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U.S. and Saudis signed $420 billion in tentative deals this weekend

RIYADH, Saudi Arabia — The U.S. and Saudi Arabia signed hundreds of billions of dollars worth of deals during a visit by President Trump over the weekend, as Riyadh seeks to develop its economy beyond oil under a plan known as Vision 2030. Among them: $50B of energy agreements with Saudi Aramco (Private:ARMCO), a $40B […]

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DDR, Blackstone in $2 Billion Acquisition of 76 Power Centers

Private equity fund Blackstone Real Estate Partners has teamed up with DDR Corp. again, this time bringing the Beachwood, Ohio–based REIT into its previously announced deal to acquire a portfolio of 76 power centers from American Realty Capital Properties. This third joint venture of the two companies will buy the portfolio for nearly $2 billion, including $461 million in assumed

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