A tornado that was more than one mile wide with wind speeds that reached 170 mph tore through the Newnan-Coweta area.

The luxury multifamily development is the residential component of the Marketplace at Terrell Mill mixed-use project, which is situated near I-75 and Truist Park.

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Atlanta.

The acquirer is a partnership between Chairman and CEO Rick Davidson, who most recently served as global CEO of Realogy Real Estate Services Corp.’s Century 21 Real Estate unit, and private equity firm Aperion Management.

The single-family segment will be led by Tony Chen, the former vice president, chief of staff and head of office of strategic initiatives at Atlanta’s FirstKey Homes.

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline. 

The five-story, wood-frame building will be located on the future Westside Beltline Trail and one mile away from the Westside Reservoir Park at Bellwood Quarry.

Georgia MLS’s monthly survey of the 12-county metro area also found that sales volume was strong, up 44.2% year-over-year to $2.64 billion.

In 40% of metro areas analyzed, first-quarter home prices hit new peaks or tied previous ones, according to ATTOM Data Solutions’ first-quarter 2021 U.S. Home Sales Report. 

The three-story building at 1223 Canton will replace a single-family home that, like its neighbors, has been converted to office use.