DiamondRock Buys Hotel Portfolio from Blackstone in $495M Deal

The portfolio includes properties in Boston, Washington D.C., Burlington, Va. and San Diego. National Real Estate Investor
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Blackstone’s Boom-time Deal Nears Finish Line

Blackstone is poised to make money on a huge package of office properties bought near the peak of the real estate boom. National Real Estate Investor
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Wall Street Week Ahead: Can EU deal lift stocks for more than a day?

NEW YORK (Reuters) – Stocks finished the first half of the year with a bang as investors welcomed news that the euro zone is a step closer to solving its 30-month-long debt crisis. Now for the question: Is this rally strong enough to last for more than a day? The S&P 500 and
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Wall Street opens up on Greek deal hopes

NEW YORK (Reuters) – Stocks rose at the open on Thursday as strong uptake by investors in Greece’s debt swap fed optimism a deal could be completed by a deadline later in the day, staving off a messy default. The Dow Jones industrial average gained 69.48 points, or 0.54 pe
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BP’s $7.8 billion deal may speed payments for U.S. spill (Reuters)

Reuters – The estimated $ 7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. Yahoo! News: Business News
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Euro-zone deal on firewall awaits Germany (Reuters)

Reuters – Germany may not be ready to back an increase in the euro zone’s bailout fund at a summit next week, delaying progress towards building up nearly $ 2 trillion in firepower to tackle fallout from Europe’s sovereign debt crisis. Yahoo! News: Business News
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Big Bet On Bricks and Mortar: Westfield Deal Seen Raising Value of U.S. Mall REITs

The Westfield Group has formed a $ 4.8 billion joint venture on 12 regional shopping malls in the United States with the Canada Pension Plan Investment Board (CPPIB.) The deal is the largest real estate investment made by the institutional investor, and a big bet on the future health
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Greek deal gets cool reception on Wall Street (Reuters)

Reuters – News that Greece had reached a deal to secure a bailout was greeted with caution on Wall Street on Thursday, with investors taking a wait-and-see approach in a market that has become extended after weeks of gains. Yahoo! News: Business News
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Greece, creditors on verge of clinching debt deal (Reuters)

Reuters – Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready next week, essential for sealing a new bailout and avoiding an uncontrolled default. Yahoo! News: Business News
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Exclusive: Greek PM Papademos expects debt swap deal in days (Reuters)

Reuters – Greece expects to conclude difficult debt talks with private creditors within days and negotiations with the EU and the IMF on a new bailout deal by the middle of next week, Prime Minister Lucas Papademos told Reuters on Friday. Yahoo! News: Business News
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