Four Malls Emerge From Financial Bog

SAN FRANCISCO- Four Bay Area shopping centers that were engulfed in bankruptcy have emerged from their financial quagmire, according to the Conta Costa Times although the publication notes that the primary owner, General Growth Properties, is still in bankruptcy.

Southland Mall in Hayward, NewPark Mall in Newark, Eastridge Shopping Center in San Jose and West Valley Mall in Tracy have been extricated from bankruptcy, the publication reported that General Growth said. “General Growth said 194 malls, office complexes and other properties owned and operated by General Growth have emerged from individual bankruptcy filings.”A fifth area mall, Stonestown Galleria in San Francisco, stayed in bankruptcy, the publication noted. The malls ended their bankruptcies around March 4, according to the publication.