Who says commercial real estate lawyers don’t have any work to do? Morris, Manning & Martin partner Vanessa Morris [photo, right] has a billing invoice to prove otherwise. Morris has been involved with the sale of two large Atlanta-area residential complexes in the past month. Morris advised the lender on both deals, which have a combined value of about $73 million.
On the first sale, Morris’s client was Primary Capital Advisors of Atlanta, which acted as the lender on the $25.8 million sale of the Block Lofts condo building [photo, below] on Ralph McGill Boulevard. The Connor Group, of Dayton, Ohio, acquired the property from Principal Real Estate Investors, a unit of Principal Financial Group Inc. Thompson Hine partner Darrel Davison in Columbus, Ohio, advised Principal.
In the second transaction, Morris was adviser to CBRE Capital Markets Inc., a unit of CB Richard Ellis Inc., the le
nder on the $47.4 million sale of Post Properties Inc.’s Post Dunwoody development. Post Dunwoody is a 530-unit complex on Peachtree-Dunwoody Road that was completed over several phases in the 1980s and 1990s.
The Post Dunwoody property was assessed at $33,252,900 in 2008, according to the Fulton County Tax Assessor’s office.
King & Spalding associate Amber Murray took the lead advising Post Properties, with supervision from partners Clay Howell and Dan Heller and with participation from Post in-house counsel Joe Bartlett. McClure & Kornheiser partner Michael Kornheiser represented the buyer, Dunwoody Station Apartments LLLP.