Atlanta, GA

Metro Atlanta becomes hotbed for real estate investors

Published

3 years ago

June 2, 2022

Metro Atlanta becomes hotbed for real estate investors

Firms that purchase and hire massive numbers of houses — and generally tack on charges and charge-backs that may drain tenants’ funds — are gobbling up massive chunks of metro Atlanta’s already tight real-estate market.

Why it issues: Residence possession is a component and parcel of the American dream and a key driver of wealth.

State of play: Giant-scale institutional traders can transfer swiftly to buy houses, typically placing down money provides to edge out conventional consumers. They then hire out these homes.

In some circumstances, building corporations construct single-family developments and promote them to institutional traders or personal fairness teams to supply as leases.

4 firms — Invitation Houses, American Houses 4 Lease, Tricon Residential and Entrance Yard Residential — personal greater than 27,000 single-family houses in metro Atlanta, Desiree Fields, an assistant professor on the College of California-Berkeley, mentioned.

The large image: Institutional traders that personal greater than 50 houses dampened native homeownership charges in metro Atlanta, says Brian An, an assistant professor at Georgia Tech, with Black would-be homebuyers significantly pushed out.

On the bottom: In School Park, 65% of residents are renters, School Park Mayor Bianca Motley Broom advised the discussion board, and a latest improvement challenge in her metropolis that was deliberate as “construct to promote” modified to “construct to hire.”

Cobb County Chair Lisa Cupid mentioned the subject of affordability is a lightning rod amongst her colleagues and the neighborhood, and that investor exercise creates disparities together with race and revenue.

What’s subsequent: Earlier this 12 months, Georgia Home reps created a committee to check rules and inexpensive housing earlier than the following legislative session.

Audio system on the discussion board mentioned they anticipate institutional investor possession of houses to be on the agenda.

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Atlanta, GA

Bulls fall to Atlanta Hawks, lose for 4th time in 5 games

Published

6 hours ago

January 16, 2025

Press Room

Bulls fall to Atlanta Hawks, lose for 4th time in 5 games

CBS Sports HQ

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CHICAGO (AP) — Keaton Wallace had a career-high 27 points and the short-handed Atlanta Hawks beat the Chicago Bulls 110-94 on Wednesday night.

Wallace nearly doubled his previous high of 14. He made four 3-pointers and had six assists.

Daeqwon Plowden scored 19 points in his NBA debut after being called up from the G League’s College Park Skyhawks.

Dyson Daniels scored 18 points, and Onyeka Okongwu added 14 points, 13 rebounds and seven assists to help the Hawks win for the third time in four games even though Trae Young sat out due to a bruised right rib. The three-time All-Star was hurt against Phoenix on Tuesday night when he scored a season-high 43 points in a 122-117 win.

Coby White scored 16 points for Chicago. Zach LaVine had 15, and Nikola Vucevic added 14 points and 16 rebounds.

Takeaways

Hawks: Young, averaging 23.1 points and a league-leading 11.9 assists, was part of a lengthy list of sidelined Hawks. It included Jalen Johnson (right shoulder inflammation), De’Andre Hunter (left foot soreness), Larry Nance Jr. (right hand) and rookie Zaccharie Risacher (left adductor irritation).

Bulls: The Bulls simply couldn’t find much of a rhythm and lost for the fourth time in five games.

Key moment

Wallace scored 18 in the first half as the Hawks built a 61-47 lead.

The 6-foot-3 guard had eight points in a 15-0 run early in the second quarter that gave Atlanta a 42-27 lead. The Bulls got within four late in the half before the Hawks scored 13 straight, capped by Okongwu’s alley-oop dunk to make it 59-42 with 1:30 left. Okongwu also put back Bogdan Bogdanovic’s missed 3 in the closing seconds to send Atlanta to the locker room up by 14.

The Bulls went on a 12-2 run in the third to pull within 72-67 with about five minutes left in the quarter. The Hawks led by eight going into the fourth and remained in control from there.

Key stat

Both teams struggled from 3-point range, with the Hawks making 13 of 43 and the Bulls going 6 for 27.

Up next

The Hawks visit Boston on Saturday night, and the Bulls host Charlotte on Friday night.

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Atlanta, GA

Biden shares Eisenhower's concern about military-industrial complex

Published

14 hours ago

January 15, 2025

Press Room

Biden shares Eisenhower's concern about military-industrial complex

During President Biden’s farewell address, he quoted former President Eisenhower’s farewell address from 1961, and said he was equally concerned decades later about the dangers of the military-industrial complex and misplaced power.

Posted January 15, 2025 8:41pm EST

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Atlanta, GA

Frankie Mulinix brings Butoh dance to Atlanta

Published

22 hours ago

January 15, 2025

Press Room

Frankie Mulinix brings Butoh dance to Atlanta

Atlanta’s dance scene is vibrant and eclectic, and we are honored to highlight some of the many local dancers who move us with their movements in our ongoing series “Speaking of Dance.”

This edition highlights Atlanta performer, Frankie Mulinix, the founder and artistic director of Burning Bones Physical Theatre. She specializes in the evocative Butoh, a 1950s-era Japanese dance-theater art form that blends German expressionism, mime, and European philosophy to explore taboo subjects through dance.

For Mulinix, discovering Butoh during her undergraduate studies was transformative. “My body said, this is home,” she shared.

As an artist-in-residence at Windmill Arts, Mulinix is dedicated to building Atlanta’s Butoh community from the ground up, educating audiences about its history and global significance. Her work aims to transform emotion into experience, creating visceral performances that resonate deeply with performers and audiences alike.

Burning Bones Physical Theatre has an exciting 2025 season planned, with more information at Frankie Mulinix’s website here.

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