American Financial to Buy Office Space
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American Financial Realty Trust on Tuesday agreed to acquire 252 commercial properties from Bank of America NA for a total price of about $570 million excluding unspecified transaction expenses.
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Vornado Realty Trust  said on Wednesday it has 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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Hyatt Corp. on Thursday said it agreed to buy AmeriSuites, an upscale limited-service hotel chain that it said would complement its full-service portfolio.
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Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.
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Brookfield Properties Corp., which owns 48 commercial sites including the World Financial Center in New York, bought a 19-story office tower in Rosslyn, Virginia, from Deutsche Immobilien Fonds AG for $106 million.
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Bank of New York Co.  on Monday agreed to buy Mellon Financial Corp. , for $16.5 billion, combining two storied names in American finance to create a powerhouse in asset management and custody services for institutional investors.
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NYSE Euronext  said on Thursday it agreed to acquire the American Stock Exchange for $260 million in stock to boost its business in options, exchange traded funds and other products.
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Relatively well-off people in Manhattan or San Francisco or Seattle tend to pay their rents. Financial markets, especially the asset-backed ones that are so key to leveraged buy-outs, like this kind of stability. So it is fairly surprising that real estate investment trusts focusing on apartments have not been the subject of private equity interest - until now at least. On Tuesday, Tishman Speyer Properties and Lehman Brothers (NYSE:LEH) offered an enterprise value of $22bn for Archstone (NYSE:ASN)-Smith, known for its high-quality portfolio in sought-after cities such as New York.
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Liberty Mutual Group, the second-largest international insurer based in the United States, bought an office and retail building across the street from its headquarters in Boston for about $28 million. The building, at 330 Stuart St., has 105,000 square feet of space, Liberty Mutual said. The seller was the Massachusetts Higher Education Assistance Corp. Liberty Mutual plans to renovate the ...
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Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry shakeout that has rattled global markets.
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Bank of America Corp, the  second-largest U.S. bank, is in advanced talks to buy  Countrywide Financial Corp, the largest U.S. mortgage lender, a  person familiar with the matter said on Thursday.
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SYDNEY/NEW YORK  - Australia's Centro Properties Group  has agreed to buy New Plan Excel Realty Trust  for about $3.4 billion in cash, accelerating the group's push into the United States.
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Asia-focused bank Standard Chartered Plc said on Tuesday it had agreed to buy American Express Bank for around $860 million in cash to boost its private banking and correspondent banking services.
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THE REGION One Congress St., a nine-story parking garage with two floors of office space on top and shops below, was sold for $243 million to Raymond Property Co. and the annuity plan National Electrical Benefit Fund. They bought the property from RAK Group of New York and Stockbridge Real Estate Funds Inc., according to the real estate firm Cushman ...
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United Dominion Realty Trust Inc. , one of the largest U.S. apartment owners, said on Tuesday it plans to buy &#36;897 million worth of apartment homes, moving from lower-rent housing to more expensive properties based mainly in fast-growing Southern California.
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Citigroup said today that it had agreed to buy the wholesale mortgage origination and servicing assets of Ameriquestâs parent, ACC Capital Holdings, for an undisclosed price.
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Similar deals are expected to follow  Bank of America Corp's  agreement on Friday to acquire  battered mortgage lender Countrywide Financial Corp  for  a knock-down price of $4 billion in stock.