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This Week in Real Estate: Atlanta neighborhood themes, Walker & Dunlop’s newest acquisition and more

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As one of the largest cities in the United States, Atlanta is home to a huge number of businesses. Apartmentguide.com used data from 35,000 business listings to characterize the different neighborhoods of Atlanta — identifying the areas more popular amenities and common businesses.

Restaurants, unsurprisingly, is the most common with a little under 2,400 establishments in the city, followed by beauty salon. While no single neighborhood can stake a claim in the restaurant scene, “American” is the most popular type of cuisine. Deli and pizza come in second and third while Japanese and bakery comes in last.

Shopping has a different take, however. Lenox Square, Perimeter Station and Northlake Mall areas offer more choices as they are home to large shopping malls and boutiques. The neighborhoods south of downtown own a disproportionate amount of grocers compared to department stores and boutiques.

For those looking for businesses that cater to families, Atlanta’s southern neighborhoods may be their best bet. From child care to schools and youth organizations, many of the southern neighborhoods hold the most, contrasting with Atlanta’s north side.

In other real estate news:

  • Current renters at the Park at Peachtree Memorial may have to vacate in the next 120 days, unless they choose to purchase a unit. The renters said messages and emails to apartment management have went unanswered. The 1920s apartments are listed by Matrix Residential. It is not yet known if this conversion from apartment to condo will include a total renovation.
  • The Atlanta satellite of the Real Estate Associate Program (REAP) recently hosted its trade association night. The event provided a network opportunity with REAP alumni and representatives. Students were introduced to real estate associations to help boost their careers.
  • Glenwood Park laid the foundation to a new townhome, which will include a retail strip. The two-unit project is being marketed as “home office” instead of usual retail. Walter Brown, co-developer, said ground-floor units will be used for professional offices. The townhome will be three stories with the second and third floors as living space. Each unit will offer three beds and three baths. The units are expected to be listed in 2019 with occupancy expected in March 2019.
  • Walker & Dunlop acquired iCap Realty Advisors, an Atlanta based mortgage banking firm. iCap’s five bankers, brokers and support staff joined Walker & Dunlop’s Capital Markets, including managing directors Alfie Means and David Collie. The iCap team now joins a network of 700 real estate professions in 29 offices.
  • Wood-Mode Fine Custom Cabinetry opened its second Wood-Mode Lifestyle Design Center. The 2,500 square foot showcase is at the Atlanta Decorative Arts Center. The center displays features the latest products in the Wood-Mode and Brookhaven cabinetry lines, along with other kitchen design brands like Sub-Zero, Kraus and others. Brooks Gronland, Wood-Mode president and COO, said they’ve done well with the design center. “Our sales representatives and dealers have enjoyed great success with the Wood-Mode Lifestyle Design Center in Chicago and it’s time to bring this same model to the southeast,” Gronlund said.

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