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Undisclosed Buyer Pays $293M for Metro Atlanta’s Largest Hotel

Undisclosed Buyer Pays $293M for Metro Atlanta’s Largest Hotel

The 1,663-room Atlanta Marriot Marquis has recently traded owners, but no investor has yet claimed responsibility for the $293 million acquisition. Seller Host Hotels & Resorts announced that the sale went through on January 11, but has been reluctant to provide extra information.…

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Retrofitted Kennesaw Facility to Serve as Novelis’ New Global R&D Center

Retrofitted Kennesaw Facility to Serve as Novelis’ New Global R&D Center

Rolled aluminum and aluminum can recycling giant Novelis prides itself with a new 160,000-square-foot Global Research & Technology Center in Kennesaw. The facility, located merely 25 miles from the company’s corporate headquarters in Atlanta, previously served as office and warehouse space for a chemical manufacturer.…

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Crescent Ready to Kick-Start $67M Luxury Development in Buckhead

Crescent Ready to Kick-Start $67M Luxury Development in Buckhead

Following the purchase of a three-acre site within Cousins Properties’ Terminus development, Crescent Resources, LLC is now set to begin construction on the $67 million Circle Terminus community. “This site has all the ingredients for a very successful luxury apartment community,” said Ben Collins, regional director for Crescent Resources.…

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CNL Affiliates Seek to Invest in Metro Atlanta Senior Housing

CNL Affiliates Seek to Invest in Metro Atlanta Senior Housing

Two different branches of CNL Financial Group have shown interest in senior housing development in the Atlanta metro area. CNL Healthcare Trust plans on investing $21 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga., about 30 miles northwest of Atlanta.…

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Dual-Branded Hilton Opens in Midtown; Imperial Hotel Renovation Eyes LEED Gold Certification

Dual-Branded Hilton Opens in Midtown; Imperial Hotel Renovation Eyes LEED Gold Certification

Midtown Atlanta is now home to Georgia’s first dual-branded hotel, as Hilton Worldwide has recently celebrated the opening of its newest hotel, Hilton Garden Inn® and Homewood Suites by Hilton.…

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Parkway Announces Shopping Spree, Eyes Atlanta’s Tower Place 200

Parkway Announces Shopping Spree, Eyes Atlanta’s Tower Place 200

Parkway Properties, Inc. will soon own three towers clustered together at Peachtree and Tower Place, as the company has announced entering into a purchase and sale agreement to buy the Tower Place 200 office building for $56 million.…

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ADT Moves to Camp Creek Business Center; Brennan Investment Group Buys Ball Ground Industrial Facility

ADT Moves to Camp Creek Business Center; Brennan Investment Group Buys Ball Ground Industrial Facility

ADT Security Services—a provider of electronic security and monitoring systems—will soon move into Duke Realty’s 17-building Camp Creek Business Center located in the Atlanta Airport submarket. ADT recently signed a lease for 58,080 square feet that it plans on occupying in the first quarter of 2013.…

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National Retailer Opens 220,000-Sq. Ft. Store at Atlanta’s Perimeter Mall

National Retailer Opens 220,000-Sq. Ft. Store at Atlanta’s Perimeter Mall

Von Maur Department Store opened its second Georgia store and one of the company’s largest national locations at Atlanta’s Perimeter Mall on November 10.…

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Admiral Fund Joins Wood Partners in Buckhead Multifamily Deal

Admiral Fund Joins Wood Partners in Buckhead Multifamily Deal

A newly formed joint venture between San Antonio-based Admiral Capital Real Estate and Wood Partners of Atlanta recently acquired 209 apartments within The Brookhaven high-rise in Buckhead…

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Paces Cumberland Trades Hands, Awaits Renovation

Paces Cumberland Trades Hands, Awaits Renovation

Locally based real estate investment firm Atlanta Property Group has added yet another property to its portfolio by closing on the acquisition of Paces Cumberland—an office building located in the Vinings section of the Cumberland/Galleria submarket.…

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CoStar Moves to Buckhead; Highwoods Signs Two New Tenants at 2800 Century Center

CoStar Moves to Buckhead; Highwoods Signs Two New Tenants at 2800 Century Center

CoStar Group, Inc. will soon be headed to Buckhead, as the commercial real estate services provider recently signed a lease for 26,800 square feet at Phipps Tower.…

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Greystar and PREI Break Ground on Westside Luxury Community

Greystar and PREI Break Ground on Westside Luxury Community

Greystar and Prudential Real Estate Investors recently celebrated the groundbreaking of their newest Atlanta luxury apartment community, soon to rise in the exclusive Westside Provisions District. The groundbreaking ceremony was held October 9 at the White Provision Event Space.…

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