Belgian pharmaceuticals firm UCB is set to expand its U.S. headquarters in Cobb County through a multi-phase plan that is to generate $47.5 million in investment and 100 jobs on its existing 47-acre campus. Through its incentive program, Smyrna City Council in a virtual meeting May 4 approved a waiver of $180,950 in building permit and recording fees associated with the first phase […]
Dubai Makes Its (Pre-Pandemic) Investment Pitch in Atlanta
The focus may have been on its gleaming skyscrapers, upscale homes and a (potentially postponed) world expo in October, but a presentation on Dubai March 12 showed that the emirate has a few business sectors, especially in technology, that could complement Atlanta well. The “Demystifing Dubai” seminar was held at the Commerce Club downtown March 12, […]
Swedish-owned Skanska Partners With H.J. Russell on Grady Surgical Center
A joint venture between Swedish-owned construction giant Skanska and Atlanta’s H.J. Russell & Co. will partner to build a $151 million surgical center at Grady Memorial Hospital. The Center for Advanced Surgical Services will be a freestanding 10-story building adjacent to the main campus of the downtown Atlanta hospital that is the fifth busiest in the country […]
Lidl Still Bringing $100M Distribution Center to Georgia
Lidl, the German-owned grocery chain that delayed its own ambitious expansion plans, will now come through on a $100 million investment in Georgia — just in a different city and later than originally planned. The new 925,000-square-foot warehouse in Covington, the company’s fourth in the U.S., will create 270 full-time jobs, Gov. Brian Kemp‘s office […]
Atlanta’s Cortland to Buy Canadian REIT for $1.2 Billion
Atlanta-based multifamily developer Cortland Partners LLC has agreed to buy the outstanding units of a Canada-based real estate investment trust for $7.61 per unit, the equivalent of about $1.2 billion. Pure Multi-Family REIT, a publicly traded company, settled on Cortland after entertaining interest from some 90 potential buyers since 2018 through its advisor, Scotiabank, the Vancouver-based […]
Q&A: Why Foreign Investors Favor U.S. Real Estate — and How They’re Approaching the Southeast
Editor’s note: Atlanta’s real estate boom is palpable these days as cranes continue to dot the Atlanta skyline, but less understood is the role of foreign investors in the sector’s growth. In this Q&A sponsored by Arnall Golden Gregory LLP, Global Atlanta caught up with Abe Schear, who has been active in facilitating investment from […]
Hong Kong Investors May Be Unintentionally Raising Atlanta Real Estate Prices
Editor’s note: This guest commentary was written by Kristina Kopf Thomas, an attorney at Eversheds Sutherland in Atlanta. The day after Thanksgiving, while many Americans were sleeping off their turkey, I was on an all-day aerial odyssey from Atlanta to Hong Kong. My first flight to Asia took me first to Toronto, then due north over […]
