New Luxury Co-working Concept to Make U.S. Debut

Written on April 26, 2018 at 12:02 PM

The co-working industry continues to grow and evolve throughout the country, and a new high-end concept will open its first-ever U.S. location at an Atlanta mall. Luxury workspace provider No18 has signed a lease at The Shops Buckhead Atlanta and is slated to open in fall 2018.  No18 will occupy nearly 32,000 sq. ft. of space at the open-air center that spans six city blocks and features more than 50 stores and restaurants along a streetscape setting.

According to Chain Store Age, No.18 is described as a members club for businesses and will offer a range of curated, flexible workspace options in an upscale, sophisticated environment. No18 members will have access to a members lounge, premium private offices and dedicated desks. All members will be able to take advantage of the concierge-level services, fully equipped meeting rooms, and a luxe event area to host meetings and gatherings.

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Categories: Office, Georgia, Real Property, Retail, Malls

Austin, Atlanta Lead Race to Win Amazon's HQ2

Written on October 26, 2017 at 11:44 AM

After Amazon announced plans in September to build a second headquarters (HQ2) in an undetermined location, hundreds of local officials across North America have submitted proposals to try and win the $5 billion construction investment and 50,000 new jobs for their city. In an effort to lure Amazon, proposals boast potential tax breaks, local benefits and opportunities.

However, Moody’s Analytics metro area analysts ranked the largest metro areas using a data driven approach, and made the case for an individual city based on qualitative judgment. The analysts looked at five factors: business environment, human capital, cost, quality of life, and transportation. It then assigned a number to each city and a weight to each factor to come up with its list of 10 cities. An additional category, geography, was considered, but was not factored into the rankings. Moody's excluded Seattle, the site of Amazon's current headquarters, from consideration.

Below are Amazon's Top 10 Cities, according to Moody's Analytics:

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Categories: Pennsylvania, Georgia, Real Property, Massachusetts, Texas, New York, Florida, Oregon, Utah

Forbes: 5 U.S. Cities Poised To Become Tomorrow's Tech Meccas

Written on May 30, 2017 at 04:06 PM

While Silicon Valley remains the nation’s most vibrant tech center, the area's innovative spirit is spreading across America. More than two-thirds of tech workers now feel little or no need to live in the Bay Area, and talent is migrating to new metropolisesBelow are 2017s Top 5 tech meccas looking to overthrow Silicon Valley, according to Forbes. 

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Categories: Washington, Georgia, Hi-Tech, Colorado, California, Oregon, Utah

The 10 Suburban Office Markets with the Highest Rent Increases

Written on April 18, 2017 at 02:51 PM

Although urban office markets continue to be popular with Millennials, movement to creative corporate office campuses in the suburbs is a growing trend. A recent report from commercial real estate services firm CBRE looked at vacancy rates and rental rate increases in a number of revitalized suburbs. A lack of new supply has driven rents up in the majority of these markets, while others are benefiting from outsized demand due to a concentration of specific industries, such as technology and bioscience. Below are the ten suburban office markets with the highest rent increases, according to the report:

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Categories: South Carolina, Office, Washington, Georgia, Real Property, Tennessee, Massachusetts, California, Florida, Kentucky

Recap: Institute for Professionals in Taxation Atlanta Luncheon

Written on March 15, 2017 at 03:42 PM

 By Stephen Cox
Consultant, Atlanta, GA

Throughout the year, the Institute for Professionals in Taxation (IPT) hosts luncheon groups across the country, providing an opportunity for local members of the Institute to gather and discuss taxation topics of mutual interest or concern. As an IPT member, I recently attended an Atlanta luncheon in which the Chief Appraisers from Fulton, Cobb, and Gwinnett counties spoke on various property tax related matters in Georgia.

Detailed below are my thoughts on some of the more notable pieces of information discussed at the luncheon and how it relates to Georgia commercial property taxpayers: 

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Categories: Georgia, Real Property, Paradigm Info

San Francisco is the Greenest U.S. Office Market

Written on October 19, 2016 at 04:41 PM

Institutional owners of office buildings continued to pursue green building certifications in the 30 largest U.S. markets during 2015. Continuing an upward trend over the past decade, green certifications are now held by 11.8 percent of all surveyed buildings, representing 40.2 percent of all office space. Both figures are slightly above last year’s results, according to the third annual Green Building Adoption Index study by CBRE Group, Inc. and Maastricht University. “Green” office buildings in the U.S. are defined as those that hold either an EPA ENERGY STAR label, USGBC LEED certification or both.

After placing second on the Green Building Adoption Index the two prior years, the San Francisco market claimed the top spot with 73.7 percent of its space qualified as green certified. Chicago claimed the second spot, narrowly trailing the leader at 72.3 percent and Minneapolis fell from the top into third spot at 60.6 percent. Houston, Atlanta and Los Angeles all also achieved more than 50 percent green certification in their office markets.

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Categories: Office, Minnesota, Georgia, Real Property, Illinois, Texas, Green Initiatives, California

Survey: 11 Best Non-Gateway Cities for CRE Investment

Written on May 05, 2016 at 05:31 PM

Due to low cap rates and sky high prices in gateway cities, many commercial real estate investors in search of good yield are turning to non-gateway markets as a more appealing and affordable option. A recent “State of the Market” survey by global law firm DLA Piper found that 78 percent of real estate professionals it surveyed agreed that non-gateway markets will come to the forefront of investment preferences in the next 12 months (33 percent said they agreed, and 45 percent said they somewhat agreed). The preference was more pronounced among domestic rather than foreign investors, DLA Piper reports.

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Categories: Washington, Georgia, Real Property, North Carolina, Colorado, Tennessee, Texas, Florida, Oregon

Overall Property Values Up 9 Percent in Gwinnett County, GA

Written on April 12, 2016 at 01:04 PM

Real estate values in Gwinnett County, GA have increased significantly once again due to the improving economy.  Property owners should be on the lookout for their property-tax assessment notices, which we’re mailed out last week. About 60% of owners will see a property-value change. Steve Pruitt, the county’s chief appraiser, said overall property values are up 9 percent, though individual properties may vary substantially. It’s the third consecutive increase in property values after years of decreases that followed the recession. In 2014 Gwinnett assessments were up nearly 10 percent; they rose 3 percent last year.

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Categories: Georgia, Real Property

Study: Cincinnati Most Affordable U.S. City for Businesses

Written on March 31, 2016 at 01:04 PM

Cincinnati is the most cost-friendly city to do business among the 31 largest U.S. metro areas (those with populations of 2 million or more), according to the 2016 Competitive Alternatives study by KPMG LLP. Cincinnati's favorable leasing costs and low property taxes contributed to its first place ranking in the study, which compares key cities across a range of costs and other factors related to doing business. Orlando, Fla., was the second most cost-competitive location in the large-cities category, followed closely by Tampa, Fla., Cleveland, and San Antonio. Other locations ranked among the top 10 large U.S. cities included Atlanta, Charlotte, N.C., Miami, St. Louis and Kansas City, Mo.

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Categories: Georgia, Real Property, North Carolina, Missouri, Texas, New York, Ohio, California, Florida

Lawmaker to Introduce Property Tax Slowdown for Savannah Businesses

Written on January 27, 2016 at 02:31 PM

New legislation is being introduced in an effort to combat rapidly rising commercial property assessments in Savannah, Georgia. In a meeting with visiting Mayor Eddie DeLoach and members of the City Council and school board, Sen. Lester Jackson discussed a bill, to be called the Small Business Protection Act, which would limit tax increases for commercial properties.

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Categories: Georgia, Real Property




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