Grubb & Ellis Apartment REIT, Inc., a unit of Grubb & Ellis Co. (GBE), announced that it has entered into a letter of intent or LOI to acquire Bella Ruscello Luxury Apartment Homes, a 216-unit multifamily community located in the Dallas suburb of Duncanville, Texas. The acquisition is subject to the conclusion of an appropriate due diligence review, customary closing conditions and the satisfaction of other requirements as detailed in the letter of intent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.