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PHOENIX—In reporting the results of its audit committee's investigation, the net lease REIT said Monday it expects to name a new CEO and non-executive chairman “in the near term.”
LOS ANGELES—Essex Property Trust has acquired 8th+Hope from developer Wood Partners. The project began in 2007, and produced a 290-unit, 22-story luxury building.
NEW YORK CITY—After first acquiring the building's defaulted first mortgage three years ago and holding on through a foreclosure, the company has sold the Midtown office and retail tower.
PHOENIX—The Construction Lender Risk Management community is hosting the second annual Construction Lender Risk Management roundtable held March 2-4 in Phoenix
Though lagging in the recovery, Atlanta has emerged as a market to watch. How do economic developers plan to fuel continued investment? What do top transaction specialists see as the biggest opportunity in 2015? What challenges accompany opportunity across all property types? Atlanta's CRE leadership addresses the state of the market across the region.
Driven by e-commerce, third-party logistics providers, competitive rates and a desirable location, Atlanta's industrial vacancy has dropped below 10% for the first time in nearly 14 years. In addition to large industrial centers, single tenant build-to-suit developments are not uncommon, particularly when major corporations choose to make Atlanta their home. An added bonus is proximity to the Port of Savannah, the fourth busiest port in the nation. Hear from industrial leadership as to why the sector is booming in Atlanta and what successes are expected in 2015.
Cranes abound in greater Atlanta, as development efforts work to meet growing demand. Multifamily and mixed-use activity lead the way, with developers set to deliver the largest addition to stock in five years in 2015. Are these bullish multifamily expectations warranted? Are certain Atlanta submarkets being overbuilt? Will current labor shortages effect development long term? Join both local and national developers as they discuss their take on multifamily and development initiatives in the space.