Kimco Realty Corp., New Hyde Park, N.Y., has priced a public offering of 10 million shares of its common stock at $37.10 per share. UBS Investment Bank, Citi, and Wachovia Securities are the joint book-running managers for the offering. Kimco has granted the underwriters an option to buy up to 1.5 million additional shares to cover any overallotments. The net proceeds will be used for general corporate purposes, the company said. Kimco, a real estate investment trust specializing in shopping centers, can be found online at http://www.kimcorealty.com.
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A memo from Fannie Mae and Freddie Mac has separate links for each company's form to ask for the policy exception for compliance with the Nov. 2 deadline.
14m ago -
Better must formally accept the proxy results, which would move forward the founder's plan to reshape the board of directors and tap a new interim CEO.
2h ago -
Nearly 21% of the homes for sale were reduced in price during September, the highest for the month on record, while inventory grew over 5%, Realtor.com noted.
3h ago -
Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
3h ago -
The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
4h ago -
New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
September 29









