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Integra Launches Real Estate Investment Initiative

Arizona-based Integra Group Real Estate LLC is rolling out a new program for investors seeking to tap into the U.S. housing market. Providing "education, guidance, and opportunities" for investing in the current real estate environment, the company has announced the launch of the Integra Group Multi-Family Home Investors Initiative.

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Failed Bank List Hits 49 Year-to-Date

The FDIC added two more banks to this year's failed bank list Friday, bringing the total year-to-date to 49. The two shuttered banks were located in Illinois and Florida, each marking the eighth bank in their state to close this year.

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Abbey Puts a Second Mega-Mansion on the Market

Don Abbey, the famed founder of eponymous commercial real estate company The Abbey Co., has put another mega property on the market. Recently listing his massive estate in Montana, Abbey has now put his equally expansive California abode up for sale at $78.8 million.

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Goldman Sachs Seeks Dismissal of Class Action Securities Suit

Goldman Sachs is asking the U.S. Supreme Court to dismiss a mortgage securities class action lawsuit that the company says could cost Wall Street tens of billions of dollars, according to a report from Reuters. The bank is facing a suit from the NECA-IBEW Health & Welfare Fund, which is suing on behalf of investors who say they were misled about the securities' risk. Goldman's lawyers are arguing against the suit, citing a 2011 decision that investors may not sue over securities they did not purchase themselves.

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Construction Spending Up Slightly in September as Housing Picks Up Steam

Construction spending rose 0.6 percent in September to its highest level since 2009, the Census Bureau reported Thursday. Spending during the month was estimated at a seasonally adjusted annual rate of $851.6 billion, up from the revised August estimated of $846.2 billion. Private residential construction posted a 2.8 percent gain from August. That improvement was mostly driven by single-family building, which rose 3.9 percent as low mortgage rates spurred increased demand for new homes.

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