What'sgoing on with General Growth Properties is only a smallpart of this now global financial crisis we're facing. But thesituation has certainly made us reflect.Sure, plenty of people wereskeptical of the $13-billion acquisitionof the Rouse Co. in 2004, especially with the amount of debtattached to the deal and Rouse's portfolio of master-plannedassets, a non-core property type for GGP. But did anyone expect itwould come to the resignation of CEO John Bucksbaum and the intention to sell its dazzling Vegas portfolio?Geez. It doesn't seem like all that long ago when thiscompany was at the top of its game. Only last year, Bucksbaum waschairman of the International Council of Shopping Centers, thespokesman for the industry around the globe.So what happens next?An analyst in one article says: "What they need to do is to sell thecrown jewels, and with John Bucksbaum in control they werereluctant to do that."But will they find buyers of thosehigh-profile Las Vegas properties, and high-end assets in othermarkets, in this economic climate? And if so, who isinterested?

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