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 Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 13, 2007

General Growth Properties, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-11656	42-1283895
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
110 N. Wacker Drive, Chicago, Illinois		60606
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 312.960.5000

Not Applicable
______________________________________________
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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  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 13, 2007, General Growth Properties, Inc. ("GGP") issued a press release announcing the award of punitive damages in the claim involving Caruso Affiliated Holding LLC and Glendale Galleria, a California mall, and GGP's intent to appeal the jury's verdict. A copy of such information 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 Plan to Appeal California Verdict" (furnished herewith).

SIGNATURES

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

	General Growth Properties, Inc.
November 14, 2007	By:	Bernard Freibaum
		Name: Bernard Freibaum
		Title: Executive Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press release titled “General Growth Properties Announces Plan to Appeal California Verdict” (furnished herewith).

EX-99.1

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

CONTACT:
David Keating
Director, Corporate Communications
General Growth Properties, Inc.
(312) 960-6325

GENERAL GROWTH PROPERTIES ANNOUNCES PLAN TO APPEAL CALIFORNIA VERDICT

Chicago, Illinois (November 13, 2007) – General Growth Properties, Inc. (NYSE: GGP) today announced immediate plans to seek review and appeal of $15 million in punitive damages awarded by a California jury as well as the previously announced $74 million verdict rendered last week. 

Both decisions follow a claim made by Caruso Affiliated Holdings LLC involving Glendale Galleria, a California mall.  These damages allegedly resulted exclusively from delays to Caruso’s project related to a single restaurant tenant that now has a signed lease with Caruso.

The Company emphatically disagrees with the jury’s verdict and will pursue review and reversal through every available means. 

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

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