Colony Capital LLC News
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Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
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PokerStars was denied its request to keep alive a $15 million offer to purchase the Atlantic Club Casino Hotel in Atlantic City, New Jersey.
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William Lyon Homes rose 2 percent in New York after selling shares to the public at $25 apiece, exceeding its price target as the homebuilder raised $217.5 million.
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William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after a public share sale and reverse stock split.
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Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
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William Lyon Homes, a builder that emerged from bankruptcy last year, raised $217.5 million in a public stock offering that priced above the marketed range.
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Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
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Cerberus Capital Management LP is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding.
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PokerStars, seeking to buy the Atlantic Club Casino Hotel in New Jersey, won a temporary court order barring owner Colony Capital LLC from ending their sale agreement or approaching others to purchase the property.
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William Lyon Homes, a builder that emerged from bankruptcy last year, seeks to raise as much as $208.8 million in a public stock offering.
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