Skyline Views

Noro Set to Add Buckhead Office Towers to Portfolio

By Tony Wilbert, CoStar News - for full story, click here.

Noro Management is poised to add a Buckhead building to its growing office-and-retail portfolio.

The Atlanta firm has contracted to acquire Peachtree 25th, a two-building, 366,232-square-foot office complex in south Buckhead. The seller is Atlanta Property Group (APG), headed by Jonathan Rodbell and Court Thomas. Noro was founded in 1980 as the real estate investment company of the John A. Fentener van Vlissingen family office based in the Netherlands.

 

 

Life Time Co-Working Coming to Phipps Plaza

By Tony Wilbert, CoStar News. Click here for full story.

Simon Property Group is gearing up for its ambitious $200 million expansion of Phipps Plaza in Buckhead after fine-tuning some of its previously announced plans.

The Indianapolis-based retail REIT this week filed applications for permits to raze the existing Belk store and replace its existing parking deck and fire station. Simon also filed for a permit to begin land disturbance work at the site at Peachtree and Lenox roads.

Simon announced plans for the expansion, which would include a Nobu Hotel, office tower and a Life Time fitness location, in November. Since the announcement, Simon has shared - with the Buckhead Development Review Committee - an updated scope and new renderings from The Beck Group.

Surprise! Atlanta Office Sales Surged in Q1

By Tony Wilbert, CoStar News

For full story, click here.

A funny thing happened on the way to the expected decline in Atlanta office sales volume in the first quarter. The aggregate value of trades increased 75 percent - even as the number of transactions dropped dramatically.

 

Midtown Office Rents Poised to Overtake Buckhead's

By Tony Wilbert, [email protected] (Click here for full story.)

Greenstone Properties planned 14th & Spring development in Midtown.

Having jumped 6.4 percent in the past year, Midtown's gross asking rates grew at a faster clip than in any other Atlanta submarket, according to CoStar research.

The average Midtown asking rent of $33.24 per square foot per year trails only Upper Buckhead, and by a mere 52 cents a foot.

  (Click here for full story.)