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. Lawsuit blames county and weed inspector in man’s death 2. Cost of dispute falls on Monroe 3. Salish Sea: Huge body of water now has common name 4. Mind if I smoke? 5. Boeing says 787 fixes are done 6. Worker dies after falling 4 stories from Lynnwood building 7. FOOTBALL FORECAST: Battle of unbeatens highlights first week of state-playoff action 8. Granite Falls-area fire chief placed on paid leave 9. Everett dentist travels world to help 10. Benefit to help injured soldier, his family 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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