Real Estate

Simon Property Group to Acquire REIT Taubman Centers

On Monday, Simon Property Group Inc. (NYSE: SPG) announced it has agreed to acquire real-estate investment trust Taubman Centers Inc. (NYSE: TCO) in an all-cash deal valued at USD 3.6 billion.  Taubman shares surged 53% early...

Home Prices Ramped Up in September

After home prices faltered for most of the year, home prices began to gain throughout September. On a national level, prices rose by 3.2% annually in September, up from a 3.1% gain in August, according to CNBC, citing the...

U.S. Housing Starts Reach 12-Year High in August

U.S. homebuilding reached a more than a 12-year high in August as both single- and multi-family housing construction sped up, suggesting that lower mortgage rates finally gave the housing market a boost. Wednesday’s report...

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