Won't Somebody Think of the Malls?

Yesterday we mentioned the scuttlebutt about malled-up REIT General Growth Properties putting Westlake Center up for sale. Today GGP stocks were hammered after the company announced it "might be forced to seek protection from its creditors as it struggles to refinance debt," and are now trading at around $0.40 in after-hours trading. GGP has $958 million in debt due Dec. 1, but a "good price" for Westlake was quoted at just $150 million, so it's going to take more than that to right the REIT's ship.

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Somebody awesome please buy it!!! Turn it into something we can be proud of.

Like the downtown park that was originally supposed to be on the site. (And I'm not referring to the Commons. This was way before that.)

Yep..a park with water features, nice sculptural art and turn the mall into something stunning and ultra-modern.

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