CAPRE’s Commercial Real Estate Headlines for September 10, 2019

Check out the latest deals and developments in commercial real estate for September 10, 2019: Sentinel Real Estate Group and Paragon Construction Consulting, Inc. Merge to Form CREDE: Sentinel Real Estate Group, an Irvine, California-based commercial real estate development company, has announced a merger with Paragon International to form a new company, CREDE (Commercial Real Estate Development Enterprises). The company also announced the addition of commercial real estate veteran Rob Cord as President of CREDE’s Asset & Property Management division. CREDE, with offices in six states, has three distinct divisions: Development, Construction Advisory and Asset & Property Management. The new company will offer its full spectrum of services to commercial real estate clients and enhance CREDE’s developments nationwide. Greystone Brown Real Estate Advisors Closes $23.4 Million Sale of Multifamily Property in Atlanta, GA: Greystone Brown Real Estate Advisors announced it has closed the $23,450,000 sale of Shamrock Gardens, a multifamily property in Atlanta, GA. Greystone Brown advised the seller, Legacy Shamrock Community and brought the buyer, Alcott Capital, to the deal. The sale was handled by Barden Brown, Cory Caroline Sams, Taylor Brown, Chandler Brown, and Bo Brown, and a $19.3 million loan for the transaction was also provided by Greystone. The transaction was financed with a 10-year Fannie Mae DUS loan.The LURA requires a certain percentage of the units to be occupied by low-income residents until December 2028. Built in 1967, Shamrock Gardens is an all-brick property with 344…