It’s a sad day in Atlanta.

Times are tough with the current housing market across America.

Tribute sold 26 units in an unusual one-hour auction Sunday at the Omni Hotel at CNN Center. The developers, Greg and Brian Wohl, decided to go the auction route because the condo market is so sluggish.

In a year’s time, Tribute, which recently won a new-construction award from Atlanta’s Urban Design Commission, has sold less than half its 147 units. Many of the condos put up for auction had been under contract, but the deals fell through.

I few people walked away with some real bargains.

The owners of Studioplex, a live-work loft community carved out of a century-old cotton warehouse in Atlanta’s Old Fourth Ward neighborhood, is adding more than 9,000 square feet of retail space.

The retail building, to be called the Pavilion at Studioplex, is being created out of a separate building out front, on Auburn Avenue near Irwin Street. Renovation of the structure, which will feature dramatic glass curtain walls on three sides, is expected to be complete this fall.

Modern Holdings Inc. has started a magazine that bills itself as a “user’s guide” to living in urban Atlanta.

The quarterly magazine is called LoftLife, New York-based private equity firm Modern Holdings said.

“We are launching during a pivotal time-period when Atlanta’s downtown population is rapidly growing,” said Joe Resudek, publisher. “The desire for open space, good design, and a cultural community coupled with the presence of endless traffic, an increasing environmental conscience, as well as the anonymity and seclusion of the suburbs are the main reasons people are opting for a lifestyle of loft living.”

In the first issue, a cover story explores the history and transformation of The Stacks at Fulton Cotton Mill from its inception to its most recent adaptation as a loft building, and includes images from the home of Marae Simone, an Atlanta-based “condo stylist,” who bought a loft in the historic building because of its industrial allure.