Mall storage building sells for $10.25 million
The Public Storage site near Hamilton Place mall has a new owner, nearly two years after the former Golfsmith store was converted into a self-storage facility.
Southeast One Inc. acquired the three-story complex that now houses Public Storage from Hamilton County Self Storage for $10.25 million, according to property filings with the Hamilton County Register of Deeds.
The 93,315-square-foot self-storage building at 2056 Hamilton Place Blvd. was redeveloped for the self-storage complex last year. Public Storage will continue to operate with the new landlord at the 1.7-acre site.
CubeSmart, one of the top three self-storage companies in the United States, manages the facility.
Development planned near Georgia Army base
FORT GORDON, Ga. — A major development project outside an East Georgia Army base is in the planning stages.
The planned office and commercial complex will be outside Fort Gordon's new Gate Six, covering a space that's equal to about 31 football fields, The Augusta Chronicle reported.
Much of that land will be used for parking for three four-story buildings and a five-story building that will include a restaurant, the newspaper reported. The project could also include a hotel.
The project dates back several years since shortly after the Gordon Park Speedway closed and the property was liquidated in September 2013.
US home prices surge 18.4% in October
U.S. home prices surged again in October as the housing market continues to boom in the wake of last year's coronavirus recession.
The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4% in October from a year earlier. The gain marked a slight deceleration from a 19.1% year-over-year increase in September but was about in line with what economists had expected.
All 20 cities posted double-digit annual gains. The hottest markets were Phoenix (up 32.3%), Tampa (28.1%) and Miami (25.7%). Minneapolis and Chicago posted the smallest increases, 11.5% each.
Riot Games settles discrimination case
Riot Games, the publisher behind esports giant "League of Legends," agreed to pay $100 million to settle a class-action lawsuit alleging pay disparity, gender discrimination and sexual harassment.
The lawsuit was filed in November 2018 after gaming website Kotaku published a story detailing a sexist culture at Los Angeles-based Riot Games that included women being passed over for promotions, unwanted sexual advances and men questioning women about the legitimacy of their video game fandom. Other former employees later came forward with similar claims.
The California Department of Fair Employment said the suit will remedy violations against more than 1,000 female employees and 1,300 female contract workers.
— Compiled by Dave Flessner