Uncategorized – Page 42 – CRE 101 – Buy | Sell | Lease

Big Office Deals Are Returning To Atlanta, REIT Executives Say

Three of the largest office owners in Metro Atlanta say tenants looking for sizable office spaces are scouting the market as notes of optimism return to the beleaguered commercial real estate industry.

Three of the largest office owners in Metro Atlanta say tenants looking for sizable office spaces are scouting the market as notes of optimism return to the beleaguered commercial real estate industry. Read MoreBisnow News Feed

Three of the largest office owners in Metro Atlanta say tenants looking for sizable office spaces are scouting the market as notes of optimism return to the beleaguered commercial real estate industry.

06

Dec

This Week’s Atlanta Deal Sheet: Third & Urban Eyeing Redevelopment Of Brookhaven Office Park

The developers of Westside Paper are planning on redeveloping a suburban office campus into a mixed-use haven across from the new Children’s Healthcare of Atlanta Arthur M. Blank Hospital.

The developers of Westside Paper are planning on redeveloping a suburban office campus into a mixed-use haven across from the new Children’s Healthcare of Atlanta Arthur M. Blank Hospital. Read MoreBisnow News Feed

The developers of Westside Paper are planning on redeveloping a suburban office campus into a mixed-use haven across from the new Children’s Healthcare of Atlanta Arthur M. Blank Hospital.

06

Dec

Pressure Builds On Nightingale’s Schwartz As Lawyers Quit, Sales Stall And Investigators Circle

It’s been more than a year since Nightingale Properties CEO Elie Schwartz was first accused of embezzling more than $50M from crowdfunding investors who funneled cash into two failed real estate deals.
While the New York-based developer struck a deal last October to pay back the missing millions, it has been six months since Schwartz stopped making payments as part of that settlement. The trustee overseeing the recovery process, in a webinar with the burned investors this month, acknowledged the biggest question now lingering over the unresolved scandal.
“A couple of you have asked, ‘Why the hell isn’t he in jail yet?’”…

It’s been more than a year since Nightingale Properties CEO Elie Schwartz was first accused of embezzling more than $50M from crowdfunding investors who funneled cash into two failed real estate deals.
While the New York-based developer struck a deal… Read MoreBisnow News Feed

It’s been more than a year since Nightingale Properties CEO Elie Schwartz was first accused of embezzling more than $50M from crowdfunding investors who funneled cash into two failed real estate deals.
While the New York-based developer struck a deal…

06

Dec

Franklin Street Sells Pershing Park Plaza In Midtown For 25% Haircut

A New England-based REIT has sold its last Atlanta building, accepting a price $11M below what it paid for the property.

A New England-based REIT has sold its last Atlanta building, accepting a price $11M below what it paid for the property. Read MoreBisnow News Feed

A New England-based REIT has sold its last Atlanta building, accepting a price $11M below what it paid for the property.

06

Dec

Bigger Canvas: Macy’s Purchase Makes Gwinnett Mall Redevelopment Opportunity More Attractive

In September, Gwinnett County, Georgia, unveiled plans to purchase the Macy’s site at Gwinnett Place Mall, bringing it closer to reimagining the once-thriving retail hub into a robust mixed-use destination that will better serve community needs.
As part of the $16.5M deal, the Urban Redevelopment Agency of Gwinnett County will acquire 293K SF of retail space on 23 acres, adding to the county’s existing holdings of 39 acres of the mall site.
“This is a big deal because it means we’ll have more control over the site,” County Commissioner Kirkland Carden said. “This purchase expands the acreage of our planned redevelopment and reduces…

In September, Gwinnett County, Georgia, unveiled plans to purchase the Macy’s site at Gwinnett Place Mall, bringing it closer to reimagining the once-thriving retail hub into a robust mixed-use destination that will better serve community needs.
As… Read MoreBisnow News Feed

In September, Gwinnett County, Georgia, unveiled plans to purchase the Macy’s site at Gwinnett Place Mall, bringing it closer to reimagining the once-thriving retail hub into a robust mixed-use destination that will better serve community needs.
As…

06

Dec

This Week’s Atlanta Deal Sheet: AIG Nails Down Huge Expansion In Brookhaven

Insurance giant American International Group has inked a deal to open a 180K SF innovation hub in Brookhaven.

Insurance giant American International Group has inked a deal to open a 180K SF innovation hub in Brookhaven. Read MoreBisnow News Feed

Insurance giant American International Group has inked a deal to open a 180K SF innovation hub in Brookhaven.

06

Dec

Video surfaces that brings downtown’s Centennial Yards to life

Josh Green

Fri, 12/06/2024 – 12:37

^ Complete with selfie-popping lovebirds and Trae Young three-point bombs, a video has come to light that shows in technicolor how Centennial Yards’ centralized fun zone is expected to look and function in less than two years.

As eagle-eyed readers point out, the Vimeo clip comes courtesy of Apex Visualization, the company behind the latest Centennial Yards renderings for the project’s 8-acre, mixed-use entertainment hub, which is set to be anchored by a Cosm entertainment dome.

That aspect of the former downtown Gulch—with other components that include a mid-rise hotel, bars and restaurants, and a fan plaza at the center—has started vertical infrastructure construction. Centennial Yards Company officials have said the structures will be finished in time for eight FIFA World Cup matches set to be played in Atlanta, beginning in June 2026.

More broadly, Centennial Yards’ infrastructure designs call for creating a dozen city blocks downtown, with a police mini precinct, a new fire station, and public greenspaces tucked among them. It’s expected to cost in the ballpark of $5 billion overall.

Centennial Yards is considered a partnership between the Atlanta Development Authority, the City of Atlanta, and Los Angeles-based developer CIM Group, among other stakeholders. The 50-acre megaproject’s first ground-up new residential tower, the 304-unit The Mitchell, topped out in August.

In an August reader poll asking which of downtown’s major projects will be most impactful and beneficial for the city, Centennial Yards captured 40 percent of more than 1,300 public votes, winning by a significant margin. The development has since caught flak for not delivering on affordable-housing promises with current projects.

A fresh perspective on a main dining and retail corridor with a large screen for sports at Centennial Yards. Centennial Yards images by Apex Visualization

Centennial Yards images by Apex Visualization

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The National Observer: Real Estate: What’s on tap for the housing market in 2025

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year.

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year.

06

Dec

The National Observer: Real Estate: What’s on tap for the housing market in 2025

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year.

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)

While inventory could be a bright spot for homebuyers in 2025, mortgage rates are likely to still be volatile next year.

06

Dec

Owners Hope to Expand Birkdale Village

The owners of Birkdale Village in Huntersville want to add office space, a hotel, apartments and expand the retail offerings. A development group made up of North American Properties, Jamestown and Nuveen Properties is hoping to get a zoning change that will allow them to change the current plan and build a $180 million expansion.

The Charlotte Business Journal reports the details include a 125-room hotel, 150 multifamily units, 122,300 square feet of office space and 26,715 square feet of retail space.

The office building, which includes ground-floor retail space, would be developed at the site of an existing Barnes & Noble store. The 150-unit multifamily building is being planned for the current site of Dick’s Sporting Goods at Birkdale Village. The hotel would be across from the office building.

Birkdale Village is currently 100% occupied and includes around 250,000 square feet of retail space, 50,000 square feet of office space and 320 apartments.

The post Owners Hope to Expand Birkdale Village appeared first on Connect CRE.

The owners of Birkdale Village in Huntersville want to add office space, a hotel, apartments and expand the retail offerings. A development group made up of North American Properties, Jamestown and Nuveen Properties is hoping to get a zoning change that will allow them to change the current plan and build a $180 million expansion. …
The post Owners Hope to Expand Birkdale Village appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

The owners of Birkdale Village in Huntersville want to add office space, a hotel, apartments and expand the retail offerings. A development group made up of North American Properties, Jamestown and Nuveen Properties is hoping to get a zoning change that will allow them to change the current plan and build a $180 million expansion. …
The post Owners Hope to Expand Birkdale Village appeared first on Connect CRE.

06

Dec

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