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May 8, 2023

Distress Could Be On The Horizon For Atlanta's Recently Robust Industrial Market

Learn How Some Of Atlanta's Most Notable Investors Are Capitalizing On Uncertainty At Atlanta State Of The Market June 7

Some owners of industrial properties around Atlanta could be in for financial distress as leasing slows, the construction pipeline is enormous and owners are having a harder time refinancing their debt, panelists said during Bisnow’s Southeast Industrial event last week.

Distress Could Be On The Horizon For Atlanta's Recently Robust Industrial Market

Industrial sales in Metro Atlanta fell off a cliff in the first quarter, according to Colliers data, with just $500M trading compared to more than $1B in the first quarter of 2022 and more than $2.2B in sales in the fourth quarter. January to March was the lowest three-month period of sales activity since the…

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Armada Hoffler Buys The Interlock For 'Discounted' Price

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SJC Ventures has sold the first phase of its popular West Midtown development to its initial lender for a price that the buyer dubbed a discount.Virginia Beach-based office REIT Armada Hoffler Properties has reached an agreement with SJC to buy the first portion of

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This Week's Atlanta Deal Sheet: Grady Goes To Lee + White

This Week's Atlanta Deal Sheet: Grady Goes To Lee + White  

Ackerman & Co.’s West End mixed-use project is just what the doctor ordered for its latest tenant. 

Grady Health System inked a 16K SF lease in Building 1000 at Lee + White for a new outpatient center, part of the overall 443K SF adaptive reuse project of a former string of warehouses just south of the Mall at West End. The project is set to include a…

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5 Of The 6 Largest CRE Brokerages Posted Losses In Q1

5 Of The 6 Largest CRE Brokerages Posted Losses In Q1  

If there were a one-word refrain that rang through the first-quarter earnings calls of the country’s top commercial real estate brokerages, it would be “challenging.”

With steep declines in transaction volumes and leasing and a ballooning sense of economic uncertainty stacked against them, five of six top real estate brokerage firms posted net losses in the first three months of this year.

Many firms voiced expectations that the worst is yet to come, anticipating these troubling conditions and their effects on the industry would persist for longer than previously predicted. 

In his company's earnings call, Colliers Chief Financial Officer Christian Mayer said since providing the firm's initial outlook in February, “a significant banking crisis has occurred, availability of credit has tightened further and the level of uncertainty around asset valuations has increased, causing us to revise our outlook for the year."…

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