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Stock Market & Financial Investment News

News Breaks
May 21, 2014
06:45 EDTBX, ARCPARCP intends to sell shopping center portfolio for $1.98B to Blackstone
American Realty Capital Properties (ARCP) announced that it intends to sell substantially all its multi-tenant shopping center portfolio for $1.98B in cash to affiliates of Blackstone Real Estate Partners VII (BX). ARCP has entered into a letter of intent to sell its multi-tenant shopping center portfolio to Blackstone and expects to finalize definitive documentation with Blackstone with respect to the sale in the next 30 days. The company then would use the proceeds from this sale to fund its recently announced Red Lobster sale-leaseback transaction. The properties included in this portfolio are the same properties ARCP previously announced would be spun off into American Realty Capital Centers.
News For ARCP;BX From The Last 14 Days
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January 27, 2015
09:25 EDTBXBlackstone raises energy-sector credit fund, Reuters says
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January 26, 2015
10:23 EDTBXBlackstone announces sale of Gold Fields House in Sydney
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07:55 EDTBXBlackstone to sell Sydney office building to Dalian Wanda, Reuters reports
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January 23, 2015
09:38 EDTBXBlackstone acquires 160,000 SQM of logistics assets in Germany
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January 20, 2015
10:27 EDTBXSources: Blackstone to buy 36 apartment properties for $1.7B, Bloomberg reports
According to two sources, Blackstone will acquire 36 apartment properties across the U.S. that are being sold by Praedium Group for about $1.7B, Bloomberg reports. The properties, which contain about 11,000 apartments, are located in Washington, D.C., Boston, California and other cities. Reference Link
January 15, 2015
16:22 EDTBXNewStar Financial reports increase in loan orginations
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