What to do with underperforming malls has vexed mall owners primarily since COVID-19. Besides shuttering sinking stores, owners have devised a plan that basically rigs them business. Build apartments and hotels on the property. CBL Properties and RaganSmith Associates have…
Walmart plans to build a nearly 600,000-square-foot distribution center next to another that, combined, will exceed one million square feet. The plans call for the construction of a second warehouse building that would be 599,006 square feet and would be…
StandardAero, an aircraft maintenance company, plans to expand its operation at Augusta Business Aviation’s MRO (maintenance, repair, overhaul) facility. The company recently began work on a $33 million upgrade that will create 90 new jobs. Operating in Augusta since 1974,…
Strategic Property Partners unveiled plans for three new projects as part of the ongoing development of Water Street Tampa (“WST”). The project includes a residential condominium building, a build-to-suit office complex and an entertainment destination near Amalie Arena. The office and…
Thorofare Capital and Pearlmark combined to raise $40 million in financing so Grubb Properties could build out Link NoDa Phase II apartments in Charlotte. Thorofare originated $30 million for the construction loan, Pearlmark $10 million in mezzanine debt. A CBRE…
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…
High Street Residential, a Trammell Crow company, has closed on 4 acres at 5005 Perimeter Blvd in Brookhaven. It paid $11.5 million in an all-cash transaction. The Atlanta Business Chronicle reports High Street plans to develop around 350 apartments at…
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