Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Monday, December 1, 2008 Alderwood mall owner obtains extension on debt Herald Staff An owner of Alderwood mall has secured a two-week extension on $900 million in debt, which had been scheduled to come due last week. General Growth Properties Inc., of Chicago continues to negotiate longer-term extensions with lenders to avoid bankruptcy, the company reported on Sunday. The $900 million mortgages cover two shopping malls owned by General Growth in Las Vegas. The nation’s second-largest mall owner struggles with its debts, as the financial crisis clogs the credit market. The company owns seven malls in Washington state, including Alderwood and Westlake Center in Seattle. Alderwood mall covers about 1.3 million square feet is the biggest shopping mall in Snohomish County. READER COMMENTS Be the first to comment. You must be a registered user and verify your e-mail address to post comments to blogs or articles on HeraldNet. To register, click here. To read other terms and conditions, click here. Log out

1. Arlington brothers’ fight led to death, police say 2. Detectives consider slaps to father lethal 3. Woman found dead at Bothell house fire 4. Two teens hurt in collision near Granite Falls 5. Lottery win helps Lake Stevens convenience store owner pay bonuses 6. Everett man shot in groin; two men, one woman are arrested 7. I-5 car chase was result of driver's medical condition 8. CBS cancels ‘As the World Turns’ 9. Jail inmates’ meal complaint omits a crucial fact 10. Locker dips toe in NFL pool 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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