Prologis and Blackstone are said to have struck a deal to acquire a portfolio spanning 17 million square feet of warehouse and distribution centers for about $960 million.
Shares of Plum Creek Timber Company Inc. crafted a new 52-week high, touching $54.45 during the trading session on May 20.
Prologis was a winner within the real estate industry, rising $0.59 (1.3%) to $44.77 on average volume
TheStreet Ratings group highlights 5 stocks pushing the real estate industry higher today.
Prologis (NYSE:PLD) hit a new 52-week high Monday as it is currently trading at $44.06, above its previous 52-week high of $44.05 with 262,760 shares traded as of 10:10 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.
SAN FRANCISCO, May 16, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced Nippon Prologis REIT, Inc. (NPR), a Japanese ...