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                                                                                                                                            July 15, 2010

The Inside Scoop on the People & Places that Shape Atlanta Real Estate
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Buckhead: Dirty Bird Finds a Nest, Crescent Closes the Deal
Matt Ryan of the Atlanta Falcons
Matt Ryan of the Atlanta Falcons.
 
One of our favorite Dirty Birds, Falcons Quarterback Matt Ryan, has a new nest, and Crescent Resources and Manulife Financial have finalized a lease with Northwestern Mutual-Goodwin Wright at Phipps Tower.
 
Crescent closed the deal with Northwestern Mutual-Goodwin, Wright for 52,000 square feet last week, bringing the 486,000-square-foot office tower its third tenant following Speakeasy and The Cornerstone Investment Partners. Crescent's Joseph McGorrey represented the landlord-side, while CB Richard Ellis' John Shlesinger, Sam Holmes and Anne Lofye represented the tenant, which is relocating from nearby Atlanta Plaza.
 
A few blocks away, we hear that Ryan has two condos under contract at the Ritz-Carlton Residences. Developer Post Properties and its marketing agents declined to comment. The Ritz-Carlton Residences occupy the top 17 floors of the 34-story building. According to First Multiple Listing Service, asking prices for the condos range from $815,000 for a two-bedroom, three-bath unit on the 20th floor to $2.9 million for a three-bedroom, four-bath unit on the 34th floor. 
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Making It Look Easy
David Lanier and Chip Olsen of CB Richard Ellis
David Lanier (left) and Chip Olsen (right) of CB Richard Ellis.
 
It's not as easy as CB Richard Ellis' Chip Olsen and David Lanier make it look. Olsen, who relocated to Atlanta from Charlotte almost two years ago, leads the tenant rep, development services and corporate services side of the Atlanta office, while Lanier, a lifelong Atlantan, leads the landlord, management and capital markets side.

Sure, they have an enormously successful team that consistently tops just about every category of commercial real estate, but ... they also have an enormously successful team that consistently tops just about every category of commercial real estate.

"(It takes) a lot of deep breaths and enormous patience and a bit of intestinal fortitude," Lanier said. He was kidding, of course. Mostly. "We really have a nice balance of the entrepreneurial, broker mentality and a mindset that understands the needs of both corporate end users and institutional owners," Lanier said, wholly serious.

That kind of talent and depth and the company's managed brokerage approach creates a more collaborative environment than people realize, Olsen said. These factors also create an attractive recruiting and growth platform. CBRE's retail tenant rep side has doubled capacity in the past two years, and the company has its eye on increasing market share in healthcare - both tenant and capital markets - and the government sector here in Atlanta. CBRE also has added young brokers like John Thornton, Quinn Ryan and Ryan Irvine.

"That's our niche, building the next generation on the tenant side," Olsen said.
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Kenny the Crime Stopper Saves the Day
Barefoot Bandit and Kenny Strachan
Colton Harris-Moore aka the Barefoot Bandit (left) and security Kenny Strachan of Romora Bay Club (right). 
 
Note to ne'er do wells: Parmenter Realty Partners' Romora Bay Club in the Bahamas is no place for criminal mischief. The tropical resort was the end of the line last week for Colton Harris-Moore, the "Barefoot Bandit" whose alleged transgressions spanned the U.S. and Caribbean, including stealing an airplane in Indiana and crashing it in the Bahamas.

Around 1 a.m. Saturday, Romora Bay security guard Kenneth Strachan noticed Harris-Moore as he eased a stolen boat into the club's marina. Our man Kenny notified authorities and approached the Barefoot Bandit, who pulled a gun on Strachan and then took off on foot. Strachan disabled the stolen boat, but the Barefoot Bandit managed to steal another. Bahamian police pursued the Barefoot Bandit and shot out the motor on the second stolen boat before apprehending the fugitive.

"(Strachan) treats his job very seriously," said John Davidson, Parmenter's southeast regional director in Atlanta. "At 1:30 in the morning, he was alert and not asleep in a chair somewhere."  

After pleading guilty to illegally landing a plane in the Bahamas, Harris-Moore was deported to Miami this week. The whole episode led to a new drink on the Romora Bay Club's menu, the Barefoot Bandit.
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Embracing Sustainability
ULI Sustainability Summit
Left to right:  Peter Belisle of Jones Lang LaSalle (Los Angeles CA), Jeff DuFresne of ULI, Scott Muldavin of Green Building Finance Consortium (San Francisco, CA), James Finlay of Wells Fargo & Co. (Los Angeles, CA) and Greg O'Brien of Sustainable Options, LLC.

The Rooster joined an esteemed group of panelists for ULI Atlanta's 2010 Sustainability Summit at Duke Realty and Pope & Land's 3630 Peachtree on Tuesday morning.  The speakers led the packed room with a discussion on the importance of energy efficiency and proactively embracing sustainable building practices in commercial property investments.  We thank you for the invite, Jeff and Tamia!
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Sweet Sweetwater
NAIOP Happy Hour
Left to right:  Charlie Brake and Abbye Goodling of Hartman, Simons & Wood LLP, Melinda Parrish of Republic Commercial Title and Morrison Hershfield.

Georgia's NAIOP chapter braved storms and politicians to pack Sweetwater Brewery Tuesday evening for a summer happy hour. The event drew a handful of candidates for statewide office, including state attorney general candidate Sam Olens and secretary of state candidate Brian Kemp, and raised funds for NAIOP's political action committee, Georgians for Smart Growth.
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The Real Estate Rooster is an online newsletter directed at the real estate industry in Metropolitan Atlanta. You have received this newsletter through your affiliation with the real estate industry. If you have received this newsletter in error or would like to unsubscribe, please follow the link below. The content of this newsletter is independently developed by Rooster Media, LLC and is not directed by the advertisers whose names and ads appear herein. All of the content in this newsletter is the sole and exclusive property of Rooster Media, LLC. 2009.