8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Act of 1934

Date of Report (Date of Earliest Event Reported)
November 8, 2007

General Growth Properties, Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-11656	42-1283895
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

110 N. Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip Code)

(312) 960-5000
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE.

On November 8, 2007, General Growth Properties, Inc. (“GGP“) issued a press release announcing a verdict relating to a claim involving Caruso Affiliated Holding LLC and Glendale Galleria, a California mall owned by our GGP Homart II joint venture, of which we own fifty percent. A copy of such press release is being furnished as Exhibit 99.1 to this report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibit No.	Description
99.1	Press Release titled “General Growth Properties announces Jury Verdict and Adjustments to Third Quarter 2007 Results” dated November 8, 2007 (furnished herewith).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GENERAL GROWTH PROPERTIES, INC.
By:	/s/ Bernard Freibaum
	Bernard Freibaum
	Executive Vice President and Chief Financial Officer

Date: November 8, 2007

EXHIBIT INDEX

Exhibit Number	Name
99.1	Press Release titled “General Growth Properties announces Jury Verdict and Adjustments to Third Quarter 2007 Results” dated November 8, 2007 (furnished herewith).

EX-99.1

EXHIBIT 99.1

	General Growth Properties, Inc.
News Release FOR IMMEDIATE RELEASE	110 N. Wacker Dr.
	Chicago, Illinois 60606
	312.960.5000 TEL
	312.960.5484 FAX

GENERAL GROWTH PROPERTIES ANNOUNCES
JURY VERDICT AND ADJUSTMENT TO THIRD
QUARTER 2007 RESULTS

Chicago, Illinois, November 8, 2007 — General Growth Properties, Inc. (NYSE: GGP) announced today a jury verdict in the amount of $74,225,017, plus to-be-determined punitive damages, relating to a claim involving Caruso Affiliated Holdings LLC and Glendale Galleria, a California mall owned by our GGP/Homart II joint venture of which we own 50 percent.

“We are obviously disappointed with this result” said John Bucksbaum, CEO of GGP.

GGP will record its fifty percent share of the verdict as an adjustment to our equity in earnings of our Unconsolidated Real Estate Affiliates. As a result, previously reported Core Funds From Operations per fully diluted share for the third quarter of 2007 will be reduced from $0.80 to $0.68. Previously reported fully diluted Funds From Operations will be reduced from $0.83 to $0.70 and earnings per share-diluted will be reduced from $0.09 to a loss of $0.04. GGP’s Report on Form 10-Q for the quarter ended September 30, 2007, which will be filed with the Securities and Exchange Commission tomorrow, will reflect this adjustment.

In addition, as a result of this adjustment, we currently project 2007 Core FFO per share to be in the range of $3.13 to $3.16 per share.

ABOUT GGP

General Growth Properties, Inc. is one of the largest U.S.-based publicly traded Real Estate Investment Trusts (REIT) based upon market capitalization. The Company currently has ownership interest in, or management responsibility for, a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership in master planned community developments and commercial office buildings. The Company’s portfolio totals approximately 200 million square feet and includes over 24,000 retail stores nationwide. The Company is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company website at http://www.ggp.com.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements, including our 2007 Core FFO per fully diluted share guidance. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, the retail market, tenant occupancy and tenant bankruptcies, the level of indebtedness and interest rates, market conditions, land sales in the Master Planned Communities segment, the cost and success of development and re-development projects and our ability to successfully manage growth. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent report on Form 10-K, which further identify the important risk factors which could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.

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