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KTR Real Estate Acquired For $5.9B

Industrial real estate giant Prologis Inc. and Norway’s sovereign wealth fund will pay $5.9 billion for KTR Capital Partners, Prologis announced recently.

The acquisition expands San Francisco-based Prologis’s position in Florida, among other markets, and includes the assumption of about $700 million in debt, Bloomberg reported. It also includes the issuance of as much as $230 million of common limited partnership units in Prologis LP to KTR.

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Florida Gov. Rick Scott’s Bid To Steal California Jobs

In his four years as governor of Florida, Republican Rick Scott has spent a good bit of time trying to recruit businesses from other states..

Now, he’s set his sights on California. On Sunday and Monday, Scott talked up Florida’s job growth and education strategy at receptions and one-on-one meetings in Los Angeles.

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