Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
November 30, 2020

WRS Sells Underground Atlanta To Local Developer
[In-Person Event] Join North American Properties - Atlanta, Cousins Properties & More For A Morning Of In-Person Networking & High-Level Discussions Dec. 3

WRS is giving up the ghost on Underground Atlanta and selling to a local entrepreneur.

WRS Sells Underground Atlanta To Local Developer

Billionaires Funding Group is acquiring Underground Atlanta from WRS for an undisclosed sum, the firm announced Wednesday. WRS, the development firm out of South Carolina, purchased Underground Atlanta for $34.6M in 2017, a deal that then-

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com
European Hotelier Betting Big On U.S. Lifestyle Hotels Despite Pandemic European Hotelier Betting Big On U.S. Lifestyle Hotels Despite Pandemic
Waiting For Conditions To Improve Could Compound Problems For CMBS Lenders In Struggling Sectors Waiting For Conditions To Improve Could Compound Problems For CMBS Lenders In Struggling Sectors
Silly Sweaters Aside, Workplace Holidays Will Be Different This Year Silly Sweaters Aside, Workplace Holidays Will Be Different This Year
CoStar Snaps Up Homesnap For $250M CoStar Snaps Up Homesnap For $250M
Perforation

Hyperscalers Like Google, Facebook And Amazon Zeroing In On States That Generate Clean Power
 

Tax breaks for data centers don’t turn heads the way they used to, according to some industry leaders. 

With the goal of luring data center business, 36 states have introduced tax incentive programs that can save buildings and operators millions. As data center firms look to their next phases of growth, proximity to plentiful and affordable renewable energy may be the bigger prize. 

Read the full story here.
Perforation

Is A Republican Or Democratic Administration Better For CRE? Turns Out, It's A Tie

How much difference does the political affiliation of presidential administrations make to commercial real estate growth? Apparently, not much.

A recent study by Newmark analyzed returns on investment in CRE under the presidential administrations of the last 40 years and found little difference, but what edge there is goes to Democratic presidents. Since the beginning of the Reagan administration in 1981, the report notes, annualized total CRE returns for all asset classes have averaged 9% during the years when a Democratic president was in office (16 years) and 8.2% when a Republican was in office (24 years).

Read the full story here.

  
Perforation

In Case You Missed It...
Cousins Files Permits Laying Groundwork For Expanded Parking Deck And Park At Capital City Plaza Cousins Files Permits Laying Groundwork For Expanded Parking Deck And Park At Capital City Plaza
After Sweeping WFH Pronouncement, Synchrony Puts 200K SF Atlanta Office Up For Sublease After Sweeping WFH Pronouncement, Synchrony Puts 200K SF Atlanta Office Up For Sublease
After MARTA Defeat, New Gwinnett Chairman Going Back To Drawing Board After MARTA Defeat, New Gwinnett Chairman Going Back To Drawing Board
Papa John's Opening New Headquarters At The Battery Atlanta Papa John's Opening New Headquarters At The Battery Atlanta
 
 
 
About
    
Contact
    
Sponsor
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
Unsubscribe from this
    
Unsubscribe from All
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 44148