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GGP Inc. (an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin , Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa , in 1954, and was headquartered in Chicago , Illinois , from 2000.
The following is a list of properties owned by Brookfield Properties, a North American commercial real estate company.Their portfolio includes a number of shopping malls in the United States that were owned by GGP Inc. (General Growth Properties) before it was acquired by Brookfield in 2018, [1] along with a number of malls that were formerly owned by Rouse Properties prior to its buyout by ...
General Growth Properties (GGP) filed a reorganization plan, seeking to emerge from bankruptcy in October with $7 billion to $8.5 billion in new capital, the company announced Tuesday. The nation ...
[1] [2] The name was taken from the Rouse Company, which GGP had acquired in 2004. [2] The portfolio comprised most of GGP's Class B shopping centers (malls located in smaller cities, and second-tier malls in larger cities), allowing GGP to focus on its higher-performing properties. [3] [4] The spin-off was completed on January 12, 2012. [5]
In September 2020, the company's retail group announced a layoff of 20% of its workforce of about 2,000 people. [33] Around June 2021, the company opened an office in Sydney, Australia. [34] In May 2023, Brookfield Properties announced a purchase of a 115,000 square foot Doral warehouse at 1500 Northwest 95th Avenue for $16 million. [35]
John Bucksbaum (born 1957) is the founder and chairman of Bucksbaum Retail Properties, LLC. He was formerly chairman and chief executive officer of GGP Inc. , which was a publicly traded real estate investment trust that invested in shopping centers.
The Rouse Company, founded by Hunter Moss and James W. Rouse in 1939, was a publicly held shopping mall and community developer from 1956 until 2004, when General Growth Properties (GGP) purchased the company.
GGP is a member of the Fair Trade Federation and Green America. At the department store Macy's , all the products of the Gifts for Hope catalog are sourced from Global Goods Partners [ 9 ] (ex: Heart of Haiti collection [ 10 ] ).