BALTIMORE, MD--(MARKET WIRE)--Nov 6, 2008 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of the common stock of General Growth Properties, Inc. ("General Growth" or the "Company") (NYSE:GGP - News) during the period between April 30, 2008 and October 26, 2008, inclusive (the "Class Period").

The complaint charges General Growth and certain of its officers and directors with violations under the Securities Exchange Act of 1934. No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 30, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/332-0030) to answer any questions you may have in that regard.

The Complaint alleges that during the Class Period, defendants misrepresented that General Growth had the ability to refinance billions of dollars in debt that was coming due in the fall of 2008 and spring of 2009 on acceptable terms when, in fact, General Growth did not have access to such financing. The complaint further alleges that after suspending its dividend on October 3, 2008, on October 27, 2008, the Company announced it was marketing for sale its portfolio of retail properties in Las Vegas. The complaint alleges that as a result of these announcements, the value of General Growth's stock declined significantly.

If you have suffered a net loss for all transactions in General Growth Properties, Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

     CONTACT:
     Charles J. Piven
     Brower Piven, A Professional Corporation
     Baltimore, Maryland
     410/332-0030
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