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
Verizon Signs 72,696-SF Lease Extension in Chicago
Jan. 07, 2009
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
New Chicago Lease Further Evidence that ProLogis is Alive and Kicking
Dec. 17, 2008
Even if the generals have a brilliant plan for victory, wheels still need to roll at the front line if it’s all going to mean anything. In the case of ProLogis, time might still have to tell regarding the warehouse/distribution giant’s recovery strategy, but the ground-level activity seems to be rolling forward much as usual.
Lynd Breaks Ground on First Chicago Property
Dec. 16, 2008
San Antonio, Texas-based developer Lynd Development Partners is making its first move into the Chicago market with a 300,000-square-foot, 249-unit apartment tower.
Cabot Takes Industrial Portfolio from TIAA-CREF
Dec. 10, 2008
Cabot Properties has purchased a 788,000-square-foot industrial portfolio, comprising assets in Chicago and Baltimore, from TIAA-CREF.
 
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