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General Growth Properties Inc., owner of the Galleria, said its Rouse Co. LP subsidiary has extended a deadline that could allow it to skip payments on more than $2 billion of debt.
From The St. Louis Business Journal
General Growth Properties is the second largest U.S. shopping mall owner. The Chicago-based company, which owns or operates more than 200 U.S. mails, is struggling with $1.18 billion of past due debt.
-Tags: business, real estate, st Louis, galleria, general growth properties, rouse co