September Real Estate Briefs
Dean Gardens, the city’s most expensive home, has been sold by Atlanta Fine Homes Sotheby’s International Realty. Offered for $13.9 million, listing agents Suzanne Close and Jason Dean of the firm’s North Atlanta office negotiated the transaction. According to CEO Jenny Pruitt, “This sale represents the highest purchase price for any residence in the Atlanta area since the sale of the Dobson estate, Descante, on Tuxedo Road, also completed by Atlanta Fine Homes Sotheby’s International Realty.” Located in Johns Creek, Dean Gardens is a 32,000 square foot Neo-Classical mansion that sits on 58-acres with 1,200 feet of Chattahoochee River frontage, complete with Versailles-styled gardens. At press time it was revealed that that film director and actor Tyler Perry had purchased the home, which appeared on Joan River’s television series How’d You Get So Rich?, and planned to demolish it to build his own home on the site. www.atlantafinehomes.com
Renewal Design-Build will host two free seminars in September for homeowners who are thinking of renovating due to the economy. “Remodeling in Today’s Economy” will be held Thursday, Sept. 9, at 7 p.m. and “Kitchen and Bath Design Trends” will be Tuesday, Sept. 14, at 7 p.m. Both will be held at the company’s headquarters in Decatur. Following each seminar, Renewal’s award-winning design team will be available for a free consultation. Due to limited space, it’s important to reserve seats as soon as possible. To reserve space call (404) 378-6962 or e-mail info@RenewalDesignBuild.com.
Asset management consortium ST Residential – led by Starwood Capital Group, TPG, WLR LeFrak and Perry Capital – selected Atlanta to kick off a nationwide rollout of its real estate portfolio. ST was formed after the Chicago-based Corus Bank failed in 2009. The FDIC was named the receiver and thus the asset owner of numerous residential real estate assets and construction loans. In Atlanta that included six condominium communities: The Atlantic in Atlantic Station, The Brookwood in Buckhead, Luxe in Midtown, Serrano in Sandy Springs; One River Place and Horizon at Wildwood in northwest Atlanta. ST will be working to sell the properties to homeowners. www.stresidential.com
Brayden Capital Home Loans has opened a Midtown branch at the corner of 17th and Spring streets. The team includes branch manager Nick Yeargin, Kevin Sechrist, Kim Nehiley, Scott Meldrum, Barry Galvin, Brent Turner and Nikki Lamb. Brayden Capital Home Loans offers a wide variety of loan programs, including in-house processing and underwriting. www.braydencapital.com
Retail real estate investment company HT Group has launched a brokerage division, offering third-party management, leasing and consulting to the retail commercial real estate market HT Group was founded by members of three respected Atlanta real estate families, the Halperns, Taylors and Altermans. HT Group’s principals are Marty Halpern, president; Chuck Taylor, CEO; and Michael Alterman, COO. Halpern and Taylor formed the partnership 13 years ago, and Alterman joined in mid 2009 to expand HT Group’s services and run day-to-day operations. HT Group owns the Mall at West End in southwest Atlanta – which is 97 percent leased – and has acquired five retail properties comprising more than 360,000 square feet in Georgia and Tennessee in the last 18 months. The recent additions bring HT Group’s portfolio to 23 properties in the Southeast. In that time, the company has signed 46 leases for 170,000 square feet of its retail space. www.htgroup.com
Vinings Main received Federal Housing Administration (FHA) approval for its home loans, which means prospective homeowners can now purchase a condominium with as little as 3.5 percent down. Since April, Vinings Main has closed on nearly 20 homes per month, meeting the FHA requirement that 51 percent of the units are owner-occupied. The development offers one- and two-bedroom, as well as two-bedroom with a den, large condominium homes ranging from 897 to 1,868 square feet situated in three mid-rise controlled-access buildings with elevators and a controlled-access parking garage. www.viningsmain.com
Paige Earles, owner of Pearle Staging & Design in Midtown, received national recognition by the Real Estate Staging Association, earning the prestigious 2010 Rookie Stager of the Year award. She was selected from more than 100 rookie members. www.pearlstaginganddesign.com
James W. Brand is the newest agent at The Vawter Group, part Atlanta Fine Homes Sotheby’s International Realty. Most recently sales manager of Trillium, LLC, the Cashiers, North Carolina luxury mountain home community, Brand has over 25 years experience in sales in both Georgia and North Carolina.