Barings provided a $134 million loan to refinance the existing loan on Smoky Hollow in Raleigh. The mixed-use development was delivered in 2020 by a joint venture between Kane Realty Corporation, Williams Realty andamp; Building Company, and Lionstone Investments.
Smoky Hollow is comprised of a 283-unit Class-A apartment complex (“The Line”), a highly amenitized 229,000 square foot office building (“421 N Harrington”), and roughly 40,000 square feet of ground floor retail featuring a blend of restaurants and retailers.
The financing from Barings has a five-year term and JLL’s Travis Anderson, Colby Mueck, and Warren Johnson advised the sponsorship on the financing.
Barings says this transaction expands the company’s $24.2 billion real estate debt platform, which leverages the team’s direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.
Kim, who was from South Korea, ran a shoe repair shop in metro Atlanta before his retirement.
Atlanta is the city that keeps on giving, especially when it comes to reality shows.
Amazon’s data center unit has acquired land outside Atlanta, Georgia.
The Upton, a new luxury development in Chosewood Park, launches an artist residency program offering free rent and a stipend to create community-engaging art under the theme “Grounded-In-Your-Light.”ATLANTA, GA – The Upton, Chosewood Park’s newest luxury multifamily development, is seeking proposals from talented artists across the country to join its residency program, themed “Grounded-In-Your-Light.” Curated by Gallery Residential, a premier property management agency renowned for supporting artists, the 18-month residency offers complimentary rent, expecting artists to create their work and participate in scheduled events three times a month.
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