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Chapel Hills Mall parent gets $500M from teachers

Shopping mall owner General Growth Properties Inc., parent of Chapel Hills Mall in Colorado Springs, said it is getting a $500 million infusion from a Texas teachers’ pension fund to help it emerge from bankruptcy. The Chicago developer said The Teacher Retirement System of Texas will receive shares priced at $10.25 each in the reorganized… Continue Reading Chapel Hills Mall parent gets $500M from teachers

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… Continue Reading Owner of Chapel Hills Mall files for Chapter 11 bankruptcy protection

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