by Calculated Risk on 4/16/2009 08:13:00 AM

From the WSJ: Mall Titan Enters Chapter 11

Mall owner General Growth Properties Inc. sought bankruptcy protection early Thursday in one of the largest real-estate failures in U.S. history ...

The bankruptcy will have far-reaching implications for the mall industry, including putting pressure on already declining property values of U.S. malls ...

The Mall is Flattened ...