Exelon in Chicago announced on April 30 its acquisition of fellow gas and energy utility Pepco Holdings Inc. in Mays Landing, for $6.38 billion in cash. Exelon said it plans to combine subsidiaries BGE in Baltimore, ComEd in Chicago, and PECO in Philadelphia with Pepco’s Atlantic City Electric, Delmarva Power in Wilmington, Del., and Washington, D.C.-based Pepco, to create a single Mid-Atlantic energy utility.
Mack-Cali Makes $96.6M Sale
Investment firm Griffin Capital Corp. of El Segundo, Calif., announced on April 27 it has paid $96.6 million to acquire the commercial office property at 22 Sylvan Way in Parsippany from real estate company Mack-Cali in Edison.
$2M Buy for American Water Unit
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