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General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Business Courier
General Growth Properties Inc. , the owner of Kenwood Towne Centre and Florence Mall locally, has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago-based General Growth (NYSE: GGP) said in a ...

Owner of Two Local Malls May File Bankruptcy - WKRC
The owner of two local malls may file for bankruptcy. General Growth Properties Incorporated operates Kenwood Towne Centre and Florence Mall. The Chicago-based owners must refinance or try to extend the nearly one billion dollars in debt which is due ...

Kenwood Centre owner issues warning - Cincinnati.com
CHICAGO - The owner of Kenwood Towne Centre and Florence Mall warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. Real estate investment trust General ...

General Growth Properties may seek protection - Business Courier
General Growth Properties, owner of Kenwood Towne Centre and Florence Mall, says it may be forced to seek protection from its creditors as it struggles to refinance debt. The company’s stock tumbled as much as 70 percent in Tuesday trading. Chicago ...

Ala Moana, Ward Centers owner facing bankruptcy - Honolulu Star-Bulletin
General Growth Properties Inc. , owner of Ala Moana Center and Ward Centers in Hawaii, said yesterday it is facing the possibility of bankruptcy if it fails to refinance or extend nearly $1 billion in debt due next month. The real estate investment ...

Business Notes - Lexington Herald-Leader
Delta to cut 40 flights a dayat Cincinnati airport next year Delta Air Lines plans to cut 12 percent of flights, or about 40 a day, out of the Cincinnati/Northern Kentucky International Airport , as the company restructures its hub, the airline said ...

Bankruptcy Looms For Owner Of 2 Area Malls - WLWT 5
CHICAGO -- The owner of two area malls faces bankruptcy, according documents filed earlier this week. General Growth Properties Inc. shares have plummeted after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy ...

Pomeroy continues its turnaround - Cincinnati.com
Hebron-based Pomeroy IT Solutions posted its second consecutive quarterly profit in the third quarter, boosted in part by renegotiated contracts and job cuts. On Wednesday, Pomeroy reported third-quarter net income of $1.8 million, or 15 cents per ...

National crisis, local implications: Metro home market declines - Jackson Clarion-Ledger
As soon as their home sells, they're planning to buy the new property. The only problem? Since putting their existing home on the market two months ago, not one perspective buyer has stopped in for a tour. "I'm not going to buy the other home until I ...

Brittle Italy - Sunday Herald
ITALIAN PRESIDENT Giorgio Napolitano yesterday rejected the resignation of the prime minister, Romano Prodi, and invited him to return to parliament to test the cohesion of his centre-left coalition, which had melted away embarrassingly in the middle ...

Today's Mortgage Terms starting with H

Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.

Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.

Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.

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