Colliers International, a leading global commercial real estate services firm, announced this morning the opening of Colliers Neely Dales, its new firm in Savannah, Georgia. Colliers Neely Dales is owned by long-standing Savannah commercial real estate executives John Neely, Cliff Dales and David Sink. Colliers Spectrum Cauble in Atlanta purchased a minority stake in the company. “The opening of Colliers Neely Dales represents a major expansion...
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North Carolina-based Oaks Development Group announced closing on the construction loan for 2.1 acres at Pinnacles Park in Palm Coast, FL. Oaks will develop a planned medical office building on the property. SunTrust Bank in Cary, NC handled the loan closing for the project. Site work is scheduled to begin by the end of the year. Oaks is developing the 20,000-square-foot building using its unique ownership model that provides tenants with a piece of...
AMB Property Corporation® (NYSE: AMB – News), a leading global developer and owner of industrial real estate, today announced that AMB Morgan Business Center – Building 100 in Savannah has been awarded Gold LEED certification by the U.S. Green Building Council. The 346,000 square foot facility is the largest investor-owned industrial development in North America to achieve Gold LEED Core & Shell® certification. “This project...
A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has sold Boardwalk Shopping Center – a 184,600 square-foot retail center on 21 acres in Round Rock, Texas – to affiliates of Gemini Real Estate Advisors, LLC. The transaction closed August 21st. A&B Properties will invest a portion of the proceeds in a previously acquired logistics warehouse facility in Savannah, Georgia, with the balance to be reinvested...
PureSpectrum, Inc. is relocating and expanding its corporate offices as interest continues to grow in the company’s patent pending high performance dimming and power factor correction technologies for fluorescent lighting. PureSpectrum’s corporate headquarters will remain in Savannah, Ga., and the company will maintain an engineering lab in Carolina Beach, N.C. with an additional contracted engineering lab in New York. During the past...