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Joint Venture Builds 370 KSF Spec Warehouse on Infill Site

Joint Venture Builds 370 KSF Spec Warehouse on Infill Site

By Balazs Szekely, Associate Editor Oakmont Industrial Group’s programmatic joint venture with The Carlyle Group recently announced the acquisition of a 35-acre infill land in Atlanta. The partnerships plan is to develop a 370,000 square-foot spec warehouse. Founded in 1996, Oakmont is a locally-based fully integrated industrial real estate investment,…

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Data Center in Alpharetta Sold as Part of a $76.9M Deal

Data Center in Alpharetta Sold as Part of a $76.9M Deal

By Balazs Szekely, Associate Editor Alpharetta Data Center II was recently acquired by Carter Validus Mission Critical REIT, Inc. in a transaction worth $76.9 million that also included Landmark Hospital of Savannah, according to a news release. The real estate investment trust picked up the data center in Alpharetta in…

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MidCity Plaza Undergoes Renovation, Upgrades to Class A

MidCity Plaza Undergoes Renovation, Upgrades to Class A

MidCity Real Estate Partners started a $7 million improvement project at MidCity Plaza that will soon convert the building into a Class A office property, DTZ announced recently. MidCity Real Estate Partners purchased the 63,049 square-foot asset, formerly known as the Crawford & Co. headquarters, in 2013 and DTZ is…

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Hilton Expands Extended-Stay Footprint, Renovates Madison House into Home2 Suites Hotel

Hilton Expands Extended-Stay Footprint, Renovates Madison House into Home2 Suites Hotel

Hilton has announced a $13 million adaptive reuse project of the building known by the name of the Madison House, The Walton, Walton Building, etc. as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta's first Home2…

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Renovating Sears for Multifamily Use

Renovating Sears for Multifamily Use

The adaptive reuse project including historic renovations of the Sears, Roebuck & Company building is nearing completion. …

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Adaptive Reuse of the FLATS at Ponce City Market Nearing Completion

Adaptive Reuse of the FLATS at Ponce City Market Nearing Completion

The project is the largest adaptive reuse effort in the history of the city, estimated at more than $200,000,000.…

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The Pinnacle, Two Live Oak Acquired by Brookdale Group Investment Fund

The Pinnacle, Two Live Oak Acquired by Brookdale Group Investment Fund

Two Buckhead office towers changed hands recently, The Brookdale Group announced in a news release. The Atlanta-based privately held commercial real estate investment company’s newly formed seventh fund purchased the properties from TIAA-CREF for a combined $201 million. Cushman & Wakefield’s Capital Markets team of Atlanta represented the seller during…

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Holcomb Woods Business Park Picked Up by Rugby Realty Associate

Holcomb Woods Business Park Picked Up by Rugby Realty Associate

New Rochelle, NY-based RexxHall Realty LLC, an affiliate of Rugby Realty, LLC has recently announced the acquisition of Holcomb Woods Business Park. The four single-story office buildings totaling 240,000 square feet are located in Roswell, North Fulton County along Georgia 400. The portfolio was 70% leased at the time of…

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Lincoln Property Company to Manage Parkwood Point Office Building

Lincoln Property Company to Manage Parkwood Point Office Building

Lincoln Property Company Southeast has won the exclusive leasing and management assignment for Parkwood Point, the company announced in a news release. The nine-story office building at 2018 Powers Ferry Road is owned by AEW Capital Management.…

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TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building

TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building

Marcus & Millichap arranges the sale of 974 Saint Nicholas Ave., a six-story elevator building in the up-and-coming Washington Heights neighborhood; and Hunt Mortgage advances a seven-year ARM for a property in a "solid" market.…

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Broadtree Homes Expands Atlanta-Area Portfolio with Acquisition from The Dominion Group

Broadtree Homes Expands Atlanta-Area Portfolio with Acquisition from The Dominion Group

Private real estate investment entity Broadtree Homes has added to its single family portfolio in Atlanta with the recent acquisition of a slew of homes in the market. The entity managed by Broadstone Real Estate LLC closed on the purchase of 24 single family rental homes from The Dominion Group,…

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Buckhead’s Crescent Terminus Sold to Berkshire Group Affiliate

Buckhead’s Crescent Terminus Sold to Berkshire Group Affiliate

An affiliate of Boston-based Berkshire Group has recently acquired the 355-unit Crescent Terminus Community, Crescent Communities announced in a news release. The three-building luxury apartment complex is located in Atlanta’s Buckhead neighborhood and it is currently pursuing the ICC-700 National Green Building Standard’s Bronze Level Certification.…

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