AIG Leaning Toward Atlanta Consolidation?
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AIG's big corporate consolidation is leaning more toward Atlanta.
The potential consolidated office operations — under the economic development moniker Project Red Zone — is using CBRE for its search for at least 500k SF, and the Dallas Morning News reports "early signs are that Atlanta is the favorite for the move."
As we previously reported, AIG officials have been eyeing anchoring mixed-use projects both in Atlanta and Dallas, including Thomas Land & Development's Wade Park project, which just got an $80M bridge loan infusion to push through construction of its retail portion. The $2B, 175-acre project is the work of Atlanta developer Stan Thomas. [DMN]