CBRE Global Investors has put two Atlantic Station apartment projects on the market, we learned this morning at our Future of Midtown event at the W Hotel Midtown. BOGO?
It's offering Icon and Park District—two upscale apartment communities (totaling 470 units) in the Midtown mini city. North American Properties'
Mark Toro shared the offering—his firm and CBRE Global Investors purchased Atlantic Station as a JV in 2011, with the latter
acquiring the office and multifamily portions.
The institutional investor may have
good timing. Multifamily was a hot topic among the
400 CRE pros who joined us at the event. Hines'
Kurt Hartman says Midtown has been a
darling among investors globally as well. "Midtown is in the
top five multifamily core markets in the US," he says. (The only downside of talking about multifamily: less time admire Kurt's tie.)
Before the panel, we snapped T5 Associates'
Tim Bright and Granite Properties'
John Robbins. Tim's colleague
Pete Marin will be a speaker at
DICE,
Bisnow's data center investment conference, in DC starting
tomorrow. Pete says the firm is working on a
64-acre site in Colorado Springs for its next data center campus, which could encompass up to
five facilities. The firm is chasing a large user that could take up half the site, he says.
We also ran into Midtown Alliance's
Catherine Smith, Ashley-Grace Ramocan, and
Cladie Washburn, who came to hear boss
Kevin Green highlight the goings on in Midtown, including plans by AT&T to
open a Foundry innovation center in the Centergy building near its Midtown campus. We'll have more from our event speakers
tomorrow.
