Burswood packs $44.9m punch
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CASINO operator Burswood has posted a better than expected net profit of $44.9 million for its final year before it is swallowed by Kerry Packer&#39;s media and gaming giant Publishing &amp; Broadcasting Ltd.
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The Blackstone Group  raised its bid for Equity Office Properties Trust  to $23 billion in cash on Tuesday after rival bidder Vornado Realty Trust  sweetened its own offer in the latest round of the fight to control the top U.S. office landlord.
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Steve Flesch shot a seven-under-par 65 yesterday to take sole possession of the lead after two rounds of the inaugural Turning Stone Resort Championship in Verona, N.Y. He was at 13-under 131 and one stroke ahead of the first-round co-leader Jeff Gove (67) and Brendon de Jonge, who had a second consecutive 66. Charles Warren (65) was alone in fourth, another shot back.
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One new stock has left quite a footprint.
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Boston Wharf Co. today is set to sell about half of its remaining portfolio of historic brick buildings in the Fort Point Channel area to Berkeley Investments Inc. for $97 million, Berkeley executives said yesterday.
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Blackstone Group LP, the private equity firm that bought Equity Office Properties Trust in the biggest leveraged buyout ever, has sold 53 buildings in Washington, D.C., Portland, Ore., and Seattle for $7.55 billion, said three people with direct knowledge of the transactions.
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Â· More than Â£1bn moved to 28 countriesÂ· Property in London, New York, Australia.
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Britain's largest housebuilder Persimmon  reports record profits and says the housing market remains strong.
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Ritchie Bros. Auctioneers conducted its largest sale to date in company history last week in Moerdijk, (Rotterdam), the Netherlands, earning over $68 million in gross auction sales.
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The retailer reports another stellar quarter.
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Canada-based Brookfield Asset Management  Inc. (BAMa.TO) made an approach to buy out Australia's  Multiplex Ltd. , sending shares in the A$4 billion ($3  billion) construction and property firm up as much as 8  percent.
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Commercial real estate is positively smoking. That was made plain by two big deals this week, one of them (nominally) the biggest leveraged buyout in history.
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By Hiroko Sato, The Sun, Lowell, Mass.  Feb. 27--DUNSTABLE -- Leah Basbanes talked about it whenever she ran into  her neighbors at the transfer station over the past year.
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Pitcher and Piano owner Wolverhampton &amp; Dudley says it is buying smaller rival Burtonwood for 119 million pounds after meeting forecasts with higher annual profits.
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The retailer has a winning formula.
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By Seattle Times  Jun. 10--These are good times for commercial real-estate brokers.   Nowhere was that more apparent than at the $40,000 party that the Hines development company threw May 31 to celebrate the topping out of Bellevue's Tower 333.
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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 .