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Apartments and Rentals News
Six steps to a smooth rental transaction
The residential rental market is huge and covers the spectrum of real estate from modest to luxury. For prospective tenants who may find themselves in the market for the first time, I have put together these tips: 1. Make Yourself Attractive to a Landlord. Before you begin your search, go ...
Clayton County home sales come roaring back
Skeptics still not convinced the housing market has turned the corner need only ride through what was once considered the epicenter of metro Atlanta’s housing crisis. Individual homebuyers are crowding into Clayton County, where there’s a bidding war for properties. A year ago you couldn’t give away homes to individual ...
Southeast’s largest movie studio planned for Gwinnett site
The developer behind Midtown’s Atlantic Station is planning to build the Southeast’s largest movie studio in Gwinnett County. The new project is the latest of at least five major movie and television studio developments or expansions announced in Georgia this year, begging the question of whether the state could end ...
Cobb neighborhood mirrors regional economy
Dale Nordin and his neighbors are finally close to stepping off metro Atlanta’s economic roller coaster after a grueling ride of five-plus years. Last week, Nordin and other homeowners in the northern Cobb subdivision of Hidden Forest sold their properties to a developer to make way for a long-delayed $300 ...
Big-scale buyers drive housing sales
Deanna Cox arrived at her first foreclosure auction armed with a list of properties she had never seen, with plans to bid for a buyer she didn’t know. Like more than 20 other bidders at the Gwinnett Justice and Administration Center, Cox wore an orange band around her forearm to ...
Offer after offer leads couple to unique Dunwoody home
Brad and Rebekah Daniell desired to find a home with traditional architecture north of the Perimeter. It sounded simple, but over five months they put offers on homes and withdrew contracts after inspections or negotiations. The couple overcame multiple bidders to purchase a foreclosure in a DeKalb County community filled ...
Trying out a Buckhead condo before buying
Leslie Kuban tested out high-rise living, by renting a condo in Paramount at Buckhead for four years. Once she decided she was ready to buy a condo in the city, Kuban didn’t want to leave the area and neighbors who had become her friends.Kuban, 39, a franchise specialist with FranNet, ...
Profit from a unique time in real estate
I got my real estate license in 1978. All we ever knew then was 30-year fixed-rate loans, and the rate was 10.3 percent per annum and the closing costs were exactly 3.3 percent of the loan amount. I sold a lot of houses that were financed under that loan.By the ...
Companies go home-shopping around Metro area
Metro Atlanta’s depressed home prices are drawing the interest of a new type of buyer - companies that buy houses in volume. Such companies have snapped up foreclosures and short sales in the last few months from Gwinnett to Clayton counties, as well homes listed conventionally by realtors. And they ...
Firm: Georgia foreclosure rate tops in U.S. for May
Georgia posted the nation's highest foreclosure rate in May, with one in 300 housing units subject to a notice or repossession, data released Thursday by a real estate firm showed.It was the first time since early 2006, when the overheated housing market had just started to cool, that the state ...
Atlanta's Post Properties shows growth
Post Properties reflected the regional recovery in the apartment business with a first-quarter report showing a gain of $20.9 million, or 39 cents a share, compared to the loss of a penny a share for the same quarter of 2011.The company reported income from the sale of a partial interest ...
Beazer, Kohlberg Kravis Roberts up ante in rental business
Atlanta-based Beazer Homes, a top 10 house-building company, is coupling with investment firm Kohlberg Kravis Roberts to boost the rental business Beazer started as a way to fill foreclosed homes.Beazer is contributing 200 homes worth $20 million from the business to a newly formed real estate investment trust called Beazer ...
Foreclosure notices drop to 3-year low
Foreclosure notices in metro Atlanta counties dropped in April to 7,046, the lowest number in more than three years. "It's the smallest number since December of 2008," said Barry Bramlett, the president of Kennesaw-based Equity Depot, which compiles the monthly count.Bramlett and others are cautious about reading too much into ...
Atlanta's Cortland buys Texas property
Atlanta's Cortland Partners announced Tuesday it bought a 368-unit apartment complex in the metro Dallas region.That makes 26 apartment communities that Cortland Partners has acquired since 2010.While the foreclosure crisis has left the market for owned homes depressed, apartment rentals have grown and so has the business of buying and ...
Cousins swings to loss on property sale plan
Cousins Properties, an Atlanta-based real estate investment and development firm, said Wednesday it plans to sell off certain residential and commercial property -- much of it at a loss -- as part of a strategy to direct cash to new ventures.Cousins reported noncash charges totaling $133.9 million in fourth quarter ...
Bank of America Plaza becomes Atlanta's priciest repo
One of the biggest emblems of Atlanta's real estate boom became the biggest emblem of its bust on Tuesday.Bank of America Plaza, the South’s tallest skyscraper and an Atlanta skyline icon, was taken back by its lender at a foreclosure auction at the Fulton County Courthouse. The 55-story tower, bought ...
Atlanta's office market shows modest improvement
More of metro Atlanta's office space was filled by tenants than was vacated in 2011, the first time that’s happened for a full year since 2008, according to a report released Friday.It wasn’t a big yearly gain in what insiders call absorption -- only 5,138-square feet, about the size of ...
SkyHouse to lift off in Midtown
SkyHouse Midtown, a planned 23-story high-rise apartment tower, is set to break ground, developers announced Wednesday.Financing is in place for the $60 million tower at 12th and West Peachtree streets, and construction will begin immediately, Atlanta-based development partners Novare Group and Batson-Cook Development Co. said in a news release.The new ...
Atlanta real estate firm focuses on development, distressed investment growth
Atlanta-based real estate firm Carter is launching an ambitious new focus, targeting $500 million in potential real estate development and investment opportunities.It’s the latest sign of a thaw among commercial real estate players, though the market in metro Atlanta still has a long way to go.Carter is concentrating its strategy ...
Metro Atlanta apartment rentals rising
More people are renting apartments and rent price are rising, according to ALN Apartment Data."Two years after the multifamily market reached its bottom in the Southeast it looks like things are finally going in the right direction," said ALN President Wayne Williams.As of October, occupancy rates are up nearly 1 ...
Featured listing
Home and garden ideas
Home improvements can upgrade resale value
The new shape of bathtubs
Renovating your bathroom? Make it feel more spa-like by choosing a free-standing tub.
Chipper Jones' Roswell home for sale
Ideas for sheltering the outdoors
Homeowners who thrive on outdoor living are investing in awnings, screens, canopies and pergolas for new or existing homes.
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