On Tuesday, Shares of Deutsche Bank AG (USA)(NYSE:DB), added 2.70% and closed at $13.33 in the last trading session. The last trading range of the stock ranges between $13.03 and $13.40. Deutsche Asset Administration’s (Deutsche AM) Alternatives business recently declared the acquisition of a 19-property, 3.3 million square foot industrial portfolio from International Airport Centers (IAC). The properties are located in seven major distribution markets across the US – Los Angeles, San Francisco, Seattle, Dallas, Chicago, Portland and San Diego.
The portfolio, which consists of 35 buildings, is 99% leased to 76 tenants with an average tenant size of about 40,000 square feet. Deutsche AM attained the portfolio on behalf of an institutional shareholder through direct negotiation with IAC’s investment advisor – Perlmutter Investment Company.
“The portfolio’s geographic diversity across large distribution hubs and stable tenant base makes it an attractive investment,” said Todd Henderson, Head of Alternatives – Real Estate, Americas. “We are excited about the acquisition of such a diverse portfolio of industrial real estate and “appreciate the opportunity to work with IAC on this transaction.”
Royal Dutch Shell plc (ADR)(NYSE:RDS.A), jumped 0.68% and closed at $50.68 in the last trading session. The last trading range of the stock ranges between $50.34 and $51.36. The company’s Market capitalization is $211.67 Billion with the total Outstanding Shares of 4.30 Billion. On Tuesday, November 1, 2016 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc (RDS-A) (RDS-B) will release its third quarter results and third quarter dividend declarement for 2016.
Calpine Corporation (NYSE:CPN), lost -2.40% and closed at $12.20 in the last trading session. The last trading range of the stock ranges between $12.15 and $12.61. During the 52-week trading session the minimum price at which share price traded, registered at $11.53 and reached to max level of $16.59. Zamir Rauf, Executive Vice President and Chief Financial Officer of Calpine Corporation (CPN), is planned to attend the Wolfe Power and Gas Leaders Conference in New York City on September 27, 2016, where he will take part in a panel negotiation titled “Power Landscape.” The negotiation is planned to begin at 8:00 a.m. Eastern Time / 7:00 a.m. Central Time.