The first high-rise office building to rise in Atlanta's Buckhead financial district has run into financial trouble.
Owner Starwood Capital Group has defaulted on a $212.5M mortgage on Tower Place 100, the 614K SF, 29-story building at 3340 Peachtree Road, Bloomberg reports.Starwood’s CMBS loan debt on the tower, built by the legendary Atlanta developer Charlie Ackerman in the 1970s matured on July 9, and… Read the full story here. |