Atlanta Plaza, located in the Buckhead Office Market, became the first previously existing office building in Buckhead to achieve LEED certification. Two Alliance, a brand new office building in Buckhead had already earned LEED certification earlier this year, making it the first office building. California State Teachers’ Retirement System, or CalSTRS, owns Atlanta Plaza,...
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Sam Zell, chairperson of the board for Equity Group Investments, said in an interview that “Commercial Real Estate vacancies will fill at 30% lower rates.” Really? For office space landlords, I hope not… For my office tenant clients, wouldn’t that be nice? Personally, I don’t think that rental rates will drop by 30%. I...
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Early this week we talked about Atlanta’s 3rd Quarter Office Market Report.  Today MOSatlanta.com wants to give you a broader view of the Office Market with the Colliers International 3rd Quarter US Office Market Report.  Here are the highlights of the report: - The Title of the Report – “Office Space Markets Continue to Falter – But...
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With the threat of more office buildings in Atlanta going back to the lender in 2010 and 2011, we decided to provide you with ways to protect your company against your landlord defaulting on their loan.  BuildingSearch.com has written a great blog that provides 4 ways to protect yourself as a tenant.  Here are highlights on the...
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The commercial real estate firm that I work for, Colliers International, has recently issued its 3rd quarter Atlanta office market report, and the headline reads “Atlanta Office Vacancies Continue Piling up”.  Here are the highlights of the report: - 3rd Quarter wasn’t as bad as 2nd Quarter concerning negative absorption - Occupancy dropped another...
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Introduction to Northwinds – The outside the office buildings Views from the Lobby of Two Northwinds Center Views from within an available suite on the 2nd Floor of One Northwinds Center Northwinds is comprised of 7 Class A office buildings with about 1,000,000 Square Feet of office space.  The office park has roughly 330,000 Square Feet...
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One of Peachtree Center’s oldest office tenants has signed a letter of intent to relocate their law office to 191 Peachtree St.  Hall Booth Smith & Slover intends to relocate their office space to 191 Peachtree, and will now begin the lease negotiations to move their office from Peachtree Center.  191 Peachtree is one of, if not,...
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AssuranceAmerica, a property and casualty insurance company to the non-standard private automobile segment, has renewed their office lease with RiverEdge One office building located in Atlanta’s Northwest Office Market.  Guy Millner, a former US Senator, is the CEO and Chairman of the Board for AssuranceAmerica.  This is a big win for RiverEdge One, who is leased...
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I’ve recently heard several discussions about potential changes on how leases will be treated by accounting standards.  In fact, the rumbling says that by the year 2011 the changes will be put into affect with no grandfathering.  I don’t pretend to be a whiz when it comes to accounting….  That is why I’ve asked...
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Last week, Buckhead’s Two Alliance Center received LEED Gold certification by the US Green Building Council.  This comes three months after the office tower has opened it doors, and right after it announced the signing of Marsh its first office tenant.  Two Alliance will be the first Buckhead office tower to receive LEED Gold...
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