Georgia Senate Votes To Suspend Key Data Center Tax Breaks

The Georgia Senate has voted to suspend data center tax incentives in the state — legislation that could have a dramatic impact on development in one of the industry’s fastest-growing markets.

Targeted tax breaks on the equipment housed in data centers have played a key role in turning Atlanta into one of the country’s major data center hubs. But concerns over the industry’s massive energy consumption are behind legislation to temporarily suspend those incentives, and the bill now only needs the signature of Gov.…

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Luxury Hotel Planned For Converted Baptist Mission Office In Gwinnett

A hospitality development firm is planning a luxury, amenity-rich hotel in the northern suburbs of Atlanta, chasing room rates most often found in Buckhead or Midtown.

JMS Family Office purchased the former Georgia Baptist Mission Board headquarters, a six-story 138K SF office building on 40.4 acres, in January for $23.5M. The property sits near the intersection of Satellite Boulevard and Sugarloaf Parkway, across from the Gas South District Arena and Convention Center.JMS is gutting the facility to transform…

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This Week's Atlanta Deal Sheet: JV Buys Buckhead's 550 Pharr Building

A red-trimmed boutique office building in the Buckhead Village District changed hands after the seller’s loan matured in January.

Tenant Managers and Babloo Investments purchased 550 Pharr Road, a 108K SF office building with some retail, for an undisclosed price, according to a press release. While Tenant and Babloo didn't identify the seller, 550 Pharr Holdings LLC, the entity is tied to Atlanta-based Sage Equities, according to state documents.Sage…

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