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Exterior of mall Alderwood Mall in the Seattle suburb of Lynwood, WA is among more than 125 retail properties in GGP’s portfolio.

NEW YORK CITY—Brookfield Property Partners (BPY) said Thursday that its offer to buy the shares of GGP Inc. that it doesn’t already own still stands, although GGP’s board reportedly rejected the original bid this past December. The original cash-and-stock deal was valued at $23 per share, or approximately $14.8 billion.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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