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Real estate news in Atlanta
The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc.
Rent growth also slowed in December, posting the lowest monthly increase since February 2020.
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.
The new hire tops a year of exponential growth for the eXp Realty brokerage, which added 30 agents over the preceding 12 months.
One of the two parcels comprising the 340-acre tract is zoned for up to 480 homes.
When completed, the refurbished property will add almost 50 micro and one-bedroom units with modern amenities to the Midtown market.
The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home.
The build-to-rent communities are located in Dallas, Decatur and Winder and will be delivered over the next year.
December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.
“Prospect, stay determined, pray, pay taxes, save money and seek help.” — Akia Shaw, Principal, PalmerHouse Properties – North Druid Hills
Level Craft Construction has historically focused on Avondale Estates, Decatur, Druid Hills, Morningside, Midtown, Oakhurst, East Lake, Candler Park, Edgewood and Virginia Highland.
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.
The acquisition is the first by Grand Oak, a holding company formed to acquire and manage small builders across the U.S.
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.
“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
The Geneva-based investment and wealth-management firm rebranded the asset, which is located at 1000 Ashwood Parkway, as Westmount Ashwood.
