The economic downturn is threatening the sale of Reed Business Information RBI, parent firm Reed Elsevier reveals. In an update on trading, Reed says completion of a deal "cannot be certain", citing the worsening "economic and credit environment". Shares in...
NEW YORK, Oct. 28 /PRNewswire-FirstCall/ -- Lexington Realty Trust today announced that Lexington agreed to the forward purchase of 3.5 million of its common shares, and an affiliate of Vornado Realty Trust agreed to purchase 8.0 million common shares of Lexington and an affiliate of Winthrop Realty Trust...
NEW YORK, Oct. 28 /PRNewswire/ -- Apollo Real Estate Advisors today announced that it will change its name to AREA Property Partners effective January 15, 2009. Its new name formalizes the firm's independence and marks a new chapter in its history, the firm said. AREA Property...
PARAMUS, N.J. -- VORNADO REALTY TRUST (NYSE:VNO) announced today that it has agreed to purchase 8.0 million common shares (out of a block of 18.7 million being sold) of Lexington Realty Trust (NYSE:LXP) for $5.60 per share. These shares were previously held by an affiliate of Apollo Real Estate Advisors...
Tanger Arches opens with a flourish in Deer Park The ribbon was cut Thursday on the new $298 million Tanger Outlets at the Arches shopping plaza in Deer Park. Long Island's first environmentally certified shopping center is a collaborative effort of Syosset-based Blumenfeld...
Lilker Associates, a multidisciplined mechanical and electrical engineering firm headquartered in midtown Manhattan, is relocating its Long Island office from 300 Broadhollow Road in Melville to Station Plaza, 100 Duffy Avenue, in Hicksville. Lilker's new Long Island space--at 4,000-square-feet--is more than three times the size of their current...
[ILLUSTRATION OMITTED] Caption: The National Realty Club lunch meeting recently held at The Williams Club featured Richard J. Mack, managing partner, Apollo Real Estate Advisors, who discussed the impact of turmoil in worldwide capital markets on today's real estate industry. Pictured (l-r) are Tom Graf, NRC president and...
The escalating turmoil on Wall Street and in the financial industry has caused great concern among Oklahoma commercial real estate professionals. While the national industry is bracing for choppy waters over the next six to 12 months, there are some factors that could help Oklahoma soften the blow. ...
NEW YORK, Aug. 19 /PRNewswire/ -- Apollo Real Estate Advisors announced that it has raised additional capital for its debt investment fund, Apollo Real Estate Finance Corp. AREFIN. Apollo increased overall capital for AREFIN's investment program from $621 million to $930 million through the formation of AREFIN Co-Investment...
Hotel Expands Orlando's Convention Center Offerings with SMART Design ORLANDO, Fla. -- Apollo Real Estate Advisors, Rida Development Corporation, Hilton Hotels Corporation executives, meeting planners, Orlando city officials and civic leaders celebrated today at a topping off ceremony of the long awaited 1400-room Hilton Orlando, connected to the...
[ILLUSTRATION OMITTED] Fishbach was recently involed in the leasing of 66,000 s/f 90-30 Metropolitan Avenue in Forest Hills, Queens to Trader Joe's, Michaels and Staples. He also leased 32,000 s/f to 24 Hour Fitness at Fordham Place on Fordham Road in the Bronx and he handled the sale...
DALLAS: Jones Lang LaSalle Hotels is pleased to announce that it provided brokerage advisory services to Ashford Hospitality Trust in the sale of the Hilton Dallas Lincoln Centre to AP VEF Hilton Dallas Owner's LLC, an affiliate of Apollo Real Estate Advisors, L.P. for $72.25 million. The Hilton...
Apollo Real Estate Advisors has closed Apollo Value Enhancement Fund VII, L.P., with a total of $758 million, the firm announced. Apollo's Value Enhancement Funds employ a flexible investment strategy focusing on existing, income-producing U.S. properties which present opportunities to increase value. Apollo Value Enhancement Fund VII will...
PHOENIX -- Apollo Group, Inc. (Nasdaq:APOL) ("Apollo Group," "Apollo" or "the Company") today announced the appointment of Charles "Chas" B. Edelstein as Chief Executive Officer and Director, effective August 26, 2008. Apollo's founder, Dr. John G. Sperling, continues to act as Executive Chairman of the Board of...
Cityscape USA Presenters to include Donald Trump Jr., Trump organization, Henry Cisneros Former U.S. Secretary of Housing and Urban Development, and Richard Kincaid, Principal of Lakeshore Holdings NEW YORK -- Dubai-based Cityscape, the world's largest emerging markets real estate brand, has announced its lineup for...
Completed Sales and Announced Contracts Reach $310 Million in 2008 DALLAS -- Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced it has closed on the sale of the Hilton Dallas Lincoln Centre in Dallas for $72.25 million in cash to AP VEF Hilton Dallas Owner's...
CHICAGO -- William Blair & Company, L.L.C. today kicked off its 28th Annual Growth Stock Conference, a three-day event featuring nearly 200 companies and attracting investors from around the world. The conference, hosted by the firm's Research and Institutional Sales departments and held at the...
* Combined Company at Forefront of the Expanding Telematics Industry * Apollo and Management to Maintain Stake, Agrees to Two-Year Lock-up * Access to Public Markets Expected to Accelerate Expansion Opportunities NEW YORK -- Hughes Telematics, Inc., a leader in the...
Posey Post Weldon Even more stunning than the surprise retirement announcement earlier this year by Rep. Dave Weldon (R.-Fla.) at age 54, is the way that a fellow conservative Republican, State Sen. Bill Posey, wrapped up the all-important Republican nomination in Florida's 15th District. When he came...
Company Brings New CEO and CFO to Fuel Growth through Market Expansion, Increased Brand Awareness and Acquisition ANDOVER, Mass. -- California Products today announced that Peter Longo and Steven McMenamin will join the Company as Chief Executive Officer and Chief Financial Officer, respectively, effective June...
Articles 2008-06-09
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