ATLANTA-Indicative of the national economy's slowdown, only 47,492 sf of office space was absorbed in the metro Atlanta market during the first quarter, pushing vacancies up. But one locally based firm says a turnaround is expected by year end.
ATLANTA-The recession, 9/11 and the dot-com fallout have all impacted the area's industrial market. According to Dorey's, new construction has dropped significantly since 1Q 2001. Meanwhile, vacancies are up; rents are down.
ATLANTA-The recession, 9/11 and the dot-com fallout have all impacted the area's industrial market. According to Dorey's, new construction has dropped significantly since 1Q 2001. Meanwhile, vacancies are up; rents are down.
ATLANTA-The recession, 9/11 and the dot-com fallout have all impacted the area's industrial market. According to Dorey's, new construction has dropped significantly since 1Q 2001. Meanwhile, vacancies are up and rents are down.
ATLANTA-The Texas company has developed two luxury apartment projects. In Gwinnett County, its 344-unit complex will rent from $600 to $1,100 a month, while the 224-unit Dunwoody project will go for $700 to $1,200.
ATLANTA-Locally based Wood Partners and an unnamed institutional investor have formed a joint venture partnership to develop 265 loft-style residential units in this submarket. Alta West will offer 80% of the units at market-rate rent and the remaining 20% will be set aside as affordable housing.
ATLANTA-An urban infill development six years in the making is beginning to take shape. The Lane Cos. will build a 1,150 apartments, condos and lofts at the Atlantic Station development.
ATLANTA-Southfield, MI-based Ramco-Gershenson Properties Trust has sold the 178,000-sf Hickory Corners in Hickory Corners, NC to HD Hickory LC for $10.7 million or $60.11 per sf.
ATLANTA-Locally based M.D. Hodges Enterprises has acquired the total 1.25 million-sf, 14-building Barrett Distribution Center and Kennestone Corners from Northwestern Mutual Life Insurance Co. for $41.94 per sf in one the area's biggest industrial sale of the year.
ATLANTA-John Murphy has resigned as senior vice president of Cousins Properties Inc.'s office division. He has been replaced by Tad Leithead. Walter Fish has been promoted to vice president, director of leasing.