Regions Southeast | Atlanta
Orinda, Octagon Eye Strong Area Fundamentals for Atlanta Conversion Project
The nationwide downturn in employment is chipping away at demand in the apartment market, but there are still those communities here and there where the call for more rental accommodations remains relatively strong. To that end, Orinda Corp. and Octagon Capital Partners, having found just such a community, have acquired a 350,000-square-foot office building in a college-laden district of Atlanta for a $35 million apartment conversion project.
AECOM Signs 51,337-SF Lease at Atlanta’s One Midtown Plaza
AECOM has signed a 11-year lease for 51,337 square feet of office space at Atlanta’s One Midtown Plaza.
Atlanta Developers Postpone Construction Deals as M-F Demand Wanes
Decreased completions and continual job losses are anticipated to ease the rise in apartment vacancy in Atlanta through the rest of the year, according to a second-quarter report by Marcus & Millichap Real Estate Investment Services. A shortage of construction financing and unease over constant job losses in the city have resulted in developers postponing some plans until the market stabilizes. Last year, 4,500 units were delivered, whereas in 2009 completions are expected to total just 3,300 units.
SunTrust Leases 252,800 SF in Atlanta
America’s Capital Partners has leased 252,822 square feet to locally based SunTrust Bank at the Marquis II building in ACP’s Peachtree Center mixed-use development in Atlanta, Ga.
ProLogis Leases Out 125,000 SF near Atlanta
ProLogis has leased approximately 125,000 square feet of distribution space near Atlanta to Contemporary Marketing Group.
DCT Industrial Leases 557,000 SF of Atlanta Industrial
DCT Industrial Trust Inc. has leased the entire Southcreek IV development in Atlanta to the food marketer and manufacturer, which will use the building as its new Southeast distribution hub.
DCT Rents Out 200,000 SF in Atlanta
DCT Industrial Trust Inc., an industrial real estate investment trust, has leased 200,300 square feet in Atlanta to Owens Corning Insulating Systems at Atlanta's Southcreek Distribution Center I.
Holliday Fenoglio Secures Debt, Equity for Atlanta M-F
Holliday Fenoglio Fowler L.P. has secured debt and equity for the development of Glenwood Avenue Apartments, a 325-unit, five-story luxury multifamily community in Atlanta.
12th & Midtown Atlanta Mixed-Use Lands First Office Tenants
After performing quite respectably in the face of a weak 2008 office market, Atlanta’s Midtown district is showing early signs of picking up where it left off. The $2 billion 12th & Midtown project has landed a pair of blue-chip professional services firms as its first office tenants.
Atlanta Office Market Survives 2008 with Positive Absorption
Despite the poor fourth quarter results and bleak economic news, Atlanta’s office market ended 2008 with positive absorption of 391,300 square feet--but that's down more than 2.4 million square feet from the 2.9 million absorbed in 2007, according to figures from Atlanta-based Richard Bowers & Co.
Lenox Park Post Continues $360M Disposition Plan with Atlanta M-F Sale
In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today's news of the disposition of Post Lenox Park in Atlanta, the company has one down, five more to go.
 

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