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Elco, Timbercreek JV Buys Multifamily Portfolio from Colonial

2013-01-02 18:25:00| National Real Estate Investor

Elco Landmark Residential and Timbercreek Asset Management acquired a $95.4 million multifamily portfolio.

Tags: portfolio colonial buys multifamily

Imation buys solid-state storage vendor Nexsan

2013-01-02 18:00:27| InfoWorld: Top News

Imation, a storage and data security company, has acquired Nexsan, a vendor of disk-based storage systems, in a deal worth about $120 million, the company announced. The acquisition of Nexsan gives Imation a portfolio of disk-based and hybrid disk and solid-state storage systems, Imation said Wednesday. Nexsan, based in Thousand Oaks, California, has more than 11,000 customers worldwide.

Tags: storage vendor buys imation

POSCO consortium buys $1.1 billion stake in ArcelorMittal operator: source

2013-01-02 08:07:30| Steel - Topix.net

A consortium which includes South Korean steelmaker POSCO has agreed to buy a 15 percent stake in a Canadian iron ore mine operator controlled by ArcelorMittal for $1.1 billion, a source familiar with the deal said on Wednesday.

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Resolute Energy buys oil assets in the Permian Basin, Texas, US

2013-01-02 01:00:00| Hydrocarbons Technology

US-based oil and gas company Resolute Energy has signed an agreement to buy a 32% working interest in oil assets, which include existing production and undeveloped acreage in the Permian Basin of Texas, US, for about $125m.

Tags: us energy texas oil