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Stellantis, Samsung SDI to Receive Up to $7.5B in Federal Financing for Two EV Battery Plants in Kokomo, Indiana December 3, 2024 KOKOMO, IND. — StarPlus Energy, a joint venture between global automobile manufacturer Stellantis N.V. and South Korean battery maker Samsung SDI Co. Ltd., has secured a conditional commitment for federal funding to finance two new lithium-ion battery cell and module manufacturing plants underway in Kokomo. The plants were announced by the manufacturers in 2022 and 2023. As part of the Biden-Harris Administration’s “Investing in America” agenda, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan of up to $7.5 billion ($6.8 billion in principal and $688 million in capitalized interest) to StarPlus Energy. The company must satisfy certain technical, legal, environmental and financial conditions before the DOE funds the loan. Continue reading: https://lnkd.in/e8ErZKuf #Development #Indiana #Industrial #Midwest #TopStories

Navigating Restaurant Expansion: Trends, Challenges & Opportunities To say that the restaurant industry is sending mixed signals could be the understatement of the year. The National Restaurant Association expected restaurant sales in 2024 to top $1 trillion for the first time ever. But as the year has progressed, the number of operators who anticipated sales growth in the coming months dipped to 28 percent in August from 40 percent in April amid inflation and economic uncertainty, according to the organization’s latest performance index survey. At the same time, the fortunes of the major restaurant segments are largely diverging as consumer preferences change and new technologies enhance the convenience of digital ordering and delivery. Full-service operators such as Denny’s and TGI Friday’s are closing locations, while many quick-service and fast-casual restaurants continue to pursue ambitious expansion plans, notes Jonathan Lapat, a managing principal with SRS Real Estate Partners in Boston. Raising Cane's Chicken Fingers Cane’s, for example, anticipates opening 100 restaurants in 2024 alone by year’s end, and it wants to open as many in 2025 to increase its location count to 1,000.  https://lnkd.in/drMaivby Sponsored by SRS Real Estate Partners #cre #commercialrealestate #restaurant #retail

Bedrock, GM Unveil Redevelopment Proposal for Renaissance Center in Downtown Detroit Developer Bedrock and General Motors Co. (NYSE: GM) have unveiled a conceptual plan to redevelop the Renaissance Center (RenCen) and 27 acres along the Detroit riverfront. According to the companies, the plan preserves the essence of Detroit’s skyline, right-sizes the RenCen’s footprint and connects the site to the heart of downtown. https://lnkd.in/gT7qA7rm #development #mixeduse #office

Hall of Fame Partners Obtains Financing for Phase I of $200M Aquatics Complex Redevelopment in Fort Lauderdale, Florida FORT LAUDERDALE, FLA. — Hall of Fame Partners has obtained a $54 million credit-tenant lease loan for the construction and permanent financing of Phase I of the International Swimming Hall of Fame (ISHOF) complex. ISHOF is the planned $200 million redevelopment of the Ft. Lauderdale Aquatics facility, which was originally built in Fort Lauderdale in 1965. https://lnkd.in/dhXGHAFN #Development #Florida #Loans #Office #Retail #Southeast #TopStories

Savills: US Office Market Sees Post-Pandemic Record Levels of Leasing Activity https://lnkd.in/d-q25Fif Savills #office #cre #commercialrealestate

Top Story Branch Properties Plans Mixed-Use Redevelopment of 492,798 SF Lakeshore Mall in Gainesville, Georgia https://lnkd.in/dA4q_tvq #retail #mixeduse #redevelopment Branch Properties LLC, Georgia Department of Community Affairs, Franklin Street, Jesse Shannon

The BR Companies to Develop $250M Multifamily Project in Downtown Kansas City KANSAS CITY, MO. — California-based developer BR Cos. will build 800 Grand, a $250 million multifamily project at the southwest corner of Eighth Street and Grand Boulevard in downtown Kansas City. The 25-story high-rise building will consist of 300 apartments and 24,000 square feet of retail and restaurant space. Information on floor plans and the amenity package was not announced. Hoefer Welker designed 800 Grand, and Clark Construction Group and JE Dunn Construction are serving as the general contractors for the tower. Tentative groundbreaking and completion dates were not announced, but the development has been in the works for more than a year. “Kansas City has the right environment and connectivity through smart public investment in public parks and transportation expansions to attract private investment,” said Ryan Sullivan, chief development officer of BR Cos. BR Cos., which maintains an office in Kansas City, has also partnered with local real estate agency Aristocrat Realty on the development. Founded in 2011, BR Cos. currently has 200 employees on staff and focuses on several business lines throughout the United States and Mexico, including real estate, construction, finance and energy. https://lnkd.in/d8nf6dAg #multifamily #cre #commercialrealestate

Forecast Survey: What’s Your Take on Commercial Real Estate in 2025? The editors of REBusinessOnline-dot-com are conducting a brief online survey to gauge market conditions in 2025, and we welcome your participation. The survey should only take a few minutes to complete. Questions range from property sectors that you are most bullish on heading into 2025 to trends in deal volume to your outlook for interest rates. The results of our 14th annual survey will be compiled and published in the January issues of our regional magazines. Conducting these surveys is part of our mission at France Media to provide readers with indispensable information, and we couldn’t do it without your help. Click here to participate: https://lnkd.in/dtjNXzh3 #Features #Heartland #Multifamily #AffordableHousing #Northeast #Southeast #Texas #Oklahoma #Western