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Remove Images Spin Cycle Strategic Omission by General Growth Properties by Jacob Shafer July 15, 2010 Strategic Omission... April 2009: Illinois-based General Growth Properties, which owns and operates hundreds of shopping centers across the country including ten in Hawaii and two on Maui, files for Chapter 11 bankruptcy. June 2010: In a filing with the Securities and Exchange Commission, General Growth discloses that it may soon lose a number of shopping centers due to their status as "underperforming retail assets." July 2010: General Growth transfers management of 18 shopping centers, including the Queen Kaahumanu Center in Kahului, to Illinois-based Jones Lang Lasalle. In a July 12 release, General Growth touts the move as "a long-term strategic alliance." Nowhere in the release is the word "bankruptcy" used.