Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, has launched Savanna Advisory Services (SAS). The fee-based restructuring advisory unit offers restructuring and planning expertise along with full property-level execution of business plans to lenders and…
New City will soon open Forth, a 196-room hotel and social club along Atlanta’s Eastside Trail. The $150 million tower will open this June. Forth becomes the first hotel with direct access to the BeltLine. Morris Adjmi Architects designed Forth….
JPMorgan Chase has unveiled major renovation plans for Chase Tower, its local headquarters building at 10 S. Dearborn Street. The 850-foot, 60-story skyscraper will undergo a transformation, and the Loop’s tallest building will become a modern, workplace with flexible, collaborative…
GXP-Storage is developing an $80 million, 30-acre campus in Middlesex Corporate Centre that it plans to use as its international headquarters. The buildings are just east of Raleigh, off US Hwy. 64. The company says it will be hiring up…
SomeraRoad is wrapping up Paseo South Gulch, a 16-story, 278-unit apartment and office building called Prima. It broke ground in February of 2022. Now, SomeraRoad is preparing to start work on a 30-story tower at Paseo South Gulch. The tower…
The Shaftesbury Capital sale includes a mix of properties around Fitzrovia. After it abandoned attempts to sell a £250M tranche of its Fitzrovia portfolio last year, Shaftesbury Capital has found a buyer for around £65M of London-based assets, React News reports. …
A $30 million boutique hotel is on the way in Roswell, north of Atlanta. The five-story, Hyatt-branded Cambray Hotel will have 125 rooms. It will start construction in May. Its architecture is modeled after the brick mills that were prominent…
The MacKenzie Companies, LLC, in collaboration with InspiRE CRE, LLC, has established Asset Adversity Group, a strategic alliance focusing on distressed and underperforming commercial real estate assets. This partnership combines InspiRE’s expertise in distressed asset management with MacKenzie’s real estate…
The Tunnel to Towers Foundation plans to redevelop a property next to Six Flags Over Georgia to provide permanent housing for metro Atlanta veterans experiencing temporary and long-term homelessness. Continuing the mission of the organization’s Homeless Veteran Program, Tunnel to…
Madison Communities secured an $80 million construction loan for its latest project, a 320-unit multifamily community in the Lower South End (LoSo) neighborhood in Charlotte, N.C. META Real Estate Partners and Bank of America provided the financing. Patterson Real Estate…
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