• IEN
• 29 Oct, 2019

Shares in Liberty Property Trust jumped 15% Monday after yet another land deal that underscores the drastic changes in how Americans shop. Over the weekend, Liberty was acquired by rival Prologis in a deal the commercial real estate companies are valuing at $12.6 billion, including debt. Commercial properties are increasingly in demand as people shop online and the popularity of quick delivery surges, especially near urban areas. Controlling warehouses in multiple locations...
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