Prologis announced on Wednesday that Jeffrey Schwartz has resigned as the company's chairman and CEO. Walter Rakowich, a former president and chief operating officer, replaces Schwartz as CEO of the Denver-based global owner, manager and developer of distribution facilities. Stephen Feinberg, the board's lead trustee, assumes the role of board chairman.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
