Blackstone purchased a 50 percent stake in a six-building New York office portfolio valued at $4 billion, reports The Wall Street Journal. Prologis agreed to pay $820 million for Morris Realtys portfolio of warehouse, retail and land assets, according to StreetInsider.com. Colliers International is splitting off from Canadian parent FirstService Corp., notes Bloomberg. These are among todays must reads from around the commercial real estate industry.
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