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Real Estate
 Marc Stiles Real Estate Editor |
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October 13, 2011
Real Estate Buzz: Jones Lang is prepped for expansion
By MARC STILES
Real Estate Editor
Real Estate Editor
Pacific Real Estate Partners is no more — at least in name — so now the back story of its merger last week with Jones Lang LaSalle is coming out.
The big question is: How much did JLL, a global company with more than 40,000 employees, pay to acquire PREP's local expertise and connections? As talk of the merger heated up last summer, there was an unconfirmed report that the figure was $8 million, but neither party will discuss it.
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Previous columns:
- Real Estate Buzz: Olympia Brewery: Time for the next round, 10-06-2011
- Real Estate Buzz: Is Expedia adding space in Skyline Tower?, 09-29-2011
- Real Estate Buzz: Sites to check out for post-tunnel projects, 09-22-2011
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- Real Estate Buzz: Tunnel is already shaking up real estate, 09-01-2011
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