14,000-Acre Nature Preserve Could Be Developed After State Fails To Meet Owner's Asking Price

The family that owns a massive tract of land in northern Georgia that has long been used for hiking and recreation has ended negotiations with the state, setting up a bidding war for future development rights.

The Neel family, which has owned the 16,500-acre Pine Log Wildlife Management Area in Bartow County for nearly a century, didn't accept the Georgia Department of Natural Resources' final offer by a Friday deadline, the Atlanta Business Chronicle reported. The DNR, which has leased…

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Artemis Closes $2.2B Fund, Plans To Invest In Distressed Real Estate Across The Country

Artemis Real Estate Partners has secured its largest-ever investment haul at a time when fundraising is down across the real estate industry, and it is preparing to take advantage of the distress that many owners are facing. 

The Washington, D.C.-based investment firm just closed its latest real estate vehicle, Artemis Fund IV, with $2.2B in commitments, more than double its previous largest fund and far exceeding its $1.5B target, the firm's top executives told Bisnow. 

"This was the first time that our fund size was large enough we’ve attracted sovereign wealth interest from the Middle East and Asia, so that was new for us," Artemis co-CEO Deborah Harmon said in an interview Friday. "But the repeat of existing investors is reflective of the track record,…

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Banks Look To Shed CRE Loans, Even If That Means Selling At A Discount

U.S. banks are planning to divest some of their commercial real estate loans — or are already doing so — to reduce their exposure to CRE, even if that means selling loans that are current at a discount, The Financial Times reports.“The fact that banks want to sell…

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