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2018-12-12  15:56
CIJ USA
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Deals

Palm Beach Gardens office building sells for...

Owens Realty Capital and Galium Capital acquired a class A boutique office building in Palm Beach Gardens, Florida, for $25.1m. Holliday Fenoglio Fowler represented the seller, GLL Real Estate Partners, and also arranged a seven-year, fixed-rate acquisition loan through Regions Bank. Completed in 2006, the 67,500 sq ft building changed hands for just under $372 per sq ft. The asset is...
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2018-12-12  15:54
CIJ USA
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Deals

Middlesex Logistics Center changes hands for...

ASB Real Estate Investments and Cohen Asset Management paid $83m for the Middlesex Logistics Center in Edison, New Jersey. Built in 2014, the 570,000 sq ft warehouse and distribution center features 36-foot clear heights, 101 loading docks and parking for 190 cars and 135 trailers. The property is in close proximity to New York City and the Port of Newark-Elizabeth. CBRE National Part...
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2018-12-12  15:50
CIJ USA
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Appointments

PulteGroup promotes Jeremy Young to...

Jeremy Young has been promoted to construction manager of PulteGroup's west Florida division. Young first joined PulteGroup in 2014 as senior customer care manager and was promoted to senior field manager last year. In his new role, he will oversee the build quality experience for homeowners in the Pulte and Centex communities south of Interstate 4 in Tampa. Prior to joining Pult...
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2018-12-12  15:48
CIJ USA
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Appointments

Related Companies names David Zussman new CFO

David Zussman was promoted to CFO of The Related Companies. Zussman will oversee Related’s finance, accounting and treasury groups as well as continue his active engagement in the company’s financial planning and capital markets initiatives. He will join the Related investment committee as well as the investment committees of several of the funds managed by Related Fund Management. Pr...
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2018-12-12  11:30
CIJ Serbia
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Company News

B Spring opens new plant in Bosnia

B Spring opened a new production plant in southwest Bosnia. The plant is located in the Bregovaca industrial zone in Livno. The Belgium company intends to produce parts for the airplane and automotive industries at the location. B Spring invested €1m in the construction of the facility and approximately €500,000 in equipment it imported from the US. The products will be exported to Be...
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2018-12-12  10:19
CIJ Romania
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Politics

Romanian government grants €77m in aid to...

The Romanian government has granted €77m in state aid to five multinational companies whose investment plans are expected to boost the country’s economy by €215m and create more than 1,000 new jobs. Four of the companies are in the automotive sector, including Renault, whose Dacia plant secured €25m from the government. The funds would be used to increase production capacity at the pl...
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2018-12-12  09:15
CIJEurope.com
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Company News

NN Biztosító leases 5,500 sqm at Váci Greens...

NN Biztosító has leased 5,500 sqm in Building F of Atenor’s Váci Greens project in Budapest. The insurance company will move into its new office in June 2020. The building is currently under construction and will offer 24,300 sqm of space. The whole office campus includes six buildings surrounding an internal garden and passage. Once completed Váci Greens will offer more than 130,000...
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2018-12-12  09:12
CIJEurope.com
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Appointments

Cushman & Wakefield names Eliza Bingül...

Eliza Bingül has been appointed associate director at Cushman & Wakefield. Bingül joined the company in 2014 and has been head of marketing and communication since October 2017. She had worked in commercial real estate marketing and communication for more than 13 years. Eliza Bingül is responsible for managing PR and marketing projects and planning and executing communication stra...
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2018-12-12  08:55
CIJEurope.com
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Company News

EC investigates Vodafone's plans to buy UPC

The European Commission has delayed the planned acquisition of UPC by Vodafone's owner Liberty Global over concerns that the deal could lead to higher consumer prices in Germany, Czechia, Hungary and Romania. The EC has 90 days in which to reach a decision on the question and to investigate whether the deal would also lead to a slowing in the tempo of innovation in telecom and te...
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2018-12-12  08:53
CIJEurope.com
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Company News

CPI sells bonds in Japan

Novinky.cz reports that CPI Property Grouphas sold CZK 2.2bn worth of bonds in Japan, making it the first European real estate market to emit such securities on that market. "The transaction represents an historic milestone not just for our group but for the Japanese bond market," said director Martin Němeček. "We're also the first foreign real estate company that&...
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