Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Habitat Group broke ground on Smart Brickell Tower 1 on March 29 and expects delivery in the first quarter of 2021. Vanegas says the firm hopes to begin construction in the third quarter of this year on Smart Brickell Tower 2 and deliver that project sometime in 2021.
Windsor Commons at the time of purchase was 98.2% leased. Its tenant roster also includes Starbucks, Massage Green Spa, Great Expressions Dental, Peterbrooke Chocolatier, Tropical Smoothie Café and Hair Cuttery.
Net foreign investment in the DC office market fell into negative territory but JLL report author John Andril predicts foreign buyers will re-enter the market later this year.
The merger agreement includes a “go-shop” provision that allows the special committee of the board of directors of Carter Validus Mission Critical REIT to solicit and negotiate with other potential acquirers.
The 28,890-square-foot deal, announced by commercial brokerage firm Avison Young, is the first lease transaction signed at the more than 330,000-square-foot complex.
Having federal approval for cannabis in the U.S. will dramatically lower this risk, but until that time it is incredibly difficult to provide any actuarial backing to these pricing options, as the marketplace is now being created.
The properties at 800 & 900 North Point Parkway (“800 & 900”) and 3905 Brookside Parkway in the Atlanta suburb of Alpharetta, total approximately 380,000 square feet of Class A space.