Jones Lang LaSalle Execs Say Merger Transition Is Complete

Almanac Realty Investors, the real estate investment management arm of Neuberger Berman, has acquired a minority interest in Waterton, a Chicago investment manager that specializes in the multifamily, seniors-housing and hotel sectors Details of...

Duke Realty Corp, which yesterday received an offer from Prologis valued at $237 billion, has rejected the bid, saying it was “insufficient” Prologis had offered to swap 0466 of its shares for every Duke share outstanding, valuing every...

Blackstone Group has agreed to acquire PS Business Parks Inc, a Glendale, Calif, owner of industrial and suburban office buildings in 12 major coastal markets, in an all-cash transaction valued at $76 billion, including transaction costs PS Business...

Affiliates of Blackstone Group have agreed to buy American Campus Communities, the largest owner and developer of student housing in the country, in a deal valued at $128 billion The affiliates buying the company are Blackstone Real Estate Income...

First Washington Realty has bought Donahue Schriber Realty Group from institutional investors advised by JPMorgan Global Alternatives Financial terms of the deal, which closed late last month, were not disclosed The merged company will retain the...

South Florida Business Journal Companies managed by Yakov Cohen of North Miami Beach, Fla, have bought a 62,491-square-foot retail center in Kendall, Fla, for $315 million, or about $50407/sf The Centre at Kendall Town Center, which is managed by...

Commercial Real Estate Direct Staff Report Cedar Realty Trust is selling itself in a series of transactions for a total of $12 billion The Massapequa, NY, REIT, is selling 33 grocery-anchored shopping centers to a venture of a DRA Advisors-managed...

Industrial Logistics Properties Trust has completed its acquisition of Monmouth Real Estate Investment Corp and has sold a 39 percent stake in 95 of Monmouth’s 126 properties to an institutional investor for $587 million The Newton, Mass,...

Commercial Real Estate Direct Staff Report Blackstone Real Estate Income Trust Inc has struck a deal to buy Preferred Apartment Communities Inc, which owns 44 apartment properties and 54 retail properties in the southeastern United States in a deal...

Greystone has acquired a minority interest in Passco Cos, an Irvine, Calif, investment manager that specializes in structuring Delaware Statutory Trusts that are typically used to orchestrate tax-deferred exchanges Passco is among the structured...