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Top News Links: Tuesday, Jan. 17

Hyundai says it will up U.S. stake under Trump

Hyundai Motor Group said Tuesday it will significantly increase its investment in the U.S. while Donald Trump is president and is considering building a new U.S. factory. Chung Jin Haeng, a president of the world's fifth-largest automotive group, said Hyundai Motor, Kia Motors and their affiliated companies will spend $3.1 billion by 2021 on research and development and maintaining their factories in Alabama and Georgia. – AL.com

High court to look at employer-employee waivers

The U.S. Supreme Court will decide whether employers can require workers to sign arbitration agreements that prevent them from pursuing group claims in court. The case includes an Alabama employee who challenged gas retailer Murphy Oil USA, which requires workers to resolve any employment disputes individually through binding arbitration. – AP/Madison.com

Money360 funds $3.8M purchase of Mobile strip mall

Commercial real estate marketplace lending platform Money360 said on Monday it provided financing to a commercial property owner to purchase a fully leased retail center in Mobile. The $3,865,000 five-year loan is secured by the 1.61-acre, 16,710-square-foot Airport Boulevard Shops shopping center, has four tenants: MovieStop, GameStop, FedEx Office and Panera Bread. – CrowdFundInsider.com

Turner Construction completes Freedom Center

Turner Construction Company’s Huntsville office has announced today its completion of the Freedom Center in southeast Huntsville. Freedom Real Estate and Capital, a real estate investment company, developed the Freedom Center using previously acquired properties at 4090 South Memorial Parkway and 4035 Chris Drive as the cornerstones. The project is part of an effort to revitalize South Huntsville. – News release

B&G tops out new Omni Hotel at The Battery

Brasfield & Gorrie recently celebrated a significant milestone in the construction of the new Omni Hotel at The Battery Atlanta in the mixed-used development adjacent to SunTrust Park in Cobb County. A ceremony Friday marked the topping out of the new hotel, signifying the completion of the structure’s top floor and the peak point of the project. – News release

Welding program under way at Wallace State-Oneonta

Wallace State-Oneonta has its first welding classes underway. The 10-booth welding station at Oneonta features state-of-the-art Lincoln Electric equipment. Welding students spend part of the day in the classroom and the other half working in the welding lab. “Welding is a sought after trade, and Blount County has a high rate of people commuting out of town to work in the welding profession,” said Dr. Kelley Jones, the Wallace State-Oneonta Director. – News release

Walker & Dunlop does $16M Freddie Mac deal

Walker & Dunlop announced that it has arranged nearly $16 million in Freddie Mac financing for the acquisition of three Sec. 8 housing communities located in the Southeast. The borrower, Stonebridge Global Partners, used the three loans to acquire Oak Hammock in Jacksonville, Fla.; Forest Hills Village in Birmingham and Villa North Apartments in Thomasville, Ga. – HousingFinance.com

Chase Bays spins off electrical division

Birmingham-based Chase Bays, a leading manufacturer of custom aftermarket performance autoparts, announced today that it has spun off its electrical division, which will continue to do business as Chandler Autosport. Chandler Autosport will be operated by Cory Chandler, a long-time Chase Bays employee. – News release

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