Blackstone to splash $1Bn on ProLogis property portfolio

Private equity firm Blackstone is close to striking a deal with industrial real estate firm ProLogis to buy 180 properties for around $1 billion, according to Reuters and the Wall Street Journal. ProLogis is selling the properties to help pay down debts it incurred during boom-time expansion. Blackstone’s real estate assets were, at the end of June, around $23.8 billion.

DealsNorth AmericaUSBriefs