General Growth Properties Inc., a Chicago-based real estate investment trust, has priced a public offering of approximately 22.83 million shares of common stock at $36 per share. GGP said the offering includes 2.445 million shares being sold to MB Capital Partners III, an affiliate of Matthew Bucksbaum, GGP's chairman emeritus, and John Bucksbaum, its chairman and chief executive officer. The approximately $821.9 million of net proceeds will be used to repay GGP's revolving credit facility and other debt and for general corporate purposes, the company said. The REIT can be found online at http://www.ggp.com.
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