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 said in a statement.
The Summerlin planned community takes up 22,500 acres along the western rim of the Las Vegas Valley. It's home to nearly 100,000 people.