The American pharmaceutical and biotech company Baxter plans to invest EUR 80 million in the facilities it operates in Vienna and Orth, Lower Austria. This amount is in addition to the EUR 138 million which will be invested at the plant in Krems, Lower Austria over the coming years. In this way, Baxter is “sustainably securing the future of its Austrian business operations”, says Karl-Heinz Hofbauer, Baxter’s Operations Manager in Vienna. Baxter continuously invests to upgrade its Austrian sites. In...

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Granito Corporate Advisories announces the creation of a corporate social learning platform. This instructional platform's goal is to enable small and mid-size companies to stabilize and develop staff talent and facilitate growth, especially those looking to internationalize. It is designed especially for companies currently unable to afford available enterprise-grade social networking applications. Using existing free social medium platforms, GRANITO focuses on teaching an enterprise wide awareness of, and participation in, fundamental business tools such as mentoring, brain-storming, networking and team...

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One loan CMBS investors may want to watch is the $33.2 million 1710 Broadway note that backs 2.1% of COMM 2005-C6. The property is a 68,285 square-foot office in Manhattan's Midtown West area. The building was constructed in 1918 and renovated in 2003. The concern is that the lease for lead tenant Christian Casey is slated to end in April of this year. According to recent servicer watchlist notes, "tenant has been vague regarding plans upon lease expiration." Christian Casey is the corporate...

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The New York Grant Company has partnered with Ireland INC for the fourth annual Ireland Day 2014 in New York City to foster economic development in NYC and worldwide. The summit will take place at the New York Stock Exchange on Friday, March 14th. Themed Ireland and the World with a focus on investing in Ireland, a unique group of global business and political leaders will attend this one day international business summit. "We're thrilled to be a part of an...

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Recently Bruce K. Fenton, Pepper Hamilton partner and chair of the firm’s Private Equity Practice Group and Investment Funds Industry Group, hosted Jay J. Rittberg, senior vice president and Americas M&A manager, and Ashley Behan, mergers & acquisitions insurance, of AIG to discuss the use and benefits of representation and warranty insurance in both buy-side and sell-side M&A transactions. This podcast is a recording of this seminar. Mr. Rittberg and Ms. Behan discuss how this insurance is used in transactions...

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According to a report in the New York Post by Steve Cuozzo, the rent roll for 85 Tenth Avenue in Manhattan is about to change dramatically. It appears that Google will be leasing 360,000 square feet in the roughly 600,000 square-foot building. The office building was built in 1913 and is owned by Related. The property backs $226 million of senior CMBS debt split across two 2007 deals. A $150 million piece represents 6% of COMM 2007-C9, and a $76...

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