|
contents | business | |||||||||
| Hypo Real Estate closes construction loan in Atlanta Hypo Real Estate Capital Corporation (HRECC), a member of Hypo Real Estate Group, closed a $393 million construction loan for the second phase of "12th & Midtown, " a luxury two tower mixed-use property located in Atlanta, Georgia. The sponsors of this deal are Daniel Corporation, Selig Enterprises, Inc. and MetLife. This is the first time Hypo Real Estate Capital Corporation has worked with these sponsors. The second phase of "12th & Midtown, " a luxury mixed-use property located at 1075 Peachtree Street, has already commenced construction. The property will consist of a 725,000-square-foot Class A office tower, more than 60,000 square feet of flagship retail space, the new 414-room Loews Atlanta Hotel and 60 luxury residences. write your comments about the article :: © 2007 Construction News :: home page |