ATLANTA-Two of the metro area's subcities rate high on the investment scale, but overall, Atlanta appears in 12th place in the metro rankings as premier investment locations.
ATLANTA-After six weeks of deliberation, the jury called the planned project necessary to the daily operations of the Norfolk Southern Railway. The facility will be in Clarkdale, GA, east of Atlanta.
ATLANTA-The locally-based multifamily developer is part of a consortium of eight national property owners who are contracting with BroadBand Residential Inc. to bring high-speed data, broadcast video and entertainment services access to tenants.
ATLANTA-The manufacturer of Venetian blind parts is taking 77,550 sf for five years at the 708,836-sf Peachtree North industrial park. The estimated value of the transaction is $2.7 million.
ATLANTA-The locally-based design firm paid defense contractor GEC-Marconi Avionics $5.1 million or $59.30 per sf for a two-story, 86,000-sf building on 15 acres in suburban Norcross, GA.
ATLANTA-The 13-year-old, 1,500-acre Gwinnett Progress Center has 4.5 million sf developed or under way in class A office, office/warehouse and bulk distribution products.
ATLANTA-The locally-based firm continues as one of the industry's top-performing REITs. Cousins-owned office buildings are 98% leased; retail centers 95% leased; and medical facilities, 86% leased.
ATLANTA-The price of the 24-year-old, South Plainfield, NJ building is on the high side but the locally-based REIT expects the deal to pay off over the long haul. Motorola's lease has an estimated value of $59 million.