Sandeep Mathrani Net Worth is25.2 $Million
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Type: Public

Traded As: GGP

Genre: Malls, shopping centers, outlet malls

Foundation: 1954

Founder: Martin Bucksbaum, Matthew Bucksbaum

Location: Chicago, Illinois, United States

Locations: 45 U.S. states

Key People: Bruce Flatt, Chairman, Sandeep Mathrani, CEO

Industry: real estate investment trusts

Revenue: US $3.38 billion

Net Income: US $287 million

Num Employees: 3,500

Slogan: "People creating special places and experiences."

Homepage: [http://www.ggp.com/ ggp.com]

General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White. The company owns and manages shopping malls throughout the United States.
General Growth Properties owns or has interest in 143 regional shopping malls in forty-two states. General Growth Properties has been in the shopping center business for more than 50 years, blending innovation, tradition and reputation to create some of the countrya??s unparalleled shopping locales, including such destinations as Ala Moana Center (Honolulu), Tysons Galleria (D.C.), Glendale Galleria (Los Angeles) and Water Tower Place (Chicago). The entire GGP portfolio totals roughly 200,000,000 square feet (19,000,000 m2) of retail space and includes more than 24,000 retail stores. These include international retailers and anchors, as well as popular regional stores covering a colorful range of categories. More than 1.8 billion consumers visit a GGP mall every year. Half of the GGP portfolio is located in the 50 most populated U.S. markets, with 37 malls in the top U.S. metro areas.
General Growth owns the largest open-air shopping mall in the world, Ala Moana Center in Honolulu, HawaiE>>i. Ala Moana Center is also a flagship of a General Growth Properties tourism program called "America's Premier Shopping Places." It lists fifty tourist destinations that include the historic Faneuil Hall Marketplace in Boston, and Water Tower Place in Chicago.
The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954. That year, they opened their first shopping center, Town & Country Shopping Center in Cedar Rapids, Iowa. In 1960, General Management opened its second center, Duck Creek Plaza in Bettendorf, Iowa; this was their first mall to have a department store (Younkers) as an anchor.
In 1970, General Management became General

Sandeep Mathrani Latest News

Plans to Rethink America’s Malls Can’t Keep Up With Retail’s Collapse

CEO Sandeep Mathrani said GGP would instead focus on making the most of its properties by adding non-retail uses such as apartments, offices, hotels, gyms and movie theaters. In Arlington, Virginia, Forest City Realty Trust Inc. was stumped on how to ...
Posted: August 3, 2017, 2:00 am

GGP, officials showcase progress on The SoNo Collection

“It’s a big day for us, it’s a big deal,” said GGP CEO Sandeep Mathrani as heavy construction equipment moved about behind him. “And I think people should also appreciate that you may not see another mall getting built in America for the next decade.
Posted: August 17, 2017, 3:32 pm

Indian American Sandeep Mathrani among top overpaid US CEOs

Mathrani was earlier considered for one of the key positions in the Trump administration. A US-based nonprofit has listed Indian American Sandeep Mathrani, the Chief Executive Officer of the Chicago-based property firm General Growth Properties, as the ...
Posted: March 19, 2017, 10:05 am

Retail shakeout forces mall owners to rework development plans

CEO Sandeep Mathrani said GGP would instead focus on making the most of its properties by adding non-retail uses such as apartments, offices, hotels, gyms and movie theatres. In Arlington, Virginia, Forest City Realty Trust Inc. was stumped on how to ...
Posted: August 7, 2017, 3:42 am

Mall REITs Grappled with Tenant Closures in Second Quarter

General Growth: Weighing Anchors “The recapture, redevelopment and re-tenanting of department store boxes is what we do,” GGP CEO Sandeep Mathrani said during a conference call to discuss the company’s earnings. At the end of its second quarter the ...
Posted: August 15, 2017, 1:00 am
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