Posts Tagged ‘Bank of America’

Pinnacle Entertainment to Present at Investor Conferences

Monday, November 17th, 2008

Pinnacle Entertainment management will present at the following upcoming investor conferences: the Gaming Investment Forum (held in conjunction with the Global Gaming Expo) on November 18 in Las Vegas, NV; and the Bank of America 2008 Credit Conference on November 20 in Orlando, FL. A copy of each presentation will be accessible at the [...]

Quinlan Private eyes MWB hotel units-paper

Sunday, July 15th, 2007

Irish property investor Quinlan Private is interested in buying the hotel operating business Malmaison and Hotel du Vin from property firm Marylebone Warwick Balfour Group Plc, the Sunday Telegraph reported.
Quinlan Private was not immediately available for comment.
MWB said on Friday that it had started talks over a possible sale of the businesses, adding that [...]

Hotel buyouts a bonanza for many mutual funds

Sunday, July 8th, 2007

Hotel buyouts are proving a bonanza for mutual funds which snapped up Hilton, Marriott and other hotel stocks after the September 11, 2001, attacks.
Private-equity firm Blackstone Group’s (BX.N) $20 billion bid for Hilton Hotels Corp. (HLT.N) on Tuesday sparked a 27 percent rise in shares of the second-biggest U.S. hotel chain over Thursday and Friday, [...]

Slump in condo sales puts heralded project in default with main lender

Wednesday, May 23rd, 2007

Pond View Village, a heralded experiment at turning a former industrial site into 124 units of heavily subsidized affordable and market-rate housing, has been unable to sell condos in a glutted market and has defaulted on its main lender.
It teeters at the brink of foreclosure.
Cape Ann Housing Opportunity, the community-based nonprofit organization that last year [...]

City proceeds with Weir condo projectWeir condo project

Tuesday, April 24th, 2007

The Taunton City Council was less than enthusiastic in giving the go-ahead to spending at least $400,000 more in grant money for what is hoped to eventually be the conversion of an old mill complex along Taunton River into condos.
The reasons the council approved proceeding with the project included that $118,000 in grant money [...]

Brookfield Properties Three-for-Two Stock Split

Tuesday, February 13th, 2007

Brookfield Properties Corporation announced that subject to receipt of all necessary regulatory and shareholder approvals it will proceed with the three for two division of its common shares by way of a stock split of the company’s voting securities as opposed to by way of a stock dividend as previously announced. Accordingly, the stock split [...]

AvalonBay buys Baltimore development for $78.5 million

Saturday, February 10th, 2007

AvalonBay Communities has acquired the Centerpoint development on Baltimore’s west side for $78.5 million, according to a company official.
Alexandria-based Avalon Bay, a real estate investment trust, is making its first foray into the Baltimore market with the Centerpoint deal. It completed the deal with Bank of America last month.
The Centerpoint project takes up an entire [...]

Lear and American Real Estate Partners, L.P. Announce a Merger Agreement Whereby Lear Will be Acquired for Approximately $5.3 Billion

Friday, February 9th, 2007

Lear Corporation ,a leading global supplier of automotive seating, electronics and electrical distribution systems and American Real Estate Partners, L.P. , “AREP”, a diversified holding company engaged in a variety of businesses and an affiliate of Carl C. Icahn, today announced that they have entered into an agreement for Lear to be acquired by AREP, [...]

Rockland City Council mulls condo deal

Friday, February 9th, 2007

The altered document was reviewed Thursday night at a special city council session and will be voted on Monday, Feb. 12 at the council’s regular meeting.
The roughly 32,000-square-foot building, which presently houses the Maine Lighthouse Museum and the city police station, is leased by the city from property owner Bank of America. The lease was [...]

Lewis downplays Countrywide acquisition talk

Thursday, February 1st, 2007

Bank of America Corp. Chief Executive Ken Lewis has cast doubt on his company’s reported interest in mortgage lender Countrywide Financial Corp., stressing BofA’s strategy is one of organic growth.
Last week, Financial Times reported Charlotte-based BofA and Countrywide were discussing a merger or a joint venture that would pair the nation’s second-largest bank in terms [...]

BofA in merger talks with Countrywide

Sunday, January 28th, 2007

Bank of America Corp. is in talks with Countrywide Financial Corp. that could lead to a merger, according to a report on the Financial Times’ Web site.
The companies have held discussions about an alliance that would be the nation’s biggest mortgage lender, the newspaper says, citing people close to the matter.
Those talks could lead to [...]

ProLogis to Participate in the Bank of America 2007 ‘Out of the Box’ REIT Summit

Friday, January 26th, 2007

ProLogis , the world’s largest owner, manager and developer of distribution facilities, announced today that it is participating in Bank of America’s 2007 “Out of the Box” REIT Summit being held at Le Parker Meridien in New York City today. Mike Peters, first vice president of global solutions, will be participating in an industrial [...]