VIEW FROM UP HERE
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We snapped this of CBRE's Sam Holmes and John Shlesinger earlier this week at their offices at Terminus 100. On paper, the year is much better for the duo than last, with 90 transactions already completed with a total lease value of $415M. But what has changed for John and Sam is the number of different clients they help. ?Our depth of business has not been what it's historically been, and that's what's concerning,? Sam says. John concurs: ?We're asked to offer more portfolio views than one-off transactions.? He adds they've been busy, but much of the office activity they see are lateral moves, with not much net growth of space, including their recent work on Bank of America, which renewed and downsized at Bank of America Plaza from 500K SF to 180K SF. Sam?s big concern continues to be the struggle for companies—especially small biz and entrepreneurs—to obtain financing from banks. ?Atlanta has historically relied a great deal on start ups,? which eventually grow into big companies, such as Manhattan Associates and Internet Security Systems (now called IBM Internet Security Systems after being acquired in 2006). |
