Local News

Real estate news in Atlanta

Blackstone unit acquiring seven Atlanta apartment communities as part of $3.7 billion deal

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

22 townhomes slated for development in Almond Park

The new infill development is slated for a 1.57- acre site on Atlanta’s Westside, which has seen a surge of interest since the opening of the WestSide Reservoir Park and plans for a large Microsoft corporate center.

Collette McDonald & Associates brings local real estate vet on board

The new hire tops a year of exponential growth for the eXp Realty brokerage, which added 30 agents over the preceding 12 months.

Developer buys LaGrange land for $5.7 million with plans for massive mixed-use development

One of the two parcels comprising the 340-acre tract is zoned for up to 480 homes. 

Group to refurbish 90-year-old garden apartments in Midtown

When completed, the refurbished property will add almost 50 micro and one-bedroom units with modern amenities to the Midtown market.

Georgia No. 1 state to own a ‘tiny home’

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home.

Single-family rental landlord Quinn Residences picks up three Atlanta communities

The build-to-rent communities are located in Dallas, Decatur and Winder and will be delivered over the next year.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Akia Shaw

“Prospect, stay determined, pray, pay taxes, save money and seek help.” — Akia Shaw, Principal, PalmerHouse Properties – North Druid Hills

Women-owned construction firm expands into Buckhead and other points north

Level Craft Construction has historically focused on Avondale Estates, Decatur, Druid Hills, Morningside, Midtown, Oakhurst, East Lake, Candler Park, Edgewood and Virginia Highland.  

60 townhomes headed for East Atlanta in new Brock Built development

The community is located on the corner of Eastland Road and Lake Drive and abuts Glen Emerald Park, which includes 28 mostly wooded acres surrounding a lake.

Atlanta building firm acquires Kansas homebuilder

The acquisition is the first by Grand Oak, a holding company formed to acquire and manage small builders across the U.S.

December brings cooling apartment rents to some parts of metro Atlanta

Decatur and the city of Atlanta saw the greatest monthly declines in the median rent for a one-bedroom apartment in December, while Smyrna and Alpharetta had the greatest increases, online listing agent Zumper reported.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Switzerland-based firm picks up 160-unit Perimeter apartment community

The Geneva-based investment and wealth-management firm rebranded the asset, which is located at 1000 Ashwood Parkway, as Westmount Ashwood.

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