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May 31, 2023

'Bitter Pill': Manulife REIT To Offload Buckhead Trophy In Bid To Stabilize Portfolio

Learn Which Municipalities Are Primed For The Next Big Mixed-Use Destinations At Atlanta State Of The Market On June 7.

A Singapore-based real estate investment trust that owns more than 5M SF of U.S. offices is looking to sell off one of its most valuable assets as it looks to reduce its debt obligation.

'Bitter Pill': Manulife REIT To Offload Buckhead Trophy In Bid To Stabilize Portfolio

Manulife US Real Estate Investment Trust is in talks to sell Phipps Tower, a 20-story, glass-clad office building above the high-end Phipps Plaza mall that serves as the headquarters of children’s clothing manufacturer Carter’s. The REIT, which trades on the Singapore Exchange Securities Trading Limited, has agreed to sell the property to its…

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Finnish Company To Build $750M Housing 'Mega Factory' In Georgia

Finnish Company To Build $750M Housing 'Mega Factory' In Georgia

Scandinavia's most famous business export to the U.S., Ikea, is known for selling modular furniture in parts to be assembled elsewhere by its customers. Now a Finnish company is taking that idea one step further, planning a $750M factory that will construct whole buildings that can…

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Hyundai To Build Another Multibillion-Dollar Battery Plant In Georgia

Hyundai Motor Group is partnering with LG Energy Solutions on a new $4.3B electric vehicle battery plant in Bryan County, the second such plant in Georgia involving the South Korean automaker.

Hyundai To Build Another Multibillion-Dollar Battery Plant In Georgia

Hyundai CEO Jaehoon Chang and LG CEO Youngsoo Kwon inked a memorandum of understanding on Thursday to produce EV batteries at a factory just outside of Savannah, adjacent to Hyundai’s EV vehicle plant — dubbed Metaplant America — which is currently under construction, the companies announced Friday. The new plant will…

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