Bankrupt shopping mall owner General Growth Properties won approval from a bankruptcy court for its reorganization plan, which will affect more than $10 billion in mortgage loans, the Chicago-based company said Tuesday.

The U.S. Bankruptcy Court of the Southern District of New York confirmed the reorganization plan for 194 debtors owning 85 regional shopping centers, 15 office properties and three community centers associated with approximately $10.25 billion in secured mortgage loans.

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