Google Inc. is said to have bought a $585 million portfolio of Silicon Valley-area office buildings, while a Hines joint venture in Italy is reportedly raising $380 million to renovate two Venice hotels and Keller Williams NYC is said to have scooped up a brokerage boutique with a hefty Manhattan rental building portfolio.
A Texas pension fund on Thursday filed a securities class action in New York federal court against Tesco PLC over the beleaguered U.K. retailer's omission that it has overstated its profits by £263 million ($421.4 million), a revelation that sent the company's stock tumbling.
American Real Estate Partners and Investcorp said Friday that they will jointly acquire for $176 million a four-building office complex outside Washington, D.C., in an area that analysts say is experiencing strong private sector job growth.
Philip Falcone’s Harbinger Capital Partners LLC said Thursday that the judge presiding over LightSquared Inc.’s bankruptcy should not rule on a bid to halt litigation against the federal government and the global positioning industry over Harbinger’s failed $1.9 billion investment in the wireless venture.
The landscape for shareholder activism has changed dramatically in the five years since Bruce Goldfarb launched Okapi Partners LLC, the proxy solicitor that recently added a landmark win for Starboard Value LP to its list of client successes. Here, he shares an insider perspective on why the recent surge in shareholder activism is only the beginning.
A former trader for U.K. asset-management giant Schroders PLC pled not guilty Friday to nine counts of insider trading in the stock of Autonomy Corp. PLC and others, setting the stage for a 2016 trial.
A Steadfast Apartment REIT subsidiary has picked up a large garden-style apartment complex outside of Atlanta for $98.5 million and plans to renovate the properties, a Friday U.S. Securities and Exchange Commission filing shows.
A California federal judge this week tossed a shareholder class action against a health records software provider and its high-ranking directors and officers after finding that their optimistic projections about the future of electronic medical records fell under the safe harbor provision of the Private Securities Litigation Reform Act.
A New York federal judge has set a court date for Argentina's fight to make payments on $8.4 billion in Argentine law-governed bonds — payments whose blockage custodian Citigroup Inc. says could expose it to criminal sanctions in the South American nation.
As head of UBS AG's wealth management business, Raoul Weil insisted every decision run through him and knew the vast majority of the Swiss bank's nearly 20,000 American accounts were not disclosed to U.S authorities, the former head of UBS' Americas operations testified Thursday in Florida federal court.
Quinn Emanuel Urquhart & Sullivan LLP on Thursday asked a New York appeals court to allow it to represent an investment management firm in a former employee’s wrongful termination suit, saying a lower court misapplied conflict of interest standards when it disqualified the law firm from the case.
Two pension funds launched another challenge to Simon Property Group CEO David Simon's pay in a derivative lawsuit unsealed late Wednesday, arguing revisions to his compensation made in the midst of a prior Delaware Chancery Court fight weren’t good enough and could hand him more than $150 million.
The message the U.S. Securities and Exchange Commission delivered to BlackRock Inc. and other fund firms this week was sudden and unusual, attorneys say, but it also was unambiguous: There is no substitute for transparency when it comes to exchange-traded funds.
U.K. asset manager Old Mutual Global Investors said on Thursday that it will merge its Old Mutual Property Fund with Henderson Global Investors' Henderson UK Property OEIC fund, creating a combined £2.7 billion ($4.3 billion) real estate investment powerhouse.
Rengan Rajaratnam has agreed to pay more than $840,000 and accept a securities industry bar to resolve the U.S. Securities and Exchange Commission's civil insider trading case, three months after the former Galleon Group LLC manager was acquitted of a related criminal charge, according to court papers filed Thursday.
AEW Capital Management LP has sold the Shops at Grand Avenue in Queens, New York, to real estate investment trust Acadia Realty Trust for $56 million, according to New York property records filed Thursday.
The U.S. Securities and Exchange Commission has settled its case against investment manager George Levin, just two days before a Florida trial in the suit accusing him of defrauding investors by contributing millions to now-imprisoned Scott Rothstein's $1.2 billion Ponzi scheme.
Canadian investment manager Middlefield Group said Thursday it raised $155 million through an initial public offering for its newest mutual fund targeting dividend-paying health care companies, tapping into one of the year's hottest sectors.
Australian private equity firms may soon be open to investment from high net-worth individuals from overseas under a proposed overhaul of the country's significant investor visa program, a move welcomed by the Australia Private Equity and Venture Capital Association on Thursday.
Equity research firm Sidoti & Company Inc. kicked off plans for a modest initial public offering on Thursday, outlining plans to raise roughly $35 million in a share sale run in part by its investment bank arm to support its budding asset management platform, according to a regulatory filing.