General Growth misses payments: Will America's Second Largest Mall Owner Declare Bankruptcy?

The Baltimore Sun reports:

General Growth Properties Inc., the U.S. shopping mall owner with $900 million in loans due yesterday, remains in talks with its lenders, a spokesman said.

"We continue to talk to all of our lenders, and as soon as we have something to announce, we will do so," Tim Goebel, a spokesman for the Chicago-based company, said yesterday in an interview.

This is a big retail sales story.