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Its latest price is an implied $37.80 per LaSalle common share. LaSalle agreed to be acquired by Blackstone for $33.50 per share.

The company had reportedly been conducting an auction for its sale after announcing a strategic review last fall.

The acquisition was funded from proceeds from a 1031 exchange.

BETHESDA, MD--It has tapped Mark Besharaty to head the program.

The fund will focus on acquiring subordinated and securitized debt issued by Fannie Mae and Freddie Mac.

WhyHotel operates pop-up hotels in newly-built luxury apartments, debuting its local model in DC's The Bartlett.

“Occupiers and investors of real estate are faced with all these emerging technologies and companies and often they don't have the time or infrastructure to figure out which are the most promising.”

Morgan Properties plans to spend $2 million renovating the property.