In what will be the biggest private equity buyout of the year, PetSmart agreed to sell itself to BC Partners for $8.7 billion, reports The New York Times. Bloomberg reveals that Nicholas Schorsch has resigned as chairman of American Realty Capital, along with the companys CEO and president. Cushman & Wakefield will pay $100 million to buy boutique New York brokerage firm Massey Knakal, according to The Wall Street Journal. These are among todays must reads from around the commercial real estate industry.
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