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March 6, 2023

American Express To Open 40K SF Office At Midtown Union

Find Out How The Savviest Developers Are Handling Zoning Hurdles In Repositioning Projects April 27
One of the world’s largest credit card companies is planting its Atlanta-based online lending division in a whole new patch.

American Express To Open 40K SF Office At Midtown Union

American Express, which grew its footprint to Atlanta when it purchased online small-business lender Kabbage nearly three years ago, has signed a multiyear lease at the 26-story, 660K SF Midtown Union office tower developed by MetLife Investment Management and Granite Properties.“I can confirm that American Express’ Atlanta office will relocate to the recently-constructed Midtown Union building,” American…

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This Week's Atlanta Deal Sheet: Jamestown Starts Ponce City Market Phase 2

The developer of the iconic Ponce City Market adaptive reuse project in Midtown is going vertical on the first part of the project’s second phase.

This Week's Atlanta Deal Sheet: Jamestown Starts Ponce City Market Phase 2

Jamestown has broken ground on 619 Ponce, a four-story, timber-framed building that is slated to include 85K SF of office and 25K SF of retail space on the corner of Ponce de Leon Avenue and Glen Iris Drive in Old Fourth Ward. One of the few timber-framed commercial buildings in…

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Amazon Delays Construction Of HQ2 In Northern Virginia

Amazon Delays Construction Of HQ2 In Northern Virginia

Amazon has put on ice plans for a 3.2M SF expansion of its second headquarters in Arlington, Virginia.As the Seattle-based tech giant has continued its aggressive cost-cutting campaign, it no longer expects to start construction as planned on Phase 2 of Amazon HQ2, dubbed PenPlace, the company confirmed in a statement.The project calls…

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The Pandemic Boom Over, Self-Storage Returns To Steady Growth

The Pandemic Boom Over, Self-Storage Returns To Steady Growth   2023 brought an end to the pandemic-era boom for the self-storage sector, but that doesn't mean a bust is on the way. Coming off two years of unprecedented occupancy, rental and development growth, self-storage is returning to normalcy. That isn’t a bad thing — normal means strong enough fundamentals to keep occupancies and rents high. And while investment volume is slowing down like all other CRE investment, there is still plenty of capital looking for a home in self-storage.“Self-storage is returning to its seasonality,” said Ryan Gibson, chief investment officer at Spartan Investment Group, which began as a residential investment firm but now focuses on self-storage. “That is, in the fourth quarter, more people moved out than in, and now we're approaching the spring leasing season.” Seasonality vanished in…

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