Mall Owner Selling 3 Las Vegas Malls
Posted on Monday, October 27th, 2008 at 6:06 pm | Leave a Comment
By: Las Vegas Now Staff
By: Las Vegas Now Staff
Three high-profile Las Vegas malls are for sale and the company that owns there is struggling financially.
General Growth Properties has announced it is looking for buyers for Fashion Show Mall, Grand Canal Shoppes and The Palazzo.
The company also replaced its CEO and president with two directors after learning about loans that were made that did not follow company policy.
General Growth has nearly a billion dollars in loans due by the end of November and their stock has been on a downward slide.
