Real Estate
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November 20, 2009
General Growth, lenders agree to rework mall debt
By ALEX VEIGA
AP Real Estate Writer
AP Real Estate Writer
LOS ANGELES — Mall operator General Growth Properties Inc., which filed for bankruptcy earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans.
The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said.
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