Author Archives: Newmark Grubb Knight Frank

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank’s Atlanta office has quickly become the hub for the Southeastern region. The operation has advisory professionals with expertise in office and industrial tenant representation, investment sales, portfolio management and strategic planning services. Our seasoned group of principals have more than 100 years of combined experience negotiating complex transactions on behalf of clients across every industry. The Atlanta office also houses the U.S. headquarters for Newmark Grubb Knight Frank’s Consulting and Project Management and Logistics divisions. With consulting and project management professionals located in many of the firm’s offices, the Consulting and Project Management and Logistics divisions provide real-world business and project management and logistics solutions for companies throughout the world.

Industrial Market Surges Forward

The strong performance of the Industrial market continued in first quarter of 2013 with a vacancy rate of 12.4%, 30 basis points down from the fourth quarter of 2012 and 110 basis points from 13.5% the first quarter of 2012. … Continue reading

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Atlanta Office Market Rebounds

The Atlanta office market continued with positive fundamentals in the first quarter of 2013, posting a vacancy rate of 21.8%, down 40 basis points from the previous quarter and down 130 basis points from the first quarter of 2012. This … Continue reading

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Good News Friday :: Capital Markets Tea Leaves

Last week’s Good News Friday reported steady progress in the commercial property leasing markets. Today we will summarize recent metrics and the outlook for the capital markets. Sales transactions totaled $67.0 billion in the third quarter, up 19% from a … Continue reading

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Inland Finalizes Purchase of 5 Hotels for $393 Million

By Laurie Forbes Inland American Lodging Group, a subsidiary of Inland American Real Estate Trust, completed its purchase of five hotels in three separate deals totaling $393.1 million. DiamondRock Hospitality Co. (NYSE: DRH) sold three properties for $262.5 million or … Continue reading

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Tempo Trades Multifamily Portfolio for $35.8M

By Finerve Holder After 30 years of ownership, Tempo Properties sold 12 multifamily communities in Atlanta for $35.75 million, or about $30,094 per unit. Wilkinson Corp., a Yakima, WA-based private equity real estate firm, acquired the 1,188-unit portfolio, which was … Continue reading

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QRS Recycling Leases 100,000-SF Industrial

By Daniel Weingarten QRS Recycling, a Louisville, KY-based recycling firm, will occupy the entire industrial building at 120 Hollow Tree Lane SW in Atlanta, GA. The company signed a long-term lease deal, which will commence late second quarter of this … Continue reading

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JV Closes on The Rocca and Adjacent Lot for $23M

By Finerve Holder Joint venture partners MetLife and Daniel Corp. completed their acquisition of The Rocca at Piazza at Paces and an adjacent 2.37 acres in Atlanta, GA, for $23.1 million. Ronus Properties sold the properties–$19.5 million or about $243,750 per … Continue reading

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