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April 18, 2022

Atlanta's Hotels Haven't Fully Recovered, But Developers Are Aggressively Building New Ones

What's Next For Georgia Tech? Executive Director Tony Zilavich Weighs In On Life Sciences Surge May 24

As Atlanta's hoteliers struggle to get back to pre-pandemic levels of performance, developers are building among the most hotel rooms in the city's history.

The thousands of rooms in the pipeline show the confidence industry experts have in the future of the city's hospitality market, which hasn't seen a significant construction boom in over a decade.

Atlanta's Hotels Haven't Fully Recovered, But Developers Are Aggressively Building New Ones

“Atlanta has been very much behind the development progress we've seen in other cities. Atlanta's been a late bloomer,” Crown Hospitality Consulting Managing Principal Amanda Chivers said. “Now that we're kind of on the map and we have all this new inventory coming … we have to strengthen our [convention…

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This Week's Atlanta Deal Sheet

An e-commerce fulfillment company has taken nearly a million square feet at Gillem Logistics Center.

This Week's Atlanta Deal Sheet

Spreetail leased 910K SF at Building 1100 at 200 Metcalf Road Extension inside the industrial park located in Forest Park, according to a press release. The building is currently under construction and is set to deliver this quarter, making it the latest distribution facility to…

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Industrial Goes Electric As Investors, Tenants Call For Sustainability

The nation’s largest commercial developer is attempting to decarbonize by adding on-site solar power to its industrial properties in a move some expect will swing the industry pendulum closer to sustainability.

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CRE Is Spending Big On Office Amenities. Will It Matter And What Does It Mean For Old Properties?

 

1000 Main is not an old building. The prominent downtown Houston skyscraper boasts major oil and gas tenants and is located near major attractions, like parks, retail, transit and the tunnel system. Still, it shelled out cash for a new tenant amenity center last year, including a 12.5K SF lounge area, a conference center, a gaming area and a fitness center.

Consensus is forming that the post-pandemic office market will center around a flight to quality, prompting even relatively recent, Class-A buildings to spruce up their amenities to herd workers back to the office. In downtowns like Houston, which took a massive hit when pandemic restrictions locked most of it down, renovation money is flowing in hopes raising the standard will herd workers away from dens and sofas. 

Yet according to Gensler data shared with Bisnow, whether that is a winning bet remains to be seen: The amenities commercial real estate believes workers want — high-tech game rooms, bars with hard seltzer on tap and the like — might not align with their actual, more prosaic wish lists. 

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C-Suite Spotlight: Thirty Capital CEO Rob Finlay

By his own admission, Rob Finlay wasn't a great employee. But he's found his niche as CEO of a suite of commercial real estate companies. He has built a portfolio of CRE assets and a financial advisory and services firm, and in 2019, he founded Thirty Capital, a proptech incubator and accelerator overseeing 10 technology platforms.

Over 20 years in the industry, Finlay has learned you can't be everything to everybody as a CEO, and he's shifted his leadership style from college football coach to professional football coach, relying more on delegation to keep his businesses running smoothly.

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