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October 30, 2023

Financing New Projects In Atlanta 'Not For The Faint Of Heart'

Join Noble Investment Group Head Of Capital Markets Adi Bhoopathy As He Discusses The Financial Landscape Of The Hospitality Industry On Dec. 5

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.

Financing New Projects In Atlanta 'Not For The Faint Of Heart'

“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…

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The Week's Atlanta Deal Sheet: Developer Takes Step Toward Teacher's Village Groundbreaking

The Week's Atlanta Deal Sheet: Developer Takes Step Toward Teacher's Village Groundbreaking  

A New Jersey developer is seeking a green light from the city of Atlanta to begin groundwork on a 33-story residential tower priced for area teachers and seniors.

RBH Group filed a land disturbance application on Monday with the city to begin turning dirt at 98 Cone St. for a project that will be known as Teacher’s Village. RBH plans to dig up half an acre of an open parking lot to add stormwater conveyance and detention, streetscape improvements…

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Small But Mighty: Study Reveals Outsized Economic Impact Of Gwinnett Place Area

PRESENTED BY:   Gwinnett Place CID
 
Small But Mighty: Study Reveals Outsized Economic Impact Of Gwinnett Place Area  

The Gwinnett Place area, a 2,000-acre region in suburban Atlanta, might have a zombie mall near its center, but the busy area immediately surrounding the mall is hardly a ghost town. A recent economic impact study revealed the small region is an important contributor to Gwinnett County and the…

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CBRE Making $150M In Cuts, Targeting Brokerage Business

CBRE Making $150M In Cuts, Targeting Brokerage Business  

The world’s largest commercial real estate services firm is making another large round of cost reductions, targeting its core brokerage business, after a worse-than-expected performance in the third quarter.

CBRE revised its earnings expectations for the second consecutive quarter, citing a slowdown in leasing and sales due to a challenging capital markets environment. In response to the weaker environment, CBRE announced on its quarterly earnings call that it has identified $150M in cuts, focused primarily on its transaction lines of business.…

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'Shifting In Our Favor': Data Center REITs Could Finally Get Their Piece Of Big Tech’s AI Pie

'Shifting In Our Favor': Data Center REITs Could Finally Get Their Piece Of Big Tech’s AI Pie  

Public data center REITs have thus bar been left out of the artificial intelligence building boom. But their executives say that is about to change. 

Big Tech’s AI arms race has helped drive  record leasing numbers and a wave of new development across the data center industry, with companies like  Microsoft Google and Amazon snapping up inventory hundreds of megawatts at a time. Yet…

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