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Joint Venture Develops New AC by Marriott Hotel near Phipps Plaza

Joint Venture Develops New AC by Marriott Hotel near Phipps Plaza

Simon Property Group joined forces with Noble Investment Group to bring a new Marriott hotel to Phipps Plaza. The new facility will represent the hospitality giant’s AC Hotels by Marriott brand. The retail real estate leader and the private equity hospitality firm announced the AC by Marriott Buckhead project on…

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Westin Atlanta Perimeter North is Back in Business after Full-Scale Transformation

Westin Atlanta Perimeter North is Back in Business after Full-Scale Transformation

Westin Atlanta Perimeter North underwent a multi-million dollar renovation and is now fully operational again, according to Marcus Hotels & Resorts, a division of The Marcus Corporation.…

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One and Two Parkway Center under New Ownership

One and Two Parkway Center under New Ownership

The Marietta complex totaling 458,861 square feet has been purchased in a direct off-market transaction by Fairlead Commercial Real Estate and equity partner Bridge Investment Group Partners, managers of the ROC Funds.…

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Construction Commences on Belmont Mixed-Use Development

Construction Commences on Belmont Mixed-Use Development

The developer, Halpern Enterprises broke ground Thursday on Belmont, a multi-use project going up at the intersection of Windy Hill Road and Atlanta Road in the heart of Smyrna.…

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Radco Purchases Two Metro Atlanta Communities for $33.2M from Fannie Mae

Radco Purchases Two Metro Atlanta Communities for $33.2M from Fannie Mae

RADCO’s founder and CEO, Norman J. Radow has recently announced the $33.2 million acquisition of two metro Atlanta residential properties from Fannie Mae, totaling 553 units. The 439-unit Keeneland Farms and 114-unit Brown Ridge will soon undergo maintenance and rebranding.…

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ACP Picks Up TownPark Ravine Office Park with $41.1M Loan

ACP Picks Up TownPark Ravine Office Park with $41.1M Loan

America’s Capital Partners has purchased TownPark Ravine, a three-building, 367,090-square-foot office park near Kennesaw.…

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KBS Subsidiary Eyes Atlantic Station Landmark Tower

KBS Subsidiary Eyes Atlantic Station Landmark Tower

171 17th Street in Atlantic Station will change hands soon, as a company affiliated with KBS Capital Markets Group’s Real Estate Investment Trust III has recently entered into an agreement to acquire the office building for the price of $132.5 million or $260 per square foot.…

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Lawrenceville Value-Added Community Sold to Local Investor

Lawrenceville Value-Added Community Sold to Local Investor

The 98-unit Ashford Way multifamily property at 370 Hurricane Shoals Road changed hands for $5 million, approximately $51,000 per unit. KENCO Apartment Communities, a multifamily investor with a 50-year background in Atlanta purchased the property from The RADCO Companies. According to a recent announcement made by RADCO's founder and CEO…

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MetLife Brings 3 MSF Industrial Park to Metro Atlanta

MetLife Brings 3 MSF Industrial Park to Metro Atlanta

A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County, bringing about 1,200 full-time construction jobs to the area. MetLife, Inc.’s joint venture with Newport Beach, Calif.-based Panattoni Development Company will carry out the project. MetLife is majority partner and the privately…

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STORE Capital Acquired Advanced Control Systems Building

STORE Capital Acquired Advanced Control Systems Building

STORE Capital – an Institutional REIT, bought Advanced Control Systems Building a 49,436 square foot office/warehouse facility located in Norcross, enlisting the services of Stan Johnson Company. The transaction was worth $4.12 million and the property is leased back to Advanced Control Systems, Inc.…

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Loehmann’s Plaza to be Redeveloped and Renamed

Loehmann’s Plaza to be Redeveloped and Renamed

Loehmann’s Plaza gets a facelift and a new name soon with site works beginning in June and continuing through January 2015. The redeveloped retail facility at the corner of North Druid Hills and Briarcliff Roads in Atlanta will be called Brighten Park. Regency Centers Corporation will redevelop the property and…

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Two Norcross Communities Get $22M Bridge Loan for Renovations

Two Norcross Communities Get $22M Bridge Loan for Renovations

Centre at Peachtree Corners and Summit at Dawson obtained a $22 million bridge loan that will facilitate the exterior and interior renovation, as well as the reposition of the two residential properties into affordable Class A assets. Pembrook Capital Management LLC closed the transaction on behalf of the borrowers, Five…

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