Candy-maker building $242M factory in Wis. | Washington REIT to buy office in Watergate complex for $135M | Skanska USA optimistic about 35-story Houston office tower
March 28, 2017
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Candy-maker building $242M factory in Wis.
Candy maker building $242M factory in Wis.
German candy company Haribo plans to build a $242 million factory in Pleasant Prairie, Wis. Construction of the 500,000-square-foot facility is expected to be completed in 2020.
Wisconsin State Journal (Madison) (3/24) 
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Office Space
Washington REIT to buy office in Watergate complex for $135M
Washington REIT is purchasing Watergate 600 -- a 309,000-square-foot office building in the famous Watergate complex in Washington, D.C. -- for $135 million. The deal, which is being structured as an OP unit deal, is a value-add play for the REIT as 90,000 square feet will be vacated by a tenant next year. (3/23) 
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Skanska USA optimistic about 35-story Houston office tower
Skanska USA plans to build a 35-story office tower in Houston, and the company has moved a tower crane to the site. "The mobilization of equipment at the Capitol Tower site signals our optimism that the marketplace will present new opportunities for the project as we move through 2017," said Beth Miller, a company spokeswoman.
San Antonio Express-News (tiered subscription model) (3/20) 
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Suburban offices gain new appeal
Suburban offices are gaining currency as owners use creative tech and other strategies to reposition these properties to be more attractive to millennial workers accustomed to urban amenities. Another factor is that Millennials are moving to the suburbs themselves as they start families.
National Real Estate Investor online (3/23) 
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S'well Bottle moves into larger Manhattan office space
Reusable beverage bottle company S'well Bottle has moved into a 25,000-square-foot office space in the Flatiron District of Manhattan, N.Y. The company's expansion forced it to relocate sooner than expected.
The Wall Street Journal (tiered subscription model) (3/26) 
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Key Player secures Grade A office space in Sydney, Australia
Private fund Key Player has signed on to lease a 2,244-square-foot office space in Sydney, Australia. Investa is the landlord at the grade A space.
The Australian Financial Review (free content) (3/27) 
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Industrial News
French oil and gas giant seeks entry into polyethylene market
French oil and gas company Total plans to contribute to a $1.7 billion investment in the polyethylene market as part of a partnership with Canadian firm Nova Chemical and Austrian company Borealis. The initiative will result in the construction of a steam cracker in Port Arthur, Texas, capable of producing up to about 1 million tons of ethane per year, with another, smaller steam cracker for polyethylene production being considered for nearby Bayport.
Chemical Engineering magazine online (3/27),  Reuters (3/27),  KFDM-TV (Beaumont, Texas) (3/27) 
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Faraday to focus on N. Las Vegas plant, setting aside Calif. proposal
Faraday Future to focus on North Las Vegas plant, setting aside Calif. proposal
(Robyn Beck/AFP/Getty Images)
Electric car startup Faraday Future has ended talks to build a factory on a former Navy shipyard near Vallejo, Calif., and will focus its attention on its planned $1 billion factory in North Las Vegas, Nev., instead. Faraday is seeking bids from construction firms on its North Las Vegas project, though it's facing questions about funding.
San Francisco Chronicle (tiered subscription model) (3/24) 
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N.J. roads, bridges, transit system get funding boost
New Jersey Gov. Chris Christie approved a bill that will pour $400 million in state funds into transportation projects. Of that, $260 million will be spent on roads and bridges, while the rest will go toward transit projects.
CNBC/The Associated Press (3/27) 
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Plans for new FBI HQ face funding concerns
FBI seal
(Mandel Ngan/AFP/Getty Images)
Site selection has been delayed again for the new headquarters for the Federal Bureau of Investigation. This month the General Services Administration was to have chosen one of three sites -- two in Maryland and one in Virginia -- but instead said no additional work would be done unless $1.4 billion in federal funds could be acquired.
The Baltimore Sun (3/25) 
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