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PRESS RELEASE: Charles Dunn Company Completes $3.5 Million Sale of Interest in 32-Unit Property in Venice Submarket of Los Angeles, California
2013-11-04 21:59:00| National Real Estate Investor
Darcie Giacchetto Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the sale of a 50 percent interest in a 32-unit multifamily property located at 1210 Venice Blvd. read more
BlackBerry Drops Heins as CEO, Ditches Sale Plans
2013-11-04 18:34:41| PC Magazine Cell Phones Product Guide
It's more drama for BlackBerry, which announced today that CEO Thorsten Heins is out in a deal whereby Fairfax Financial will invest $1 billion in the company rather than buy it out.
PRESS RELEASE: CBRE Group, Inc. Announces the Sale of 1500 Boston Post Road, Darien, CT
2013-11-04 16:41:00| National Real Estate Investor
Alyson Grala Gene Pride and Jeff Dunne of CBREs Stamford, CT office represented a private family trust in the purchase of The Darien Medical Center located at 1500 Boston Post Road, a 18,764square foot office building that is 100% leased and occupied by Stamford Health Systems. read more
BlackBerry abandons sale, CEO steps down
2013-11-04 15:39:00| Telecompaper Headlines
(Telecompaper) BlackBerry has abandoned plans to sell the company and instead agreed a new investment and management team led by its largest shareholder, Fairfax Financial. The handset maker will issue USD 1 billion in convertible debt to institutional investors, including USD 250 million to be acquired by Fairfax. The seven-year debt at 6 percent annual interest can be converted at USD 10 per share, a 28.7 percent premium to the current share price, and represent a 16 percent stake in the company. As part of the new plan, Thorsten Heins is stepping down as CEO. John S. Chen, the former CEO of Sybase, will become executive chairman and be responsible for strategy and organisation at BlackBerry. Fairfax's CEO Prem Watsa will become lead director and chair the compensation, nomination and governance committee. This puts him in position to lead the process of appointing a new CEO at the company. Chen will serve as interim CEO until a successor for Heins is found. The announcement from BlackBerry comes the same day bids were due in a proposed auction of the company. According to press reports, a variety of potential acquirers were approached, ranging from Cisco to Qualcomm to Facebook, but few concrete offers emerged. Fairfax earlier offered to pay USD 4.7 billion to acquire all of BlackBerry, but media reports said it had trouble raising the full financing. BlackBerry did not name the other institutional investors involved in the debt issue.
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Deputy PM maintains opposition to GrainCorp sale
2013-11-04 07:20:43| Agriculture - Topix.net
The Deputy Prime Minister is sticking to his strong opposition to the sale of GrainCorp to American agribusiness giant Archer Daniels Midland.
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