Stone Mountain
REAL ESTATE
Housing is Health
Community members and business leaders gathered at the June 21 Transform Westside Summit centered around the topic “Housing is Health.” The Summit emphasized the interconnection between housing stability and overall health outcomes, and featured insightful discussions from key representatives of Kaiser Permanente, including Stefanie Hurst, Senior Director of Community Health, and Dr. Sylvia Morris, MD, MPH, Hospitalist and Area Physician Market Lead.
Next Set of Apartments Look to Start Construction on Jodeco
Thompson Thrift, a national multi-family builder, announced earlier this month their upcoming project off Jodeco Road. The Levi apartments will be the second apartment complex within Bridges at Jodeco. The new complex will offer 212 units. It will be south of the existing Argento at the Bridges units. ... This...
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.
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.
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...
Protecting homes and rights: Atlanta Legal Aid’s mission in housing advocacy
Matthew Todd, program associate, Housing Funds for the Community Foundation for Greater Atlanta, recently spoke with Jennifer Rentenbach, senior attorney at the Atlanta Legal Aid Society’s Home Defense Program, about the organization’s critical work in housing advocacy, the challenges homeowners experience and the resources available to protect and empower them in the face of rising property values and housing scams. Following are excerpts from their interview.
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.
MarketNsight Reports Pending Sales are Positive Year-to-Year for the First Time Since June 2022
MarketNsight, a leading real estate data and analysis provider, presented its state-of-the-market report and 2024 analysis at MarketWatch last week. Most notably, pending sales moved positive year-to-year for the first time since June 2022. Even with higher mortgage rates (the 30-year Fixed rate is hovering at 6.99%), pending sales have...
William Iacobucci Brings Structured Finance Expertise to Greystone’s Lending Platform as Senior Director of Real Estate Lending
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced that William “Bill” Iacobucci has joined the firm as a Senior Director, Real Estate Lending. In this role, he will leverage his experience as former co-head of Fannie Mae’s Student Housing Finance Team and Structured Finance to lead Greystone’s lending efforts in these areas. Based in Atlanta, Mr. Iacobucci reports to Senior Managing Directors Charlie Mentzer and Brad Waite.
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