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August 7, 2023

This Week's Atlanta Deal Sheet: The Shopping Center Group Buys D.C.-Based Brokerage

Network With The Who's Who Of Atlanta CRE On Sept. 14

A prominent Atlanta retail brokerage firm is expanding its presence in the mid-Atlantic with the acquisition of Rosenthal Properties in Metropolitan Washington, D.C.

This Week's Atlanta Deal Sheet: The Shopping Center Group Buys D.C.-Based Brokerage

The Shopping Center Group combined with Rosenthal, a 65-person brokerage house that manages more than 7M SF of retail in D.C., Virginia and Maryland, including the construction and management of industrial, retail and office properties. Terms of the deal weren't disclosed, but a spokesperson said Rosenthal will operate under the…

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Costco Beefs Up Land Holdings Near Atlanta Airport

Costco Beefs Up Land Holdings Near Atlanta Airport

Wholesale retail behemoth Costco has bought up land near Hartsfield-Jackson Atlanta International Airport as consumer spending shifts more toward discount retailers.Costco paid $40M last month for 33 acres along Roosevelt Highway, straddling the cities of Union…

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Nightingale Sent $3M Of CrowdStreet Investor Funds To Loan Servicing Firm, Filings Show

An Atlanta-based loan servicing and investment advisory firm received more than $3M of the funds Nightingale Properties raised, then allegedly misappropriated, from CrowdStreet investors in its bid to renovate a Miami Beach office building.

Nightingale Sent $3M Of CrowdStreet Investor Funds To Loan Servicing Firm, Filings Show

Trimont Real Estate Advisors received $3.02M across a series of four payments between Nov. 23, 2022, and March 20, 2023, from ONH 1601 CS Investors LLC, the entity Nightingale created to raise equity for the project on CrowdStreet, according to a schedule of assets and liabilities filed in the U.S.…

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In Case You Missed It...

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