General Growth stock plunges 25% today
What options are left for the Elk Grove Promenade developer? The developer of The Elk Grove Promenade, General Growth Properties (GGP...
https://www.elkgrovenews.net/2008/10/general-growth-stock-continues-plunge.html
What options are left for the Elk Grove Promenade developer?
The developer of The Elk Grove Promenade, General Growth Properties (GGP) saw it's bid for survival dealt another blow today.
In NYSE trading, GGP shares dropped 25-percent today. The stock traded as high as $57 in the last 52 weeks.
The Chicago-based mall developer is facing a significant credit crunch. Most recently it has been rumored that GGP might be a takeover target.
Whatever happens, the situation for GGP and the Elk Grove Promenade is dire.
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Please have The Lent family purchase back the property,, what a messs they have created!
Yes, I agree, someone needs to cleanup that mess! The citizens never wanted that mall it was a huge mistake now we ar eleft with the mess. I agree if the Lent Family sold the property they need to buy it back or a least pay the property taxes! Maybe we ought to get a petition going to hold them responsible!!!
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