Cadence Bank retains our firm on an annual basis to provide an overview of metro Atlanta real market conditions, including an in-depth analysis of the intown apartment and condominium sectors.
Signature Bank foreclosed upon a site in the City of Alpharetta that was originally earmarked for office condominiums. Given the turbulence in the real estate market and economy, alternative uses for the property needed to be explored. Our role was to examine the merits of various development scenarios and to recommend the optimal disposition strategy. The property was ultimately sold to a townhome developer.
SunTrust Bank’s real estate lending group commissions our firm on a biannual basis to prepare an overview of real estate market conditions in metro Atlanta. The office, retail, industrial, hotel, and multi-family sectors are evaluated, as well as recent demographic and economic trends.
Chase Manhattan Bank foreclosed upon five condominium projects in Atlanta. We were hired to formulate marketing plans for the remaining unsold units. Each project was analyzed on its own merits because circumstances varied greatly. After a thorough review of their marketing history, competition, unsold inventory, and buyer profiles, we recommended a specific plan of attack for each project.
MONY Real Estate Investment Management, a wholly owned subsidiary of AXA Financial, retained our firm to evaluate the highest and best use of the excess land associated with an adult independent living facility. We provided an independent assessment of the property and market, as well as an analysis of alternative disposition strategies. We were subsequently asked to handle the disposition of the property and consummated sales to the condominium association and Julian LeCraw & Company.
Metropolitan Life owned a major downtown Atlanta office tower. We prepared an analysis of the downtown office market and recent lease transactions to provide a clear understanding of competitive market conditions to incorporate into their long-range planning process.
Citicorp Real Estate, Inc. was the lender on One Peachtree Center, now known as SunTrust Plaza, a 1.2 million square-foot, multi-tenant office building in downtown Atlanta. We were retained to prepare a market analysis and to make recommendations on how to achieve a successful lease-up of the building, which opened in a very difficult market.
New York Life owned a vacant, 4.8-acre site on Powers Ferry Road. Our role was to determine the property’s optimal use as a stand-alone development, or in combination with an adjoining parcel. A pricing and marketing strategy was also recommended.
HADDOW & COMPANY | ONE MIDTOWN PLAZA | 1360 PEACHTREE STREET NE | SUITE 1000 | ATLANTA, GEORGIA 30309 www.haddowandcompany.com | Phone: 404.577.7222