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Real Estate Bisnow
The largest commercial real estate publication in the United States.
   
January 17, 2012 
 
 
THE DEAL SHEET

 
Let's just say that Gigi Giannoni is evolv-ing in her career.
 
Gigi Giannoni
One of Atlanta's best known multifamily marketers and operations gurus has quietly dissolved her Evolv sales and marketing firm to take up the COO post at the fast-growing Cortland Partners apartment empire (she also previously held exec posts at Trammell Crow, Gables Residential, and Lane Co). It's a big catch for Cortland, which in the past year has rapidly grown by purchasing more than 11 communities. “It's very clear to me that the apartment industry is coming into its own in the next four to five years," she tells us. Gigi sees rental as the preferred living option in the future as people seek greater flexibility (and let's not even talk about trying to buy homes in today's environment). “This generation and the generation to come thrive on change and being spur-of-the-moment.”
 
PM Realty (TowerPlace)
LEASING
 
Duke Realty inked a 26k SF deal for its HQ at The Davinci Building. PM Realty Group's Bill Weghorst and Chip Roach repped the landlord. This is the second big deal at The Davinci Building in recent months, including a nearly 18k SF lease with Intuitive Surgical.
SALES
 
Daniel Corp is expanding its multifamily holdings with the pending purchase of The Rocca: Piazza at Paces, an 80-unit apartment building along Northside Dr. The developer also plans to expand it by another 200 units beginning this summer
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CBRE's Justin Parsonnet, Wendy McArthur, Will Yowell, Jay O'Meara, and Leigh Martin officially closed the sale of 180 Peachtree, the 338k SF former Macy's store, to Carter Validus Mission Critical REIT for an undisclosed sum.
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CBRE's Craig Taylor brokered the sale of Sweet Apple Village, a 62k SF shopping center in Roswell. Craig brokered for the seller, BB&T, which sold it to Ziff Properties for an undisclosed sum.


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Piedmont Peridontics purchased a 2,300 SF office condo space at Luxe Condominiums, just off Piedmont Park, with ST Residential.

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Marcus & Millichap's VP Daniel “Sonny" Molloy brokered the sale of Crossroads Marketplace, a 71k SF shopping center in Warner Robins, to Cole Real Estate Investments for $11.25M, or $158/SF. The property, anchored by Best Buy and Bed Bath & Beyond, was sold by Citizens Square LLC.

 

PEOPLE
 
Courtney Branham joined VennendaalCave as an interior designer, as did Paul Ross, who's been named project manager.

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CRE vet Steve Massell joined the offices of Lee & Associates in Atlanta. Aside from formerly being the president of the Buckhead Business Association, Steve also is the son of former Atlanta Mayor (and colorful Bisnow Buckhead commentator) Sam Massell.

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North American Properties hired local social media guru and former journo Caleb Spivak to handle the social media for the developer's overall multimedia marketing platform. Caleb founded What Now Atlanta blog and was named Creative Loafing’s 20 People to Watch in 2012.

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CBRE is headed south to Savannah, naming Bill Sparks and William Lattimore as office heads. The duo come from Gilbert & Lattimore, a Cushman & Wakefield alliance firm in Savannah, and will cover a region from Hilton Head to Brunswick.

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Jones Lang LaSalle tapped Raymond Bouley as VP of Marketing for the Atlanta office. Ray comes to JLL from Next Step, a firm he co-founded, where he helped Sperry Van Ness with its corporate branding efforts.
 
EVENTS
 
NAIOP will be hosting its Happy Hour at Promenade this Wednesday beginning at 5:30 on the 21st floor. Unless you are scared of heights, then you can attend the spinoff party at Underground Atlanta.

Bisnow
THANK YOU, DR. KING
 
Dr. Martin Luther King Jr
Like many of you, we took yesterday to acknowledge the service of Dr. Martin Luther King, Jr. We admire his courage and continuing impact on American cities. This picture is from 1964, and if 95% of the Bisnow staff had been alive then, we'd certainly have been there to take it. But from what we can glean, it looks like Dr. King's response to someone asking, "How big an impact will transit-oriented development have on city centers in the year 2012?" Whether he's saying "a lot" or "why are you asking me this," it's an appropriate response.
 
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