Marriott International Inc signed a deal to buy Cape Town-based Protea Hospitality Holdings for an undisclosed amount.
Real Estate
Private equity seen flourishing in real estate markets - Ernst and Young
Private equity investors such as the Blackstone Group resorted to new means of investing in real estate as property prices dip.
Bank of America and executive to pay damages for shoddy loans under the 'Hustle' program
The Hustle, as it was known, rewarded volume instead of quality for mortgages sold by Bank of America to Fannie Mae and Freddie Mac.
Top deals of the day - Meragers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- Healthcare conglomerate Danaher Corp has teamed up with Blackstone Group LP BX.
Vornado sells 866 UN Plaza for USD200 million
Vornado Realty Trust announced its intention to sell its Manhattan office building for USD200 million.
Latest News
French retailer Carrefour SA said it is in talks to buy a portfolio of malls owned by real estate investment company Klepierre.
An Ernst & Young Global Limited report revealed that private equity has finally made a comeback in real estate markets after a five-year hiatus.
BuildDirect.com Technologies Inc receives USD 5 mls investment from Difference Capital Financial Inc
Difference Capital Financial Inc invested USD 5 million in online home improvement products supplier BuildDirect.com Technologies Inc.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Great Portland Estates Plc and the Hong Kong Monetary Authority share half of London West End Development.
Toll Brothers Inc would be buying the home building business of privately-owned company Shapell Industries Inc for USD 1.60 billion.
Kindred Healthcare Inc. recently bought 9 nursing centers for USD83 million shortly after it purchased Senior Home Care Inc in November.
Polish constructor Budimex would be selling one of its units to private equity firm Equity Investors.
Upgrades were issued to the CPR and MTN of DHCOG including a positive outlook stamp of approval by Moody's Investor's Service.
