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$FOR said it closed the Radisson Hotel sale on May 4, 2016, which generated pre-tax net proceeds after debt repayment to the company of $112MM. In multifamily, the company closed on the sale of its venture interest in Denver 360 at the end of 1Q16. During the quarter, $FOR closed on the sale of its Music Row multifamily site in Nashville for $15MM
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.