GGP Ggp Inc. (delisted)

General Growth Properties (NYSE: GGP), the nation�s second largest shopping center owner and manager, announced Monday that Crate and Barrel will introduce its first store in Nevada by locating at Summerlin Centre, the future �downtown� of the master planned community of Summerlin, located on the Las Vegas Valley�s western rim. The planned 34,000-square-foot, 2-level Crate and Barrel Home Store will offer its popular line of high-quality furniture and home accessories for dining, entertaining, cooking and decorating. Crate and Barrel was founded by Gordon and Carole Segal in Chicago�s Old Town neighborhood in 1962. It has grown to more than 150 stores employing 7,000 associates nationwide. In March, Nordstrom, the leading fashion specialty retailer, announced its plans to be a Summerlin Centre anchor store. �When we talked to the people who will be our Summerlin Centre visitors, two stores that people repeatedly say they want are Crate and Barrel and Nordstrom,� said John Bucksbaum, chief executive officer of General Growth Properties. �Located in the heart of Summerlin, one of America�s fastest growing master-planned communities, Crate and Barrel will be the perfect place for both the newly-arrived and long-established homeowner to furnish and equip their home.� Gordon Segal, Crate and Barrel chief executive officer, said, �For the last several years we have been looking for just the right opportunity to bring a Crate and Barrel Home Store to this important market. Our customers have been asking us to open a store in this area for some time, and we look forward to welcoming them to our new Summerlin Centre location. We already have a great partnership with General Growth and look forward to another successful collaboration.� Summerlin Centre will be an authentic downtown -- the social, civic and commercial heart -- for the 22,500-acre community of Summerlin. Plans for Summerlin Centre include a 100-acre community hub that combines 1.4 million square feet of retail shopping and dining all surrounding a series of grand public spaces. It will also feature office space, with a hotel and residences coming later. An adjoining 300 acres of Summerlin Centre, will consist primarily of residential development, offering a wide array of housing styles set amidst town greens and gardens, all interconnected by paseos and pathways. The new development at Summerlin Centre will be located northeast of the intersection of the 215 Beltway and Sahara Avenue. General Growth plans to soon celebrate Summerlin Centre�s groundbreaking at its location northeast of the intersection of 215 Beltway and Sahara Avenue. Its grand opening is to be spring 2009. General Growth Properties, Inc. is the second largest U.S.-based publicly traded real estate investment trust (REIT) based upon market capitalization. General Growth has ownership interest or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership interest in master-planned community developments and commercial office centers. General Growth�s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey. The Company�s portfolio totals approximately 200 million square feet and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit http://www.ggp.com. This press release contains forward-looking statements. Actual results may differ materially from the future operations suggested by these forward-looking statements, for a number of reasons, including, but not limited to, the retail market, tenant occupancy and tenant bankruptcies, the level of our indebtedness and interest rates, market conditions, land sales in the Master Planned Communities segment, the cost and success of our development and redevelopment projects and our ability to manage our growth. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent reports on Form 10-K and 10-Q, which further identify the important risk factors which could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.