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Mall owner with 2 Utah properties trying to stave off bankruptcy

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Troubled mall owner General Growth Properties Inc., trying to stave off a bankruptcy filing, said it is still trying to negotiate an extension on $900 million in debt that is due to be repaid Friday, but warned there can be "no assurance" it will get a reprieve.

The mortgages cover two Las Vegas malls, Fashion Show and Palazzo. Earlier this month, Chicago-based General Growth, which owns Fashion Place and Cottonwood malls in Utah, received a two-week extension on the loans.

The nation's second-largest shopping mall owner has been hit hard by the credit crunch, as it piled up a staggering debt load during the real estate market's boom years.