Atlanta
Resource Real Estate-Sponsored REIT Acquires Two Atlanta Communities
Resource Real Estate recently announced that one of its investment trusts, Resource Real Estate Opportunity REIT, Inc., has picked up two residential properties. Both Berkeley Run and Berkeley Trace are located in the residential submarket along Glenridge Drive Northeast in Atlanta, less than a mile from Atlanta’s Perimeter Center.
Hyatt House Atlanta/Cobb Galleria is LEED Certified
Hyatt House Atlanta/Cobb Galleria in Atlanta’s northwest corridor received LEED certification according to a written announcement released recently by Noble Investment Group and Hyatt Hotels and Resorts.
Pointe at Lenox Park Picked Up for Almost $25M
Pointe at Lenox Park, a 271-unit garden-style community in the Brookhaven submarket recently changed hands for $24.9 million. The previous local private owner sold the apartment homes to Cortland Partners.
Rockefeller Group Sells 1.5 MSF General Mills Distribution Center in Atlanta
The Rockefeller Group Development Corp. has sold the 1.5 million-square-foot General Mills Distribution Center in Social Circle, Ga., to Welsh Property Trust.
Calkain Expands with New Office in Atlanta
Calkain has kicked off its national expansion program and first on the list of markets targeted for entry is Atlanta, where the company just opened a new office.
Atlantic Station Gets More EV Charging Units
Electric car driving tenants, employees and visitors of the Atlantic Station mixed-use community in Atlanta can breath a sigh of relief knowing they will never again have to leave the complex with a dying battery. According to a recent announcement, four new Level 2 electric-vehicle charging units have been put in operation in the underground parking garage on P1, near the valet station.
Jamestown Secures $180 Million Loan for Ponce City Market, Atlanta
Jamestown’s 1.1 million-square-foot, mixed-use Ponce City Market restoration project, Atlanta’s largest adaptive reuse endeavor ever, has just reeled in a $180 million construction loan.
International Tech Group Subsidiary Consolidates Operations at 5405 Windward Parkway
Andritz Inc., a U.S. subsidiary of the Andritz Group moves to 5405 Windward Parkway. The company has recently signed a long-term lease for 40,000 square feet. To the he landlord, Highwoods Properties, Inc.’s relief the building has reached almost complete occupancy.
CrowdVested Launches First Southeast Crowdfunding Campaign for Retail Project in Atlanta
CrowdVested together with Paces Properties is offering the first equity crowdfunding in the Southeast open to both accredited and non-accredited investors.
Berkley Specialty Underwriting Managers Consolidates Operations at Ravinia
Berkley Specialty Underwriting Managers has recently signed a long-term office space lease in Atlanta’s Central Perimeter submarket at Two Ravinia Drive. The property is part of the 42-acre Ravinia complex which consists of three Class A towers and a 500-room Crowne Plaza Hotel.