Southeast

The new lease deal was signed on April 19, two days after the office building was sold, according to Colliers International. The lease expands the company's presence at the property from 73,005 square feet to 106,957 square feet.

Marriott is starting a new home-rental business, aiming to take on Airbnb in one of the lodging industry's hottest segments.

The deal is comprised of 4.1 million operating partnership units each valued at $15.55, assumed mortgage debt of $36 million, and $5 million in cash.

Marriott plans to expand the home-sharing pilot it launched in Europe last year to the US, adding 2,000 home rentals in vacation destinations such as Lake Tahoe and Bar Harbor, ME.

Brookfield Property Partners CEO Brian Kingston said the company would be launching the fund within the next month or two.

A groundbreaking for the project was held last Friday and demolition of the Edison Building at the project site located at the southwest corner of North Boulevard and Spaulding Drive is scheduled to begin on May 7.

Originally built in 2006 within the Hembree Park master-planned community, the Roswell Distribution Center comprises two buildings featuring 26 dock doors, two drive-in doors and clear ceiling heights up to 24 feet.

With the four new hires, in less than four months Cresa has hired 123 employees, bringing its worldwide workforce to more than 1,100.