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December 5, 2019

North American Properties' $3B Retreat A Sign Of Mixed-Use Realities

Newly added! Place Properties CEO Cecil Phillips to discuss modular development at Atlanta Construction & Development Jan. 9

The maelstrom of rising construction costs, retailers falling into bankruptcy and looming concerns about the U.S. economy have made ambitious mixed-use projects tougher to pull off. Market experts say those factors are likely behind North American Properties' decision to back away from nearly $3B combined in major developments over the last month.

North American Properties' $3B Retreat A Sign Of Mixed-Use Realities

North American Properties pulled out of its $900M Revel project — a partnership with the Gwinnett County Convention and Visitors Bureau to redevelop the Infinite Energy Center into retail, apartments, offices and hotels — this week, after backing out of its partnership with GID on their planned $2B High…

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North American Pulls Out Of Major Gwinnett Project As Mark Toro Steps Back

North American Pulls Out Of Major Gwinnett Project As Mark Toro Steps Back  

North American Properties built the hugely successful Avalon mixed-use development in Alpharetta, but the company is retreating from its plans to build another huge suburban Atlanta property.

North American is pulling out of Revel, a massive mixed-use development on the campus of the Infinite Energy Arena in Duluth, a city 28 miles to the north of Downtown Atlanta. The Gwinnett County Convention and Visitors Bureau, which owns the land the project is on and partnered with North American, announced it…

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Heading Into 2020, Here Is What Foreign Investors Are Targeting In CRE

China’s retraction from the United States commercial real estate market has left a mark — but there are new substitutes waiting in the wings, coming from all corners of the globe.

Read the full story here.

  Heading Into 2020, Here Is What Foreign Investors Are Targeting In CRE
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Unconscious Bias May Be Women's Main Challenge In CRE

Unconscious Bias May Be Women's Main Challenge In CRE  

Women have made noticeable strides in the commercial real estate industry, but the full diversification of the workforce still has a long way to go, and the toughest obstacle may no longer be overt sexism.

"Very few people you run into are trying to maliciously harm women's careers, it's more an unconscious bias," PNC Executive Vice President Laura Auwerda said Wednesday morning at Bisnow's Chicago Power Women & Rising Stars event.

Read the full story here.

 
 
       
 
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