Real Estate Notebook: Office building sales reach highest level in nearly 5 years

Sales of Atlanta’s office buildings rose to more than $1.3 billion through the first half of 2019, the second-highest transaction volume during that period in the past five years, according to real estate services firm Newmark Knight Frank. Only the first half of 2015 saw more deals for office properties, when the total came in just under $2.5 billion. Midtown saw a number of high-profile sales during the first six months of this year, including Northwood Investors buying 715 Peachtree, a former J.C. Penney Co. regional headquarters that was renovated by Pacific Coast Capital Partners and Atlanta real estate company Carter.

source https://finance.yahoo.com/m/ef8b7083-336f-304e-b7d8-33b8c8560b4f/real-estate-notebook%3A-office.html?.tsrc=rss

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