Warehousing giant ProLogis (PLD -2.5%) confirms its sale of a portfolio containing some 180...

|By:, SA News Editor

Warehousing giant ProLogis (PLD -2.5%) confirms its sale of a portfolio containing some 180 industry properties, and interests in a hotel and three investment funds, to Blackstone Group (BX) for $1B. With ProLogis trying to pay down debt to recover its credit rating, YTD dispositions of more than $1.6B are ahead of forecasts.