PSB News and Press, PS Business Parks Inc. From 04/25/22

PS Business Parks, Inc. (NYSE:PSB) (“PSB” or the “Company”) and Blackstone (NYSE:BX) today announced that they have entered into a definitive agreement under which affiliates of Blackstone Real Estate (“Blackstone”) will acquire all outstanding ...

PS Business Parks (NYSE:PSB) stock is climbing 11% in Monday premarket trading after Bloomberg reported that Blackstone (BX) will buy the owner of industrial, flex and office spaces for $7.6B. Blackstone (BX) will pay $187.50 per share, or a 12% premium to PS Business Park's (PSB) closin...

PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it intends to release its first-quarter 2022 earnings after the close of business on Monday, May 2, 2022. A conference call is scheduled for Tuesday, May 3, 2022, at 10:00 a.m. PDT (1:00 p.m. EDT) ...

PS Business Parks (NYSE:PSB) on Tuesday appointed Stephen Wilson as president and CEO, effective immediately. Wilson has been serving as interim president and CEO since Jan. 17. Wilson has been a director of PSB since July 2019 and will continue to serve as a director. He had served as EVP - ...

PS Business Parks, Inc. (NYSE:PSB) announced today that Stephen W. Wilson has been appointed as the Company’s President and Chief Executive Officer, effective immediately. Mr. Wilson has been serving as interim President and Chief Executive Officer since January 17, 2022. Mr. Wil...

Industrial REITs have become M&A targets. STAG Industrial could potentially be next in line. STAG currently offers the best mix of yield, value, and growth in the industrial REIT space. Here is why we are buying. For further details see: STAG Industrial Is Getting Co...

PS Business Parks (NYSE:PSB) said Wednesday it sold the remaining 12 buildings in the Royal Tech Business Park in Irving, Texas. The gross sales price for the remaining buildings was $93M, with net sales proceeds of ~$91.9M after transactions costs. The net sale proceeds from this sale are av...

PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it has closed on the sale of the remaining 12 buildings in the Royal Tech Business Park, located in Irving, Texas. The gross sales price for the remaining buildings was $93.0 million, with net sales pr...

Armada Hoffler Properties has done well to generate attractive and growing cash flows in recent years, despite the volatility of some of its operations. The company's rising occupancy rates are bullish and shares are priced at reasonable levels. Relative to peers, though, the busi...

PS Business Parks (NYSE:PSB) said Dan Chandler, III, president and CEO, who has been on medical leave since Jan. 17, will resign for health reasons, effective Mar. 23. Stephen Wilson, who was appointed interim president and CEO, will continue to serve in that role. For further details see: ...