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October 16, 2023

'A Little Alarming': Atlanta's Industrial Market Cooling Rapidly

Hear More About Portman Holdings' Mixed-Office Plans Around The BeltLine On Nov. 16

The deluge of new warehouses throughout Metro Atlanta is finally pushing vacancy rates skyward.

'A Little Alarming': Atlanta's Industrial Market Cooling Rapidly

Developers delivered 12.7M SF in the third quarter, an all-time record for a single quarter, according to new CBRE data. A staggering 98% of that space was vacant upon opening, showing that the developers collectively may have been too optimistic about how much warehouse space companies would want. The metro area’s vacancy rate…

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Top Stories on Bisnow.com

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Stack Infrastructure Planning $380M Data Center Campus Near Atlanta

Another major data center project is coming to the fast-growing Atlanta market. 

Stack Infrastructure Planning $380M Data Center Campus Near Atlanta

Stack Infrastructure has filed plans to build a data center campus in Douglas County’s Lithia Springs. The $380.9M project is planned to feature a pair of three-story data center buildings totaling 879K SF. First reported by Data Center Dynamics, the proposed facility…

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Jewelry, Watches, Art (And 2 Houses) ‘Best That Can Be Done’ To Pay Back Burned Nightingale Investors

Jewelry, Watches, Art (And 2 Houses) ‘Best That Can Be Done’ To Pay Back Burned Nightingale Investors  

The details of the deal that Nightingale Properties CEO Elie Schwartz struck to repay crowdfunding investors the roughly $50M he misappropriated are now public, laying bare the web of assets he will try to sell to pay back what he owes.

Some of those assets listed in court documents include Schwartz’s luxury New York condominium at 1 West End Ave., a mansion in Englewood, New Jersey, jewelry, watches, art and part of the proceeds from the pending $82M sale of 1601 Washington Ave. in Miami Beach. The settlement also…

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In Case You Missed It...

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This Week's Atlanta Deal Sheet

This Week's Atlanta Deal Sheet  

A veteran Atlanta commercial real estate broker is now in charge of the nationwide marketing efforts of a major brokerage firm. 

Tampa-based Franklin Street named Monetha Cobb, a commercial real estate veteran who was tapped by the firm in 2010 to establish an Atlanta office, as the company’s first-ever chief marketing officer.  Cobb is being tasked with establishing a marketing strategy that will help grow all the company’s initiatives across the…

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