Local News

Real estate news in Atlanta

Value of multifamily housing starts up 29% in 2022

The amount of money spent on new construction of multifamily housing has increased year-over-year in Atlanta, according to Dodge Construction Network.

Atlanta ranked 5th-smartest U.S. city

The city tied for second-place with Austin, Texas, in a ranking of U.S. and European cities’ green infrastructure. 

Parkland Communities donates almost $92,000 to local charities

The recipients were Jubilee Christian Church International and Oasis Sober Living. 

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. 

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