Atlanta
Hilton Atlanta Auctioned Off for $191M
The Hilton Atlanta, an expansive convention hotel in Downtown, sold recently at a foreclosure auction. The Atlanta Business Chronicle reports Axonic Capital… Read more
Office Foot Traffic Slows in February 2025
Return-to-work mandates seem to be increasing, with many government and private sector workers directed to return to the office full-time.… Read more
Home Depot Pays $145M for Savannah Distribution Center
Home Depot has been renting a 1.4 million-square-foot distribution center in Savannah for 30 years. It has now bought the… Read more
Walker & Dunlop Arranges $176M Refi for Atlanta-Area BTR Communities
Walker & Dunlop arranged a $176 million credit facility for seven single-family rental communities in various neighborhoods within the Atlanta,… Read more
Plans for Former CNN HQ Revealed
Known as the CNN Center in downtown Atlanta for more than 30 years, the 1.2 million-square-foot landmark is undergoing a… Read more
Georgia Retail Sector Still Lagging
The proliferation of retail bankruptcies and liquidations has resulted in a major increase in available anchor space and a decline… Read more
Greystar Building Rental Community Near Planned Atlanta Movie Studio
Greystar intends to develop a new multifamily community on 6.35 acres in the Atlanta metro area, near the intersection of Parsons… Read more
F1 Arcade Debuts in Atlanta
Armada Hoffler announced that F1 Arcade, the world’s first Formula 1 hospitality brand, has signed a lease for over 15,000… Read more
RG Picks Up Distressed Kennesaw Office Asset
RG Real Estate acquired TownPark Commons for $42 million, a steep discount from an appraisal of the property four years… Read more
Will a “Trumpcession” Occur? Atlanta Fed Model Shows Negative GDP Growth, But Don’t Panic
The Atlanta Federal Reserve’s model predicts GDP could shrink by 2.8% in Q1 2025. Perhaps unsurprisingly, headlines pounced on the… Read more
CTO Pays Nearly $80M for Atlanta Metro Power Center
CTO Realty Growth has purchased Ashley Park, a 559,000-square-foot retail center in Newnan, Ga., for $79.8 million. The previous owner… Read more
Rise48 Adds to Charlotte Portfolio
Arizona-based Rise48 is finding success in Raleigh. Less than a year after entering the market, the company made its third… Read more
AVR Spins Off Two Atlanta Hotels
AVR Realty and investor partner Dimension Hospitality unloaded two Marriott-branded hotels near Truist Park for $66 million. The sale includes… Read more
Portman Makes Two Key Promotions
Atlanta-based Portman promoted Travis Garland to the newly created role of chief development officer. In this role, Garland will drive daily operations… Read more
Third & Urban Buys Atlanta-Area Flex Campus
Third & Urban acquired Northridge Commons, a seven-building, 470,000-square-foot flex industrial campus in Sandy Springs. The Dilweg Companies was the… Read more
Georgia Looking to Charge Data Center Operators for Power Use
Georgia has seen a surge in data center construction. While some appreciate the benefits in regard to property taxes kicked… Read more
Development Team Obtains $42.7M Construction Loan for Monroe Apartments
Green River Builders and ARC Multifamily Group obtained a construction loan, allowing them to proceed with a 282-unit multifamily development… Read more
Edged Data Centers Opens New AI-Ready Data Center in Aurora
Edged has completed construction on its newest, ultra-efficient data center designed to power Chicagoland’s exponential AI boom and deliver connectivity… Read more
QuadReal, T5 Target $8B Data Center Platform
QuadReal Property Group and T5 Data Centers said Wednesday they had expanded their six-year partnership to fund its next phase… Read more