Regions Southeast | Atlanta
Fortes Financial Secures National City Mortgage Wholesale Division
July 2, 2008
Fortes Financial Inc. has completed the assumption of five regional wholesale offices formerly belonging to National City Mortgage Corp. The offices are located in San Diego, Dallas, Chicago, Fredrick, Md., and Atlanta.
Recent Atlanta Headlines
Grubb & Ellis Acquires The Retreat at Peachtree City
Sept. 04, 2008
Grubb & Ellis Realty Investors L.L.C. has acquired The Retreat at Peachtree City, a 312-unit multifamily community in the Atlanta suburb of Peachtree City, on behalf of tenant-in-common investors.
JV Snaps Up 460,000-SF Atlanta Office-Flex Campus for $47M
Aug. 25, 2008
Winthrop Realty Trust, acting with joint venture partner Sealy & Co., has acquired a 470,000-square-foot office-flex complex in Northwest Atlanta. The price tag on the six-structure campus was $47 million, including the assumption of a $37 million mortgage loan at 6.12 percent with a scheduled November 2016 maturity date.
Grubb & Ellis Realty Investors Nabs 199,000-SF Atlanta Office
Aug. 21, 2008
One Live Oak, a 199,000-square-foot office property in Atlanta, has just been snapped up by Grubb & Ellis Realty Investors L.L.C., which made the purchase on behalf of tenant-in-common investors. Crescent Real Estate Equities was the seller, having shelled out $31 million to acquire the property from TMW Real Estate Group in late 2004.
Post Sells Atlanta Apartment Property, Refinances Others
Aug. 21, 2008
It’s only Wednesday and already it’s been a big week for upscale multi-family developer Post Properties of Atlanta. The REIT has sold its 250-unit Post Oglethorpe apartment community in Atlanta’s Brookhaven area for $38.5 million and has refinanced two apartment complexes held in joint ventures. In addition, two of the big three credit rating agencies recently had some news for the company.
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