New Jersey-based Vornado Realty Trust announced Wednesday the modification of the $120 million, 6.04 percent mortgage loan secured by its Montehiedra Town Center.
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“Companies that weren’t born with AI have a long and arduous adaptation process, especially large companies with hundreds or thousands of employees. Those companies are going to lose their competitiveness to smaller businesses that are born with AI, can go faster and don’t have legacy systems to convert and maintain.”
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