Atlanta

An affiliate of Boston-based Berkshire Group has recently acquired the 355-unit Crescent Terminus Community, Crescent Communities announced in a news release. The three-building luxury apartment complex is located in Atlanta’s Buckhead neighborhood and it is currently pursuing the ICC-700 National Green Building Standard’s Bronze Level Certification.

Ridgeline Property Group has recently announced to develop an industrial speculative building in McDonough, encompassing 714,560 square feet. Clarion Partners will be RPG’s capital partner for the project.

By Balazs Szekely, Associate Editor The 288-unit The Clairmont multifamily community in Atlanta was recently picked up by affiliates of Equus Capital Partners, Ltd., the company announced. The property has been renamed Madison Brookhaven,  the acquisition was made on behalf of a discretionary fund managed by Equus, BPG Investment Partnership IX, LP commonly referred to […]

Atlanta Tech Village has recently announced the build out completion of a 103,000 square foot building in Buckhead. The recently finished building offers members – or Villagers as they call themselves – event and meeting spaces totaling 10,000 square feet, 50 individual coworking desks, 63 private offices and 44 multi-room suites. It has the capacity to house up to 800 individuals.

The Legacy at Walton Mill, a new 55+ active adult Walton community begins pre-leasing.

Norstar Wingate, a multifamily rental community in Forest Park, Georgia has recently sold for $3.4 million or $16,113 per unit, Franklin Street announced. AML GA 1001, LLC, a Florida investor group acquired the 211-unit property from a local investor, Jake Reid and Ricky Jones of Franklin Street represented the seller.

Steadfast Apartment REIT has recently picked up 696 apartment homes in North Gwinnett. The investment trust paid $98.5 million for the portfolio that is comprised of two adjacent communities originally constructed as stand-alone properties with 354, respectively 342 apartments.

A newly formed joint venture has recently announced the acquisition of the 120-unit Austin Creek community at Southern Polytechnic State University’s campus. The partnership incorporates Chicago-based opportunistic, privately held real estate investment firm T2 Capital Management and Atlanta real estate service firm Campus Realty Advisors.

The historic Glenn and Towers Residence Halls at Georgia Institute of Technology in Atlanta will soon undergo renovation with Stevens & Wilkinson in charge of the operation, in association with VMDO Architects.