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November 15, 2021

World Series Win Shows The Braves' Daring Real Estate Bet At The Battery Paid Off

SJC Ventures' Jeff Dehart talks $450M mixed-use Midtown project The Interlock Dec. 2

The Atlanta Braves clinched their first World Series win since 1995 in Houston last week, and when they brought the trophy back to Atlanta to celebrate, they spent a little time in Downtown Atlanta where the team played for decades before speeding away to their new home.

The celebratory parade reached its peak at The Battery at Truist Park, the mixed-use complex the Braves developed in suburban Cobb County and moved to in 2017, a controversial decision that has turned into a model that other sports franchises have sought to replicate in the years since.

World Series Win Shows The Braves' Daring Real Estate Bet At The Battery Paid Off

Braves Development Co. CEO Mike Plant led the acquisition of the 30 undeveloped acres and spearheaded the development of 1.8M SF of commercial space around the 41,676-seat Truist Park (originally SunTrust Park). He said he watched with pride as more than 325,000 people came through the development during the first three…

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Newburger-Andes Sells Last-Mile Industrial Portfolio For $100M

Newburger-Andes Sells Last-Mile Industrial Portfolio For $100M

Newburger-Andes has unloaded a large Metro Atlanta industrial portfolio and plans to use the proceeds to pivot back to its bread and butter: buying single-tenant retail.The 45-year-old commercial real estate firm sold 35 shallow-bay warehouses, including 400K SF along Commerce Drive and Commerce Circle in the

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From Cookie-Cutter To Fortune Cookies: The Redevelopment Of A Suburban Mall

PRESENTED BY:   Gwinnett Place CID
 
From Cookie-Cutter To Fortune Cookies: The Redevelopment Of A Suburban Mall

There are two indisputable facts about the rise and fall of shopping malls in the United States. The first is their spectacular rise: They bloomed like wildflowers in the late 20th century, with communities across the country soon sporting nearly identical shopping centers.Then, done in…

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PODCAST: Sidewalk Chief Alison Novak On Improving The Relationship Between Developers And Communities

Alison Novak runs Sidewalk Labs Urban Development, a commercial development advisory business that is part of Sidewalk Labs, a subsidiary of Google’s parent company, Alphabet. She sits down with Bisnow this week to talk about the way her company is working with developers across the country to create more sustainable and equitable projects.

The traditional way of doing development, she says, has to change. Projects are being canceled across the country as communities are becoming enraged during the development process.

"Developers are realizing, 'What we are doing is just getting more and more untenable.' The level of adversity between the developer and the community is getting so, so bad that it's hard to push projects forward that could ultimately be very beneficial," she said on the podcast.

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Are The Days Of The Public Data Center REIT Numbered?

 

Are public data center REITs on the verge of extinction?

Reports emerged this week that data center real estate investment trust CoreSite is exploring a possible sale — news that comes on the heels of similar acquisition rumors surrounding CyrusOne and the now-completed sale of QTS Realty Trust. There were five public data center REITs at the beginning of 2021 — and soon there may be just two. 

Speaking at Bisnow’s DICE East event, industry insiders said there is a strong possibility that the remaining public REITs in the data center space will follow this same path. In addition to the wave of cash-flush private equity firms hungry for digital infrastructure, REITs may have other reasons to flee public markets — and soon — as impending interest rate hikes threaten to disproportionately affect their valuations and their inability to take on debt undercuts development efforts.

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