CHICAGO — General Growth Properties Inc., whose Hawai'i holdings include Ala Moana Center and Ward Centers, failed to reach unanimous agreement with lenders on extending the maturity of $900 million in loans for properties in Las Vegas that were due on Dec. 12.

Asked if the company was in default on the Las Vegas loans, General Growth spokesman Tim Goebel said the lenders "haven't acted against us and we're talking."

Talks with the lenders who hold the mortgages on the Fashion Show and the Palazzo properties are continuing, the Chicago-based company said yesterday in a statement. General Growth lost 96 percent of its value this year on investor concern that it is carrying too much debt amid a global credit crisis that has decimated consumer spending and reduced real estate values. The company had $25 billion of mortgages, notes and loans as of Sept. 30.