Devastating news for most adolescents as their favorite malls--and parent-free hang-outs--are facing bankruptcy. General Growth Properties Inc., the nation's second-largest mall operator, filed for Chapter 11 bankruptcy protection, which owns local mall properties: Alderwood Mall in Lynnwood, Bellis Fair Mall in Bellingham, and Westlake Center in Seattle. With their stock prices cheaper than an on-sale pack of gum, financial reorganization will be key, for what's been claimed as the largest real estate failure. We just hope it can turn around, so it doesn't force a void (and access to the Monorail) in downtown. more ›