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$GGP 2Q15 Q&A: Schmidt from BofA asked how long will it take to start leasing the 50% of the JV space with the 12 Sears that you have? Sandeep replied the process has started. We would expect that it would take 12-18 months to get the leasing activity going, getting the approvals. We don’t expect to start the redevelopment activity until 2017.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.