Commercial

Update: Cole Credit to Consider American Realty’s $6.7 Billion Buying Bid; Shareholders Request Blocking Internal Merger

The Buyout bid of American Realty Capital Properties to take over Cole Credit Property Trust is now seeing some improvements. Cole Credit will be considering the increased and improved takeover offer worth $6.7 billion.Additionally, shareholders of Cole Credit have filed a lawsuit against the company seeking to block the Cole Holdings internal Merger.

InterContinental Hotel Group Agrees to Sell London Park Lane for $457 Million

Intercontinental Hotel Group (IHG), the world’s largest hotel group by room count has reportedly agreed to sell its controlling stake in the London Park Lane hotel, located near Hyde Park and Buckingham Palace, London for $457 million. The buyer is said to be Constellation Hotels, a part of Qatar Holding Investment fund.

Man Wanted for Real Estate Fraud Shot by Police in Washington

A man was shot and killed in a two-day standoff with police in Washington on Thursday morning, police said, and he was was wanted in Sacramento for real estate fraud.
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