General Electric Company on Friday announced it will sell or spin off the majority of its $500 billion GE Capital finance business over the next two years as it looks to simplify and concentrate on its industrial roots. The company said it will keep its aircraft leasing operation and smaller lending lines.
Buyout firm The Blackstone Group and real estate investment trust DDR Corp. will buy 46 shopping centers owned by EPN Group for $1.43 billion, which includes the assumption of at least $945 million in debt.
Samuels & Co. Inc. said it has recently completed five transactions for Merlin Entertainments Group, the second largest location-based entertainment company in the world which develops, owns and operates outdoor theme parks and indoor attractions.
X Team International, an international alliance of retail real estate advisors, said Tuesday that Venture Commercial, through its Venturetainment division, assisted with site-selection efforts and completed two leases for global visitor attraction operator Merlin Entertainments Group to bring two of its iconic attraction brands to the Texas market for the first time.