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Real Estate News


 Real Estate Headlines

Emmett REIT Arranges$365M Portfolio Refi
SANTA MONICA, CA-The REIT refinances the bridge loan that it used in connection with its acquisition of a six-building portfolio totaling 1.4 million sf in March.

Apollo Increases Debt Capital To $930M
NEW YORK CITY-The fund was formed in 2006 to originate loans for development, redevelopment and repositioning, and is increasing from $621 million in order to 'make larger investments.'

$275M Closes NYU Dorm Buy
NEW YORK CITY-With an increasing demand for space, the University closes on its Gramercy Green building purchase from developer JD Carlisle, which will primarily house sophomore students.

 Hedge Fund News



 Market News

HP results top Street despite stronger dollar (Reuters)

Shares of Nasdaq OMX fall as market declines (AP)

VeriFone shares soar 35 pct on upbeat outlook (AP)

Saks shares drop 8 percent after wider 2Q loss (AP)



Industry Headlines

HP results top Street despite stronger dollar (Reuters)
Hewlett-Packard Co results beat Wall Street targets as net profit rose 14 percent, subduing fears that slowing economies and a stronger dollar would weaken the world's biggest computer and printer maker and its rivals.

Shares of Nasdaq OMX fall as market declines (AP)
Shares of Nasdaq OMX Group Inc. declined Tuesday as the broader market slid and after an analyst said that a rival trading system could continue to take market share from established exchanges.

VeriFone shares soar 35 pct on upbeat outlook (AP)
VeriFone Holdings Inc.'s shares soared more than 35 percent late Tuesday after the maker of payment processing equipment provided a rosy outlook and cleaned up an accounting mess that had cast a pall over the company.



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