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Stock Market & Financial Investment News

News Breaks
September 20, 2013
04:55 EDTGGP, GGPGeneral Growth management to meet with ISI Group
Meeting to be held in Boston on September 24 hosted by ISI Group.
News For GGP From The Last 14 Days
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April 27, 2015
16:05 EDTGGPGeneral Growth sees FY15 FFO $1.40-$1.46, consensus $1.43
16:05 EDTGGPGeneral Growth sees Q2 FFO 31c-33c, consensus 33c
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16:04 EDTGGPGeneral Growth reports Q1 FFO 32c, consensus 32c
Reports Q1 revenue $594.14M, consensus $631.26M. Reports Same Store NOI up 3.3% to 543M.
15:04 EDTGGPNotable companies reporting after market close
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April 21, 2015
16:13 EDTGGPGeneral Growth acquires The Crown Building for $1.775B
General Growth Properties announced the acquisition of The Crown Building located at 730 5th Avenue in New York City. The Crown Building is a 26-story retail and office property located on the southwest corner of 57th Street and 5th Avenue in the Plaza District in midtown Manhattan. The acquisition price was $1.775B and was partially funded with $1.25B of secured debt. GGP and Jeff Sutton will own, redevelop, lease and manage the retail portion of the property. The retail is currently occupied by tenants such as Bulgari, Piaget, and Mikimoto and is comprised of approximately 100,000 square feet.

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