Simon Properties nets $10 billion bid for General Growth
Simon Property Group offers $10 billion to acquire General Growth Properties to take it out of Chapter 11. The bid would pay $6 in cash and $3 in other assets per share, with possible stock alternative for shareholders. General Growth owns Coral Ridge Mall and Westdale Mall while Glendale Galleria and South Street Seaport are prized centers.
MENTIONED IN THIS ARTICLE
Los Angeles
Simon Property Group
General Growth Properties
General Growth
Coral Ridge Mall
Coralville
Glendale Galleria
California
South Street Seaport
Manhattan
Simon
David Simon
Committee For
Alexander Goldfarb
Sandler O'Neill & Partners
Goldfarb
Houston Galleria
Fashion Valley Mall
San Diego
Lumber price rise may lift Cedar Rapids area housing costs
Real estate agent Joy Seyfer notes prime open house season while lumber prices surge raising costs for builders and buyers. Greater Cedar Rapids Homebuilders president Erusha cites a $1,400 to $2,000 potential increase in a $200,000 home, with lumber up about 5 percent over a year.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Joy Seyfer
Seyfer
Skogman Realty
Larry Druschel
McDowelll’s
Vinton
United States
Greater
Cedar Rapids Area
Erusha
Wayne Rasmussen
U.S. Demands Toyota Recall Documents
The Transportation Department ordered Toyota to produce recall documents to assess timeliness of actions in the United States. Toyota plans temporary production halts at Texas and Kentucky plants to avoid large unsold stock as the recalls unfold. Akio Toyoda faces questions in Japan amid the probe.
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Washington
Transportation Department
Toyota
United States
Texas
Kentucky
Akio Toyoda
Japan
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