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Pebblebrook, Lasalle Enter Into $5.2B Merger Agreement

by globest.com posted 2weeks ago 22 views
BETHESDA, MD–Not even 24 hours after LaSalle Hotel Properties decided that Pebblebrook Hotel Trust made a superior offer,  the two lodging REITs announced they had entered in a definite merger agreement in a transaction valued at $5.2 billion. Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. Tech companies have become the crème-de-la-crème of office tenants, and they are looking for very specific product.

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