GGP History
This Midwestern City is where GGP was founded in 1954 by the Bucksbaum family.
What is Cedar Rapids
This Honolulu property is the largest open-air shopping center in the world.
What is Ala Moana Center?
This metric represents total rental income after expenses
What is NOI
The founding family led GGP's early expansion into enclosed malls across the U.S.
Who are the Buckbaum Family
This Northern Virginia GGP asset is known for luxury tenants like Chanel and Gucci.
What is Tysons Galleria?
Increasing rent through improvements without a signed lease is often called this
What is uplift
In 2009, GGP made headlines by filing for this historic financial event—the largest in real estate history at the time.
What is bankruptcy (Chapter 11)?
This Las Vegas mall is known for its cloud-like canopy and runway fashion shows on the Strip.
What is Fashion Show Mall?
This leasing clause protects tenants if key anchors leave
What is co-tenancy
This investor, through his firm, played a major role in GGP’s post-bankruptcy recapitalization.
Who is Bill Ackman?
This high-performing open-air center outside Chicago is a flagship Midwest GGP asset.
What is Oakbrook Center?
This pipeline of backup tenants is used to mitigate leasing risk
What is the “on-deck” tenant list
In 2018, GGP was acquired by this global mall owner, consolidating major U.S. retail portfolios.
What is Brookfield Properties?
This high-performing Southern California mall, adjacent to the Americana at Brand, has long been one of GGP’s top West Coast assets.
What is Glendale Galleria?
This occurs when market rents exceed in-place rents, creating upside at renewal
What is mark-to-market