Connect with us

Atlanta, GA

What the $245M refinance of a Midtown office tower signals for Atlanta

Published

on

What the 5M refinance of a Midtown office tower signals for Atlanta


Business

The tower at 1105 W. Peachtree St., which bears Google’s logo, recently secured a new loan at a time many landlords are struggling to do so.

1105 West Peachtree (Google Tower in Midtown) is shown Friday, Dec. 19, 2025, in Atlanta. The Google Tower is one of the developments done by Selig Enterprises. (Jason Getz/AJC)

It hasn’t been easy the past few years to be an office landlord.

Advertisement

Many tenants shrunk their workspaces coming out of the COVID-19 pandemic, meaning buildings that lost rental revenue also lost value. Interest rates surged. Many banks got gun shy over having too much money lent to office tower owners, and a whole lot of loans have been coming due.

erew yraw ot eht eht reparcsyks eruces rotces niamer yltnecer s’cimednap srenwo eciffo fo fo wen evissam ynam .naol srednel yhsalf ,snoitpursid retfa elba a a elihW nwotdiM

,raey hcihw saw ,rewot ot eht eht taht tnanet detneserper rentrap eno fo fo fo wen noillim ogol naol tsal tsegral dnik sti sti sti ni ni ni rof dezilanif tbed gnidliub sraeb dna dna rohcna gnidrocca a .W ehT .tS gileS gileS .ABS ABS eerthcaeP .elgooG adirolF adirolF sesirpretnE rebmeceD ,ERBC atnaltA yrots-13 5011 542$

.dlrow dekrow krow htiw nehw elbanu ot ot ot eht ,ecaps ylwols seludehcs etomer ecnanifer setar cimednap-erp cimednap-tsop srenwo detadtuo ro eciffo fo stekram snaol seussi tseretni .desaercni evah evah tulg erusolcerof decaf dessertsid tbed yrtnuoc dna retfa tsujda ssorca a a emoS gnilpparG

a“ ”.elohw ,dnert rewot gnituot .semit eht eht eht taht taht tnanet gans tnacifingis retsor ecnanifer ruo ylno reciffo eciffo ton wen ylraen enotselim tekram tnemtsevni depleh lluf rof rof tluciffid etipsed tbed ynapmoc feihc dellac tub skcub ta sa a a .W ,gileS ,eldneR eerthcaeP ttaM tuB 5011

Advertisement

tA“ nehw eulav serocsrednu ylurt noitcasnart emit siht siht eht eht ,elacs dias .esaeler secnanifer ”,ytreporp eciffo fo fo swen tekram mret-gnol rotsevni tseretni ni ni ,gnineppah rof wef lanoitpecxe yllaicepse deunitnoc stessa era dna a a a eldneR atnaltA

The tower at 1105 W Peachtree St. in Midtown Atlanta is one of the city's newest office buildings.

The tower at 1105 W Peachtree St. in Midtown Atlanta is one of the city’s newest office buildings.

nehw saw rednu ,rewot eht eht ,stnanet evitaluceps dengis decnuonna-erp denepo eciffo gninaem etal tsegral ti ti ni ni ni evah dnuorg t’ndid noitcurtsnoc noitcurtsnoc gnidliub gnidliub ekorb yna dna dima .W ehT ehT eerthcaeP elgooG atnaltA .1202 .9102 5011

hcihw eciv ot eht eht eht erauqs skaeps ,ecaps dias tsubor ytilauq eciffo fo fo fo fo fo wen .doohrobhgien ylraen naol .desael si sedulcni ni teef ytilibarised namriahc gnidliub gnidliub sa dna a ehT derutcurtS ,nayR ekiM nwotdiM puorG ecnaniF tbeD s’ERBC ,atnaltA %4.59 000,456 ;pma&

sihT“ noitcasnart ot eht gnorts swohs dias .esaeler eciffo fo swen tekram ni woh eh gnirudne seunitnoc ssalc-ni-tseb eb ”,stessa laeppa dna a nwotdiM s’atnaltA

ekilnu eht seitiruces laer setar etar etavirp ralupop detanigiro fo fo wen tsom .segagtrom dekcab-egagtrom gninaem .naol ,naol ,naol nwonk sti tseretni tseretni emoh mrof etar-gnitaolf laredef etatse tbed laicremmoc laicremmoc segnahc sa edisgnola a a a s’tI SBMC knaB aciremA

Advertisement

tey daerpsediw erew evaw ot ot ot eht eht taht emos laer setar revo tesno fo fo fo elbaton ortem .ezilairetam snaol del seussi tseretni noitalfni desaercni ni ni evah sah serusolcerof serusolcerof sraef .tuollaf etatse dehsilbatse ssertsid tbed laicremmoc tabmoc tub erofeb neeb dima retfa a erehT etar-gnitaolF 91-DIVOC ,atnaltA 0202

saw tnacav detnawnu ot eht eht esaelbus erauqs ecaps ,shgih-drocer ro redlo eciffo fo fo fo raen ortem ssel si ni ni rof egatoof dne rehtie elbarised detartnecnoc .sgnidliub elbaliava ta dna tnuoma hguohtla lla gnidrocca s’tahT ,rebmeceD .ERBC atnaltA tuobA %5.13

sraey lliw pu eht eht eht ecaps yas enilepip yllaitrap eciffo fo wen tekram ylekil .srednel ni ycnatiseh rof strepxe ytpme nevird seird esaerced tbed noitcurtsnoc gnimoc yb ,sgnidliub sa tnuoma gnoma eciffO

htiw ohw s’rewot eht eht taht naht .sseccus deppets dias yltnecer .srossecederp eciffo eciffo fo fo wen wen ssel sevael s’ti sti ni sih lufdnah ruof rof mrif dehsinif s’ylimaf gnicaf neve tnemnorivne nwod ,sedaced noitcurtsnoc noitcurtsnoc noititepmoc gnignellahc sgnidliub sa gnoma retfa retfa a .W tahT evetS .tS ,gileS eerthcaeP elgooG OEC atnaltA ,0202 5011

eW“ tuB“ dluow gnikrow dlot ot eht thgir eciffo srebmun ”.won .htnom ekil tsal tsuj eh od ”,gnidliub t’nera rehtona ehT noitutitsnoC-lanruoJ atnaltA

Advertisement
Zachary Hansen

Zachary Hansen, a Georgia native, covers economic development and commercial real estate for the AJC. He’s been with the newspaper since 2018 and enjoys diving into complex stories that affect people’s lives.



Source link

Atlanta, GA

Atlanta Braves Manager Makes Honest Statement After Giants Game

Published

on

Atlanta Braves Manager Makes Honest Statement After Giants Game


On Sunday, the Atlanta Braves played the final game of their series with the Giants at Oracle Park in San Francisco.They lost by a score of 3-2.With the loss, they dropped two out of three games in the series.Braves Manager Makes Honest StatementAfter the game, manager Walt Weiss made an honest statement.Via Mark Bowman of […] The post Atlanta Braves Manager Makes Honest Statement After Giants Game appeared first on HEAVY.



Source link

Continue Reading

Atlanta, GA

Robbie Ray leads SF Giants over Atlanta for first winning homestand since April

Published

on

Robbie Ray leads SF Giants over Atlanta for first winning homestand since April


SAN FRANCISCO — Robbie Ray was everything the Giants could ask for on Sunday afternoon at Oracle Park.

In a performance that continued a strong recent stretch, the 34-year-old went eight innings and gave up a single unearned run, leading San Francisco to a 3-2 win.

It was an outing that will only increase potential interest in Ray at the upcoming MLB trade deadline, one where the Giants figure to be busy after ending their first winning homestand since April with a record of 35-48.

The Braves, who remain in first place in the NL East, are 49-33.

Advertisement

Ray was perfect through four innings until Matt Olson broke up his run of 12 consecutive batters retired with a single to center to lead off the fifth.

His shutout bid was ruined in the eighth when Michael Harris II drove in Eli White with a sacrifice fly, but Ray buckled down and retired Ozzie Albies with a popup to center to end the inning.

The Giants got on the board when Luis Arraez scored in the sixth on an infield single by Rafael Devers, running home when Austin Riley’s throw bounced off Olson’s glove and trickled away from him down the right-field line. They scored again when Albies threw the ball past Olson on Jung Hoo Lee’s grounder to the right side, allowing Heliot Ramos to score.

Ramos made his return from a right quad strain Sunday and played in his first game with the Giants since May 15.



Source link

Advertisement
Continue Reading

Atlanta, GA

Would you work here? Georgia’s top office has been revealed

Published

on

Would you work here? Georgia’s top office has been revealed


play

A new survey suggests that if Georgia workers could choose any office in the state to work from, many would pick Chick-fil-A’s headquarters in Atlanta.

The survey from Resume.io asked more than 3,000 workers nationwide to identify the workplaces they would most like to work from if location were not a factor.

Advertisement

Participants were instructed to judge the office environment itself rather than salary, benefits, company culture or employer reputation.

Among Georgia locations, the Chick-fil-A Support Center ranked highest, followed by Porsche Cars North America’s headquarters in Atlanta.

Chick-fil-A tops Georgia list

The Atlanta-based Chick-fil-A Support Center ranked No. 17 nationally in the survey.

Researchers highlighted the campus-style setting, which includes landscaped grounds, gardens, walking trails and visitor experiences. The workplace was noted for having a more retreat-like atmosphere than a traditional office tower.

Advertisement

The support center serves as the corporate headquarters for the restaurant chain founded by S. Truett Cathy.

Porsche headquarters also earns recognition

Coming in at No. 30 nationally was the headquarters of Porsche Cars North America.

Located in metro Atlanta, the campus is home to the Porsche Experience Center and includes a driver development track, simulators, event space, training facilities and a vehicle restoration workshop.

The survey described the site as a workplace that immerses employees in the brand’s automotive culture.

Advertisement

What workers want from an office

According to Resume.io, respondents were asked to focus strictly on the physical workplace environment when making their selections.

The survey comes as many employers continue balancing in-office, hybrid and remote work arrangements.

Amanda Augustine, a career expert with Resume.io, said employee expectations have changed as flexible work has become more common.

“If people are going to spend time commuting and working onsite, the experience has to offer something more than a desk and fluorescent lighting,” Augustine said.

Which offices ranked highest nationwide?

Nationally, the top-ranked workplace was Bloomberg’s headquarters in New York City.

Advertisement

Other offices appearing near the top of the list included the PGA TOUR Global Home in Florida, Servco Pacific’s headquarters in Hawaii, Google’s St. John’s Terminal in New York and TikTok’s U.S. Data Security office in Arizona.

Georgia was one of only a handful of states to place two workplaces among the survey’s top 30 most desirable offices.

For more information, visit resume.io.

Vanessa Johns is the Trending Topics Reporter for the Deep South Connect Team Georgia, covering food and entertainment. Email her at Vcountryman@gannett.com.



Source link

Advertisement
Continue Reading
Advertisement

Trending