Local News
Real estate news in Atlanta
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.
“Be consistent.” — Yoana Vasileva, Realtor, Coldwell Banker Realty
Plans for the downtown development call for 320 residences, 85% of which will be designated affordable, plus new space for the church’s Atlanta First Day School, a new fellowship hall and street-level retail.
Infinity Real Estate Advisors LLC used two loans aggregating $60 million to make the acquisitions.
The firm will be known as Ansley Christie’s International Real Estate as part of its recent affiliation with Christie’s International Real Estate.
