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May 1, 2023

Cost Control Critical To Making Adaptive Reuse In Gentrifying Areas Less 'Scary'

Is Capital Being Allocated To New Builds Or Acquisitions? Hear Where Money Is Flowing On May 3 At Industrial Southeast.

Philippe Pellerin started buying up commercial bakery buildings and ink manufacturing plants in Grant Park nearly a decade ago, knowing that he wanted to develop spaces for local mom-and-pop businesses that were clamoring for space but didn’t have any.

Cost Control Critical To Making Adaptive Reuse In Gentrifying Areas Less 'Scary'

Pellerin, the founding principal of Pellerin Real Estate, spent $30M transforming the old industrial buildings into The Beacon, and filled his spaces with mom-and-pop and local business operators, including Oxfit, Elsewhere Brewing, Patria Cocina and A Haute Cookie. Pellerin said had he torn down the properties and developed from…

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Senior Housing Industry Mounts A Comeback As Baby Boomers Age In And New Construction Stalls Out

Over the course of three years, Avanti Senior Living survived a global pandemic, a historic winter storm that left Texas without power for nearly six days and two hurricanes.

The Houston-area business, which offers assisted living and memory care at seven locations across the South, is fuller today than it was prior to 2020. But Avanti's recovery has been hard-fought, co-founder and Chief Operating Officer Lori Alford said, and it came only after enduring hardships that tested the company’s resilience in unimaginable ways.

“I can remember thinking, ‘I’m waiting on the locusts to show up,’” she said. “Nothing else can make this crazier.”

Senior Housing Industry Mounts A Comeback As Baby Boomers Age In And New Construction Stalls Out

Avanti’s success story is hardly the norm, but, in general, the senior housing industry is beginning to claw its way back from the most disruptive period in its history.New data from the National Investment Center for Seniors Housing & Care shows…

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This Week's Atlanta Deal Sheet: W.D. Grant Building Going Hotel

This Week's Atlanta Deal Sheet: W.D. Grant Building Going Hotel  

Owners of the W.D. Grant Building have taken the first official step to convert the historic Downtown Atlanta office building into a new hotel.

Bluelofts and Wolfe Investments filed an application to begin converting the third through 10th floors of the 143K SF building at 44 Broad St. in downtown from offices into hotel rooms. Bluelofts and Wolfe purchased the circa 1898 tower earlier this year with plans to convert much of it…

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AI Arms Race Reaches 'Point Of Inflection' As Tech Giants Pour Billions Into Data Centers

AI Arms Race Reaches 'Point Of Inflection' As Tech Giants Pour Billions Into Data Centers  

An intensifying competition to be the leader in artificial intelligence has the world’s largest tech companies ramping up data center development.

Since the emergence of ChatGPT late last year, tech giants Microsoft, Google and Amazon have all made hard pivots toward artificial intelligence, pouring resources into incorporating generative AI technology into products and services across their different business lines. But earnings reports released last week provided the…

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