ATLANTA-Lawrence L. Gellerstedt III and former colleague Egbert Perry of the Integral Group are partnering in a 220-unit venture across from the future site of the World of Coke and Georgia Aquarium attractions.
ATLANTA-The commercial construction, real estate investment and development firm is reporting a net loss from continuing operations of $948,406 for its first fiscal quarter, compared to a net loss of $464,948 last year.
ATLANTA-Area brokers in a position to know tell GlobeSt.com the Cincinnati-based retail chain's contract with mall owner General Growth Properties Inc. of Chicago is expected to close by year end. Federated shuttered the estimated 100,000-sf store in January of this year.
PALM COAST, FL-All 88 units in the project's first phase were sold for $484,000 to $675,000 per unit, producing a total sale of $48 million. The developer, The Ginn Co. of Celebration, FL, generated another $5.2 million in the sale of lots during the venture's grand opening weekend.
ATLANTA-The brokerage team of Marc Robinson, Joshua Goldfarb and Chris Johnson sells a total 481 area apartments in a soft multifamily market where vacancy rates are expected to hit 11.5% by year end, according to a mid-year study by Marcus & Millichap.
ALPHARETTA, GA-Hit by soft second-quarter financials, the Freeport, IL-based manufacturer scales down plans to lease an estimated $35 million, 210,00-sf, three-building, build-to-suit satellite corporate office in the 150-acre Sanctuary Park being developed and managed in this Atlanta suburb by Jones Lang LaSalle. Instead, the company will lease 40,000 sf in one of the park's existing buildings.
DOUGLASVILLE-Willoughby & Sewell Development Co. has filed plans for Gateway Village, a 250-home subdivision that would include 22 acres of commercial on a 102-acre tract on the southwest corner of GA 92 and Maroney Mill Road, about 10 miles west of Downtown Atlanta.
ORLANDO-Closed transactions through June in the metro area totaled only $90 million but several deals still on the table could increase the dollar volume in the next 60 days, according to a new analysis by CB Richard Ellis Inc.
ORLANDO-Central Florida developers have 2.7 million sf of new projects under construction with another 4.5 million sf on the drawing boards, according to a new industry analysis by Colliers Arnold Commercial Real Estate Services Inc. Downtown is seeing a development boom.
CHAMBLEE, GA-The Stockton, CA-based developer plans to break ground before year end on The Battery at Chamblee Station, a 192-unit, class A multifamily this suburban community. First listed in 1999, the 4.16-acre tract sold for $2.7 million, or $649,038 per acre ($14.90 per sf).