General Growth to emerge from bankruptcy
General Growth Properties Inc., the nation’s second-largest shopping mall owner, is expected to emerge from bankruptcy around Nov. 8. The Chicago-based may then focus its attention on a $2.25 billion stock sale to raise capital. General Growth owns about 185 properties, including Jordan Creek Town Center in West Des Moines. It filed for bankruptcy protection on April 16, 2009, due to its inability to refinance large mortgage loans and corporate debt during the credit crisis. At the time, General Growth was facing more than $11.8 billion in maturing debt through 2012.