Atlanta
Transwestern to Lease Platinum Tower; Parmenter Scores Two TOBY Awards
Beacon Investment Properties has recently named Transwestern’s Atlanta office as the exclusive leasing agent for its 312,500-square-foot Platinum Tower. This new leasing project is a significant addition to Transwestern’s leasing and property management portfolio, totaling more than 32 million square feet of commercial properties managed out of the Atlanta office.
Hines Starts Construction on M-F Project in Atlanta’s Brookhaven
In the latest expansion of its multi-family business, Hines has begun construction on @1377, a luxury multi-family complex on Dresden Drive in the Brookhaven neighborhood of Atlanta.
Construction Underway at @1377, Hines’ First Atlanta Apartment Project
A new luxury apartment complex currently underway in Brookhaven, developed by international real estate firm Hines’s Multifamily Division, will add 215 units to the desirable neighborhood. Dubbed @1377, the multifamily community will take shape on Dresden Drive, only a short walk from some of Atlanta’s best home-grown restaurants and bars.
Cousins Buys Houston’s Post Oak Central, Atlanta’s Terminus Properties
Atlanta-based real estate company Cousins Properties acquired Post Oak Central, a Class A office complex in the Galleria submarket of Houston, for $233 million from institutional investors advised by J.P. Morgan Asset Management. The company also bought the Terminus 100 and 200 towers in Atlanta’s Buckhead market.
Duke Realty Closes Multiple Industrial Leases in Northeast Atlanta
In what seems to be a thriving week for Duke Realty’s Atlanta office, four companies have signed leases totaling 365,180 square feet at business parks in the northeast submarket of Atlanta.
NAP Breaks Ground on $600M Avalon Mixed-Use Development in Alpharetta
Nine months after the ambitious Avalon mixed-use development finally got the approval of the Alpharetta City Council, developer North American Properties is now one step closer to deliver what it fondly calls “the Southeast’s preeminent experiential development”.
Palisades Office Park’s Green Efforts Rewarded with LEED Gold Certification
Palisades Office Park, Shorenstein Properties’ Class A complex located in Atlanta’s dynamic Central Perimeter, has recently received LEED certification at the Gold level, Existing Building Operations and Maintenance (EBOM). LEED for Existing Buildings: Operations & Maintenance addresses energy efficiency, whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior maintenance programs, and systems upgrades.
Phillips Edison–ARC Shopping Center REIT Acquires 508 KSF Shopping Center Portfolio in Atlanta
Phillips Edison-ARC Shopping Center REIT has started the new year where it left off in 2012 – with another acquisition – a portfolio of six grocery-anchored shopping centers in the Atlanta area, which the Cincinnati-based REIT acquired for $60.5 million.
Host Hotels & Resorts Sells Atlanta’s Largest Hotel for Reported $293M
Host Hotels & Resorts has sold the 1,663-room Atlanta Marriott Marquis to an undisclosed buyer for a reported $293 million.
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.