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May 13, 2024

Bahrain Investment Firm Facing Foreclosure At Marietta Assisted Living Complex

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A Bahrain-based global alternative investor has defaulted on a loan tied to an assisted living facility in Cobb County, prompting its lender to initiate a foreclosure action. 

Bahrain Investment Firm Facing Foreclosure At Marietta Assisted Living Complex

CWCapital Asset Management, acting as special servicer for bondholders of a CMBS trust, has moved to foreclose on a $19M mortgage backed by the Arbor Terrace East Cobb in Marietta, according to a foreclosure notice filed in Cobb County Friday.The borrower is listed as Terrace East Cobb Propco SL-VI LLC, a shell company…

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Georgia Governor Vetoes Moratorium On Data Center Tax Breaks

Georgia Gov. Brian Kemp vetoed legislation Tuesday that would have suspended tax incentives for data centers in the state — nixing a change that could have dramatically hindered data center development in one of the industry’s fastest-growing markets.

Georgia Governor Vetoes Moratorium On Data Center Tax Breaks

Kemp used his veto pen to kill a proposed moratorium on a program allowing data centers and their tenants to avoid paying sales and use taxes on the billions of dollars of equipment housed in their facilities.The bill, which the Georgia Legislature approved in March amid growing concern over data centers’…

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Now Available: Lake City Distribution Center, A Modern Class-A Industrial Development In South Atlanta

PRESENTED BY:   InLight Real Estate Partners
 

Welcome to Lake City Distribution Center, a 157K SF rear-load distribution facility in Lake City, Georgia, recently developed by InLight Real Estate Partners. At 5380 Dixie Industrial Drive, with frontage on Forest Parkway, the property sits in the heart of the south Atlanta logistics network with nearby connectivity to Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport. Lake City Distribution Center offers state-of-the-art, modern functionality with unparalleled access to I-285, I-75 and I-675 via four interstate exits. 

Now Available: Lake City Distribution Center, A Modern Class-A Industrial Development In South Atlanta

ABOUT THE ASSET Lake City Distribution Center sits at the center of the logistics triangle created by I-285, I-75 and I-675. This location offers distributors immediate last-mile access to the dense population center of Atlanta and sees considerable logistics traffic from the Port of Savannah and the state of Florida.…

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This Week's Atlanta Deal Sheet: WeWork Leaves 725 Ponce, Maintains 6 Atlanta Locations

This Week's Atlanta Deal Sheet: WeWork Leaves 725 Ponce, Maintains 6 Atlanta Locations  

At the end of it all, WeWork will have six Atlanta locations.

The coworking giant, which is attempting to reemerge from Chapter 11 bankruptcy, has completed lease negotiations for locations at Terminus 100, Coda, Colony Square, 1155 Perimeter Center West and  881 Peachtree St., and it has an agreement in principle to maintain its location at 120 West…

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