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Mid-America nears $4bn Post Properties deal

  Bloomberg Mid-America Apartment Communities Inc., a real-estate investment trust, is close to a deal to buy Post Properties Inc. for about $4 billion as demand for rental properties booms, The Wall Street Journal reported. Post Properties shareholders will get 0.71 share of new MAA stock for each share in a deal, according to the newspaper’s website, which cited people ...

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Singapore home sales at highest in a year as prices drop

  Bloomberg The number of new homes sold in Singapore rose to the highest in a year in July, with buyers snapping up new projects after almost three years of price declines. Developers sold 1,091 units last month, compared with 536 in June, according to data released Monday by the Urban Redevelopment Authority. That’s the highest since July 2015, when ...

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Extell’s NYC luxury condo project gets needed cash

  Bloomberg In a bid to keep its planned Central Park Tower afloat, Extell Development Co. agreed to a deal that might one day force it to part with the luxury condo project. A joint venture with China’s SMI USA to build the $3 billion skyscraper on Manhattan’s Billionaires’ Row comes with a deadline: If a construction loan isn’t obtained ...

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