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October 26, 2022

Sustainable Packaging Maker Taking Over 246K SF Building At RiverEdge Summit

Cocktails And Networking With The Rising Stars Of CRE At Atlanta Women Leading Real Estate Nov. 10

A maker of fiber-based food and beverage containers is expanding into the rest of its Atlanta office building, taking over more than 100K SF vacated by a pair of financial firms.

Sustainable Packaging Maker Taking Over 246K SF Building At RiverEdge Summit

Graphic Packaging International has renewed and expanded its lease at 1500 RiverEdge Summit, adding 125K SF to take over the entirety of the 246K SF Cumberland/Galleria building owned by New York-based Opal Holdings. “Our business is growing and expanding,” said Sue Appleyard,…

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A $4B life sciences-focused fund launched by a large UK life insurance firm and an American developer made its inaugural investments in Providence, Rhode Island, and Atlanta, demonstrating a focus on tertiary biotech markets.Legal & General Capital, via its Ancora L&G partnership with U.S.-based…

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Companies Ramp Up Coworking Expansions, A Rare Office Market Bright Spot

 

Office owners nationally are still struggling with high vacancy rates and uncertainty around future tenant demand, but one growing segment has begun to emerge this year.

Coworking operators are seeing big companies expand their investments into flexible workspaces and bring employees back at higher rates than traditional offices, and some are growing their own footprints to meet the rising demand. Market experts said this could help fill some of the millions of square feet of office space sitting vacant. 

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Post-Ian Reconstruction Needs, Tight Construction Labor Market Add Up To Delays Nationwide

Nearly a month after Hurricane Ian hit Florida, the sheer number of workers required to put the pieces back together, combined with a pre-existing labor shortage in the industry, will severely hamstring and delay rebuilding, and some believe the backlog in the Sunshine State will ripple out and impact commercial projects across the country. 

The multiyear road to recovery for areas damaged by Hurricane Ian will be an expensive one, with estimates from risk modeling firm RMA reaching up to $74B of damage across the region, with the cost of repairing those damages exacerbated by a longstanding construction labor shortage. 

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