Tag Archives: billion

Blackstone To Acquire Gramercy Property Trust for $7.6 Billion

Gramercy Property Trust’s Logistics Center at DFW International Airport Continuing to view logistics as among the strongest sectors of commercial real estate, an affiliate of Blackstone Group agreed to acquire Gramercy Property Trust this morning for $ 7.6 billion. The affiliate, Blackstone Real Estate Partners VIII, will acquire all outstanding common shares of Gramercy for

Read More

RioCan to Sell 100 Smaller Retail Properties Across Canada Valued at Over $1.6 Billion

Toronto-based RioCan Real Estate Investment Trust announced today it plans to sell about 100 smaller and non-core properties over the next two to three years and will use the proceeds to ramp up development in the country’s six largest high-growth metros. RioCan, which expects to receive about US $ 1.2 billion in proceeds from the

Read More

Government Properties REIT Buying First Potomac for $1.4 Billion

Following an 18-month ‘crash course’ in boosting shareholder value under CEO Robert Milkovich, Bethesda, MD-based First Potomac Realty Trust (NYSE:FPO) has accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV) for $ 1.4 billion in cash and debt assumption. Government Properties Income Trust, which is managed by the operating subsidiary of alternative asset management

Read More

Digital Realty to Acquire DuPont Fabros in $7.6 Billion Data Center Merger

In a blockbuster merger of two top players in the increasingly competitive data center sector, Digital Realty (NYSE: DLR) has agreed to buy DuPont Fabros (NYSE: DFT) in a transaction valued at $ 7.6 billion including debt. Shareholders of Washington, DC-based DuPont Fabros will receive just over half a Digital Realty share per DuPont Fabros

Read More

Sunoco Exiting C-Store Business, Selling 1,108 Stores to 7-Eleven for $3.31 Billion

Sunoco LP (NYSE: SUN) is getting out of the convenience store business. The Dallas-based c-store operator and fuel distributor has agreed to sell a majority of its convenience stores to 7-Eleven Inc. for $ 3.31 billion in cash plus fuel, merchandise and other inventories. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd.

Read More

GSE’s Multifamily Lending Topped Nearly $90 Billion Last Year

Freddie Mac and Fannie Mae together pumped almost $ 90 billion of financing into every corner of the multifamily market last year hitting a new record high. And with recent federal adjustments to the two government sponsored enterprises (GSEs) lending volume caps, the two could hit new lending records again this year. Freddie Mac was

Read More