Gellerstedt More Positive on ATL

In case youre just getting back from Spring Break, we have a little event tomorrow called the 4th Annual Atlanta State of Market (tickets here). One of our panelists is Cousins Properties CEO Larry Gellerstedt, who has had a thing or two to say about Atlanta in the past. Today, Cousins is still focused on other markets--the $165M recently raised by the company is being used to buy 816 Congress in Austin and to buy some preferred shares. But Tom tells us theres a light finally in Atlantas economy. Atlanta is recovering, as seen by job growth numbers as well as office absorption, he says. Atlanta is earlier in its recovery than our Texas markets, but were positive about the direction and performance of the region.

Continue reading this story with a free account

Log in or register
Related Topics: 816 Congress , Spring Break
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Auto Retailer Completes Hennessy Acquisition: The Atlanta Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC