Reuters Turkish conglomerates are racing to add high-end apartment blocks and office towers to Istanbul’s rapidly-changing skyline, turning to one of the world’s most profitable real estate markets for quick returns as other parts of the economy suffer. Anadolu Holding, which has interests in banking, retail and brewing, plans to venture into real estate with two developments in Istanbul ...

  Bloomberg Cousins Properties Inc. agreed to buy Parkway Properties Inc. for about $1.95 billion in stock, then spin off the combined company’s Houston office buildings into a separate real estate investment trust. Parkway shareholders will receive 1.63 shares of Cousins stock for each share they hold, the companies said in a statement. The deal values Parkway at $17.46 a ...

  AP U.S. home prices continued their steady upward march in February as buyers competed for a limited number of available properties. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.4 percent that month compared with a year earlier, according to a report released on Saturday. That’s down slightly from January’s 5.7% rise. Prices are rising even as sales ...