Georgia
Passco Pays $50M for Kentucky MF
Passco Cos. LLC paid $50.4 million to acquire The Veranda, a 236-unit multifamily property completed in 2015. The property, acquired… Read more
Inland Ports Growing in Strength, According to CBRE
Inland ports have become important in supply chains, noted CBRE’s “Inland Ports Logistics 2016 North America Annual Report.” As online… Read more
Manulife US REIT Lowers Interest Cost with $300M Refi
Singapore-based Manulife US Real Estate Investment Trust entered into separate loan agreements with Wells Fargo Bank, National Association and Royal… Read more
Preferred Apartment Acquires 301K-SF GA Retail
New Market Properties LLC, a wholly owned subsidiary of Preferred Apartment Communities Inc., has acquired Lakeland Plaza, a 301,711-square-foot shopping… Read more
Delta Cuts Back on Flight Capacity to U.K.
The effects of Brexit have affected the global economy, but the airline industry has already largely felt its impact and… Read more
GM Avoids Shutdown, Reaches Agreement with Bankrupt Supplier
General Motors (GM) and Clark-Cutler-McDermott, a Massachusetts-based supplier, reached an agreement in court in Worcester, Mass. that allows GM to… Read more
Columbia Property, SunCap Close on $48M Maryland Deal
Columbia Property Trust Inc. (CPT) has closed on the sale of 800 N. Frederick Ave. in Gaithersburg, Maryland. The office property… Read more
Balfour Beatty, Harbet, Buy 400 Units in Alpharetta, GA
Balfour Beatty Communities LLC and partner Harbet Management Corp. have acquired the 400-unit Nesbit Palisades apartments in Alpharetta, GA. The… Read more
CA Buyer Pays $14M for GA’s Village at Athens
LTC Properties, headquartered in Westlake Village, CA, acquired the Village at Athens, a 70-unit assisted living and memory care property… Read more
Apple Hospitality REIT Pays $24M for Atlanta Home2 Suites
Apple Hospitality REIT Inc. has acquired a 128-key Home2 Suites for $24.6 million. Seller Walton International LLC was also the… Read more
Houston’s Topaz Village On Track after Oil Slump
A six-story, 15-unit upscale Houston condominium project is back on track again, following a delay due to the oil slump. CondoSmart… Read more
Cortland Enters DC Market with 630-Unit MF Purchase
Cortland Partners of Atlanta, GA has acquired the 630-unit Stoneridge Apartments, making its first foray into the Washington, DC market.… Read more
ASB Acquires Market Street Asset for $141.5M
Bethesda, MD-based ASB Real Estate Investment acquired 799 Market Street, a Class A office building in San Francisco, from Atlanta-based… Read more
Panama Canal $5.4B Expansion: Ready for Business
The nine-year, $5.4-billion Panama Canal expansion project is complete. The expansion is anticipated to increase Eastern U.S. port business by 10%… Read more
Invesco: Sovereign Capital Flowing to U.S., CRE the Target
Atlanta, GA-based Invesco’s fourth annual “Invesco Global Sovereign Asset Management Study” revealed a strong preference for U.S. investments above other… Read more
Demandware Expands HQ After Salesforce Acquisition
Demandware plans to expand at its 5 Wall St. headquarters in Burlington, MA by as much as 55% by July… Read more
MetLife Selects JLL for ATL Development Assignment
MetLife is moving forward on the redevelopment of a gateway site to Midtown Atlanta, and has engaged Chicago-based JLL to… Read more
Prudential’s $65M Loan Spurs Orlando Apartment Buy
Prudential Capital Group’s $65 million loan package has helped finance the acquisition of Grandeville at Avalon Park in Orlando, FL.… Read more