Construction Maison

Avalon in Alpharetta features high -end apartments above retail shops. JONATHAN PHILLIPS / SPECIAL The average rent in metro Atlanta is on the rise. The most expensive rentals are in neighborhoods like Buckhead, Lenox and Lullwater where average costs are between $1,612 and $1,712. Atlanta area residents seeking lower rents should head to neighborhoods like Chosewood Park, Peoplestown or Lakewood Heights where the average rent of $650 falls well below the Atlanta average of $1,203 per month, according to data from rentcafe.com . While rental costs have gone up, they haven’t gone up as much as housing prices and rent in Atlanta is still relatively affordable compared to other metro areas . But for many renters, cost is only part of the equation when seeking a place to live.  Rent (85%),  location (81%) and community environment (49%) are among the top factors that renters look for according to new data from Village Green’s National Renter Profile . In the Atlanta metro area , 68% of r...

ATLANTA, GA - StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272- unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group , LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan .Built in 1980 and extensively renovated, Veridian is located at 1800 Windridge Drive within the Perimeter Center , a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center , with more than 123,000 employees, 31 million square feet of office space, three major hospitals , and six million SF of retail space including the 1. 5 million SF Perimeter Center Mall .“Having acquired a neighboring apartment community , 550 Abernathy, earlier this year, we remai...

ATLANTA -- The Atlanta Apartment Association (AAA) members are throwing their 24th Annual Can Can Ball with a theme inspired by The Great Gatsby.  Come jazzed up in glitter and gold attire, and be prepared to time travel back to the roaring 20’s at this black- tie optional event . The AAA, a multi- family housing trade association in metro Atlanta, invites association members , apartment community vendors , Atlanta residents and Food Bank supporters to participate and help raise funds to provide food assistance to the hungry. Can Can Ball 2014 will take place Friday, August 22 from 8 p.m. to midnight at The Sheraton Atlanta Hotel at 165 Courtland Street NE in Downtown Atlanta. Guests will enjoy an evening full of excitement, including live entertainment for dancing the night away, a selection of delicious light fare from Atlanta-area restaurants, a cash bar and fabulous silent auction items . Event co-chairs are Karen Nelson of Pinnacle and Eric Coryer of Ready Fitness. Last y...

The RADCO Cos. completed its seventh acquisition of the year with the closing of the 260-unit Ashford 6860 in Norcross, Ga. RADCO financed the $22 million transaction with private capital and debt furnished by Hamilton State Bank . The company’s proprietary management platform , RADCO Residential, will manage Ashford 6860. Located at 6860 Bebout Drive on roughly 13 acres in Northeast Atlanta, the Class B asset is just a few miles away from interstates 285 and 85. Ashford 2860 is minutes from major retail outlets such as The Forum and Sugarloaf Mills, Gwinnett Place Mall or Sugarloaf Marketplace. Built in 1974, Ashford 6860 consists of 15 two- and three-story buildings. Averaging 874 square feet , the garden- style apartments feature 147 one-, 117 two- and 16 three-bedroom floorplans. According to Yardi Matrix data , amenities include: swimming pool clubhouse fitness center expansive greenspace tennis court playground 450 parking spaces Renovation plans   Formerly known as Tuscana A...

Praxis Capital has acquired Clarkston, Georgia-based Birch Run Apartments , an 198-unit property for an undisclosed sum. However, Praxis is planning on investing $3 million to renovate and upgrade the property. PRESS RELEASE SANTA ROSA, Calif., Aug. 22, 2017 /PRNewswire/ — San Francisco area based Praxis Capital , Inc. is pleased to announce that it has acquired the 198-unit Class B Birch Run Apartments in Clarkston, Georgia. This is the company’s first acquisition in the Atlanta metro. Praxis plans to build a portfolio of approximately 2,000 units in this market. The Praxis executive team , possessing more than $6.3 billion of transactional experience in the multifamily sector, including institutional management of more than 90, 000 apartment units , seeks to build a large portfolio of Class B/C workforce housing, consistently unlocking embedded value in multifamily real estate . Praxis also looks to expand its relationships with Family Office and Institutional JV Equity sources ...

A new study maintains that two-thirds of Denver renters plan to move to another city, a figure higher than the national average, with most listing high rent costs in the Mile High City  as the main reason. At the same time, however, so many people from other places want to move here that the actual number of renters in Denver is likely to remain steady in the near future and could actually rise. These are among the findings in a provocative report from Apartment List. As laid out in the following Q&A with analyst Sydney Bennet , who was heavily involved in the project, renting Denverites have a variety of reasons for wanting to relocate. But the number of those who are considering such a move because of long commute times or concerns about safety, for instance, pale in comparison to folks who simply are having a hard time stretching their dollars far enough to keep a decent roof over their head. As the study notes, the 67 percent of Denver renters who are looking at other lan...

MARIETTA, GA. - An alleged member of the Gangster Disciples street gang , who have a long history in the metro Atlanta area , is facing life in prison for his role in a 2015 murder in Austell. A Cobb jury found that Darius Jarrell Dunn , 25, was one of two shooters involved in the death of Anthony Tavarez at an apartment complex on Shenandoah Trail. Tavarez, 23, was shot in the back during an armed robbery shortly after midnight on Sept. 16, 2015. Two codefendants pled guilty to their roles in the case as the trial was scheduled to begin. All three defendants are associated with the gang, prosecutors say. ► RELATED : Prosecutors: ' Gangster Disciples ' gang members killing spree detailed Dunn was convicted of malice murder, felony murder, armed robbery, aggravated assault, violation of Georgia’s street gang terrorism and prevention act, and possession of a firearm during commission of a felony. Cobb Superior Court Judge S. Lark Ingram set sentencing of Dunn for 1:30 p.m....

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

Fort Lauderdale , Fla.—Greystar has begun construction on Elan 16Forty, a new 261-unit, mid- rise apartment community in Fort Lauderdale ’s growing downtown district , which will also offer 2,300 square feet of retail space. “Elan 16Forty will be minutes from the beach, Galleria shopping, Hollywood Park, the Las Olas district and downtown,” Gary Wallace, Greystar’s managing director of development, tells MHN . “It is the latest community we have developed under the Elan brand.  Elan communities embody Greystar ’s philosophy of developing stylish, high- quality apartment homes in distinctive locations.” Elan 16Forty will offer a variety of one-, two- and three- bedroom floor plans ranging in size from 686 to 1,599 square feet of living space. Units will include stainless steel appliances , custom kitchen islands with European cabinetry, granite countertops with under mount sinks, pendant lighting, bamboo flooring in living areas, contemporary carpeting in bedrooms and ceramic tile ...