AUGUSTA, GA—Greenwich, CT-based Waypoint Residential has acquired the Estates at Perimeter, a 240-unit, Class-A garden-style apartment community at 50 St. Andrews Drive here. The deal is the company's third acquisition in Georgia.

NEW YORK CITY—Real estate development and finance firm Greystone has hired former Extell Development Co. project manager Raphael Inzlicht as vice president of development.

WHITE PLAINS—A European buyer and an American executive recently paid $10.5 million and $5 million respectively to purchase luxury condominium space in downtown White Plains.

ATLANTA—Automaker Mercedes-Benz had at least 23 million reasons why it decided to move here from New Jersey.

WASHINGTON, DC—Fannie Mae, which reportedly was looking to consolidate its headquarters operations to 555 12th St. NW, is now in serious talks with development firm Carr Properties to move its headquarters into a new office building planned by Carr at the corner of 15th and L Streets Northwest.

WASHINGTON, DC—According to a new report by the Metropolitan Washington Council of Governments, the DC region's infrastructure needs will run approximately $58 billion over the next 15 years. Almost 28% of that cost will involve necessary repairs and improvements to the Metro system.

BROOKLINE, MA—An affiliate of Cleveland, OH-based Visconsi Companies, Ltd. has purchased the 1440 Beacon St. multifamily property for $50.15 million from a joint venture of Westbrook Partners and Nordblom Co.

ATLANTA—Construction has begun on the 166-room AC Hotel Buckhead, a joint venture between Noble Investment Group and the Simon Property Group.