East Point
REAL ESTATE
Metro Atlanta second-most overpriced housing market, analysis says
Metro Atlanta's housing market is overpriced. But hey, at least we're no longer No. 1 nationwide, according to a new analysis.Why it matters: Two Florida economists said overvaluation could make the housing market unaffordable for some — and it could put sellers at risk of losing wealth if and when their home's value levels out.How it works: Researchers from Florida Atlantic University and Florida International University review new Zillow data each month and study it in comparison to data going back to January 2000 to develop a ranking of the top 100 housing markets around the country based on their...
Atlanta at the Top of Renters’ Interest + Review of Findings on Atlanta So Far
Atlanta boasts the most properties saved as favorites, confirming the trend that renters are thoroughly exploring multiple options before making a decision. Among the 150 cities analyzed, apartments in Atlanta are renters’ second most saved searched listings — an important step before signing a lease. High demand, fewer...
Southwyck Homes Now Selling Intown Cottages at Parkside at Clarkston
Premier home builder Southwyck Homes recently announced new single-family Clarkston homes are now selling at Parkside at Clarkston, its latest pocket neighborhood located just five miles from the Decatur Square and walkable to amenities at Milam Park. Priced from the high $400,000s, the 36 homes at Parkside at Clarkston boast 1920s accents for an enriched, historically inspired aesthetic while offering connectivity to many popular nearby destinations.
TA Realty and EdgeConneX to Develop 324 MW Hyperscale Campus in Atlanta
TA Realty LLC, a provider of real estate investment management services, and EdgeConneX, a global provider of data center solutions, announced yesterday the joint development of a 324 MW hyperscale data center campus in Atlanta. In addition to acquiring the site, TA Realty will manage power procurement and secure all necessary utilities, zoning approvals, permits, and entitlements, addressing the complexities and challenges inherent in these processes.
Real estate firm has four historic Neel Reid-designed homes on the market
Harry Norman, REALTORS has added four properties designed by renowned southern architect Neel Reid to its roster of listings. One of Atlanta’s most well-known residential architects in the early 20th century, Reid’s work helped shape the city’s home design landscape. “To own a Neel Reid home is like owning a piece of architectural history,” Jenni Bonura, […] The post Real estate firm has four historic Neel Reid-designed homes on the market appeared first on Rough Draft Atlanta.
New training program launches for emerging real estate developers in Atlanta
A new training program called the Equitable Development Initiative is looking to train investors to bring more affordable housing to Atlanta. The program is being organized by Capital Impact Partners, a community development financial institution (CDFI) and part of the Momentus Capital brand which focuses on financing for disinvested communities. The application period closed on July 12, and applications will now be under review.
Data shows Sandy Springs short on affordable housing
SANDY SPRINGS, Ga. — Metro Atlanta’s crisis of housing affordability is acute in Sandy Springs. That’s the word from Georgia Tech graduate Mira Kaufman who presented a Sandy Springs Homeownership Assessment with the City Council at its July 16 work session. Kaufman, with master’s degrees in city/regional...
The top 10 homes sold during the 1st half of 2024 broke records in a fast-paced market
At the halfway mark, 2024 has already seen the bar raised in many ways for Buckhead real estate. The year started off strong when I sold a home on Knollwood Drive in Tuxedo Park for $9.5 million. The all-cash deal closed on January 17th in a private transaction in which I represented both the buyer and seller. With 11 months left in the year, this home had already topped the highest sale of 2023.
Marcus & Millichap facilitates sale of Hampton Inn Atlanta Fairburn
Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has facilitated the sale of the Hampton Inn Atlanta-Fairburn in Fairburn, GA. “Despite the relatively static state of the market, we successfully fielded multiple offers for the property,” said Chase Dewese, first...
Newmark Brokers Sale of 741-Bed Student Housing Tower Near Georgia State University
Atlanta — Newmark has brokered the sale of Reflection, a student housing high-rise in Midtown Atlanta totaling 741 beds across 247 units. The Class A property is located at 111 John Wesley Dobbs Ave. NE, which is within walking distance of Georgia State University. Ryan Lang, Jack Brett, Ben Harkrider and Bert Sanders of Newmark represented the sellers, Atlantic Capital Properties and ELV Associates, in the transaction. The Scion Group and Brookfield Asset Management purchased the property for an undisclosed price. Built in 2022, Reflection features bed-to-bath parity, designer furniture packages, stainless steel appliances and in-unit washers and dryers. Community amenities include a temperature-controlled saltwater pool with in-water tanning lounges, a jumbotron screen on an elevated deck, outdoor lawn and grilling area, fitness center, modern study and conference spaces and designated entertainment rooms that include gaming systems and table games. Additionally, the property features two retail spaces leased to Center Parc Credit Union and Mochinut, a donut shop. Reflection was 99.6 percent occupied at the time of sale.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.