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ATLANTA-The 20-story office tower of a planned $175-million hotel/office project in Atlanta's Buckhead neighborhood falls victim to a soft office market. The city rezoned the 3.7-acre tract on condition that the initial plan was followed. Six Continents wants a hotel-only plan.
ATLANTA-San Francisco-based SATS Technologies picks up the 39,000-sf building in Smyrna, GA, formerly held by Reston, VA-based X-O Communications. X-O filed for Chapter 11 bankruptcy protection this month. SATS' lease is for 12.5 years at an estimated $17 per sf.
PHILADELPHIA-A comparison of Pennsylvania business taxes in relation to those of other states, conducted by Harrisburg, PA-based Keystone Research Center, disputes business-sponsored studies aimed at reducing state business taxes. KRC recommends holding off a planned phase-out of $1 billion in business taxes.
PHILADELPHIA-Locally based-Berwind Property Group buys a majority stake in Whiteland Towne Center, a 356,000-sf shopping center in Exton, PA. Whiteland is 97%-occupied, anchored by Kohl's and Acme, and located in rapidly growing Chester County.
PHILADELPHIA-Exeter, PA-based Amato/Kropp buys 81,500-sf Ames Plaza in Broadheadsville, PA for $3.75 million. The anchor tenant, Rocky Hill, CT-based Ames Department Stores, is reorganizing under Chapter 11 bankruptcy protection.
PHILADELPHIA-Cleveland, OH based-Allegro Realty Advisors nabs three new principals from the big accounting firm to expand its services and broaden its market. Their collective experience covers finance, law and government.
PHILADELPHIA-The $104-million, 335,000-sf Hillman Cancer Center, near completion in Pittsburgh's upscale Shadyside neighborhood, is sparking a land grab and driving additional development throughout the area. Locals recall earlier explosive growth of commercial real estate around its Ohio neighbor's Cleveland Clinic.
PHILADELPHIA-With Franklin Realty's purchase of 80 acres in the 202-acre Keystone Opportunity Zone at Bucks County, PA's former Naval Warfare Center, office facilities join the 100-unit Erickson retirement community that broke ground in January. Franklin pays Erickson $6.3 million.
ATLANTA-An 84,000-sf diagnostic and cancer-treatment facility adjacent to Union Regional Medical Center in Charlotte, NC, is slated to open in October. The new building and renovation of a 37,000-sf acute-care facility are funded by $25 million in A-rated revenue bonds.
ATLANTA-A four-story, 70,000-sf building for medical faculty is slated for a tight spot across from Emory University's Downtown-Atlanta Grady Hospital. The Atlanta office of HOK is the architect. Construction begins this July and completion is scheduled for September 2003.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource