Exhibit 99

Red Cliffs Mall Announces New Dillard's Store

    ST. GEORGE, Utah & LITTLE ROCK, Ark.--(BUSINESS WIRE)--April 26,
2006--Red Cliffs Mall announced today Dillard's will build a new 90,000
square foot store in the department store shell on the north end of
the mall. The new store will be more than twice the size of the
current Dillard's store, and will feature a new home store as well as
an expanded shoe area, among other improvements, and will enable
Dillard's to present an expanded selection of more upscale and
contemporary fashions. Construction is set to begin this summer with
the new store expected to open in September.
    Dillard's Chief Executive Officer William Dillard, II stated, "We
are pleased to announce a new, bigger and better Dillard's store at
Red Cliffs Mall. We have enjoyed a five year presence in St. George
and are happy to underscore our commitment to the area with a
beautiful new facility."
    "Building the new store exemplifies Dillard's commitment to the
St. George community, and is another step in the mall's continuing
dedication to deliver our customers what they want, when they want it
and where they want it," stated Mark Thorsen, property manager of Red
Cliffs Mall.
    In addition to the expansive new Dillard's store, Red Cliffs Mall
will soon welcome an additional 15,000 square feet of new retailers
that will continue to reinforce Red Cliffs Mall as an exceptional
shopping destination in the heart of the St. George community. Many of
these retailers, which will be announced at a later date, will be
entering the market for the first time.
    Red Cliffs Mall is owned and managed by General Growth Properties,
Inc., the second largest U.S.-based publicly traded Real Estate
Investment Trust (REIT). General Growth currently has ownership
interest and management responsibility for a portfolio of 210 regional
shopping malls in 44 states, as well as ownership in planned community
developments and commercial office buildings. The Company portfolio
totals approximately 200 million square feet of retail space and
includes more than 24,000 retail stores nationwide. General Growth
Properties, Inc. is listed on the New York Stock Exchange under the
symbol GGP. For more information, please visit the Company Web site at
http://www.generalgrowth.com.

    Dillard's, Inc. is one of the nation's largest fashion apparel and
home furnishing retailers. The Company's 330 stores operate with one
name, Dillard's, and span 29 states. Dillard's stores offer a broad
selection of merchandise, including products sourced and marketed
under Dillard's exclusive brand names. For more information, please
visit the Company Web site at www.dillards.com.

    CONTACT: Red Cliffs Mall
             Mark Thorsen, 435-986-1980 x22
             Fax, 435-673-8959
             or
             Dillard's, Inc.
             Julie J. Bull, 501-376-5965
             Fax, 501-376-5917