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NAP Wins Approval for $600M Avalon Development

NAP Wins Approval for $600M Avalon Development

By Georgiana Mihaila, Associate Editor The Southeast is one step closer to its first “experience center”—a place where high-end retail, restaurant, residential, office, hotel, and public spaces come together in order to create a unique destination. North American Properties has received key approvals to move forward with its $600 million Avalon…

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Occupancy Up at Cousins Properties’ Promenade II

Occupancy Up at Cousins Properties’ Promenade II

By Georgiana Mihaila, Associate Editor According to a recent announcement, Cousins Properties has managed to considerably boost occupancy of its Promenade II office tower by signing Norfolk Southern as its newest tenant and renewing Tvsdesign’s existing lease. Norfolk Southern will be taking 37,000 square feet out of the total of 774,000,…

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Luxury Mariposa Lofts Community Sells for $40M

Luxury Mariposa Lofts Community Sells for $40M

By Georgiana Mihaila, Associate Editor The luxury multifamily community Mariposa Lofts was recently purchased by Inwood Holdings for $40 million, according to the Atlanta Business Chronicle. The 253-unit multifamily community, set in a central location two miles east of downtown Atlanta, was acquired by the current seller—Behringer Harvard Multifamily REIT I—in September 2009.…

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NAP to Develop $35M Luxury Apartment Community on Newly Acquired Land

NAP to Develop $35M Luxury Apartment Community on Newly Acquired Land

By Georgiana Mihaila, Associate Editor North American Properties has recently acquired 3.7 acres in Atlanta’s Old Fourth Ward neighborhood with plans of developing its first ground-up multifamily property in Atlanta since the company shifted focus from retail to mixed-use and multifamily. [...]…

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Renaissance Waverly Part of $262M Portfolio Sold to Inland

Renaissance Waverly Part of $262M Portfolio Sold to Inland

By Georgiana Mihaila, Associate Editor DiamondRock Hospitality Company has completed the previously announced sale of a three-hotel portfolio to Inland American for $262.5 million. The 521-room Atlanta Renaissance Waverly hotel was part of the deal, along with Austin’s 492-room Renaissance and [...]…

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Lincoln Property Southeast Awarded Leasing Contracts for Four Metro Atlanta Properties

Lincoln Property Southeast Awarded Leasing Contracts for Four Metro Atlanta Properties

By Georgiana Mihaila, Associate Editor Atlanta-based OA Development—a company that has acquired 400,000 square feet of commercial real estate property over the last 13 months—has awarded leasing assignments for four of its metro Atlanta office properties to Lincoln Property Company Southeast. Lincoln Property [...]…

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Hines Consolidates Sustained Excellence Spot with New LEED Certification

Hines Consolidates Sustained Excellence Spot with New LEED Certification

By Georgiana Mihaila, Associate Editor International real estate firm Hines, recently recognized by the U.S. Environmental Agency (EPA) with the 2012 ENERGY STAR Sustained Excellence Award for its continued leadership in protecting the environment, is living up to its reputation. The Atlanta [...]…

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Boxer Property Makes Grand Entrance to the Atlanta Commercial Market

Boxer Property Makes Grand Entrance to the Atlanta Commercial Market

By Georgiana Mihaila, Associate Editor Boxer Property—a Houston-based privately held commercial real estate firm—recently acquired its first Atlanta property, the historic Hurt Building in downtown Atlanta. Designed in 1913 by architect Joel Hurt, the building is one of Atlanta’s oldest skyscrapers; the [...]…

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JW Marriott’s $12M Transformation Completed; United Way Selects Crestline to Manage Conference Center

JW Marriott’s $12M Transformation Completed; United Way Selects Crestline to Manage Conference Center

By Georgiana Mihaila, Associate Editor JW Marriott Atlanta Buckhead is now ready to welcome its clients after undergoing a $12 million renovation process. The hotel, voted the Best Luxury Hotel in Atlanta by CitySearch readers, has upgraded its guest rooms, suites, [...]…

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Green Street Moves Forward With Ponce City Market Project

Green Street Moves Forward With Ponce City Market Project

By Georgiana Mihaila, Associate Editor The Ponce City Market project is one step closer to fruition, as developer Green Street Properties has officially announced that work will start this February on the removal of the 1960s parking deck from the site. [...]…

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Bank of America Plaza: From a $436M Purchase to a $235M Foreclosure

Bank of America Plaza: From a $436M Purchase to a $235M Foreclosure

By Georgiana Mihaila, Associate Editor In 2006, the purchase of the iconic Bank of America Plaza for $436 million, or $348 per square foot, set a new high for the local commercial market, standing as a symbol of the booming Atlanta [...]…

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IDI Buys 250 Acres in SW Atlanta, Plans 650,000-SF Industrial Facility

IDI Buys 250 Acres in SW Atlanta, Plans 650,000-SF Industrial Facility

By Georgiana Mihaila, Associate Editor IDI, a leading full-service industrial real estate company, has recently announced its purchase of 254 acres of land in the I-20 West submarket of Atlanta; the company’s immediate plan is to start construction on Building A, [...]…

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