Atlanta
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 […]
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, […]
Six Georgia Nursing Facilities Part of $174M Purchase
By Georgiana Mihaila, Associate Editor
Griffin-America HealthCare REIT II—formerly known as Grubb & Ellis Healthcare REIT II—has recently acquired 10 skilled nursing facilities and one medical office building for approximately $174.3 million.
The facilities, sold by affiliates of Wellington Healthcare Services, LP, […]
Bank of America Plaza Could be Headed for Foreclosure
By Georgiana Mihaila, Associate Editor
According to the Atlanta Business Chronicle, Atlanta’s tallest skyscraper—Bank of America Plaza—is being advertised for a foreclosure sale next month, if a deal is not be reached. Based on an advertisement in Wednesday’s edition of the […]
Carter Validius Pays $95M for Atlanta Data Center, Digital Realty $63M
By Georgiana Mihaila, Associate Editor
An increased interest in Atlanta’s data center facilities marks a great new year start for the local commercial market. Carter Validus Mission Critical REIT, Inc. has just announced its $94.75 million acquisition of Peachtree Data Center, completed […]
Partnership Breaks Ground on $60M SkyHouse Midtown
By Georgiana Mihaila, Associate Editor
Atlanta is one step closer to getting a brand new luxury apartment tower—the first high-rise apartment building to be built in Midtown for the past decade—as the 23-story SkyHouse Midtown prepares to break ground. The announcement […]
The Outlet Shoppes in Woodstock Get City Council Approval
By Georgiana Mihaila, Associate Editor
Muskegon, Mich.-based Horizon Properties plans on moving forward with its new factory outlet retail development—The Outlet Shoppes in Woodstock—as the project has recently received approval from the city council. Construction for the 365,000-square-foot factory outlet shopping […]
Midtown’s Promenade Two Trades Owners Once More
By Georgiana Mihaila, Associate Editor
The iconic Promenade Two office building in Midtown Atlanta has changed hands for the second time in the past month, as Atlanta-based Cousins Properties recently acquired the 38-story building for $134 million in cash. On November […]
Green Street Files Detailed Plans for Ponce City Market
By Georgiana Mihaila, Associate Editor
The Ponce City Market project in Atlanta is a step closer to fruition as developer Green Street Properties has filed detailed plans with the Georgia Department of Community Affairs. The $180 million plan calls for redeveloping the former […]
Summit Takes Downtown Courtyard by Marriott for $29M
By Georgiana Mihaila, Associate Editor
Summit Hotel Properties Inc. is under contract to acquire the 150-room Courtyard by Marriott in Downtown Atlanta. The deal calls for Summit to buy the property from Capstone Partners for $28.65 million, or $191,000 per key, […]