Centro Watt’s purchase of Heritage Property Investment Trust: $3.2 billion. GE Real Estate’s acquisition of Arden Realty: $4.8 billion. Kimco Realty Corp. and Pan Pacific Retail Properties merger: $4 billion.
If those don’t sound like routine real estate transactions, it’s because they aren’t. Equity and pension funds have been pouring money into ever more complicated deals in recent months. Those deals — and the choice legal work they create — have caught the attention of top national firms, turning what had been a price-sensitive practice area into a hot commodity.
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