CRE Community Relieved Tapering Watch Is Over

March 27, 2015

WASHINGTON, DC-The commercial real estate industry knew the Federal Reserve Bank was going to end its $85 billion-a-month bond buying program sooner or later. The reaction of the markets in spring when the Fed said the time was nigh, though, left many anxious at how it would be handled and whether the economy was strong enough to absorb it.

Midtown Atlanta’s Ponce DeLeon Hotel Trades

Nazar Properties, LLC has snapped up The Ponce DeLeon Hotel, a 58-room, 18,500-square-foot extended-stay hotel in Atlanta. Financial terms of the deal were not disclosed.

Franklin Street Brokers Sale of Ponce Deleon Hotel

ATLANTA — Franklin Street Real Estate Services has arranged the sale of the Ponce DeLeon Hotel, a 58-room, extended-stay hotel at 551 Ponce De Leon Ave. in Atlanta. The hotel is located just east of the new Ponce City Market and is within walking distance to Atlanta’s Midtown, Virginia Highland and Old Fourth Ward neighborhoods. Nazar Properties LLC purchased the 18,500-square-foot asset for an undisclosed amount. Jake Reid of Franklin Street represented the seller, an Atlanta-based family that owned the hotel for 60 years.

A Little Less Boom in ’14

These are boom times for South Florida multifamily, but what next? Franklin Street regional managing partner Deme Mekras tells us the ride isn’t over yet. But it might be a little slower and just a bit bumpier in ’14. (So less of a boom and more of middling rumble.)

The List-Makers: Atlanta’s Commercial Real Estate Brokerages

Danny York
Chief Operating Officer
Franklin Street
Years with firm: 7
You should know: Franklin Street is one of the fastest-growing commercial real estate companies in the Southeast and continues to flourish