News

Equity Residential Hikes Potential Bid for Archstone Stake to $1.48B

Real estate mogul Sam Zell's Equity Residential (NYSE:EQR) has raised its minimum bid for a 26.5 percent stake in the long-running battle for control of Archstone, owner of more than 70,000 U.S. apartment units. Earlier this week, the minimum bid was raised to $1.48 billion from $1.32 billion by Bank of America Corp. and Barclays Plc, which own the minority stake in the company. The banks also extended the deadline for Equity's option to buy the stake to April 19 from Feb. 19.

First Time Buyers Are Making the Most Of Stamp Duty Holiday

More First Time Buyers (FTBs) came through estate agents' doors than at any point in the previous eight months, according to the National Association of Estate Agents (NAEA) today.

Columbus Circle Condo Sells for $19.4 Million

A condo in the shimmering twin towers at 25 Columbus Circle in Manhattan has sold for $19.4 million, according to city records.