Homebuilders upped the number of building permits by 4.8 percent since September, but they are concentrating on rental housing, reports TheStreet.com. Bloomberg reveals that regional mall REIT Simon Property Group has been buying up shares of smaller rival Macerich. American Realty Capital New York City REIT closed on the purchase of 570 Seven Avenue in New York City, according to Commercial Observer. These are among todays top stories from around the commercial real estate industry.
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