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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 17, 2010

Page

13

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.

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.

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.

Washington Transportation Department Toyota United States Texas Kentucky Akio Toyoda Japan

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