As social activities return to pre-pandemic levels over the summer and beyond, the Atlanta real estate law firm will team up with the Georgia Association of Realtors, the 400 North Association of Realtors, the Cobb Association of Realtors and others in various events.

The company, T.D. Jakes Real Estate Ventures, agreed to purchase the land for an undisclosed amount after almost two months of negotiations with the Local Redevelopment Authority Board of Fort McPherson.

TerraCap Management LLC acquired the property, 23 Thirty Cobb Apartments, in August 2018.

The new director will manage cost controls for materials and labor to help the homebuilder deliver homes affordably, according to a press release.

The median existing-home price for all housing types rose to $350,300 in May, marking another new record. 

The new vice president has 19 years of real estate experience and holds an associate broker’s license under Berkshire Hathaway HomeServices Georgia Properties.

The property, The Life at West Cobb Apartments, is located at 2665 Favor Road and is a 90% low-income-housing tax-credit community.

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Atlanta dipped even further, declining 0.8%, according to the RE/MAX May National Housing Report.

“Don’t be afraid to go outside the box.” — Kamron Engler, Realtor, The Engler Group of RE/MAX Town & Country

Meghann Brackett, who specializes in luxury properties in Georgia’s northeast mountain region, was also named top agent for the state and the #1 Individual Agent for total gross commission income in Georgia during the quarter.

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

The residential portion will be known as the Abbington at Ormewood Park, while the commercial component will be called The Lodge in honor of the historic Masonic Lodge that will be the centerpiece of the development.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

The Worthing Cos. transferred its property-management division to RAM Partners, which will provide lease-up services on all Worthing-sponsored developments.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.