Sunstone Hotel Investors, Inc. announced the preliminary results of its previously announced modified “Dutch Auction” tender offer (the “Offer”), which expired at 12:00 midnight, New York City time, on June 27, 2008.
In accordance with the terms and conditions of the Offer and based on the preliminary count by American Stock Transfer & Trust Company, the [...]

Diamond Resorts LLC announced last week that it was buying time-share giant Sunterra Corp. The Las Vegas-based company expects the $700 million transaction to be completed sometime next quarter.
Privately held Diamond Resorts offered $16 per share, a 35 percent premium over the March 8 closing price of Sunterra’s common stock.
In a conference call, Sunterra’s interim [...]

Developers Diversified, the leading owner, operator and developer of market-dominant community centers in the U.S., and Inland Retail Real Estate Trust, Inc. (”IRRETI”) announced today that IRRETI stockholders have voted to approve the merger agreement and proposed merger with Developers Diversified. Developers Diversified and IRRETI also announced that they have set February 27, 2007 as [...]

Arizona Land Income Corporation announced that it anticipates that its 2007 Annual Meeting of Shareholders will be scheduled to be held during the second quarter of 2007. The Company also announced that, in addition to routine matters normally presented for consideration by its shareholders, the Company intends to submit to its shareholders the transactions and [...]

Great American Financial Resources, Inc. announced that American Financial Group, Inc. (”AFG”) has submitted an unsolicited proposal to the Board of Directors of GAFRI to acquire the shares of GAFRI common stock that AFG and its subsidiaries do not already own for $23.50 per share in cash. AFG and its subsidiaries own approximately 81% [...]

Lerach Coughlin Stoia Geller Rudman & Robbins LLP announced that a class action has been commenced in the United States District Court for the Western District of Missouri on behalf of purchasers of NovaStar Financial, Inc. common stock during the period between May 4, 2006 and February 20, 2007 (the “Class Period”).
If you wish to [...]

HFF, Inc. announced that the underwriters of its recent initial public offering have exercised their option to purchase additional shares in full to purchase an additional 2.145 million shares of its Class A common stock at the initial offering price.
The joint book-running managers for the initial public offering were Goldman, Sachs & Co. and Morgan [...]

Inland Real Estate Corporation announced that the Company has declared a cash distribution of $0.08 per share on the outstanding shares of its common stock, payable on March 19, 2007 to common stockholders of record at the close of business on February 28, 2007. Inland Real Estate Corporation has approximately 65 million shares of [...]

Simon Property Group Inc., owner of Charlotte’s SouthPark mall, and Farallon Capital Management will buy Concord Mills mall owner Mills Corp. for $1.64 billion.
The acquisition will be completed through a cash-tender offer of $25.25 per share for Mills’ outstanding common stock.
Including the assumption of debt and preferred stock, the deal is valued at $7.9 billion.
Farallon [...]

The Mills Corp. has agreed to be purchased by a joint venture of Simon Property Group Inc. and Farallon Capital Management LLC, Mills’ largest shareholder, for $25.25 per common share in cash, plus assumed debt.
Chevy Chase, Md.-based The Mills Corp. owns and operates the St. Louis Mills mall in Hazelwood, Mo.
Mills said Friday that [...]

The Mills Corp., which owns the Great Mall in Milpitas, and Farallon Capital Management LLC said Friday they’ve reached an agreement for Simon Property Group entity and funds managed by Farallon to purchase The Mills for about $1.64 billion.
The deal between San Francisco-based Farallon and Mills Corp. calls for about $25.25 per common share in [...]

The Board of Directors of AMB Property Corporation® declared a regular cash dividend for the quarter ending March 31, 2007 of $0.50 per common share. The dividend reflects an annual indicated rate of $2.00 per common share, an increase of 8.7% over the 2006 annual dividend rate of $1.84 per common share. The dividend [...]