GGP is finding it difficult to fill leadership slots

09/15/2010 | Wall Street Journal, The

As it prepares to emerge from bankruptcy, General Growth Properties is finding it difficult to fill the top positions at the REIT, namely because the most likely candidates are from rival retail center-owning families such as Simon Property Group and Taubman Centers. "I think you could count on one hand the people in the mall industry who are qualified to fill that [CEO] job," says Steve Sakwa, a REIT analyst with International Strategy & Investments.

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