Starbucks is deepening its corporate cuts with plans to shell out $400 million in restructuring expenses that will result in the closing of four regional offices across the United States.
Westmount Realty Capital appointed Mike Demperio as director of development, based in the firm’s Atlanta office. With more than five decades of experience dealing with industrial real estate, development and brokerage, he has worked on over 100 million square feet of industrial projects across the country with a combined value exceeding $4 billion.
The first office tenant will be moving into the long-vacant Tower Square in Midtown Atlanta since AT&T left, prompting the building's owner, a firm led by billionaire Carl Icahn, to renovate the structure.
The seller of several medical office buildings in Atlanta plans to stay in the properties for the next decade with 3% annual rent increases as part of the record-breaking deal.
Semiconductor manufacturer Micron Technology may be planning to vacate a research and development center on the top four floors of a Midtown Atlanta office building less than five years after moving into the property.
As she approaches 20 years in commercial real estate, Sabrina Gibson places a high value on the business education she received from her mother, Sharon Altenbach, who retired in 2018 after an industry tenure that spanned twice as long. The biggest lesson concerns the importance of family.
CBRE added Chris Doman to lead its U.S. asset management services within its property management business. Doman joined the firm after having founded and run two companies that provide asset management and development services for institutions and family offices. Previously, he worked for eight years at Tishman Speyer.
Americold Realty Trust is selling a majority stake in 12 cold storage warehouses to EQT for $1.1 billion in cash to pay down debt with an eye toward recovery after months of decreasing occupancy levels at its facilities.
Continental Realty has acquired a portfolio of 14 retail properties from US Properties Group, an expansion that will take the buyer into the Buckeye State and beyond.
A property investment firm specializing in golf clubs bought a course in the Atlanta area that has hosted several events staged by the U.S. Golf Association.
An Atlanta office tower that once housed the headquarters of aluminum producer Novelis has hit the sales market, boasting a large contiguous space available for lease and top-of-building signage rights.
Prominent retail leases signed by Ingles Markets, Academy Sports and Outdoors, and Goodwill negotiated by top dealmakers from Wheeler Real Estate Investment Trust and Franklin Street Real Estate Services are among the first-quarter retail leases recognized by CoStar.
Prominent industrial leases signed by CJ Logistics, Cleveland Electric and Electrolux Group negotiated by top dealmakers from Seefried Industrial Properties and JLL are among the first-quarter industrial leases recognized by CoStar.