ATLANTA-Doug Connell and Matt Tritschler, a team that racked up $1 billion in debt, equity and investment deals over the past five years, are wearing new jerseys.
ATLANTA-Group One Investments of Chicago paid $53.7 million for the 632-apartment Windsor at River Heights complex about 18 miles northwest of Atlanta. The price is the highest this year for a multi-family property and one of the highest for a multi-family property in Atlanta real estate history.
ATLANTA-Occupancy is at 91.7%; rents average $21 psf; and first-half net absorption is 4 million sf. The numbers are ahead of the 1999 performance and have eclipsed all 2000 projections, according to Richard Bowers & Co. researchers.
ATLANTA-Post Properties, Inc., Avalon Bay Communities Inc. and United Dominion Realty Trust are entering the world of e-commerce with their Realeum, Inc. venture. The group has garnered $15 million in initial funding.
ATLANTA-After occupying 28,000 sf for 28 years in Midtown, Habif, Arogeti & Wynne, the largest independent accounting firm in Atlanta, is relocating its 170-person staff in November to Glenridge Highlands Two, a 20-story, 414,000-sf office tower in the Ga. 400 corridor. The 10-year, 49,000-sf lease has an estimated value of $9.8 million.
ATLANTA-Highwoods Properties has broken ground on its third class A office product in The Tradeport, a 200-acre, largely warehouse/distribution development off I-75 at Hartfield Atlanta International Airport.