Vornado sweetens EOP property bid
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Vornado Realty Trust moved on Sunday to make its $23.2 billion bid for top U.S. office landlord Equity Office Properties Trust more attractive by offering to pay the cash portion up front.
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The acquisition of EOP has a ripple effect throughout the industry.
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The Blackstone Group officially took possession of about 12 million square feet of office property in the Boston area yesterday as it completed the nation's largest private real estate purchase ever, from Equity Office Properties Trust for $39 billion .
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Vornado Realty Trust dropped out of the high-stakes bidding war for Equity Office Properties Trust, the nation's largest office landlord, one day after private equity firm Blackstone Group again sweetened its offer.
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Vornado Realty Trust  said on Wednesday it terminated its cash and stock proposal to acquire Equity Office Properties Trust , paving the way for private equity firm Blackstone Group to take over the top U.S. office landlord for $23 billion.
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Upscale home builder Hovnanian Enterprises Inc  is holding a three-day sales event in southern California that effectively cuts home prices by up to $100,000 through incentives and offers extra appliances and upgrades.
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Vornado raised its bid to $56 a share in cash and stock, or $41 billion, topping a bid of $54 a share from the private equity giant Blackstone Group.
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Vornado Realty Trust  said on Thursday it had raised its takeover offer for Equity Office Properties Trust  to $56 per share, or $23.24 billion, above a rival bid of $54 per share from private equity firm Blackstone Group.
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The Latin American gold miner ups the ante in its takeover bid once again.
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The offering, which would be the world's largest this year, is now scheduled to float Dec. 20.
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Its latest deal for eStara furthers its e-commerce agenda.
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Private equity firm Blackstone Group won a 3-month bidding war to acquire Equity Office Properties Trust  on Wednesday after a majority of the top U.S. office landlord's shareholders accepted Blackstone's $23 billion bid and Vornado Realty Trust  dropped out.
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Initial public offering, which is expected to raise more than $480 million, could be set for as early as Thursday.
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An auction of foreclosed homes, many of them in fast-growing exurban and desert communities east of Los Angeles, brought out a crowd of potential buyers.
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By David Bracken, The News & Observer, Raleigh, N.C.  Feb. 16--FUQUAY-VARINA -- Developer Bill Akins doesn't mind being one of the first to bet on downtown Fuquay-Varina's re-emergence; he just hopes to eventually have some company.
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Playa Phase 1 Commercial Land Company has completed the sale of  approximately 64 acres zoned for commercial development at Playa Vista  to a joint venture of Tishman Speyer and Walton Street Capital LLC.
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Auction company is apparently drawn to the classifieds model pioneered by community resource site.