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Asset Management

  • July 22, 2015

    $500M Halliburton-BlackRock JV To Fund Refracking

    Halliburton Co. and asset manager BlackRock Inc. have inked a $500 million deal to establish a joint venture that will offer Halliburton’s refracking technology to oilfield operators drilling in existing shale wells.

  • July 22, 2015

    Chatham Lodging Trust Strikes $55.5M Deal For Hotel Duo

    Florida real estate investment trust Chatham Lodging Trust has bought two hotels from the Claremont Cos. for $55.5 million, the company said on Wednesday.

  • July 22, 2015

    CFTC Settles With Atty Over Precious Metal Investment Scam

    The U.S. Commodity Futures Trading Commission has settled a lawsuit against attorney Jay Bruce Grossman over his alleged role in facilitating a precious metals investment scam while representing Hunter Wise Commodities LLC and AmeriFirst Management LLC, according to documents filed in Florida federal court on Wednesday.

  • July 22, 2015

    Real Estate Rumor Mill: Blackstone, Vanbarton, Lar Espana

    Blackstone Group LP reportedly plans to buy a $700 million Manhattan portfolio of apartment buildings, while the Vanbarton Group is buzzed to be buying the operating ground lease of a Manhattan site for $270 million and Spanish real estate investment trust Lar Espana Real Estate is said to have secured $95.1 million for a shopping center acquisition.

  • July 22, 2015

    Norges Pays Prologis $169M For Stake In Logistics Properties

    Norges Bank Investment Management, the manager of Norway’s sovereign wealth fund, has bought a 50 percent stake in a Europe logistics portfolio from Prologis Inc. for €155 million ($168.7 million), according to an announcement Wednesday from Norges.

  • July 22, 2015

    Blackstone Strikes $2.7B Deal For Norwegian Properties

    Affiliates of a Blackstone Group LP fund have carved out a significant Nordic real estate market presence in one fell swoop with a 22 billion krone ($3.2 billion) deal to pick up several real estate portfolios from an Agasti Holding SA unit, as well as another smaller deal to pick up a stake in Agasti’s operational businesses, according to Wednesday announcement.

  • July 21, 2015

    Molycorp Bondholders Plug $142M DIP Over Oaktree Loan

    Secured noteholders of Molycorp Inc. pressed a Delaware bankruptcy judge Tuesday to reject the rare-earth company's choice of a $135 million financing package from secured creditor Oaktree Capital Management LP, contending that their own $142 million loan offer represented a better deal for the debtor.

  • July 21, 2015

    Caesars Insists $30B Buyout Is Part Of Ch. 11 Probe

    Caesars Entertainment Operating Co. on Monday urged an Illinois bankruptcy court not to make the $30 billion leveraged buyout of its parent company off-limits to an investigator in its bankruptcy, saying negotiations could be undermined if the investigator does not examine all potential claims related to the LBO.

  • July 21, 2015

    SAC Beats Investors' Privilege Claims In Insider Trading Suit

    A New York federal judge on Tuesday ordered a group of investors suing SAC Capital Advisors LP over an insider trading scandal that rocked the now-former hedge fund to hand over to defendants nearly 7,000 documents the plaintiffs claimed were privileged.

  • July 21, 2015

    Fed Gives No Clues On SIFI Off-Ramp In GE Capital Rule

    GE Capital Corp. on Monday won a reprieve from many of the rules it must comply with because of its designation as systemically important, but observers were disappointed the Federal Reserve stopped short of providing a road map for escaping that status as the company attempts to shrink itself.

  • July 21, 2015

    SL Green Strikes $293M Deals For NYC Property Trio

    Taking several bites out of the Big Apple''s mixed-use real estate market, SL Green Realty Corp. announced Tuesday that it had struck a pair of deals worth about $293 million to pick up three downtown Manhattan properties.

  • July 21, 2015

    Deals Rumor Mill: Thoratec, Qualcomm, Nokia Here

    St. Jude Medical is in talks to snatch up smaller medical device maker Thoratec, chipmaker Qualcomm is expected to launch a strategic review that amid activist pressure may mull a breakup, and telecom giant Nokia is nearing the sale of its digital maps business to a group of German luxury-car makers.

  • July 21, 2015

    Dodd-Frank Foes Mark 5th Anniversary With Call To Undo Law

    Speaking to different crowds on Tuesday, two of the Dodd-Frank Act’s biggest critics in Congress used the fifth anniversary of the financial reform bill as a platform to discuss its impact on the economy, arguing that the bill enshrined “too big to fail” into law and harms competition by pressuring smaller banks into failure.

  • July 21, 2015

    Bankrupt Caesars Reaches Agreement With Junior Lenders

    Private equity-backed Caesars Entertainment Corp. and its bankrupt Caesars Entertainment Operating Co. unit on Monday said they have reached an agreement with a group of second-lien bondholders who sought a portion of lawsuit proceeds that the casino giant promised to its more senior creditors.

  • July 21, 2015

    Lululemon Brass Sued Over Ex-Chair's 'Suspicious' Trades

    Investors in yoga apparel maker Lululemon Athletica Inc. have launched a derivative lawsuit in Delaware Chancery Court, unsealed Tuesday, accusing directors of "turning a blind eye" to a series of what they say were roughly $80 million worth of "suspiciously timed" stock trades by then-Chairman Dennis "Chip" Wilson.

  • July 21, 2015

    CME Says Spoofing Suit Should Be Handled Within Exchange

    The Chicago Mercantile Exchange urged an Illinois federal judge Monday not to grant a subpoena request to HTG Capital Partners LLC, which is looking to identify a group of traders it accuses of spoofing, arguing that the information should remain confidential and that the dispute should be settled within the exchange itself.

  • July 21, 2015

    REIT Nabs Pinnacle's Gaming Assets For $4.75B

    After negotiating for months, Gaming and Leisure Properties Inc. said Tuesday it has inked a final deal for Pinnacle Entertainment Inc.'s real estate assets that values the target portfolio at $4.75 billion including debt.

  • July 21, 2015

    GLP Sets Up $7B Fund To Build China Warehouses

    Global Logistic Properties Ltd. said Tuesday that it is establishing its second China-focused logistics infrastructure fund and is looking to invest $7 billion in building warehouse facilities to meet the nation's growing e-commerce and domestic consumption needs.

  • July 20, 2015

    The 6 Biggest Dodd-Frank Surprises

    At 848 pages, it should be no surprise the Dodd-Frank Wall Street Reform and Consumer Protection Act has been a complex, time-consuming and controversial piece of legislation that has tied regulators and the industry in knots. But five years on, the law has produced some unexpected outcomes, from empowering once-sleepy regulators to squeezing small community banks. Here, Law360 looks at some of Dodd-Frank's biggest surprises.

  • July 20, 2015

    Dodd And Frank Say Act Turned US Economy Around

    On Monday, one day before their namesake bill turns 5 years old, former U.S. Sen. Chris Dodd, D-Conn., and former U.S. Rep. Barney Frank, D-Mass., sat down with pro-reform group Better Markets to talk about the legacy of the 2008 financial crisis and whether their legislation can survive Republican calls to dismantle it.