The upheaval in capital and debt markets means few new commercial developments will break ground in Metro Atlanta in the near future. But those projects that move forward will do so with builders saddled with more expensive loans and putting a lot more of their own money into the development, panelists said at Bisnow’s Atlanta Construction and Development Summit last week. “It's certainly not for the faint of heart to be trying to finance and capitalize development projects in the current environment,” SJC Ventures principal Fain Hicks said during the event held at The W Atlanta Downtown. The rapid rise in interest rates… Read the full story here. |