Business Specialties  Investment
Prices Drop in Second Quarter, MIT Index Finds
Aug 03, 2009

Prices for commercial real estate dropped at a record level in the second quarter despite an increase in sales, according to an index developed by the Massachusetts Institute of Technology Center for Real Estate. In a report released on Monday and first appearing on Reuters, the center quoted its index as finding that property sold by major institutional investors dropped 18.1 percent, to a level that is down 22 percent for the year, 32 percent from a year ago and 39 percent from its mid-2007 peak, despite transaction volume that increased for the first time since last summer. The decline is greater than the 27 percent drop in the late 1980s/early 1990s and even with it when adjusted for inflation, which brings both periods to a 41 percent drop.


 
Recent Investment Headlines
AECOM Signs 51,300-SF Lease at Atlanta’s One Midtown Plaza
May 19, 2009
AECOM has signed a 11-year lease for 51,337 square feet of office space at Atlanta’s One Midtown Plaza.
Orinda, Octagon Eye Strong Area Fundamentals for Atlanta Conversion Project
Jun 03, 2009
The nationwide downturn in employment is chipping away at demand in the apartment market, but there are still those communities here and there where the call for more rental accommodations remains relatively strong. To that end, Orinda Corp. and Octagon Capital Partners, having found just such a community, have acquired a 350,000-square-foot office building in a college-laden district of Atlanta for a $35 million apartment conversion project.
Post Sells Atlanta, Fairfax Properties for $100 Million
Jul 24, 2009
Post Properties Inc. sold Post Ridge in Atlanta to a locally based entity affiliated with Centennial Holding Company L.L.C. for $44.8 million following Monday's sale of Post Forest in Fairfax, Va., to an entity affiliated with Pantzer Properties Inc. for $57.5 million. CB Richard Ellis Inc. brokered the most recent transaction, while the Post Forest deal was brokered by Holliday Fenoglio Fowler L.P. The REIT expects to report net gains of approximately $54 million relating to the sales.
Alter Plans 180-Acre Industrial Project Near Atlanta
Jul 09, 2009
The Alter Group has announced plans to acquire King Mill, a 180-acre site in Henry County, Ga., south of Atlanta, where it will develop a two-phase industrial park.
Turner to Build $93M Atlanta Office for CDC
Jul 20, 2009
Turner Construction Co. has been selected by the Centers for Disease Control and Prevention to provide design/build services for a $93 million, 311,000-square-foot office complex.
Harrah's Cherokee Kicks Off Next Phase of $633M Expansion Despite Lackluster Gaming Market
Jul 13, 2009
With the recession in full swing, fewer people are taking chances at the gaming tables, but that is not stopping the Eastern Band of the Cherokee Nation from moving forward with its $633 million expansion of the Cherokee Casino & Hotel in Cherokee, N.C. Tribal leaders just broke ground on the 532-room hotel segment of the property's massive upgrade.
Cobalt Capital Takes 1.7MSF Atlanta Industrial Portfolio
Jun 25, 2009
Cobalt Capital Partners L.P., through its Cobalt Industrial REIT II affiliate, has acquired a 1.7 million-square-foot, nine-building industrial portfolio in Atlanta.
 
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