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The city of Atlanta is buying a 264-unit apartment community across the street from City Hall.

The city will acquire City Plaza at 133 Trinity Avenue S.W., according to a notice on the city’s website. The complex is owned by Atlanta-based apartment management company JMG Realty Inc.

City Plaza contains 69 one-bedroom apartments and 95 two-bedroom units. It also has 29,000 square feet of ground-level retail.

Details about the price the city will pay and why it’s buying the complex were not immediately…
Source: bizjournals.com

As part of its effort to reduce the taxpayers’ burden, Fannie Mae announced Friday that it completed its fifth and sixth credit risk-sharing transactions as part of its Credit Insurance Risk Transfer program. Through these latest deals, Fannie Mae said that it has acquired more than $800 million of insurance coverage on over $32 billion of loans this year.
Source: NHOusing wire

Regional planners are seeking a long-sought spark that could ignite nearly 200,000 square feet of retail, including a major grocery anchor, for underserved southwest Atlanta neighborhoods around Fort McPherson.

A series of public meetings about the Fort McPherson area continues to tackle the longstanding issues hindering neighborhoods that make up a 1,300-acre district just south of downtown Atlanta.

The area is part of Livable Cities Initiative, a program that could spur its revitalization. Median…
Source: bizjournals.com

A decision will soon be made on the development team that will tackle the state’s largest transportation project ever, the $1.1 billion transformation of the Interstate 285/Georgia 400 interchange and new collector distributor lane project along 400.

A Georgia Department of Transportation committee is reviewing the proposals of four development teams and plans to make its recommendation of the best value team at a Dec. 10 board GDOT board meeting.

The proposed improvements are designed to aid…
Source: bizjournals.com

If you live in Atlanta’s wealthiest ZIP code — 30327 — it goes without saying that you live in an expensive home.

It’s residential Buckhead, where the average high-end home is worth more than $1 million.

But people who live in 30327 also typically enjoy large incomes, work as managers in business or science and hold advanced degrees.

While those are all common-sense deductions, they also are borne out by statistics on affluence in cities across the U.S. compiled by Charlotte, N.C.-based…
Source: bizjournals.com

Freddie Mac announced Thursday that it is bringing another credit risk-sharing cash securitization to market. Freddie Mac’s second Whole Loan Security is more than twice the size of the first such offering.
Source: NHOusing wire