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November 1, 2023

Three Ring Studios Owner Raising $100M To Buy Distressed Real Estate

With Office Properties Facing Foreclosure, Where Do Valuations Stand In The Market? Our Panel Will Discuss On Nov. 16

The owner of one of Georgia’s largest film and television production campuses is raising money to go after distress in more traditional sectors of commercial real estate.

Three Ring Studios Owner Raising $100M To Buy Distressed Real Estate

Woodvale Commercial Real Estate has raised $75M of a targeted $100M fund to buy distressed hotels, warehouses and urban office buildings across the Southeast, Managing Partner Rahim Charania told Bisnow. The fund, called Woodvale Opportunity Fund I, is the company's third, and it is raising capital from both institutions and high…

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GE Power Spinoff Reducing Footprint By 70% In Relocation Near The Battery

General Electric is moving the Atlanta-area headquarters of its GE Power division to a much smaller office space in anticipation of spinning it off into its own company next year.

GE Power Spinoff Reducing Footprint By 70% In Relocation Near The Battery

GE Vernova, the planned publicly traded company consisting of GE’s energy business, has signed a 77K SF lease through 2036 at 600 Galleria Parkway, one of the five towers that make up The Galleria office park in Cobb County, owned by Piedmont Office Realty Trust.The…

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2 Huge New Data Center Campuses Planned In Metro Atlanta

2 Huge New Data Center Campuses Planned In Metro Atlanta  

Two major data center players are preparing to develop massive new projects in Metro Atlanta as demand for computing power among large technology companies accelerates. DataBank has acquired 95 acres in Lithia Springs, some 18 miles west of Downtown Atlanta, and plans to develop 1M SF across two multistory data centers, adding to…

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Top Takeaways From The New ULI/PwC Emerging Trends Report

Top Takeaways From The New ULI/PwC Emerging Trends Report  

After a few years of turmoil in the real estate industry and the wider economy comes The Great Reset, according to Emerging Trends in Real Estate 2024, a report published Wednesday by the Urban Land Institute and PwC. 

The idea that the industry is going back to normal after the pandemic is as gone as the optimism of 2021 and 2022, according to the report, which is based on an extensive survey and scores of interviews with experts and focus group participants. Now the industry expects new normals to solidify, but there is a lot of uncertainty about exactly what a reset means, as the post-Global Financial Crisis days of robust rent growth, declining cap rates and rising property values are over.

The following are 10 trends detailed by the report, with comments exclusively for Bisnow from Anita Kramer, senior vice president of ULI’s Center for Real Estate Economics and Capital Markets and a longtime editor of the report.

5 Days A Week Is Good And Dead Employers'  Sisyphean efforts to turn back the clock in the office will continue to bear little to no fruit, representing a social and economic shift with an importance that can't be overestimated, Kramer said — and not just for office landlords. “People…

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