If you think things are bad already in Atlanta’s commercial real estate market, wait until Washington’s “solution” ripples down south. The peripatetic Jarred Schenke of Bisnow reports on worries that Atlanta’s CRE market could be hit hard by an Obama administration proposal to consolidate space. But that concern doesn’t even take into account the prospect…
Highlights from yesterday’s press event on the roof of Ponce City Market (the building formerly known as City Hall East): • Work on the project by Jamestown Properties and its subsidiary, Green Street Properties will start slowly and won’t be evident for some time. The first phase — some 300,000 square feet of restaurants and…
Ponce City Market’s developers had to kick a big energy efficiency question down the road for the time being in order to consummate their recent purchase of the historic building formerly known as City Hall East, the developers said today. That had to be have been a disappointment, especially Green Street Properties, which cut its…
The U.S. Green Building Council and two other nonprofits are releasing a study this afternoon designed to give a boost to President Obama’s Better Buildings Initiative. Their top finding: The initiative, which includes both legislative proposals and executive actions mainly to ramp up commercial building retrofits, would add more than 114,000 jobs to the economy. At…
When is the level of a LEED certification something a project owner doesn’t want to talk about? For that matter, should companies be given the option to keep such basic information about their LEED projects private even while they seek favorable publicity about them? Those are two question I started to ask after the Atlanta-based…
The Chicago Tribune reports that Sears Holdings Corp. is talking to Georgia and other states about relocating from its suburban Illinois headquarters. Well shoot, Sears, how about considering this flash-from-the-past on Ponce de Leon Avenue? City Hall East, which is being redeveloped by Jamestown Properties (if the company ever actually closes on the deal), originally served…
This is kind of depressing: Late next month, John Dixon & Associates will auction off 19 commercial properties, 13 houses, and 720 undeveloped home sites — mainly south of I-20 in the greater Atlanta area. All the properties were foreclosed upon by an unidentified bank, and they’ll be sold May 25-26 from the conference room…
The folks at MAGE Solar, the German-owned solar panel maker with a plant in Dublin, Ga., posted an interesting press release this week to our Inside Stories section. MAGE has cut a deal with a De Lage Landen to provide financing for solar installers, or “integrators.” “Like in any other business where the contractor has…
McGraw-Hill reports that the value of all construction contracts in February was $685 million — or 23 percent below February 2010. The (sort of) good news: Residential construction was off only 12 percent while commercial construction slid 17 percent. In other words, non-building construction dropped by a whopping 65 percent. Not hard to figure out…
Banks, developers and other owners of “illiquid land holdings” could be helped by legislation approved in the waning hours of this year’s Georgia Legislature, according to Bisnow Atlanta. Among the provisions of State HB 346 is a proposal that will grant tax incentives to land owners for conserving land and allow them to transfer those credits to…
