Financial details of the transaction were not disclosed, but Mesa West Capital provided a $92.5 million bridge-financing loan to the acquirer. 

Homebuilders purchased the construction-ready subdivisions with plans to put up 775 badly needed new homes in Dekalb and Gwinnett counties. 

The Realogy brand’s first Georgia outpost came earlier this year with the launch of Corcoran Austin Hill Realty in Savannah. 

Nationally, Compass, Realogy Brokerage Group, HomeServices of America Inc., eXp Realty and Redfin claimed the top five spots by volume, respectively, while HomeServices, Realogy, eXp Realty, Compass and Hanna Holdings Inc. ranked first through fifth by sides. 

The commercial real estate firm’s new office is on the 18th and 19th floors of Buckhead’s Pinnacle Building. 

In dollar terms, investors purchased $2.86 billion worth of Atlanta residences during the quarter, placing the city fourth on Redfin’s rankings. 

The median sales price of a home in the Atlanta metro area rose 1.3% from January to $380,000, Atlanta REALTORS® Association reported. 

Home value appreciation was greater than median annual earnings in most large U.S. metros in 2021, a new Zillow report found, and Atlanta was no exception.

“I don’t find that there are difficult aspects of my job. Real estate provides new and wonderful opportunities everyday to help people achieve their dreams of homeownership.” — Soraya Joud, CEO and team leader, Soraya Joud International Real Estate, Keller Williams Realty Atlanta Partners

The Skyline Apartments community is part of a larger, multi-phase public-private partnership in the Peoplestown area that will ultimately bring 1.8 million square feet of development. 

The 280-unit garden-style multifamily development was acquired for an undisclosed amount by Coral Gables, Fla.-based Beacon Real Estate Group. 

McKinley Homes is boosting its efforts to sell homes at the 22-story condo tower at 788 West Marietta St. 

The acquisition represents the Los Angeles-based investor’s entry into the Atlanta market. 

The division brings participating brokers access to custom marketing campaigns, property branding, specialized advertising and media outreach campaigns, and sophisticated marketing materials. 

The 100%-affordable development will be known as Madison Reynoldstown and comprise two midrise buildings on a 1.2-acre parcel on the corner of Memorial Drive and Chester Avenue. 

In Atlanta, 36 homes sold for at least $100,000 over asking price, up from four in 2021.