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Business

Malls’ Owner/Manager Files Chapter 11

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It should be business as usual at the local malls owned or managed by General Growth Properties, which just filed for Chapter 11 bankruptcy protection, mainly because of a credit-market problem. But still, the filing can’t be good news for the Chicago company’s DFW properties like the Galleria and Stonebriar Centre. At the same time, the picture’s not all gloom and doom at malls here. One case in point is locally owned NorthPark Center, where insiders say sales actually rose in 2008 over the previous year.

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