Company Name | General Growth Properties |
---|---|
Website | ggp.com |
Snippet | GGP Inc. (an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa in 1954, and was headquartered in Chicago, Illinois from 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009.[1] |
Fate | Acquired by Brookfield Property Partners |
Type | Public |
Genre | Shopping malls |
Defunct | August 28, 2018; 3 years ago (2018-08-28) |
Founded | 1954 |
Revenue | $2.346 billion (2016) |
Website | ggp.com |
Formerly | General Management (1954–1970), General Growth Properties (1970–2017) |
Founders | Martin Bucksbaum, Matthew Bucksbaum, Maurice Bucksbaum |
Industry | Commercial real estate |
Traded as | NYSE: GGP |
Key people | Bruce Flatt (chairman), Sandeep Mathrani (CEO) |
Net income | $1.272 billion (2016) |
Area served | United States |
Headquarters | Chicago, Illinois, US |
Total assets | $22.732 billion (2016) |
Total equity | $8.635 billion (2016) |
Number of employees | 1,800 (2016) |
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