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GM buys HQ it's been renting
The conditions in the real state market are not bad news for every one. It's a buyers market, after all. And GM figured this is a good time to buy its headquarters in downtown Detroit --
for $626 million. A bargain. The car maker had been leasing the space since 1996. GM also paid $200 million for a couple of office properties near Pontiac.
Posted by Lori Stassi on May 9, 2008 8:28 AM PT | Permalink
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