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 AND EXCHANGE ACT OF 1934

    Date of report (Date of earliest event reported):  August 10, 2005


                        CBL & ASSOCIATES PROPERTIES, INC.

             (Exact Name of Registrant as Specified in its Charter)

         Delaware                        1-12494                  62-154718
(State or Other Jurisdiction of   (Commission File Number)   (I.R.S. Employer
      Incorporation)                                        Identification No.)

           Suite 500, 2030 Hamilton Place Blvd, Chattanooga, TN 37421
           (Address of principal executive office, including zip code)

                                 (423) 855-0001
              (Registrant's telephone number, including area code)

                                       N/A
              (Former name, former address and former fiscal year,
                          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 (see General Instruction A.2. below):


[  ]   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 8.01   Other Events

         On August 10, 2005, CBL & Associates Properties, Inc. (the "Company")
announced that it has closed the previously announced transactions involving the
sale of its 8.4% equity interest in and management and advisory contracts with
Galileo America, LLC ("Galileo"), a joint venture between the Company and
Galileo America Inc. The Company's management and advisory contracts with
Galileo have been purchased by New Plan Excel Realty Trust, Inc., a shopping
center REIT. Galileo has purchased the Company's equity interest in the joint
venture.

         The Company's press release announcing the closings of these
transactions is attached as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits

(a)      Financial Statements of Businesses Acquired

     Not applicable

(b)      Pro Forma Financial Information

     Not applicable

(c)      Exhibits

     99.1     Press Release - CBL & Associates Properties Closes Sale Of
              Joint Venture Interest And Management And Advisory Contracts
              With Galileo America









                                    SIGNATURE



     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.



                                      CBL & ASSOCIATES PROPERTIES, INC.


                                                /s/ Farzana K. Mitchell
                                    --------------------------------------
                                                 Farzana K. Mitchell
                                                Senior Vice President - Finance




Date: August 10, 2005

EX-99

                                                                     Exhbit 99.1

                 [CBL & ASSOCIATES PROPERTIES, INC. LETTERHEAD]


                CBL & ASSOCIATES PROPERTIES CLOSES SALE OF JOINT
                  VENTURE INTEREST AND MANAGEMENT AND ADVISORY
                         CONTRACTS WITH GALILEO AMERICA


Contact:   Katie Knight
           Director, Investor Relations
           (423) 855-0001



CHATTANOOGA, Tenn. (August 10, 2005) - CBL & Associates Properties, Inc. (NYSE:
CBL) today announced that it has closed the previously announced transactions
involving the sale of its 8.4% equity interest in and management and advisory
contracts with Galileo America, LLC ("Galileo"), a joint venture between CBL and
Galileo America Inc. CBL's management and advisory contracts with Galileo have
been purchased by New Plan Excel Realty Trust, Inc. (NYSE: NXL), a shopping
center REIT. Galileo has purchased CBL's equity interest in the joint venture.

     Concurrent with the transaction, CBL has received in exchange for its
equity interest from Galileo full ownership of Springdale Center in Mobile, AL,
and Wilkes-Barre Township Marketplace in Wilkes - Barre Township, PA. New Plan
has assumed management and leasing of these two properties.

     CBL & Associates Properties, Inc. is the fourth largest mall REIT in North
America and the largest owner of malls and shopping centers in the Southeast,
ranked by GLA. CBL owns, holds interests in or manages 122 properties, including
72 enclosed regional malls. The properties are located in 24 states and total
67.4 million square feet including 2.0 million square feet of non-owned shopping
centers managed for third parties. CBL currently has eight projects under
construction totaling approximately 1.5 million square feet. The projects
include two open-air shopping centers located in Ft. Myers, FL, and Memphis
(Southaven, MS), TN, three community centers and three expansions. In addition
to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham),
MA. Additional information can be found at cblproperties.com.



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