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>>HERE'S WHAT'S MAKING NEWSAROUND INDIANA BROUGHT TO YOU BYSMITHVILLE...BIG NEWS IN NORTHEAST

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INDIANA...A BUYER HAS BEENIDENTIFIED FOR THE 31-ACREFORMER GENERAL ELECTRIC CAMPUSIN FORT WAYNE.

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THE PLANS FROM BALTIMORE-BASEDCROSS STREET PARTNERS LLCINCLUDE COMMERCIAL, RESIDENTIAL,RETAIL AND HOTEL COMPONENTS THAT

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GREATER FORT WAYNE INC. CEO ERICDODEN SAYS COULD TOTAL MORE THAN$280 MILLION.>>>EVANSVILLE IS BACK IN THE

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CONVENTION BUSINESS...THAT'SWHAT MAYOR LLOYD WINNECKE SAIDAS THE RIBBON WAS CUT THIS WEEKON THE CITY'S FIRST FULL SERVICE

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DOWNTOWN CONVENTION HOTEL.THE $61 MILLION DOUBLETREE BYHILTON, WHICH MARKED BY MULTIPLEDELAYS, IS CONNECTED BY SKYWALK

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TO THE FORD CENTER AND OLDNATIONAL EVENTS PLAZA.>>GERRY: INDIANA'S HISTORICALLYSTRONG COMMERCIAL REAL ESTATE

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MARKET IS SHOWING NO SIGNS OFSLOWING DOWN.BUT WHILE THE OFFICE ANDINDUSTRIAL MARKETS ARE FULL

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STEAM AHEAD, THERE ARE TROUBLINGSIGNS IN THE RETAIL SECTOR.WHAT ELSE CAN WE EXPECT IN 2017?FOR SOME ANSWERS, WE TURN, AS

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ALWAYS TO CUSHMAN ANDWAKEFIELD'S VICE PRESIDENT OFRESEARCH JASON TOLLIVER.WELCOME TO THE PROGRAM.

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>> THANK YOU.>> LET'S GET RIGHT TO IT, LOTSTO TALK ABOUT.AGAIN HISTORICALLY STRONG

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COMMERCIAL REAL ESTATE MARKETAND SHOWING NO SIGNS OF SLOWINGDOWN.>> REALLY STRONG YEAR FOR

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COMMERCIAL REAL ESTATE ACROSSTHE STATE 2016 AND WHEN YOU LOOKAT 17 STARTING STRONG OR, IF YOUWILL IN TERMS OF THE DRIVERS FOR

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COMMERCIAL REAL ESTATE LOOKINGFORWARD, NO REASON TO THINK THATWILL SLOW DOWN.>> YOU ARE SAYING THE START IN

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2017 EVEN BETTER THAN A YEARAGO.>> MUCH STRONGER START TO THEYEAR WITHOUT QUESTION AND

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CAPPING OFF A STRONG YEAR IN 16YOU WILL SEE REALLY ALL SEGMENTSFIRING ON ALL CYLINDERS.>> THE OFFICE MARKET AFTER

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BEING DOWN FOR A NUMBER OF YEARSCONTINUES TO REALLY BE SAILINGALONG.>> NOT JUST IN CENTRAL

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INDIANA, BUT YOU SEE REBOUNDSAROUND THE STATE AND REALLY AKEY TREND THERE IS CAPITALREINVESTED INTO THE PROPERTIES

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TO ATTRACT TENANTS TO CONTINUETHAT CYCLE.>> YOU SEE THESE TOWERS ANDTHESE ARE OLDER OFFICE TOWERS

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THAT ARE BEING REDONE.>> MARKET TOWER AND DOWNTOWNINDIANAPOLIS A PERFECT EXAMPLE.A LOT OF THE TOWERS WERE DONE IN

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THE '80s AND 90s AND THEYARE IN NEED OF NEWER AMENITIES.>> THE INDUSTRIAL MARKET SEEMSTO BE A BROKEN RECORD.

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EVERY YEAR TALKING ABOUT THEGREAT ACTIVITY.ANY SIGNS OF THE INDUSTRIALMARKET SLOWING DOWN?

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>> NOT AT ALL.SEVEN STRAIGHT YEARS OF RECORDGROWTH AND THAT WILL CONTINUETHIS YEAR WITHOUT QUESTION.

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>> STATEWIDE IN TERMS OF THESTRENGTH.>> YOU SEE IT AND YOU SEEGREAT THINGS COMING OUT OF NEW

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ALBANY, STRONG REBOUNDS INKOKOMO, SOUTH BEND AND THE NORTHNORTHWEST PORTIONS OF THE STATEAS WELL SO REALLY ACROSS THE

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STATE AND WE LOOK AT ALL SECTORSSTRONG PERFORMANCE.>> LET'S TALK ABOUT THE RETAILMARKET BECAUSE THIS IS ONE WHERE

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THERE'S OMINOUS CLOUDS OUT THEREAND AS WE LOOK NATIONALLY WE ARESEEING A LOT OF RETAILERS ANDBIG NAMES CLOSING STORES.

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>> RETAIL IS WHAT I WOULD CALLA CONTRADICTION SO THE PROPERTYMARKETS AND COMMERCIAL REALESTATE ARE DOING PRETTY WELL,

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BUT THERE CERTAINLY A LOT OFCLOSURES AND THAT WILL ROLL OUTAND CONTINUE TO TAKE PLACE IN2017 WITHOUT QUESTION.

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NOT ALL WILL BE IN INDIANA, BUTRETAIL HAS BEEN A DIFFICULTBUSINESS AND IT'S BECOMINGINCREASINGLY MORE CHALLENGED

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WITH THE EFFECTS OF E-COMMERCE.>> YOU SHOULD MENTION A BIGSTORY IN INDIANA IS THE OPENINGIN FISHERS OF IKEA LATER IN THE

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YEAR.>> AT THE END OF THE DAYAMERICANS LOVE TO SHOP AND THATIS A GREAT ADDITION TO THE

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CENTRAL INDIANA MARKETPLACE, IFYOU WILL.BUT THOSE TYPES OF DEVELOPMENTSON THE CLASSE LOCATIONS WILL

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CONTINUE TO PERFORM VERY WELL.>> AS WE WRAP UP LOOKING AHEADIN 2017 YOU CALL IT THE TRUMPAFFECT.

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WHAT DO YOU SEE?>> WHAT WE KNOW SO FAR OF THEADMINISTRATION BODES WELL FORCOMMERCIAL REAL ESTATE DEMAND SO

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I THINK YOU WILL SEE STRONGERGROWTH IN THE NEAR TERM OR THEMEDIUM TERM AND YOU GET FURTHEROUT IT BECOMES MORE DIFFICULT

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AND THE WILDCARD IS TRADERELATIONS.THAT IS THE ONE THING THAT HAS