Real Estate Roundup: May 10, 2016

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Each week, JLL Atlanta searches the news to provide a roundup of noteworthy commercial real estate stories from a variety of industry publications. Here are some interesting articles from the week.

14th Street tower could soar to 70 stories by Douglas Sams and Amy Wenk, Atlanta Business Chronicle

Key excerpt:
“Two years after first pitching the project, developers are tweaking a plan for Midtown’s former Symphony Center site to include a 70-story skyscraper, potentially making it one of the tallest buildings in the city.”

Braves’ neighbors hope for real estate rebirth by Michael Kanell, AJC

Key excerpt:
“Those expectations are driven in part by a plan for Georgia State University and private concerns to transform the stadium site into a more mixed, year-round development.”

High Prices, Limited Availability of Top Logistics Property Holds Back Q1 Industrial Property Sales by Randyl Drummer, CoStar

Key excerpt:
“The lack of available logistics product, both new construction and existing portfolios for sale, may be constraining the sales market, the CoStar analysts said. About 400 million square feet of logistics has been built over the last five years, compared with 500 million square feet of inventory built in the five-year period leading up to 2010, and a nearly 1 billion-square-foot wave of warehouse and distribution built in the five years going into 2002 during the first “dot-com” and e-commerce bubble.”

future officeWhat will the future office look like? Charles Orton-Jones, Raconteur

Key excerpt:
“Places where we work in the future may not resemble the offices of today, but they will all aim to get the best from employees.”

U.S. office markets remain stable amidst office jitters, JLL

Key excerpt:
“Looking ahead, restrained development pipelines across most U.S. office markets, paired with sustained employment growth, will help to keep markets in check moving into the latter stage of the cycle. See the five key trends to watch this year.”

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