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|  | Approvals Keep Coming for $28B Harrah’s Buy-Out | Harrah's Entertainment, Inc. said Tuesday it has received approval from the Illinois Gaming Board regarding its proposed $27.8-billion buy-out by affiliates of the private equity firms Apollo Management LP and TPG Capital, formerly Texas Pacific Group. The transaction, announced in December, is scheduled to close late this year or early next year, according to SEC documents. / Source: GlobeSt
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|  | London, Mumbai, Moscow Have World | London and Mumbai tenants paid the most for high-quality offices this year, while Singapore rents grew the fastest as economic growth lured international banks to Asia, said CB Richard Ellis Group Inc., the world's largest commercial real estate broker. / Source: Bloomberg
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|  | Former Fontainebleau Prez Lands Bigger Gig | William Velardo, most recently with the $3-billion Fontainebleau resort project under construction here will head up the multibillion resort project being planned by MGM Mirage and Kerzner International at the north end of the Las Vegas Strip. While few details have been released for the 40-acre development adjacent to MGM’s Circus Circus property, construction is slated to commence in the first half of 2009 and the project is slated to be up and running in the first half of 2012. / Source: GlobeSt
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|  | SM Prime Buys Owner Sy | SM Prime Holdings Inc., the largest Philippine shopping center operator, agreed to buy the Chinese malls of founder Henry Sy for 10.8 billion pesos ($252 million) of new shares. The stock climbed by the most in a month. / Source: Bloomberg
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|  | Colonial | Inmobiliaria Colonial SA, Spain's second-largest real estate company, said profit in the first nine months surged on higher rental income and acquisitions. / Source: Bloomberg
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|  | Wal-Mart Net Beats Analysts | Wal-Mart Stores Inc., the world's largest retailer, said quarterly profit rose more than analysts estimated and boosted its full-year earnings forecast after luring customers with holiday discounts. The shares rose the most in more than five years. / Source: Bloomberg
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