ATLANTA—NAI Brannen Goddard added veteran Atlanta broker Bill Kee, as senior vice president. Kee specializes in industrial, and will focus on tenant and landlord representation. With over 30 years of commercial real estate experience, he has completed more than $1 billion in transactions. His background includes senior-level tenures at JLL, CBRE, and Trammell Crow. Kee is a Top Ten Producer and a Life Member in the Atlanta Commercial Board of Realtors Million Dollar Club. He is also a member of the Society of Industrial and Office Realtors (SIOR), National Association of Industrial and Office Properties (NAIOP), and the Atlanta Commercial Board of Realtors.

ATLANTA—Two award-winning architects have teamed up to launch a new firm focused on the design of major urban intown development and renovation projects. Brock Hudgins Architects is led by Eric Brock and Ben Hudgins who, over several decades, have delivered more than 10,000 living spaces in creative projects, are launching the new endeavor. They have created several highly-regarded projects in the Southeastern United States including StudioPlex, an American Institute of Architects (AIA) Georgia Design of Excellence Award winner, MidCity Lofts, an AIA South Atlantic Region Merit Award recipient and Seventh Midtown, an AIA Atlanta Chapter Residential Design Honor Award winner.

DEAL TRACKER

ATLANTA—Preferred Apartment Communities acquired Castleberry-Southard, an 80,018-square-foot shopping center located in the Atlanta MSA and anchored by a 45,600-square-foot Publix grocery store. Castleberry-Southard is located in Forsyth County, the 11^th-fastest growing county in the US, and is located off of Georgia 400 at the intersection of Castleberry Road and Bethelview Road. PAC acquired this asset through its wholly-owned subsidiary New Market Properties. The company financed the acquisition utilizing a non-recourse first mortgage loan from Principal Life Insurance Company. The first mortgage loan is approximately $11.5 million, bears interest at fixed rate of 3.99% per annum and matures on May 1, 2027. There are no loan guaranties provided by PAC or its operating partnership.

ATLANTA—Columbia Property Trust completed more than 92,000 square feet of leasing since November 2016 at One Glenlake Parkway, a 351,000-square-foot class-A office building in Atlanta's Central Perimeter submarket, to bring the building to 94% leased. Five new tenants are moving in with leases ranging from 3,000 square feet to more than 66,000 square feet. This surge in leasing momentum was driven by the completion of a $3 million reimagining and modernization of One Glenlake, which is located just off Highway 400 adjacent to Newell Brands, and the new US headquarters for Mercedes Benz. Built in 2003, the 14-story One Glenlake is now equipped with renovated common areas and high-end finishes, as well as a best-in-class package of tenant amenities.

ATLANTA—HFF arranged $11.1 million in acquisition financing for a fully-leased, four-building industrial portfolio totaling 409,851 square feet in the metropolitan Atlanta area. HFF worked on behalf of the borrower, Citimark to place the seven-year, fixed-rate loan with 40/86 Mortgage Capital. This acquisition signals Citimark entry into the Atlanta market, forwarding Citimark's strategy of purchasing infill class A and B small bay industrial properties in primary markets in the United States. The HFF debt placement team representing the borrower was led by director Ken Martin.

BUILDING BLOCKS

FAYETTEVILLE GA—Pinewood Forrest announced its first home sites are available for reservation. The first group of residences to be released at Pinewood Forrest—Phase 1A—comprises 50 home sites. Featured floorplans designed by nationally renowned planner Lew Oliver range from 1,214 to 3,880 square feet, with homes priced from $349,900 to $1-plus million. Pinewood Forrest is the first large-scale mixed-use community in the nation to use virtual reality home tours to bring floorplans to life for buyers across all home types and price points. Enabled by Atlanta-based TRICK 3D's Floorplan Revolution technology, the Pinewood Forrest Real Estate website offers life-like photo-real virtual walk throughs and video tours of every available home plan, as well as greenspaces and gardens.

Early this week in the Southeast, we saw some strong numbers for the hotel industry. The regional market also witnessed musical chairs, a new firm opening, and plenty of deal flow.

BY THE NUMBERS

US hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. Total operating revenue, driven by a 0.2% rise in occupancy and a 2.5% growth in average daily rate (ADR), increased by 2.4% in 2016 for the average hotel in its survey sample. However, by limiting the growth in operating expenses to just 1.6%, managers at the Trends properties were able to extract a 3.7% increase in gross operating profits for the year. (Source: 2017 edition of Trends in the Hotel Industry by CBRE Hotels' Americas Research)

NEWS & NOTABLES

ATLANTA—NAI Brannen Goddard added veteran Atlanta broker Bill Kee, as senior vice president. Kee specializes in industrial, and will focus on tenant and landlord representation. With over 30 years of commercial real estate experience, he has completed more than $1 billion in transactions. His background includes senior-level tenures at JLL, CBRE, and Trammell Crow. Kee is a Top Ten Producer and a Life Member in the Atlanta Commercial Board of Realtors Million Dollar Club. He is also a member of the Society of Industrial and Office Realtors (SIOR), National Association of Industrial and Office Properties (NAIOP), and the Atlanta Commercial Board of Realtors.

ATLANTA—Two award-winning architects have teamed up to launch a new firm focused on the design of major urban intown development and renovation projects. Brock Hudgins Architects is led by Eric Brock and Ben Hudgins who, over several decades, have delivered more than 10,000 living spaces in creative projects, are launching the new endeavor. They have created several highly-regarded projects in the Southeastern United States including StudioPlex, an American Institute of Architects (AIA) Georgia Design of Excellence Award winner, MidCity Lofts, an AIA South Atlantic Region Merit Award recipient and Seventh Midtown, an AIA Atlanta Chapter Residential Design Honor Award winner.

DEAL TRACKER

ATLANTA—Preferred Apartment Communities acquired Castleberry-Southard, an 80,018-square-foot shopping center located in the Atlanta MSA and anchored by a 45,600-square-foot Publix grocery store. Castleberry-Southard is located in Forsyth County, the 11^th-fastest growing county in the US, and is located off of Georgia 400 at the intersection of Castleberry Road and Bethelview Road. PAC acquired this asset through its wholly-owned subsidiary New Market Properties. The company financed the acquisition utilizing a non-recourse first mortgage loan from Principal Life Insurance Company. The first mortgage loan is approximately $11.5 million, bears interest at fixed rate of 3.99% per annum and matures on May 1, 2027. There are no loan guaranties provided by PAC or its operating partnership.

ATLANTA—Columbia Property Trust completed more than 92,000 square feet of leasing since November 2016 at One Glenlake Parkway, a 351,000-square-foot class-A office building in Atlanta's Central Perimeter submarket, to bring the building to 94% leased. Five new tenants are moving in with leases ranging from 3,000 square feet to more than 66,000 square feet. This surge in leasing momentum was driven by the completion of a $3 million reimagining and modernization of One Glenlake, which is located just off Highway 400 adjacent to Newell Brands, and the new US headquarters for Mercedes Benz. Built in 2003, the 14-story One Glenlake is now equipped with renovated common areas and high-end finishes, as well as a best-in-class package of tenant amenities.

ATLANTA—HFF arranged $11.1 million in acquisition financing for a fully-leased, four-building industrial portfolio totaling 409,851 square feet in the metropolitan Atlanta area. HFF worked on behalf of the borrower, Citimark to place the seven-year, fixed-rate loan with 40/86 Mortgage Capital. This acquisition signals Citimark entry into the Atlanta market, forwarding Citimark's strategy of purchasing infill class A and B small bay industrial properties in primary markets in the United States. The HFF debt placement team representing the borrower was led by director Ken Martin.

BUILDING BLOCKS

FAYETTEVILLE GA—Pinewood Forrest announced its first home sites are available for reservation. The first group of residences to be released at Pinewood Forrest—Phase 1A—comprises 50 home sites. Featured floorplans designed by nationally renowned planner Lew Oliver range from 1,214 to 3,880 square feet, with homes priced from $349,900 to $1-plus million. Pinewood Forrest is the first large-scale mixed-use community in the nation to use virtual reality home tours to bring floorplans to life for buyers across all home types and price points. Enabled by Atlanta-based TRICK 3D's Floorplan Revolution technology, the Pinewood Forrest Real Estate website offers life-like photo-real virtual walk throughs and video tours of every available home plan, as well as greenspaces and gardens.