Now Atlanta has its own Commercial Real Estate Show

Michael Bull

ATLANTA, GA — Now Atlanta has its own commercial real estate show. Atlanta’s Commercial Real Estate Show debuted this month on Salem Media’s AM 920 The Answer.

The show provides market intelligence, analysis, forecasts, advice, and opportunities specific to Atlanta for business leaders and property owners.

The weekly half hour show airs on the radio at 12:30 on Sunday afternoons and broadcasts on-demand on iTunes, YouTube and the show website www.ATL.show.

The show host is Michael Bull, a licensed broker in nine southeast states and founder of commercial real estate services firm Bull Realty here in Atlanta. He has been an active commercial real estate advisor in Atlanta for 30 years and has closed over $5 billion in transactions.

Michael is also host of the successful long running America’s Commercial Real Estate Show. The weekly show has been on-air since 2010. Last month 120,000 people listened or watched the national show online alone.

For a complete copy of the company’s news release, please contact:

Melissa Henry at 404-876-1640 x 110 or Info@AKBmedia.com. AKB Media Partners also produces America’s Commercial Real Estate Show (www.CREshow.com).

ATTOM Data Solutions Ranks Best Markets for Buying Single Family Rentals in 2017

Daren Blomquist

IRVINE, CA — ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its Q1 2017 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2017.

The report analyzed single family rental returns in 375 U.S. counties each with a population of at least 100,000 and sufficient rental and home price data, along with more than 6,000 U.S. zip codes with a population of 2,500 more and sufficient rental and home price data.

 Rental data was from the U.S. Department of Housing and Urban Development, and home price data was from publicly recorded sales deed data collected and licensed by ATTOM Data Solutions.

The average annual gross rental yield (annualized gross rent income divided by median purchase price of single family homes) among the 375 counties was 9.0 percent for 2017, down from an average of 9.1 percent in 2016.

“While good returns on single family rentals are hard to come by in high-priced coastal markets and in some other housing hot spots such as Denver and parts of Dallas, Austin and Nashville, solid returns on single family rentals will continue to be available in many parts of the Southeast, Rust Belt and Midwest for investors purchasing in 2017,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

“And single family rentals should continue to yield strong returns in many parts of the country going forward given the market undercurrents of low rent-ready housing inventory and low homeownership rates.

“Average fair market rents increased in 2017 in 86 percent of the markets we analyzed even while average wage growth outpaced rent growth in 67 percent of markets — a recipe for sustainable growth in the rental market.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@attomdata.com

Seasoned Real Estate Industry Veterans Bonneau Ansley and David Tufts Form Anslely Developer Services in Atlanta, GA

David Tufts

ATLANTA, GA – Driven by explosive growth, Ansley Enterprises announces the formation of Ansley Developer Services (ADS), creating one of the largest new home sales and marketing companies in the Southeast, comprised of a powerhouse team of real estate professionals.

Ansley Enterprises Founder and CEO, Bonneau Ansley, one of the top producing real estate agents in Atlanta and the nation, and seasoned industry veteran David Tufts are partners in this new venture, which leverages their combined 30-plus years of unparalleled market knowledge and innovative strategic insights to new home and mixed used developments and condominium projects.

The announcement comes on the heels of Ansley’s and Tufts’ purchase of The Marketing Directors Southeast, last year. Today, Tufts has been named president of Ansley Enterprises.

“David’s deeply-rooted experience in the Southeast, creating a one-stop sales and marketing platform for developers, has allowed our full-service agency to grow exponentially and function synergistically,” said Ansley. “By expanding our expertise in development marketing, we’re offering buyers every imaginable real estate service from first-time homebuyers to empty nesters, new construction and everything in between.”

ADS offers a comprehensive platform of development marketing and technology services, including market research and analysis; project planning, positioning, and design development; marketing strategy development and execution; on-site sales and leasing; and development consulting. ADS will synergistically function alongside Ansley Atlanta Real Estate, which has experienced unprecedented growth and is track to continue an upward trajectory throughout the Southeast.

Bonneau Ansley

“This bold move will forge a powerful force offering our clients state-of-the-art development services,” said Tufts. “Our innovative platform will offer unprecedented access to the latest technology and market insights in real-time.”

Since launching Ansley Enterprises in 2016, Ansley has grown the luxury residential brokerage firm, Ansley Atlanta Real Estate, to a staggering 77 agents and staff. 

The average Ansley Atlanta Real Estate agent sells over $5 million annually. Currently, ADS retains over $1.15 billion in projects including Broadview Place , Buckhead Park, MODA on Church, Newport Beach Club, The Residences at Turner Hill, Emerald Greens, located in Gulf Shores, Ala., and most notably, Pinewood Forrest.

For a complete copy of the company’s news release, please contact:

EMMA CATHEY

PUBLICIST

LIZ LAPIDUS PR

O | 404-688-1466

C | 678-588-1661

FOLLOW US @lizlapiduspr

FOLLOW ME @emmacarolinec

772 Edgewood Ave, NE

Atlanta, Georgia 30307

Construction Underway at Merrick Manor in Coral Gables, FL

Rendering of planned Merrick Manor Apartments, 301 Altara Avenue,
 Downtown Coral Gables, FL

Henry Torres

CORAL GABLES, FL – Pioneering Miami developer The Astor Companies has started vertical construction at Merrick Manor, a luxury residential project rising in the heart of Coral Gables. Work is well underway at the 301 Altara Avenue site of the 10-story, 227-residence project.

The Mediterranean villa-style building is on track for a scheduled completion during the first quarter of 2019. Prominent architecture firm Behar Font & Partners, P.A. designed the building, with Witkin Hults Design Group providing landscape design.

 Renowned South Florida-based interior design firm Interiors by Steven G. has continued a longstanding relationship with Astor by designing unit interiors at Merrick Manor. Jaxi Builders of Doral is the project’s general contractor.

“We are incredibly excited to move forward with the construction of Merrick Manor,” said Henry Torres, President, CEO and Founder of The Astor Companies. “This project is bringing a convergence of location, elegance, comfort and luxury to Coral Gables. That formula has resulted in widespread interest from local, domestic and international buyers.”

More than 50 percent of the project is under contract, with prices for remaining units starting in the $500,000s and ranging up to $3 million. Units range from 574 square feet to more than 3,400 square feet and are equipped with impact-resistant windows and doors. The project also includes 19,000 square feet of prime ground-floor retail space.

 For a complete copy of the company’s news release, please contact:

Todd Templin: ttemplin@boardroompr.com, 954-290-0810

Eric Kalis: ekalis@boardroompr.com, 305-794-5123

www.astorcompanies.com

Facebook: https://www.facebook.com/MerrickManor/

Visit Merrick Manor project Sales Gallery at 4200 Laguna Street, call (305) 779-6870 or email info@merrick-manor.com.

Stepp Commercial Completes $3.18 Million Sale of 24-Unit Palmdale Apartments Propert in Downtown Long Beach, CA

Palmdale Apartments,  845 East 6th Street, Downtown Long Beach, CA

 

Robert Stepp

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the nearly $3.18 million sale of Palmdale Apartments, a 24-unit property located in the East Village Arts District of Downtown Long Beach.

Robert Stepp and Michael Toveg of Stepp Commercial, represented the private seller from Riverside, Calif., as well as the buyer, Beverly Hills-based, Forward 6th Street Investments, LLC. The property closed at a 4.57 percent cap rate and a price per unit of nearly $132,500.

Built in 1924 and located at 845 E. 6th Street, the two-story property consists of 23 studio units and one two-bedroom unit.  The property was renovated recently to include hardwood floors and granite countertops in all of the units.

“This property is very close to prime Downtown Long Beach and is within the East Village Arts District, a neighborhood that is rapidly growing.

" New shops, restaurants and entertainment venues are opening on a monthly basis here, and are attracting young professionals looking to experience an urban, amenity-rich lifestyle,” said Stepp.

Michael Toveg

The buyer plans to add value through additional renovations to the exterior common areas as well as unit upgrades.

 Stepp Commercial is a brokerage firm specializing in the multifamily sector for properties ranging in size from $1 million to $50 million in Long Beach. 

Stepp Commercial’s mission is to provide apartment owners with a fully integrated sales platform that includes comprehensive market knowledge and local real estate expertise to successfully complete any type of multifamily transaction.

Specializing in one key market gives Stepp Commercial a competitive advantage which accelerates and ensures client success. For more information visit

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

949.278.6224

www.SteppCommercial.com