Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 29, 2024

'Cop City' Protesters Disrupt Construction At 487-Unit Midtown Apartment Project

Two people protesting Atlanta’s plan to develop a large new police training facility disrupted construction Monday morning at a huge luxury apartment project in Midtown.

'Cop City' Protesters Disrupt Construction At 487-Unit Midtown Apartment Project

One person locked themself to a construction elevator and another to a boom lift being used on the site, The Atlanta Journal-Constitution reported. Police closed Juniper Street to traffic around 8 a.m. but removed the protester tied to the boom an hour later, the AJC…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Cushman & Wakefield Names New CEO Of Global Occupier Services Cushman & Wakefield Names New CEO Of Global Occupier Services
U.S. Hotel Construction Reaches New Record U.S. Hotel Construction Reaches New Record
REIT Medical Properties' Largest Tenant Hires Restructuring Specialist, Looks To Unload Hospitals REIT Medical Properties' Largest Tenant Hires Restructuring Specialist, Looks To Unload Hospitals
'Enough Is Enough': Chinese Development Giant Evergrande Ordered To Liquidate 'Enough Is Enough': Chinese Development Giant Evergrande Ordered To Liquidate
Perforation

With Capital And Patience Dwindling, Short Sales Begin To Hit The Office Market

Investors raised billions of dollars last year as they awaited distressed real estate assets to come to market at steep discounts. However, they found few opportunities as office owners largely found ways to hold on to their properties. That’s now starting to change.

With Capital And Patience Dwindling, Short Sales Begin To Hit The Office Market

Office buildings across the country are starting to trade at significant markdowns, in many cases selling for less than the value of their loan. Those types of transactions, executed in concert with the buildings' lenders, are known as short sales. Lenders have lost patience waiting for an office sector recovery that…

Read the full story here.

  Share:  
 
Perforation

Weekend Interview: LightBox's Manus Clancy On Why 'Survive Till '25' Is Too Pessimistic

This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities who keep CRE interesting.

Data has scarcely been more crucial to success in the commercial real estate industry than in the years since the pandemic hit. And as rising interest rates have made the waters choppier than they have been in more than a decade, the need for data, especially on distressed property, has only grown.

With distress growing across the market, one trusted source of that data is Manus Clancy, who earlier this month left his position of nearly three decades at Trepp to take a senior management position at commercial real estate data and analytics company LightBox.

Clancy worked extensively on the CMBS market at Trepp, but at LightBox he will extend his scope beyond CMBS, a market he says represents only about 15% of the debt in CRE. At LightBox, he'll focus on building new tools to look at and understand a broader swath of CRE data for a variety of clients.

Bisnow spoke with Clancy in his first week in his new position about the turmoil the market has faced and why he has some optimism about 2024.

Weekend Interview: LightBox's Manus Clancy On Why 'Survive Till '25' Is Too Pessimistic

Bisnow: You made the move from Trepp to head of data strategy at LightBox. How is what you're doing at LightBox different than what you did at Trepp, if it's different at all? Manus Clancy: It is different. At Trepp, much of my role was writing, research, following the capital markets and…

Read the full story here.

  Share:  

 
Perforation

In Case You Missed It...

More Remote Workers Facing Threats, Layoffs As Big Companies Clamp Down More Remote Workers Facing Threats, Layoffs As Big Companies Clamp Down
As Vacancy Soars In Atlanta's New Warehouses, Investors Smell Opportunity As Vacancy Soars In Atlanta's New Warehouses, Investors Smell Opportunity
AIG Sells Midtown Apartments For $61M AIG Sells Midtown Apartments For $61M
Nightingale CEO Elie Schwartz Pays Back $3M Of Misappropriated CrowdStreet Funds Nightingale CEO Elie Schwartz Pays Back $3M Of Misappropriated CrowdStreet Funds
 
Perforation

This Week's Atlanta Deal Sheet: Clarion Sells Fairburn Facilities to Nestlé Purina

This Week's Atlanta Deal Sheet: Clarion Sells Fairburn Facilities to Nestlé Purina  

An industrial portfolio once owned by Clarion Partners has gone to the dogs. And cats.

Clarion sold a two-building distribution facility spanning more than 600K SF in Fairburn to Nestlé Purina PetCare Co. for $108M, the  Atlanta Business Chronicle reported. The sale, which closed Jan. 17, also included 38 acres at the intersection of Terminus Drive and Fayetteville Road, making it one of the largest…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 74236