Atlanta
Atlanta Ronald McDonald House Charities Broke Ground on New Facility
Atlanta Ronald McDonald House Charities started expanding in late October by breaking ground on a new facility and launching a public fundraising campaign for the construction of the Ronald McDonald House that replaces the current one on Peachtree Dunwoody Road near Children’s Healthcare of Atlanta at Scottish Rite.
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 Wednesday, 24 September.
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.
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.
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.
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.
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.
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.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
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 Norman J. Radow, Atlanta Retailers Association brokered the transaction.