Local News

Real estate news in Atlanta

CARROLL promotes investment leader

The Atlanta-based real estate firm is pursuing a “robust” growth plan. 

192-unit community headed for Acworth

The property, to be called Penler Cherokee, will include eight, two-story garden-style buildings on an 18.3-acre site. 

HomeSmart acquires Solid Source Real Estate

The acquisition of the Roswell-based brokerage brings about 2,000 Atlanta-area agents into HomeSmart’s ranks. 

Ascent at Riverdale sold for $20.5 million

The 180-unit garden-apartment community was built in 1972. 

Atlanta home sales drop in December as median price rises

Total housing inventory rose 45.9% from December 2021 to 10,547 units, while new listings fell 26% to 3,845. 

Trilogy Investment promotes executives

The Alpharetta-based build-to-rent developer named a new chief development officer and general counsel. 

Mayor, councilmember push housing subsidy for sworn officers

The $500,000 in funding would be used to encourage firefighters, police officers and corrections officials to live near their workplaces or in their zones. 

First MLS launches Alexa-based property-search engine for the visually impaired

The Finding Homes service, which works on any Alexa-equipped smart phone, allows people to access FMLS real estate listings. 

New Albany manufactured-home community sells for $3.65 million

The community, Mighty Oak, has 118 homesites and sits on 26 acres. 

Duluth apartment community sells for $51.5 million

The community, the 266-unit Paramont Apartments, previously sold for $26.7 million in 2018. 

Georgia ranks No. 8 for growth based on U-Haul rentals

The U-Haul Growth Index showed Georgia was a net importer of residents based on the number of one-way truck rentals to and from the state. 

300-unit community proposed for downtown Hapeville

The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta. 

Decatur’s 55-plus Clairmont Crest community sold

The transaction was funded by a $30.5 million acquisition and renovation loan. 

Fischer Homes hires sales manager for Atlanta division

The new manager has more than 20 years of experience in homebuilding, with stints at Taylor Morrison, Ryland Homes and CalAtlantic Homes. 

Berkadia: Almost 150,000 apartments in Atlanta’s pipeline

The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market. 

Atlanta ranks No. 9 on Zillow’s hottest markets for 2023

The city’s relative affordability in today’s high interest-rate environment helped put it on the list. 

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