Finance Investment Banking
Banks Swapping Colonial Debt for Shares
April 25, 2008

According to Reuters News, the swapfest for troubled Spanish property giant Colonial has begun--banks are busy exchanging debt for shares. The estimated $3 billion of debt is quickly turning into shares. La Caixa, Banco Popular, Bancaja and Bankinter have all reported such exchanges and today Banco Popular--which lent $596 million to Colonial's former chairman Luis Portillo--took 9.15 percent of Colonial's shares.

 
Recent Investment Banking Headlines
American Land Announces Review of Strategic Alternatives
July 08, 2008
American Land Lease Inc. said today that its Board of Directors is considering a broad range of strategic alternatives to enhance shareholder value.
Red Lion Gets $173M Purchase Proposal
June 30, 2008
Red Lion Hotels Corp. has not been on the hunt for a buyer, but that has not stopped Columbia Pacific Opportunity Fund L.P. from making an offer.
Pair of Austrian Developers Acquire Constantia's Real Estate Unit for $695M
June 30, 2008
Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million.
Inmobiliaria Colonial Moves Closer to Selling Off Key Asset
June 27, 2008
Spanish real estate powerhouse Inmobiliaria Colonial SA has reaffirmed its commitment to selling its 15 percent stake in Fomento de Construcciones y Contratas SA (FCC), Spain’s third-largest construction company, according to a Bloomberg report.
J.C. Flowers, Grove Take Stake in Hypo
June 24, 2008
The offer made by a group of investors consisting of trusts advised by J.C. Flowers & Co. and funds managed by associates of Grove International Partners to obtain a stake in Hypo Real Estate Holdings A.G. has been accepted by Hypo shareholders.
 

 

REal Talk with Adam Perrotta - Tues., July 8th
July 08, 2008
By Adam Perrotta, News Writer --A lot of news out of the Left Coast today, including the approval of a massive makeover for LAX airport, Laramar Group opening its California office with a bang and troubled Maguire Properties selling off...

Maguire to Sell Orange Country Property for $211M
July 08, 2008
By Dees Stribling, Contributing Correspondent -- Maguire Properties, under new management in recent months and pursuing a plan to reduce the debt it incurred by bulking up on SoCal office space in recent years, is selling off Main Plaza Towers...

$400M Army Hotel Program Takes Next Step
July 08, 2008
By Barbra Murray, Contributing Editor -- The U.S. Army's plan for developing and renovating hotels at 12 installations as part of its Privatization of Army Lodging program has just advanced to the next stage now that it has entered into...

Penn National Gets Option on MD Parcel for Possible Casino
July 08, 2008
By Gail Kalinoski, Contributing Editor -- Penn National Gaming Inc. has secured an 18-month option on 36 acres in Perryville, Md., where it hopes to set up a slots casino and entertainment center. The price of the land was not...

Hill Wins Contract for $1.6B Abu Dhabi Project
July 08, 2008
By Scott Baltic, Contributing Editor -- New Jersey-based Hill International has been awarded a contract by Sorouh Real Estate PJSC of Abu Dhabi, United Arab Emirates, to handle project management for Gateway Towers 3 through 8 at the firm's Shams...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...

How to Reduce Employee Turnover
June 06, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Few things in business are as costly and disruptive as unknowingly having the proverbial revolving door for employees to exit from. While there are many secondary and tertiary items that can influence an...

How To Delegate for Success
May 30, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --If you desire to become a top CEO it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you'll find that to the...