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Celebration Pointe secures $125 million loan
Gainesville, Fla. - The developer of Celebration Pointe, a 225-acre mixed-used regional development located in Gainesville, Florida, has secured a $125 million construction loan for Phase I of the project. Celebration Pointe partner Ralph Conti made the announcement.
“We are very pleased to have secured this key piece of our capital stack,” said Celebration Pointe partner Ralph Conti.
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Report: Best Buy CEO still believes in brick-and-mortar
The CEO of Best Buy says brick-and-mortar stores are absolutely vital to beating Amazon.com and other retail rivals.
According to MPR News, Best Buy CEO Hubert Joly told students at the University of Minnesota that "the chain's roughly 1,400 U.S. stores allow the retailer to demonstrate new products for customers and deliver the goods faster than Internet-only merchants."
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