Centerbridge Partners

Investors are happy this afternoon, and rightfully so, now that a private-equity firm is looking to take command of the popular Chinese restaurant chain. Shares are up nearly 30% as investors anticipate the $1.1 billion leveraged buyout. In this scenario, it might seem that everybody wins. P.F....

Jeff Aronson of Centerbridge Partners spoke at the Ira Sohn Conference, and gave an equity idea, despite Aronson being primarily a private equity guy. Aron said that he really likes CIT Group Inc. (NYSE: CIT), and has continued to purchase the stock since the company's bankruptcy a few years ago...

Commercial Real Estate Week in Review-Week of May 16-22 -Our office neighbor Hersha Hospitality Trust is betting on the New York hotel sector, as they increased their exposure by purchasing a 113-room Holiday Inn. -Welsh Property Trust and Campus Crest Communities are going public. Their IPO’s are...

Goldman Sachs (NYSE: GS) is close to finalizing a financing deal with Starwood Capital Group. Under the deal, Goldman (GS) would assist Starwood in bidding for hotel chain Extended Stay Inc. The deal is expected to be worth $2.2 billion. Goldman is collaborating with Citibank on the transaction....

Sources have stated that Citigroup (NYSE: C) is set to take advantage of "pent-up demand" by selling securities backed by 255 new mortgages, marking the first such sale in two years. The ratio of the original value of the mortgages to property value is 60.4%. Blackstone (NYSE: BX) is said to be...