Real estate news in South Florida
The communities are the Flats at Mt. Zion, a 210-unit apartment community aimed at families with children who attend Mt. Zion elementary and primary schools, and the Villas at Mt. Zion, a 96-unit independent-living property for residents 55 years old and older.
The property is the 11th Atlanta-area asset owned or managed by the purchaser, Bell Partners Inc.
For the first time, iBuyers, also known as instant buyers, clinched 1% of the overall market share of homes purchased nationwide.
“Keep grinding, it will pay off.” — Nathan Minkwic, Real Estate Agent, RE/MAX Around Atlanta
Shirley Gary, of Engel & Völkers Buckhead Atlanta, increased her production in two years from 266.2 transaction sides and $70.1 million in volume to 621 sides and $121.2 million of volume in 2020.
The company purchased the properties for $116 million with the acquisition of Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf in Clarkston, Mableton and Lawrenceville.
“The potential for spaces to transition, such as 41 Marietta going from office to multifamily, will be a trend we will see in the years to come, post-pandemic closures.” — Troy Reynolds, multifamily advisor for NAI G2 Commercial Real Estate.
Both existing-home sales and housing inventory fell during August in Atlanta. But housing starts are up.
The real estate law firm Cook & James firm is adding five new attorneys to their team: Kim Miller, Patrick Watts, Robert Whitesides, Bonnie Timms and Sherri Steiner-Stewart.
RedfinNow, an iBuyer operated by the discount brokerage RedFin, is launching in two new cities: Atlanta, GA and Nashville, TN.