Steve Webb

Atlanta-based U.S. Franchise Systems Inc. (USFS) has accepted an acquisition offer from the Pritzker family of Chicago to purchase all of its outstanding stock at $5 per share. The offer, valued at an estimated $100...

Fidelity Investments has replaced New York-based Goldman Sachs & Co. as the largest foreign manager of Japanese investment trusts. As of August, Goldman Sachs had $6.4 billion in Japanese assets in investment...

In recent years, mega-resorts such as Bellagio, Paris and the Venetian have been wowing visitors to Las Vegas. Atlantic City is next in line. Boyd Gaming Corp. and MGM Mirage, both of Las Vegas, are teaming up to...

Fidelity Investments has replaced New York-based Goldman Sachs & Co. as the largest foreign manager of Japanese investment trusts. As of August, Goldman Sachs had $6.4 billion in Japanese assets in investment...

Construction is under way on a 15-story, 350-room Renaissance Suites hotel near Chicago's O'Hare International Airport. Scheduled to open in fall 2001, the all-suites hotel, developed by Chicago-based Lakeland...

The California Investment Fund (CIF), a San Diego-based real estate company, has agreed to acquire Dynex Capital Inc. for $90 million in cash. The purchase price represents a 100% purchase in the equity of Dynex, a...

The Maloof family, a developer of hotels and owner of the Sacramento Kings NBA basketball team, is embarking on another big project. Ground has been broken on the $265 million, 470-room Palms Casino Hotel in Las Vegas...

A building that was a shopping destination in downtown Cleveland as far back as the 1890s will be converted into a 294-room Hyatt Regency hotel. In a partnership between Chicago-based LR Development and Chicago-based...