ACBJ : Atlanta : Archive : 2000 : March : Week of March 6, 2000 : Focus: Commercial Real Estate
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March 6, 2000
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Focus: Commercial Real Estate
Portman leaves mark on Atlanta's skyline
BellSouth plan tackles transportation troubles
Two-track approach helps Cousins hit jackpot
E*Trade center built to last
Park Central Condominium thrusts Focus into spotlight
Mixed-use project revitalizes former urban center
Brookwood Place deal done after much negotiating
Developer repositions mixed-use office project
Land deal was first step in move back toward town
Webvan bets on Atlanta for grocery delivery
Duke-Weeks bets on boom in Braselton with land deal
Riverside park deal boosts I-20 West corridor
Acquisition of Hodges positions firm for future
Investors are betting on rebirth of Underground
Developers give hotel a $31 million makeover
Discover Mills clears series of firsts for malls
Industrial development could slow along I-85
Portman urges Europeans to remain unique
Editors' Notes: Downtown projects rack up awards
Synergy helps Equity complete Perimeter deal
One Atlanta Plaza `trophy' won by the quickest
Developer: Buckhead Loop worth every penny
Land deal clears airport expansion for takeoff
Land tract in Forsyth holds major potential
Mysterious call triggered big industrial deal
Industrial Real Estate: British company doubling its space in Gwinnett
Retail center in Alpharetta satisfies demand, neighbors
Sembler cleans up to make room for retail
Parkside complex a pillar of Post's intown expansion
Interstate North undergoing a face-lift
Cumberland Galleria area experiencing more growth
Vacancy rates up but submarkets still strong



Focus: Commercial Real Estate


Editors' Notes

Downtown projects rack up awards

Jim Molis and Elizabeth Drachman

This year's Best in Atlanta Real Estate Awards could just as easily be called Best in Downtown Atlanta Real Estate.

Three of the seven winning deals were downtown projects. Furthermore, the first recipient of the annual Visionary Award, John Portman, has been a major proponent of downtown development over the last few decades.

Downtown projects won the awards for office, retail and design deals. The winner of the overall deal of the year award, BellSouth Corp.'s Metro Plan, also includes a downtown component.

Much has been made of attempts to revitalize downtown in recent years. Boosters are trying to lure businesses and residents to the city's core as a way of combating sprawl.

The fact that the downtown deals honored include several types of projects is indicative of the comprehensive push for intown development. Shopping malls, office buildings and residential communities all are integral components in an urban community.

The land deal of the year, the expansion of Hartsfield Atlanta International Airport, impacts the entire metropolitan region. The industrial deals -- led by Inc.'s Henry County distribution center -- indicate that the region is able to attract companies from other states.

Coupled with the projects of hometown companies such as BellSouth, that ability to draw businesses and residents from elsewhere will continue to fuel Atlanta's expansion.

This year's award-winning commercial real estate deals were chosen for a variety of reasons. Some -- like those for the airport expansion and Underground Atlanta -- were honored for the parties' abilities to overcome numerous hurdles. Others, like Historic Westside Village's revitalization plans, were noteworthy because of their scope. Also in this commercial real estate section, some of Atlanta's leading commercial real estate executives share their strategies for working with the area's burgeoning technology community . Visionary Portman discusses his views on development. And stories about submarkets highlight growing areas in metropolitan Atlanta, Cumberland-Galleria and North Fulton.

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