Jarred Schenke

Atlanta

Reporter, Atlanta at Bisnow

Reporter for @Bisnow in Atlanta. I have a face for radio and a voice for print.

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Articles

$1B Blue Owl Portfolio Hit With Bankruptcy Double-Whammy

2 days ago | bisnow.com | Jarred Schenke

Two bankruptcies have sent occupancy tumbling at a 6.5M SF nationwide real estate portfolio owned by New York-based alternative investment manager Blue Owl Capital. A Big Lots store in Texas that was part of the retailer's liquidation in 2024. S&P Global downgraded the credit rating of three classes of debt on a $275M CMBS loan backing the 42-property retail, industrial and office portfolio after occupancy fell from 100% to a little more than 36%, the ratings firm said last week.
Atlanta's Suburbs Need Affordable Housing. Many Don't Want It

3 days ago | bisnow.com | Jarred Schenke

The affordable housing crisis is growing increasingly dire beyond Atlanta's city limits as prices rise and construction slows in its suburban towns and cities. But arduous permitting processes and hostile neighbors are making it hard for affordable developers to build units in the fast-growing suburbs for nurses, police officers, teachers and firefighters, panelists said Wednesday at Bisnow’s Atlanta Affordable Housing Summit. Prestwick Development's Casey Craven and Beverly J.
Lender Forecloses On Piedmont Center At Auction For $200M

4 days ago | bisnow.com | Jarred Schenke

On a cloudless Tuesday morning, The Ardent Cos. lost the sprawling wooded office park it spent years — and hundreds of millions of dollars — assembling to foreclosure. Holland & Knight Partner Matthew Joe holds the foreclosure auction for the Piedmont Center office complex. Austrian investment firm Bawag Group purchased Piedmont Center, a 2.2M SF office campus in Buckhead, with a $200M credit bid at an auction on the Fulton County Courthouse steps.
Equity Residential Continues Atlanta Buying Spree With $535M Purchase

5 days ago | bisnow.com | Jarred Schenke

The most active investor in the Atlanta multifamily market has reached a deal to spend another half-billion dollars on apartments in the region. The Reserve at Summit Crossing in Cumming, one of eight apartments being acquired by Equity Residential in 2025. Equity Residential is under contract to purchase eight apartment complexes totaling more than 2,000 units for $535M, it disclosed in an investor presentation filed with the Securities and Exchange Commission.
Lender Taps CP Group To Take Over Piedmont Center Out Of Foreclosure

1 week ago | bisnow.com | Jarred Schenke

The firm leading the redevelopment of CNN Center is now poised to take the driver's seat in the turnaround of another prominent Atlanta property. Piedmont Center 5-8, which is part of the larger Piedmont Center office campus in Buckhead.
This Week's Atlanta Deal Sheet: Blackstone Subsidiary Sells Huge Atlanta Industrial Portfolio

1 week ago | bisnow.com | Jarred Schenke

A Boston-based private equity firm has purchased a swath of shallow-bay flex industrial properties in Metro Atlanta. The 2140 Newmarket Parkway building in Marietta was acquired by Taurus Investment Holdings. Taurus Investment Holdings bought 12 Class-B properties totaling 814K SF in three metro counties, including a four-building complex off Oakbrook Parkway in Norcross, for an undisclosed sum.
Banks' CRE Comeback Fueled By Maneuvering Bad Loans Off Their Books

1 week ago | bisnow.com | Jarred Schenke

Banks have reemerged in the commercial real estate lending space after more than a year of dormancy. Their comeback has been fueled by finding ways to purge their balance sheets of troubled property loans. Deals with private equity firms and private credit funds, along with a reinvigorated CMBS market, have allowed financial institutions — particularly regional players who are more heavily exposed to CRE debt — to do so while minimizing their losses, lenders and analysts say.
Nuveen Launches Fund To Convert 1031 Exchange Sellers Into REIT Shareholders

1 week ago | bisnow.com | Jarred Schenke

Nuveen has launched a new vehicle that it hopes will convert property sellers hoping to avoid capital gains taxes into investors in its $2.1B nontraded REIT. 333 W. Wacker Drive in Chicago, where Nuveen is headquartered. TIAA’s global investment management arm launched a Delaware Statutory Trust fund to allow investors to roll over proceeds from the sale of commercial real estate assets into properties in its CRE portfolio through a 1031 exchange, it announced Thursday.
First Sweet Auburn Development Since 2007 Struggling To Land Tenants

1 week ago | bisnow.com | Jarred Schenke

A month after developers and local officials cut the ribbon on the first phase of the Front Porch affordable housing and retail project in the Sweet Auburn neighborhood, it is already showing signs of trouble. Heralded as a catalyst for the historic community’s revival, Front Porch's efforts to fill its apartments and ground-floor commercial space have been thwarted by concerns over a homeless encampment behind the building, its developer tells Bisnow.
This Week's Atlanta Deal Sheet: Feds May Put For-Sale Sign On Downtown Tower

2 weeks ago | bisnow.com | Jarred Schenke

More than 2,200 federal employees are likely to be transferred from a prominent Downtown Atlanta office tower to another federal facility nearby and their former home put on the market. The Public Buildings Reform Board recommended this week that the General Services Administration empty out and sell the Peachtree Summit Federal Building, a 29-story, 855K SF tower at 401 West Peachtree St.The GSA determined that the building is underutilized, with more than 240K SF vacant.

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