Apr
16

Columbiana Centre’s Parent Files Chapter 11

By

– Columbia Regional Business Report

The owner of Columbiana Centre has filed for Chapter 11 bankruptcy protection, though the Columbia mall is not among the 150 or so of the company’s shopping centers that are filing separately for protection.

Chicago-based General Growth Properties said it could not get enough credit in such tight financial markets to avoid filing Chapter 11. Efforts to negotiate more time with its bondholders were unsuccessful, GGP said in a statement.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.columbiabusinessreport.com/news/27205-columbiana-centre-rsquo-s-parent-files-chapter-11?rss=0
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