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November 29, 2023

EXCLUSIVE: HUD Vacating Atlanta Tower, Leaving Landlord Looking To Sell

What New Placemaking Projects Will Define Their Submarkets? Join Us To Learn More About These Defining Developments.

A maker of high-end jeans and clothing is looking to unload a Downtown Atlanta office building it owns as it prepares to lose its only tenant, the Department of Housing and Urban Development.

EXCLUSIVE: HUD Vacating Atlanta Tower, Leaving Landlord Looking To Sell

Jordache Enterprises has listed the 17-story Five Points Plaza for sale with a $12M asking price, Bisnow has learned. The building at 40 Marietta St. is being marketed by an Avison Young team led by principal Chris Godfrey.HUD's 25-year lease for the 123K SF of rentable space in the building…

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Shoppers Are Pumped Up For The Holidays. After That, All Bets Are Off

Shoppers Are Pumped Up For The Holidays. After That, All Bets Are Off  

Despite inflation and geopolitical jitters, this holiday sales season is forecast to be a fairly strong one, with post-Thanksgiving shoppers kicking things off by crowding malls and clicking away online.

But when the holidays are over, the party is typically over for retailers. And the letdown might be particularly hard when the new year rolls in, retail experts say, as consumers continue to reckon with lingering uncertainty caused by months of high inflation and feelings of economic malaise.

“Retailers are cautiously optimistic since there has been a slowdown of inflation, and a lot of the supply chain issues have been worked out,” said Babson College professor of marketing Lauren Beitelspacher, a specialist on holiday shopping and other aspects of retail sales. That doesn't mean consumers are similarly…

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Invesco Acquires Stake In Industrial Real Estate Firm Faropoint

Invesco Acquires Stake In Industrial Real Estate Firm Faropoint  

Invesco Real Estate, an arm of global investment manager Invesco Ltd., has acquired a minority stake in Faropoint, an investor that specializes in industrial assets, especially small-bay warehouses in the U.S. The size of the investment wasn't specified, and both parties declined to comment to Bisnow Wednesday morning on…

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