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					FOR IMMEDIATE RELEASE Contact: Melissa Warren – 702-933-7777 or 528-5016 McKinzie Cogswell – 702-933-7777 or 234-5307 Faiss Foley Warren Public Relations

THE SHOPPES AT THE PALAZZO ANNOUNCE HIGH-END BOUTIQUES AND CELEBRITY-CHEF RESTAURANTS Retail center home to Barneys New York sets new standard for luxury retail on Las Vegas Strip LAS VEGAS, NV (March 2008) – The recently opened Shoppes at The Palazzo, a 450,000square-foot luxury destination retail center owned by General Growth Properties (NYSE:GGP) considered the new standard on the Las Vegas Strip for luxury retail - is home to an 85,000-square-foot Barneys New York and boasts more than 60 luxury brands and names. According to Daniel J. Sheridan, executive vice president of General Growth Properties, Inc., the second largest U.S.-based publicly traded real estate investment trust and largest retail owner and operator in Las Vegas, The Shoppes at The Palazzo comprises one of the city’s most comprehensive and luxurious retail offerings to date. “With more than 30 brands that are firsts-to-the-market, including Barneys New York and the city’s most impressive line-up of fashion industry names, The Shoppes at The Palazzo is the new standard for Las Vegas luxury retail and dining,” said Sheridan. “It offers an unparalleled collection of exclusive luxury brands - including many stand-alone boutiques new-to-Nevada, and even a few brands that are opening their first worldwide or U.S. stores. The Shoppes at The Palazzo is the new ‘it’ luxury retail center in Las Vegas that is destined to become a haven for the trend-setting fashion-elite – locally, nationally and internationally.” . Located within The Palazzo Las Vegas, the nearly $1.8 billion, Italian-style stand-alone resort developed by Las Vegas Sands Corp.(NYSE:LVS) adjacent to The Venetian Resort Hotel Casino, The Shoppes at The Palazzo officially marked its opening on January 17 with a celebrity-studded party at Barneys New York that featured appearances from Hillary Swank, Angie Harmon, Claire Danes and Rebecca Romijin. According to Rich McKeown, senior general manager of The Shoppes at The Palazzo and The Grand Canal Shoppes at The Venetian, “Barneys New York is more than just the world’s emporium of style, it serves as a landmark for The Palazzo. Barneys, considered by many the ultimate mecca for the fashion-forward, is an unparalleled calling card for this ultra-luxurious retail destination.” The Shoppes at The Palazzo boasts designer boutiques including: Andrew’s Ties, Annie Creamcheese, Anya Hindmarch, Barneys New York, Bauman Rare Books, Bellusso, Billionaire Italitan Couture, Bottega Veneta, Burberry, Canali, Canturi Jewels, Catherine Malandrino, Charriol, Chloé, Christian Louboutin, Coach, Cole Haan, Diane von Furstenberg, EDIDI New York, Elton’s, Fendi, Fresh, GAL, Guerlain, Ice Jewelry, Jimmy Choo, Lambertson Truex, Links of London, Max Mara, Mezlan, Michael Kors, Montblanc, Niccole & Maffeo, Optica, Piaget, Piazza Sempione, Prosecco, Poleci, Ralph Lauren, Salvatore Ferragamo, Scene, Thomas Pink, Tory Burch, Van Cleef & Arpels, Venetzia and Victoria’s Secret.

It’s also home to nearly a dozen restaurants - many of them celebrity-chef owned and operated including: Carnevino, CUT, Dal Toro Ristorante, Dos Caminos, Double Helix Bar + Double Helix Boutique, Espressamente illy , Grand Lux Café, Jade, Mainland, Morels French Steakhouse & Bistro, Restaurant Charlie by Charlie Trotter, SUSHISAMBA , Table 10 and Woo. “The Shoppes at the Palazzo combined with The Palazzo creates the world’s most electrifying entertainment venue,” said Sheridan. “In Las Vegas, where five-star dining and celebrity-patronized nightclubs are the norm, that’s a strong statement. But The Palazzo has all the right ingredients – luxury shopping, dining and nightlife – set to epitomize a new definition for Las Vegas as Entertainment Capital of the World.” When combined with the neighboring Venetian and Sands Expo and Convention Center, The Palazzo is the largest hotel and convention complex in the world. In addition to more than 3,000 allsuite rooms, The Palazzo includes approximately 100,000 square feet of casino space, approximately 450,000 square feet of meeting and convention space, a newly expanded 65,000-square-foot Canyon Ranch Spa and a lavish, 1,800-seat theater premiering with Jersey Boys, opening in spring 2008. The Grand Canal Shoppes at The Venetian and The Shoppes at The Palazzo, though separate and distinct shopping centers, are connected via pedestrian walkways to offer an unparalleled combination of shopping and dining options – including a combined 160-plus high-end stores and boutiques and 30 restaurants. The Shoppes at The Palazzo is the newest member of the elite collection of America’s Premier Shopping Places (www.AmericasShoppingPlaces.com), the nation’s largest collection of tourism oriented shopping centers from Boston to Hawaii. For additional information on The Shoppes at The Palazzo and a complete list of stores and restaurants, please visit www.theshoppesatthepalazzo.com or call 702-414-4525. GENERAL GROWTH PROPERTIES, INC. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. In Las Vegas, General Growth’s portfolio includes Fashion Show (1.8 million sf); The Grand Canal Shoppes at The Venetian (500,000 sf); The Shoppes at The Palazzo (450,000), Meadows Mall (950,000 sf); and The Boulevard Mall (1.2 million sf). Future southern Nevada retail centers include The Shoppes at Summerlin Centre (1.6 million sf), opening Fall 2009 and Echelon (300,000 sf), opening 2010. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, visit http://www.generalgrowth.com. -30January 2008


				
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