ATLANTA-Despite an office leasing softness (20% vacancies), the company that wrote the book on office condominium development in the Southeast plans to break ground in first quarter 2004 on 1820 Peachtree, an 11-story, 145,000-sf building between Midtown and Buckhead that will also have two levels of retail totaling 12,300 sf.
ATLANTA-Houston-based Hines Interests canceled an option on the 6.7-acre site in 1999 to develop office towers, residences and retail space after failing to sign an anchor tenant, area brokers tell GlobeSt.com. The estimated asking per-acre price is at least $2.98 million, or about $68.53 per sf, one of the highest in recent city real estate annals, brokers say.
ORLANDO-The north end of International Drive and the Kissimmee submarkets are running into new competition and fewer hotel-motel guests, Trammell Crow Co. senior vice president C. Whitney Knoll tells delegates at the 2003 Florida Conference of the International Council of Shopping Centers meeting here.
ATLANTA-Jud Bass, former vice president of asset services for CB Richard Ellis Inc. here, and Lee Ring, former CEO of R.E.O. Marketing Systems Inc., are the newest senior advisors in the Irvine, CA-base firm's local office.
ORLANDO-The former executive vice president has directed operations at the 4,200-acre business park since 1999. He will continue to oversee the three multi-use parks within Orlando Central Park and Woodland Lakes, a mixed-use development in the east section of the city.
ORLANDO-Shopping volume nationally is down, especially among women, says C. Britt Beemer, chairman of Charlotte, NC-based America's Research Group. Mall owners, developers and managers need to create a property look that will trigger greater demand from shoppers, he told delegates attending the 2003 Florida Conference of the International Council of Shopping Centers.
ATLANTA-James Creek, a planned 939-home project by PEC Development Group of Cobb County, is scheduled to have 15 acres of commercial space, 300 townhomes and 639 single-family residences on a 343-acre site between GA 20 and Old Atlanta Road. A fall groundbreaking is scheduled.
ATLANTA-James Creek, a planned 939-home project by PEC Development Group of Cobb County, is scheduled to have 15 acres of commercial space, 300 townhomes and 639 single-family residences on a 343-acre site between GA 20 and Old Atlanta Road. A fall groundbreaking is scheduled.
ATLANTA-The move aims to control the expected rising vacancy rate of 11.9% by year end and to firm up asking rents, according to a new analysis from the local office of Marcus & Millichap.
ATLANTA-Mark Dagel tells the county commission his 51 acres in a flood plain for $500,000 or $9,804 per acre is a bargain deal for Cherokee's green space program. But some commissioners suspect the land already is protected and isn't worth buying.