Durham’s Dilweg teams with New York Life to buy troubled Atlanta buildings for $85M

By Amanda Hoyle

Durham real estate investment firm The Dilweg Companies on Monday closed on its joint venture purchase of three bank-owned office buildings in Atlanta’s North Fulton submarket for a combined price of $85.25 million.

The seller of the three buildings in the Royal 400 office park, was an affiliate of Wells Fargo bank, which had taken ownership of the buildings through foreclosure in 2013.

According to The Dilweg Cos., the acquisition was completed in partnership with New York Life Real Estate Investors,… …read more

From:: biz journal foreclosures

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