SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
October 10, 2019

Midtown's Tech Triumphs Take Shine Off Bank-Heavy Buckhead Offices

TireHub CEO Peter Gibbons to discuss supply chain and logistics impact on industrial real estate at Southeast Industrial & Logistics Summit Nov. 12

Midtown Atlanta is the hottest office submarket in the city, drawing the most leases as well as some of the highest rents in the metro area.

But it was not that long ago that Buckhead held that title. Its reign at the top led right up to the Great Recession.

What a difference 10 years makes.

Midtown's Tech Triumphs Take Shine Off Bank-Heavy Buckhead Offices

“The big winner, the submarket that has been the big winner for tech-related companies is Midtown. Indisputable,” Highwoods Properties Vice President Jim Bacchetta said. “That has been a lot of the net absorption in the past five years.…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Avison Young Continues Expansion With Acquisitions In 2 Cities Avison Young Continues Expansion With Acquisitions In 2 Cities
Potential U.S. Supreme Court Case Could Result In Ban On Inclusionary Zoning Potential U.S. Supreme Court Case Could Result In Ban On Inclusionary Zoning
As It Expands Rapidly In U.S., Indian Hotel Startup Hits $10B Valuation As It Expands Rapidly In U.S., Indian Hotel Startup Hits $10B Valuation
Here's Where All The Democratic Presidential Candidates Stand On Housing Here's Where All The Democratic Presidential Candidates Stand On Housing
Perforation

South Carolina Investor Makes Second Atlanta Office Buy In Year

South Carolina Investor Makes Second Atlanta Office Buy In Year

A South Carolina office investor has secured its second helping of Atlanta office after entering the metro market earlier this year.RealOp Investments purchased The Corners Parkway, a four-building, 291K SF office park in Peachtree Corners, an affluent suburb more than 20 miles north of…

Read the full story here.

  Share:  
 
Perforation

From Bidding For Tottenham To Buying Beverly Hills: Cain International Breaks Into America

Not many British-based property companies manage to break into America. And very few companies manage to do it on the scale of Cain International. After a few years spent relatively under the radar, in the past 12 months it has made waves on both sides of the Atlantic in a big way.

Its 18-acre development in the heart of Beverly Hills is a gigantic scheme in one of the most famous and fanciest ZIP codes in the world. And its private equity division is planning to roll out a new leisure concept that could be filling up defunct department store space across the U.S., starting with New York and Washington, D.C.

The $5B of debt it has put out in the past five years on both sides of the Atlantic means it is competing in the same field of nonbank lenders as global giants like Starwood and Blackstone. 

In the old world, it has written the biggest London development loans of any lender since Brexit, backed a £1B London residential development programme and is now expanding into Europe.

Read the full story here.

 
Perforation

In Case You Missed It...

Will Gwinnett Place Mall Finally Be Sold? Stranger Things Have Happened Will Gwinnett Place Mall Finally Be Sold? Stranger Things Have Happened
Kimpton To Flag Portman's Buckhead Hotel Kimpton To Flag Portman's Buckhead Hotel
Hollywood's Spurring A Huge Boom In Atlanta Short-Term Housing Hollywood's Spurring A Huge Boom In Atlanta Short-Term Housing
WeWork's Landlords Aren't 'Going To Play Bank Anymore' WeWork's Landlords Aren't 'Going To Play Bank Anymore'
 
Perforation

'Uncharted Territory': Bay Area CRE Braces For Widespread Power Shut-Offs

SAN FRANCISCO — Pacific Gas & Electric Co. began shutting off power to nearly 800,000 of its California customers Wednesday morning, with nearly the entire Bay Area expected to be affected.

The unprecedented fire-prevention measure has put property managers and building owners into new territory.

"We usually have a power outage we didn't plan for. This is uncharted territory for everybody," said Julie Taylor, East Bay Building Owners and Managers Association executive. "A lot of property managers are sending to tenants the resources that PG&E has for their members, and we sent out a resource email last night."

Read the full story here.

 
Perforation

How Much Will The NorCal Power Shutdown Cost Businesses?

 

SAN FRANCISCO — As Northern California businesses braced for lost time and productivity due to the area’s widespread power shutdowns Wednesday, a question emerged: How much will all of this eventually cost?

To answer that succinctly: A lot.

Read the full story here.

Perforation

Next Generation Of Renters Won't Be Easy To Satisfy — They Want Lower Costs, And Better Amenities

 

Experts say it is unlikely the demand driving the multifamily sector forward will dissipate in the near future, and with thousands of additional units coming online across Chicago and its suburbs in the coming year, developers increasingly need ways to differentiate their new product from the competition.

That can mean learning from the mistakes of the past when it comes to designing amenity spaces, staying on top of demographic trends that govern what kind of apartments will secure leases, and at the same time, keeping an eye on the ever-escalating construction costs that now threaten every new development.  

“As a builder, we are always asking, how do we get millennials out of their parents’ basements?” Cullen Construction Management President Shaylyn Cullen said. “At the same time, we are also always tasked with cutting construction costs.”

Read the full story here.

 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 32938