Friday, March 5, 2010
Triple Net Lease Properties Big News for the day is about General Growth Properties. They are one of the largest mall property managers in the U.S.A. and the current owner of the beautiful "Mizner Park" in Boca Raton. General Growth Properties is planning to launch an initial public offering (IPO) on the New York Stock Exchange Friday, according to the Associated Press. Past news was that General Growth Properties had filed for bankruptcy protection last April. Probably the largest real estate bankruptcy case ever recorded in the U.S.
Net Lease Properties was told Simon Property Group offered to buy the company outright in February for estimate of $10 billion. However that deal was turned down.
Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408