Cousins Buys Terminus Complex


Cousins Properties, Inc., an Atlanta, Ga.-based real estate company, acquired Post Oak Central, a Class A office complex in the Galleria submarket of Houston, Texas, for $232.6 million from institutional investors advised by J.P. Morgan Asset Management. The company also formed a joint venture with institutional investors advised by J.P. Morgan Asset Management to purchase both Terminus 100 and Terminus 200, neighboring Class AA office towers in Atlanta’s Buckhead submarket, and acquired the remaining 80 percent interest in Terminus 200 from a fund managed by Morgan Stanley Real Estate Investing.

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House Hunting in … Corsica

$3.6 MILLION (2,750,000 EUROS)

This granite palace tucked among hills near the Mediterranean Sea is roofed in red tile and has nearly 5,400 square feet of space. It was built in 1780 by a local nobleman in the heart of a village about 15 minutes’ drive from Ajaccio, the Corsican capital. Seven years ago, it was thoroughly restored by the current owner, who made use of salvaged materials like oak flooring and unpolished black slate, along with modern appliances.

The stone structure, fully air-conditioned and set on almost half an acre, now operates as a bed-and-breakfast inn called Carpe Diem Palazzu. It is equipped and functional; all furnishings are included in the asking price.

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Looking for the best home deals in the best places?

We continuously hear the debate about the best prices and discounts in the best cities on the best houses. Whether it’s the west coast, northeast, south or plain old inland Florida, we constantly search for the best houses at the best prices. This article discusses these issues and even displays huge price breaks. Enjoy!

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You won’t need a driver’s license by 2040

By Doug Newcomb, Wired

The timeline for autonomous cars hitting the road en masse keeps getting closer. GM’s Cadillac division expects to produce partially autonomous cars at a large scale by 2015, and the automaker also predicts it will have fully autonomous cars available by the end of the decade. Audi and BMW have also shown self-driving car concepts, with the former working with Stanford to pilot a modified TT up Pikes Peak. Meanwhile, Google is ripping along at its own rapid pace with a fleet of fully autonomous Toyota Prius hybrids that have logged over 300,000 miles. And the company has pushed through legislation that legalizes self-driving cars in Nevada. California is close behind, and Google has also been busy lobbying joyriding lawmakersin Washington, D.C.

But while we know that robo-cars are coming, the Institute of Electrical and Electronics Engineers (IEEE) recently released predictions that autonomous cars will account for up to 75 percent of vehicles on the road by the year 2040. The organization went even further, forecasting how infrastructure, society and attitudes could change when self-driving cars become the norm around the middle of the century.

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The World’s Most Expensive House

By Frances Perraudin

It’s set to be quite a housewarming.

India’s richest man, and Forbes’s fourth richest man, Mukesh Ambani, has built the world’s most expensive house in Mumbai. It is estimated to be worth $1 billion.

The lavish building– named Antilia, after the mythical island– has 27 stories, is 173 meters high and has 37,000 square meters of floor space — more than the Palace of Versailles. It contains a health club with a gym and dance studio, at least one swimming pool, a ballroom, guestrooms, a variety of lounges and a 50-seater cinema. There are three helicopter pads on the roof and a car park for 160 vehicles on the ground floors. It’s obviously quite a job keeping all this running smoothly, so the house, if you can call it that, also boasts a staff of 600. And all this for just Ambani, his wife and their three children to enjoy.

Experts are saying that there is no other private property of comparable size and prominence in the world, reports The Guardian. It has come as a surprise to some that Ambani, known as one of the more quite and down to earth of the world’s billionaires, would flash his immense wealth in such a public way, especially after India’s prime minister, Manmohan Singh, has called on business leaders to “eschew consumption” and “be role models of moderation.” – It’s very cool, but moderate this home is not.

Atlanta-based developer sets sights on metro area

By Greg Bluestein

The Atlanta Journal-Constitution

Atlanta-based developer Carter has landed a string of major recent projects outside Georgia, and now is setting its sights within the state in hopes of sniffing out some promising deals.

Company president Scott Taylor said the company is hoping to launch a $50 million project for a health-care facility near Piedmont Hospital in 2013 and is considering another $50 million plan to build an office tower atop a parking deck at Lindbergh City Center.

“We’re incredibly hopeful that we can have some development in Atlanta in the near future,” said Taylor.

New development here would represent a homecoming of sorts for the company.

It is is a developing a $50 million project in Columbus, Ohio, a $73 million mixed-use deal in Cincinnati and a $40 million student housing complex in Oxford, Miss. It also plans about $100 million in deals in Louisiana and Oklahoma.
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Atlanta’s airport test using sheep and goats to clear brush

WLTZ 38 | Columbus Georgia Regional News

Tackling the job of trimming grass and weeds around an airport is no small task.

That’s why officials at Atlanta’s Hartsfield-Jackson International Airport have brought in 100 experts: sheep and goats.

One hundred sheep and a few goats; yards from Hartsfield Jackson’s fifth runway.

It’s a one-week test to see if the sheep can clear brush adjacent to the runways more efficiently and more cheaply than men, machines and herbicide.

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