Fremont Sells Loan Unit for $1.9 Billion

May 21, 2007

124

Fremont General Corp., said on Tuesday it had agreed to sell its commercial real estate lending business to iStar Financial Inc. for about $1.9 billion, sending its shares soaring more than 50% in premarket trading.

*For more on this story,

read the full Reuters article.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

Weekly in-depth coverage in print and digital formats
Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts
The annual Book of Lists: Orange County's top companies across every industry

NNN Combining With Grubb & Ellis

Cisco to Buy BroadWare Technologies

staff-author

Fremont Sells Loan Unit for $1.9 Billion

Want more from the best local business newspaper in the country?

Would you like to subscribe to Orange County Business Journal?

Featured Articles

On the Move: CAPATA Welcomes Manny M. Trelles, CPA, as a Partner

Photos: The Emerald Bay Home That Sold for a Record $110M

Inside KIngsbarn Realty Capital and Kelemen’s Terravita Project in Laguna Hills

Related Articles

On the Move: CAPATA Welcomes Manny M. Trelles, CPA, as a Partner

Photos: The Emerald Bay Home That Sold for a Record $110M

Inside KIngsbarn Realty Capital and Kelemen’s Terravita Project in Laguna Hills

OC Unemployment Falls to 3.5% in May

Midday Stock Roundup: Indie Semiconductor Shares Jump 8%, Trading at Double its Usual Volume

Advertise With Us

About Us

Subscriber Links

Other Journals