The cargo volume increase was fueled by a 7.8% rise in loaded import containers, primarily carrying commodities such as furniture, appliances and beverages.
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John Jordan is a veteran journalist with 36 years of print and digital media experience.
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The loan supports the 453-unit phase of the development.
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Much of the funding is being used to redeem the REIT's preferred equity in the JV.
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Hudson Bay Capital provided the loan to Biddle Real Estate, King Street Capital, and PCD.
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