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Another shoe drops

Posted at 11:58 AM on April 16, 2009 by Bob Collins (0 Comments)
Filed under: Economy

Today marked the biggest real estate bankruptcy filing ever in the United States when General Growth Properties filed Chapter 11. The mall developer is best known, perhaps, for owning Quincy Market (note: some news organizations say the developer owns Faneuil Hall in Boston. Not true. They own the tourist trap next to it.) and South Street Seaport in New York.

There is a local angle here, too. The developer owns Eden Prairie Center. It also owns the Ridgedale Mall as well as the River Hills Mall in Mankato, the Apache Mall in Rochester, and Knollwood Mall in St. Louis Park.

Here's a copy of the bankruptcy filing.

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