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Prologis Sells 17m Sf Portfolio For $1.1B

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SAN FRANCISCO—Locally-based Prologis Inc. has sold a portfolio of 16.5 million square feet of buildings and land in Europe and the United States to a Far East investor for $1.1 billion. New Avison Young report finds multi-family remains popular with investors while office and retail slows. It won’t be investing in life science real estate but its funding activity will give the space a boost.

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