Regions Midwest | Chicago
GGP Announces Executive Change, Dividend Suspension
Oct 3, 2008

General Growth Properties Inc. has announced the appointment of Edmund Hoyt as the Company's CFO on an interim basis. Mr. Hoyt succeeds Bernard Freibaum, who is no longer employed by the company. A search for a permanent CFO has begun. GGP also announced that, given the uncertainty and volatility in the capital markets, and the fact that all distributions currently required to maintain REIT status have already been made this year, it will suspend the common stock dividend at this time.

 
Recent Chicago Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Barclays Takes Over Lehman Lease in Chicago
Oct. 29, 2008
Barclays Bank has assumed the lease for the Chicago office space formerly occupied by Lehman Brothers Holdings Inc.
Mid-America Closes Sale with Target at Wilson Yard Redevelopment in Chicago
Oct. 28, 2008
Mid-America Asset Management Inc. announced that Target closed on the sale of 132,000 square feet at the Wilson Yard mixed-use redevelopment that is under construction in Uptown Chicago.