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Atlanta business people watch the eclipse: Photos

Mon, 21 Aug 2017 19:51:28 +0000

As the eclipse passed over Metro Atlanta Monday afternoon, thousands of Atlanta business people paused their work to gather and watch. Check out the adjacent slideshow. Do you have a great photo of your office's eclipse watching? Send it to dallison@bizjournals.com and we'll add it to the slideshow.

How a $144 million transaction can help turn Piedmont Road into a tech corridor

Douglas Sams — Wed, 16 Aug 2017 16:59:20 +0000

The Ardent Cos. announced today it’s bought another set of buildings at Piedmont Center, where aging mid-rises and surface parking lots have stood since the 1970s as a reminder of Buckhead’s suburban past.

Proof of the Pudding moving to new West Midtown project

Douglas Sams — Thu, 01 Dec 2016 12:06:28 +0000

Proof of the Pudding will become one of the first — and largest — tenants of a new West Midtown adaptive reuse project known as Complex. Proof of the Pudding will occupy 31,000 square feet over 10 years at Complex, which will take shape along Chattahoochee Avenue. The Atlanta catering company expects to relocate by April. A call to the company seeking comment was not immediately returned. Atlanta real estate company Third & Urban is launching Complex, a redevelopment of a former vacant West…

After considering Atlanta and Charlotte, CoStar brings hundreds of jobs to Virginia

Douglas Sams — Tue, 25 Oct 2016 11:22:20 +0000

CoStar, which explored putting a new research center in Atlanta that could employ hundreds, has instead picked Virginia. Atlanta had remained in the running to land the business unit, then Charlotte appeared to emerge as the favorite. Virginia Gov. Terry McAuliffe announced his state had won the project, which will bring 732 jobs and an $8 million investment to Richmond. In Atlanta, CoStar was seeking at least 200,000 square feet to accommodate the new office, which would employ researchers who…

Buckhead Atlanta apartment towers to sell for almost $140 million

Douglas Sams — Fri, 29 Jul 2016 11:24:08 +0000

Denver-based Simpson Housing LLP has reached an agreement to buy The Residence Buckhead Atlanta, which overlook the former Buckhead bar district that San-Diego based OliverMcMillan redeveloped into a six-block upscale mixed-use project.

Georgia Tech buying Biltmore for $64 million

Douglas Sams — Tue, 14 Jun 2016 10:26:24 +0000

The Georgia Tech Foundation will buy Midtown Atlanta’s historic Biltmore building for about $64 million, according to people familiar with the deal In a statement released June 13, The Georgia Tech Foundation Inc. said it had reached an agreement to acquire the landmark building on West Peachtree Street in Midtown Atlanta across from Technology Square. The seller is an affiliate of Novare Group. The Foundation did not release the price. It didn't get a bargain, though. The Foundation paid market…

MetLife names JLL master developer of planned Midtown transit oriented project

Douglas Sams — Mon, 13 Jun 2016 20:07:07 +0000

A proposed Midtown transit-oriented development is gaining momentum. MetLife Inc. recently picked real estate services firm Jones Lang LaSalle Inc. as master developer for the insurance company’s 8.5-acre Midtown Heights, according to a statement from the companies. The project would rise at the corner of Spring and 17th streets next to the Downtown Connector and MARTA’s Arts Center station. The site also stands just across from Atlantic Station. MetLife began assembling the property in 2006…

Rubenstein buys Cumberland's Interstate North for almost $90 million

Douglas Sams — Wed, 06 Apr 2016 13:32:34 +0000

Rubenstein Partners L.P. recently bought Interstate North Office Park, an older 11-building development in Cobb County’s Cumberland area that’s searching for a boost. Rubenstein acquired the nearly 1-million-square-foot property for $87 million, according to Cobb County real estate records. Interstate North is only 60 percent leased, but its new owner believes the office park has location and timing on its side. It stands in the shadow of SunTrust Park and The Battery Atlanta, the Braves’…

First look at The Roof at Ponce City Market (SLIDESHOW)

Amy Wenk — Mon, 04 Apr 2016 16:53:33 +0000

A thrilling, sky-high piece of Ponce City Market debuted over the weekend — The Roof. Jamestown, the Atlanta developer behind the massive, mixed-use project in Old Fourth Ward, on April 3 hosted its first public event on the sprawling rooftop that boasts skyline views of downtown, Midtown and Buckhead. On the sunny day, guests who attended the charity putt-putt golf tournament got a first shot at the 18-hole miniature golf course, carnival games including Skee ball, a giant slide and a ride called…

First look at Old Fourth Distillery’s second facility

Amy Wenk — Thu, 31 Mar 2016 18:17:26 +0000

Old Fourth Distillery is expanding its operations in Old Fourth Ward with a second facility, specifically to produce its vodka. Founders Jeff and Craig Moore have closed on a property at 536 Decatur St. and plan to invest nearly $3 million to transform the roughly 15,000-square-foot building into a manufacturing area, tasting room and event space. It sits between Daniel and Howell streets. “It’s going to be incredible,” said Jeff, noting the new facility will significantly increase the amount…