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FCA, the seventh largest automaker in the world based on total annual vehicle sales, recently disclosed its plans to invest $1 billion to modernize its facilities in Warren, Mich. and Toledo, Ohio.

#realestate  | #news  | #industrial  | #development  | #Detroit  
FCA intends to create 2,000 new jobs while upgrading its assembly plants in Warren, Mich., and Toledo, Ohio.
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The Tokyo-based real estate company has joined the brimming crowd of foreign investors in U.S. real estate with the formation of a U.S. subsidiary, Mori America LLC, and the acquisition of a premier office complex in Boston.

#realestate  | #news  | #office  | #investment  | #Boston  
The Japanese company has agreed to pay $673 million to acquire two Back Bay office buildings in a partial sale-leaseback transaction with Liberty Mutual.
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Meridian Capital Group has arranged a 12-year refinance loan provided by a local savings bank for an office condominium that occupies the first six floors of the 10-story building at 521-533 W 57th St. in Manhattan’s Midtown West neighborhood.

#realestate  | #news  | #office  | #investment  | #Manhattan  
The property’s tenants include International Flavors & Fragrances, CBS Broadcasting, Labcorp and the Multiple Sclerosis Research Center of New York.
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Proposed short-term redevelopment plans for the 190-acre Robert F. Kennedy Stadium-Armory Campus in Washington, D.C., were unveiled late last week by Events DC, the District of Columbia’s convention and sports authority.

#realestate  | #news  | #redevelopment  | #WashingtonDC  
The new design will bring multi-purpose fields, a market hall and a recreation complex.
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Commercial real estate has had an almost uninterrupted run of increasing values since bottoming in the wake of the global financial crisis in 2010. Acquisition yields have persisted at historical lows for several quarters, and many question how long the asset class can remain priced to perfection.

#realestate  | #finance  | #investment  
Paul Fiorilla, associate director of research for Yardi Matrix, examines the possible effects of rising interest rates on the commercial real estate market as we head into 2017.
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Brennan Investment Group LLC knows when to let go. Roughly one hear after opening the suburban Chicago warehouse at 1780 Birchwood Ave., developed in partnership with DLJ Real Estate Capital Partners, the private real estate investment firm has sold the 140,000-square-foot industrial facility to Morgan Stanley’s Prime Property Fund.

#realestate  | #news  | #industrial  | #investment  | #Chicago  
Morgan Stanley is the new owner of the 140,000-square-foot industrial facility at 1780 Birchwood Ave.
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The Port Authority has approved a lease through 2050 for the redevelopment of the Delta terminals at LaGuardia Airport, which will transform them into a $4 billion, state-of-the-art complex.

#realestate  | #news  | #redevelopment  | +LaGuardia Airport 
The Empire State is about to embark upon one of the most ambitious infrastructure plans in the nation.
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This “wall of maturities” is expected to total $100 billion nationally in 2017, with an estimated default rate of 13 percent, according to S&P Global Ratings.

#realestate  | #financing  | #refinancing  | #ViewPoint  
Refinancing today’s maturing debt will prove difficult
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After a highly acquisitive 2016, CBRE Global Investors kicks off the New Year by announcing the purchase of Liberty Center, a 529,300-square-foot office asset in Pittsburgh. A fund advised by the global real estate investment management firm snagged the 27-story tower, taking it off the hands of Starwood Capital Group.

#realestate  | #news  | #office  | #investment | #Pittsburgh  | +CBRE 
Liberty Center, a 529,300-square-foot tower, marks the company’s first foray into the Steel City office market.
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Hilton Worldwide Holdings Inc. has wrapped up the spin-offs of Park Hotels & Resorts Inc. and Hilton Grand Vacations Inc. The move leaves three independent, publicly traded companies as leaders in the rapidly evolving hospitality sector.

#realestate  | #news  | #hospitality  | +Hilton Worldwide 
The century-old global hospitality company has completed the spinoffs of Park Hotels & Resorts and Hilton Grand Vacations.
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A 1,400 berth marina—the largest in the Middle East and North Africa region—and a giant lighthouse will be among the major focal points of Dubai’s latest mega project, a 20 million-square-foot luxury waterfront development to be called Dubai Harbour.

#realestate  | #news  | #hospitality  | #Dubai  | #development
Dubai Harbour will feature the largest marina in the Middle East and North Africa region and a giant lighthouse.
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Three Ravinia, an 813,748-square-foot trophy office tower in Atlanta’s Central Perimeter submarket, has changed hands for the second time in less than four years.

#realestate  | #news  | #office  | #investment  | #Atlanta  
Three Ravinia, a 31-story building in Central Perimeter, was developed by Hines in 1991.
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Commercial Property Executive City Pages is the leading integrated resource for executives and companies that own, invest in, develop, lease and/or manage commercial real estate
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Commercial Property Executive delivers timely, in-depth and authoritative analysis of industry news, as well as access to thought leaders’ best practice strategies and proven business solutions through written, audio and video presentations.
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