The group sent a letter to Macerich, offering to acquire the company's outstanding stock for $91 a share — a total of approximately $22.4 billion.
Real estate sector representatives say the vacancy rate for commercial real estate is declining, which could spur new developments.
Real estate developer Gene Glick and his wife Marilyn donated millions of dollars to nonprofit organizations in Indiana.
Home prices have increased 12.2 percent nationwide in the last year, while Indiana prices have remained more moderate, a CoreLogic study indicates.
The expansion provides additional funding and expands the programs eligibility criteria.
Indiana‘s commercial real estate sector is performing better than it has since the recession.
Real estate experts say low interest rates are fueling the market.
After fire destroyed part of the factory in 2011, For Bare Feet moved its operations to Martinsville and gave the old site to the Brown County commissioners.
Home interest rates are being advertised as historic lows, but to get those rates, realtors say buyers need above average credit.
While the number of homes sold went up, the median selling price was down slightly, about $133,000.