The Ameris Center, home of Ameris Bancorp, sold for $81 million, a 10% decrease from its purchase price nine years ago. The seller was Atlanta Property Group. It was acquired by Miami-based B Group Capital Management. The 535,000-square-foot property sold…
DZL Management has obtained a $135 million loan refinancing of Cummins Station, a mixed-use asset totaling 408,000 square feet. Originally built in 1906, the historic property has undergone renovations since to transform it into its current state as a mixed-use…
Absorption of office space is expected to remain negative through 2024 and 2025, though the rate of negative absorption is expected to slow to a near halt by the second half of 2025, according to the NAIOP Research Foundation’s Office Space…
London-based law firm Freshfields Bruckhaus Deringer LLP has leased approximately 18,000 square feet at One Bush St. for its first San Francisco office, reported the San Francisco Business Times. The lease occupies the entire 17th floor of the Tishman Speyer-owned…
Fitch Ratings said its overall U.S. CMBS delinquency rate increased nine basis points to 2.42% in May from 2.33% in April 2024 due to maturity defaults of several large regional mall and office loans. Led by the $255-million maturity default of a loan…
What used to be called the Hickory Hollow Mall was the largest retail center in Tennessee. But like many malls across the country, it met its demise, and the Metro bought it and the 57 acres for $44 million. Soon…
Payment company Stripe has signed a sublease agreement with insurance giant AIG for 147,000 square feet at 28 Liberty, the 60-story tower in the Financial District. Stripe’s new space will span the 45th through 48th floors of the building, previously…
Lee & Associates has negotiated a new 444,600-square foot, long-term lease for John B. Sanfilippo & Son, Inc. (JBSS) at Venture Park 47, 12300 Jim Dhamer Drive, in Huntley, Illinois. This transaction marks the largest industrial lease of the second…
The former St. Margaret’s Health Hospital in Spring Valley, Illinois, a shuttered 226,352-square-foot medical facility, has been listed for sale. In 2023, St. Margaret’s Health filed for Chapter 11 bankruptcy and SMP Health, which operated the hospital, said the hospital…
Construction on Airabella Lake Oconee, a 137-acre mixed-use project east of Atlanta, is set to begin this summer. Choice Gateway is developing the project. The developers hope to complete all aspects of the project by 2026. Plans call for a…
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