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Jersey-City-Self-Storage
Company NewsIndustrialSelf-StorageTop Stories

Public Storage Agrees to Acquire National Storage Affiliates in $10.5B Deal

by Taylor Williams

FRISCO, TEXAS AND GREENWOOD VILLAGE, COLO. — Public Storage (NYSE: PSA) has entered into an agreement to acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the terms of the agreement, which is expected to close in the third quarter, NSA shareholders will receive 0.14 of a share of Public Storage common stock for each NSA share they own. The same arrangement applies to shareholders of operating partnership (OP) units of NSA. The price represents a total consideration of $41.68 per share based on Public Storage’s closing per-share price of $297.72 on March 13, 2026. “Public Storage is the ideal strategic fit for our company given their best-in-class brand, operating platform and future growth profile, said David Cramer, CEO of NSA. “By joining PSA, we ensure that the entrepreneurial spirit of our regional partners is preserved within a global platform capable of driving unprecedented scale.” Immediately prior to closing, Public Storage and limited partners in NSA’s OP will form a joint venture that will consist of 313 properties on NSA’s operating platform comprising 19.6 million rentable square feet across 28 states and Puerto Rico. The estimated value of this joint venture is approximately $3.3 …

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AcquisitionsIllinoisMidwest

Esquire Agrees to Acquire Illinois-Based Signature Bank for $348.4M

by Kristin Harlow

JERICHO, N.Y. AND ROSEMONT, ILL. — Esquire Financial Holdings Inc. (NASDAQ: ESQ), the parent company of Esquire Bank, and Signature Bancorporation Inc., the parent company of Rosemont-based Signature Bank, have entered into a definitive agreement pursuant to which Esquire will acquire Signature in an all-stock transaction valued at $348.4 million. The combined company will have approximately $4.8 billion in assets at closing. The deal provides Jericho-based Esquire with a Chicago-area commercial banking franchise. Signature brings longstanding history of commercial and commercial real estate relationship banking in the Chicago market. Esquire is active in the litigation vertical and is looking to expand its presence in the Chicago market. Each of the combined company’s and bank’s board of directors will consist of 11 directors, including nine from Esquire and two from Signature. Signature’s top three executives have entered into new employment agreements and will oversee commercial business development opportunities and operations in the Chicago market. The merger has been approved by the board of directors of each company. The transaction remains subject to regulatory approval, approval of Esquire and Signature shareholders and other customary closing conditions. The transaction is expected to close in the third quarter.

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Simon-Shaw
AcquisitionsCompany NewsTop Stories

Savills Agrees to Acquire Eastdil Secured for $1.1B

by Hayden Spiess

NEW YORK CITY — London-based real estate brokerage firm Savills has entered into an agreement to acquire global advisory firm and real estate investment bank firm Eastdil Secured for roughly $1.1 billion. The transaction is expected to close following the satisfaction of customary regulatory and closing conditions.  Under the terms of the agreement, Savills will purchase all of the equity of Eastdil, which has its U.S. headquarters in New York City. Originally founded in 1967 and acquired by Wells Fargo in 1999, Eastdil Realty merged with real estate investment banking firm Secured Capital Corp. in 2006, forming Eastdil Secured. In 2019, Temasek and Guggenheim Investments acquired Eastdil, with Wells Fargo retaining a minority ownership interest.  Eastdil Secured will continue to operate its existing business model within Savills Group, serving as the company’s global real estate investment bank and maintaining headquarters in New York City, Santa Monica, California, and London. In connection with the acquisition, Eastdil has announced changes to its executive leadership, effective immediately. Roy March, CEO, has been appointed executive chairman. D. Michael Van Konynenburg has been appointed CEO, and James McCaffrey will now serve as president. Van Konynenburg and McCaffrey will also join the Savills Group executive board.  …

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Six-Flags
AcquisitionsCompany NewsMidwestMissouriNorth CarolinaRetailSoutheastTop Stories

Six Flags to Sell Seven Theme Parks to EPR Properties for $331M

by Abby Cox

CHARLOTTE, N.C. AND KANSAS CITY, MO. — Charlotte-based Six Flags Entertainment Corp. (NYSE: FUN), the world’s largest regional theme park operator, has entered into a definitive agreement to sell seven of its amusement parks for $331 million in cash. Kansas City-based EPR Properties (NYSE: EPR), an experiential and entertainment real estate investment trust, was the buyer. The parks total more than 1,600 acres combined and draw approximately 4.5 million visitors annually. “Consistent with our strategy, this divestiture enables us to concentrate our capital, leadership and operational focus on the properties that we believe generate the strongest returns and offer the greatest long-term upside,” says John Reilly, president and CEO of Six Flags. Six Flags will sell a list of parks including Valleyfair in Minneapolis; Worlds of Fun in Kansas City; Michigan’s Adventure in Grand Rapids, Mich.; Schlitterbahn Waterpark Galveston in Galveston, Texas; Six Flags St. Louis in St. Louis; Six Flags Great Escape in Queensbury, N.Y.; and Six Flags La Ronde in Montreal.  Florida-based Enchanted Parks, a newly formed owner-operator entity that was formerly known as Innovative Attraction Management, is partnering with EPR Properties to lease and operate the six U.S. parks, while La Ronde Operations Inc. will lease and operate …

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MP-Materials-10X
DevelopmentIndustrialTexasTop Stories

MP Materials Selects AllianceTexas for $1.3B Rare Earth Magnet Manufacturing Site

by Abby Cox

NORTHLAKE, TEXAS — MP Materials (NYSE: MP), the leading American producer of rare earth materials and permanent magnets, has selected Northlake for its new $1.3 billion rare earth magnet manufacturing campus. CBRE arranged the sale of the site, which is situated within the 27,000-acre AllianceTexas master-planned development in the Dallas-Fort Worth metroplex, on behalf of the developer, Hillwood. The new site, dubbed “10X,” is expected to serve as the center of the United States’ rare earth magnet supply chain. It is located less than 10 miles from MP’s existing “Independence” facility in Fort Worth, which began commercial production in 2025 as a 250,000-square-foot downstream center for rare earth metal, alloy and magnet production. 10X is the result of MP Materials’ previously announced public-private partnership with the U.S. Department of War (DoW), which was established in July 2025 to accelerate U.S. rare earth magnet independence, according to the company’s press release. The DoW holds a 15 percent stake in the company. “10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” says James Litinsky, founder, chairman and CEO of MP Materials. “We are advancing key objectives …

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DevelopmentNew YorkNortheastOfficeTop Stories

American Express to Build 2 MSF Global Headquarters at 2 World Trade Center in Lower Manhattan

by Kristin Harlow

NEW YORK CITY — American Express (NYSE: AXP) has unveiled plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan. The credit card giant will be the sole owner and occupant of the new building, which is slated for completion in 2031. Spanning nearly 2 million square feet across 55 floors, the tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces. The project will feature more than an acre of outdoor space with several greenery-filled terraces and gardens that will offer views of the Manhattan skyline. “This is an investment in our company’s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” says Stephen Squeri, chairman and CEO of American Express. Silverstein Properties is the developer, and Foster + Partners is the design architect. Fried Frank advised American Express on the development agreement. The project team is pursuing LEED certification and integrating smart-building technology and fully electric, energy-efficient mechanical systems. Located at 200 Greenwich St., the building will be developed on land owned by The Port Authority of New York and New Jersey (PANYNJ) under a …

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AcquisitionsCompany NewsMultifamilyNew JerseyNortheastTop Stories

Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

by John Nelson

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday, …

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IllinoisLoansMidwestMultifamily

Greystone Provides $115M Agency Loan for Refinancing of Multifamily Community in Metro Chicago

by Kristin Harlow

DES PLAINES, ILL. — Greystone has provided a $115 million Freddie Mac loan to refinance Courtlands on the Park, a 918-unit multifamily community in Des Plaines. Eric Rosenstock of Greystone originated the loan on behalf of the borrower, CLK Properties. Built in 1973, Courtlands on the Park is a garden-style community with 153 buildings. The units have been recently renovated with modern appliances and finishes. Amenities include a playground, dog park, grilling stations and onsite parking. The nonrecourse, fixed-rate loan features a five-year term and 30-year amortization along with three years of interest-only payments. The loan refinances the bridge financing used to acquire the property in 2019 and enables the borrower to use a portion of the equity in the property.

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AcquisitionsDevelopmentFloridaIndustrialSoutheast

VanTrust Acquires 71.2 Acres in Orlando, Plans 956,600 SF Industrial Project

by Abby Cox

ORLANDO, FLA. — VanTrust Real Estate has purchased 71.2 acres within Sunbridge Business Park in Orlando for the development of an industrial park dubbed SunPark Industrial. The buyer acquired the land from a joint venture between Land Reserve and Tavistock Development Co., the developers of the Sunbridge master-planned community and the Lake Nona master-planned development, which is also in Orlando. Phase I of SunPark Industrial will comprise three buildings totaling roughly 956,600 square feet. Construction is slated to begin in the third quarter, with delivery of the first two buildings anticipated for the third quarter of 2027. A future Phase II would encompass an additional 77 acres and could support roughly 1 million square feet of industrial development. Opened in 2020, Sunbridge is a 27,000-acre “naturehood” located across Orange and Osceola counties that features a mix of homes, 55+ active adult communities, schools, nature trails, cafés, employment centers and Sunbridge Business Park, which spans 700 acres.

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AcquisitionsCaliforniaWestern

Fairfax Financial Agrees to Acquire Kennedy Wilson for $1.6B, Take Company Private

by Kristin Harlow

BEVERLY HILLS, CALIF. — Kennedy-Wilson Holdings Inc. has entered into a definitive agreement to be acquired by an entity affiliated with a consortium led by CEO William McMorrow and Fairfax Financial Holdings Limited. The all-cash transaction is valued at $1.6 billion. The per share purchase price of $10.90 represents a 46 percent premium to Kennedy Wilson’s share price as of Nov. 4, 2025, the last trading day prior to a publicly disclosed proposal received by the company from the consortium. Fairfax is expected to have a majority of the economic interest in Kennedy Wilson immediately following the closing of the transaction, which is expected to occur in the second quarter of 2026 subject to the satisfaction of a number of customary closing conditions. Upon completion, Kennedy Wilson’s common shares will cease trading on the New York Stock Exchange and will be deregistered under applicable rules of the Securities and Exchange Commission. Beverly Hills-based Kennedy Wilson is a real estate investment company with $31 billion of assets under management in markets across the United States, United Kingdom and Ireland. The company went public in 2009.

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