ATLANTA-A Midwest-based institutional investor has acquired Dunwoody Gables, a 311-unit rental apartment community in Dunwoody, GA.. Gables Residential sold the asset at a 7.5% cap rate.
ATLANTA-Gary Saykaly tells GlobeSt.com he and four colleagues are leaving Friday to form NewBridge Retail Advisors in suburban Alpharetta, GA. The new firm will open for business April 1.
ATLANTA-First quarter numbers reveal that the city's retail sector has softened following a period of growth in the late '90s. Expect power centers to take a further beating this year, while the Southeast's darling-grocery-anchored centers-will continue to perform relatively well.
ATLANTA-Neal Golden, Bert Sanders and Patrick Duffy have resigned from the local office of Julien J. Studley, a New York-based commercial real estate brokerage. A potential leadership change within the company prompted the spate of resignations, GlobeSt.com learns.
ATLANTA-First quarter numbers reveal that the city's retail sector has softened following a period of growth in the late '90s. Expect power centers to take a further beating this year, while the Southeast's darling-grocery-anchored centers-will continue to perform relatively well.
ATLANTA-The fast-food chain has signed the North Carolina furniture and furnishings company to a 10-year, 12,518-sf contract valued at an estimated $1.87 million. The property is at 730 Holcomb Bridge Rd.
ATLANTA-The $900 million Memphis, TN-based general merchandise retailer is scheduled to break ground in April in Dublin, GA, 100 miles southeast of Downtown Atlanta. The distribution center will handle products for Fred's 385 stores in the Southeast.
ATLANTA-The picture isn't a pretty one for this city's office sector. Overall vacancies have risen to 16.9%, Grubb & Ellis executives report. And a glut of sublease space has made matters worse.
ATLANTA-The UK-based hotel owner and operator has named Thomas Murray area president, midscale operations; Joseph Yacura, chief procurement officer; and Wesley A. Tiner, area vice president/technical services.
ATLANTA-A 348-unit apartment project has been raised by locally based Regent Partners. The $25-million Brookstone development aims to satisfy the growing need for upscale rental units in Rock Hill, SC, a Charlotte suburb.