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CHICAGO-Executives at General Growth Properties‘ Q3 earnings call focused on cautious optimism in the guise of increased occupancy, redevelopment and debt refinancing. While CEO Sandeep Mathrani deflected questions pertaining to Pershing Square, he continued emphasizing the three core drivers on which GGP is focused: Increasing occupancy, increasing rent and boosting the redevelopment pipeline. 

“We’re signing leases at healthy spreads on a suite-to-suite basis,” Mathrani said. “We are leasing vacant space, converting temporary leases to permanent and managing tenant mix within our malls to maximize productivity.” Looking toward the future, Mathrani added that for 2013, “we have approved and signed approximately 60% of the targeted leasing activity. Our revenues next year will be positively impacted by the heavy lifting we’ve accomplished, and we expect better growth next year.”

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