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« Lennar Profit Tumbles 39 Percent on Buyer Incentives as Housing Sales Slow | Main | New Home Sales Rise by 4.1 Percent »

GE to Buy Crow Family Real Estate for $2.2 Billion

General Electric Co.'s real-estate unit agreed to buy 147 properties across the U.S. from a fund run by the Trammell Crow family's investment firm for $2.2 billion. The acquisition includes 19 shopping centers, which GE will sell to Kimco Realty Corp. for about $920 million, according to a statement today from Crow Holdings, the family's Dallas-based firm.
via: Bloomberg

Posted at 02:55 PM |

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