planned communities

General Growth Properties Reaches $230M Deal With Hughes Heirs

GGP agreed to pay $230 million to the Hughes heirs in exchange for full release and settlement of all claims against GGP and affiliates. Ten million dollars will be paid in cash, with the rest paid in either cash or common shares. GGP agreed to pay $230 million to the Hughes heirs in exchange for full release and settlement of all claims against GGP and affiliates. Ten million dollars will be paid in cash, with the rest paid in either cash or common shares, GGP said in a statement.