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Category Archives: Multi-Family
Tempo Trades Multifamily Portfolio for $35.8M
By Finerve Holder After 30 years of ownership, Tempo Properties sold 12 multifamily communities in Atlanta for $35.75 million, or about $30,094 per unit. Wilkinson Corp., a Yakima, WA-based private equity real estate firm, acquired the 1,188-unit portfolio, which was … Continue reading
Posted in Atlanta, Multi-Family
Tagged Chamblee, Doraville, north druid hills, tempo properties, wilkinson corp, wilkinson corporation
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Weekly Market Insight
Unemployment Rates One indicator receiving more scrutiny in an election year is the U-6 rate, a measure of slack in the labor market that includes persons who are officially unemployed (the U-3 rate), plus persons marginally attached to the labor … Continue reading
JV Sells Post Biltmore in Midtown for $51M
Mesirow Financial Acquires 276-Unit Complex; Renames it Biltmore By Finerve Holder JPMorgan and Post Apartments Homes LP sold the former Post Biltmore property to Chicago-based investor Mesirow Financial Real Estate for $51 million, or approximately $185,000 per unit. The 361,746-square-foot … Continue reading
Mixed-Use Buckhead Place Gets $50M Refi
By Jennifer LeClaire ATLANTA—Despite a hard hit Atlanta commercial real estate market, Buckhead Place has won the confidence of investors. Buckhead Place has secured a $50 million refi. CBRE’s Capital Markets group arranged the permanent financing. William Tyler, senior vice … Continue reading
Mesirow Financial buys Post Biltmore
Atlanta Business Chronicle by Douglas Sams Mesirow Financial of Chicago bought Atlanta’s Post Biltmore apartments for $51 million, a signal Midtown’s climbing rents and other strong fundamentals are attracting investors. Mesirow completed the acquisition Feb. 28 for 185,000 a unit, … Continue reading
Former Falcon Ridge Complex Trades for $4.9M
Bank Sells 216-unit Multifamily in Dekalb County By Finerve Holder Marquise Ridge LLC acquired the former Falcon Ridge apartment complex for $4.9 million, or about $22,685 per unit. First Southern National Bank sold the 216-unit REO property, which is at … Continue reading
Posted in Atlanta, Multi-Family
Tagged Atlanta, Brett Hunsaker, Commercial Real Estate, Decatur, Grubb & Ellis, Marquise Ridge
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Strong intown demand for class A apartments
Atlanta Business Chronicle by Danny York In my neighborhood, Inman Park, apartment rents are increasing dramatically, a sign that multifamily demand in this niche market continues to be strong. Occupancy rates in Midtown, Virginia Highland, and Inman Park are running … Continue reading
UPS partners with company to help small businesses get access to capital
By Arielle Kass The Atlanta Journal-Constitution UPS is partnering with a local company that offers small businesses capital, offering to share some of the information it gathers from customers in order to help them expand their businesses. The Sandy Springs-based … Continue reading
New interstate proposed for Middle Georgia
Atlanta Business Chronicle by Carla Caldwell A new federal study includes a possible $7.7 billion interstate route from Augusta, Ga., to Natchez, Miss., reports the Macon Telegraph. The report, obtained by The Telegraph under the Freedom of Information Act, includes … Continue reading
Posted in Atlanta, Healthcare, Hospitality, Industrial, Medical, Multi-Family, Office, Retail
Tagged Atlanta, Augusta, Brett Hunsaker, Commercial Real Estate, Connect Central Georgia Study, Federal Highway Administration, Freedom of Information Act, Grubb & Ellis, Interstate 75, Natchez, New Georgia Interstate
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