CHICAGO-General Growth Properties Inc. has announced that thedevelopment firm it is going to start once its bankruptcy woes areover will be managed by three executives of Brookfield.
Real Estate Opportunity Fund CEO of Brookfield, David Arthurwill be the CEO of General Growth's new firm called Spinco. Once itemerges from bankruptcy, General Growth will own its prize assetsand Spinco will manage long-term projects including the 7,000 acresin Summerlin. For the full story, go to Crain's Chicago Business.
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