CHICAGO-General Growth Properties Inc. has announced that the development firm it is going to start once its bankruptcy woes are over will be managed by three executives of Brookfield.
Real Estate Opportunity Fund CEO of Brookfield, David Arthur will be the CEO of General Growth's new firm called Spinco. Once it emerges from bankruptcy, General Growth will own its prize assets and Spinco will manage long-term projects including the 7,000 acres in Summerlin. For the full story, go to Crain's Chicago Business.
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