection this morning. The company failed to persuade a majority of its debt holders to give it more time to refinance billions of dollars in debt racked [...] [...]
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