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Here's a review of some of the big headlines in the last 24 hours.

  • Developers Diversified Realty Corp. announced plans to sell 11,599,134 of its common shares in an at-the-market public offering underwritten by Goldman, Sachs & Co. With its stock trading at just over $66 per share, that comes out to more than $750 million. Developers Diversified will use the proceeds to help fund its previously announced acquisition of Inland Retail Real Estate Trust, Inc.
  • Jeffrey Olson stepped up to become CEO of Equity One Inc. on December 1—one month earlier than it originally announced.
  • Former CEO Chaim Katzman remains with the company as chairman. But he's also been busy lately leading an effort to recapitalize the Mills Corp. and seeking seats on the company's board of directors.
  • Dutch food giant Royal Ahold confirmed that is pursuing a sale of its U.S. Foodservice wholesale food business. But it has opted not to sell the Giant Food grocery chain, which it will continue to try and turn around.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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