Chairman Richard Baker is stepping in with a cash bid valued at about $1.31 billion to take the company private.

In a newly released report, CBRE ranks Pennsylvania, and specifically the Lehigh Valley as the sixth largest cold storage market in the country with 213.5 million square feet of inventory. The state of New Jersey came in at number 10 with an inventory of 136.7 million square feet.

The company's growth in the past year and the tight office market in Evanston made expansion difficult in that market. The move consolidates Opex Analytics' operations under one roof, company officials explain.

The multifamily investor buys an 896-unit apartment for $152 million, the largest deal in Nevada history.