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May 20, 2024

TerraCap's Dunwoody Office Building Scheduled For Foreclosure Auction

A Florida-based real estate investment firm is facing foreclosure on a suburban Atlanta office building it purchased five years ago.

TerraCap's Dunwoody Office Building Scheduled For Foreclosure Auction

NXT Capital filed to foreclose on a $20.3M loan attached to 200 Ashford Center North, a five-story, 159K SF glass-encased office building in Dunwoody.The building is owned by TerraCap Management affiliate Ashford Office…

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This Week's Atlanta Deal Sheet: Invest Atlanta Buys Parking Deck For Resi Conversion Play

Invest Atlanta now has the parking for all those future residents of its planned 2 Peachtree St. residential conversion.

This Week's Atlanta Deal Sheet: Invest Atlanta Buys Parking Deck For Resi Conversion Play

IA 2 Peachtree LLC, an affiliate of the city’s economic development agency, paid $18.4M for the 535-space 15 Peachtree St. parking deck in the heart of the Five Points business district in Downtown Atlanta. The seven-story building also has office and retail space and is bounded by Peachtree, Decatur, Wall and…

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Developers Forced To ‘Invent The Wheel’ To Meet Ballooning Data Center Energy Needs

Developers Forced To ‘Invent The Wheel’ To Meet Ballooning Data Center Energy Needs  

The massive data center facilities used by tech giants like Amazon Web Services, Microsoft, Google and Meta have begun gobbling up far more energy than ever before, and they are approaching an inflection point. 

The size of hyperscale data center campuses — measured in the amount of energy they consume — has grown quickly over the last decade from dozens of megawatts to hundreds. And as that growth accelerates, the world’s largest tech companies are reportedly looking for sites to deploy more than a gigawatt of…

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Sternlicht's $10B SREIT Facing Liquidity Crunch As Redemptions Pile Up

Sternlicht's $10B SREIT Facing Liquidity Crunch As Redemptions Pile Up  

Starwood Capital Group’s $10B nontraded real estate investment trust has nearly exhausted its roughly $1.6B line of credit as it seeks to pay investors looking to cash out their shares. Starwood Real Estate Income Trust, known as SREIT, has just $225M left on its credit line…

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