Doctors resign from AAFP over Coke deal Oct 31, 2009
Doctors resign from American Academy of Family Physicians over Coca-Cola alliance - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Commercial builders in survival mode Oct 31, 2009
And 2010 may be even worse for the industry, as banks remain unwilling to lend money for new commercial real estate projects with so many toxic loans left to purge. The largest general contractors may have to continue cutting jobs next year, as they finish remaining projects with few prospects on the horizon. (Atlanta Business Chronicle, GA)
Bank regulators warn about CRE problems Oct 31, 2009
Bank regulators encouraging commercial real estate workouts - Atlanta Business Chronicle ... Bank regulators encouraging commercial real estate workouts ... Federal bank regulators urged lenders Friday to modify souring commercial real estate loans, which are of growing concern to bankers and examiners and a mounting threat to the industry. (Atlanta Business Chronicle, GA)
Kathy Betty new owner of Atlanta Dream Oct 30, 2009
The Dream was owned by Ron Terwilliger, a multifamily residential real estate developer who in 2007. But the Dream came precariously close to no longer being in Atlanta. (Atlanta Business Chronicle, GA)
McIntosh Bancshares under regulatory order Oct 30, 2009
The banking company said the order was as a result of the bank s concentration on real estate acquisition, development and construction loans, and in light of the economy ... All have suffered from the fallout of the real estate collapse, and scores of banks statewide are under some form of regulatory order to improve their operations. (Atlanta Business Chronicle, GA)
CB Richard Ellis 3-Q profit plummets 70% Oct 30, 2009
Net income fell nearly 70 percent during the third quarter at , as the commercial brokerage firm continued to suffer from the worldwide slump in real estate. Net income, excluding one-time charges, declined to $12. (Atlanta Business Chronicle, GA)
Interior OKs MLK memorial on National Mall Oct 30, 2009
Interior OKs Martin Luther King Jr. National Memorial - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
House bill includes public option, mandate Oct 30, 2009
House health care reform bill includes public option, mandates - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
DeKalb ethics panel gets two new members Oct 29, 2009
DeKalb CEO Burrell Ellis has appointed Isaac Blythers, the former president of Atlanta Gas Light, and Bobbie Kennedy Sanford, a real estate agent and widow of former county commissioner Porter Sanford, III, Ellis spokesperson Shelia Edwards said Wednesday. They replace Veronica Higgs Cope and Aubrey Villines, Edwards said. (Atlanta Journal-Constitution -- Metro)
Perdue to moderate GA business summit Oct 29, 2009
Perdue to moderate health care, energy summit - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Offices could be vacant for years Oct 29, 2009
Nationally, office vacancies rose another half point during the third quarter, to 16 percent, according to the third quarter office report from global real estate services firm Colliers International ... Access to the financial markets is nearly frozen as lenders and developers find themselves under siege for too many bad loans related to real estate ... For example, American United Bank in Lawrenceville failed last week amid huge real estate losses. (Atlanta Journal-Constitution -- Business)
Wachovia sues Wayne Mason over loan default Oct 29, 2009
Mason has long been one of suburban Atlanta s most prolific real estate deal-makers, best known for buying large tracts and selling them to commercial and residential builders. He bought and sold the land that later became home Discover Mills in Duluth and brokered many other deals for subdivisions and shopping centers. (Atlanta Journal-Constitution -- Business)
Power Breakfast: Office vacancies keep rising, Delta, CCE, Wachovia, stimulus Oct 29, 2009
This recession has really clobbered commercial real estate here. AJC reporter Gertha Coffee writes that it to fill all the vacant office space in metro Atlanta. (Atlanta Journal-Constitution -- Business)
Congressmen to hold hearing in Atlanta on banking, real estate Oct 28, 2009
WASHINGTON -- Members of Congress are coming to Atlanta to see and hear first hand just how bad the state's banking and real estate industries are these days ... Dennis Kucinich, a liberal Democrat from Ohio, and Lynn Westmoreland, a conservative Republican from Coweta County, plan to hold a public hearing at the Georgia State Capitol Monday about how the high rate of bank failures in Georgia is affecting commercial and residential real estate markets ... Most have been small community banks, a... (Atlanta Journal-Constitution -- Business)
Consumer confidence erodes in October Oct 28, 2009
Conference Board: Consumer confidence erodes further in October - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
World Cup to bring $80M? Oct 28, 2009
The tournament would also create between 65,000 and 100,000 jobs total across all of the host cities, said real estate and economic consulting firm AECOM.. Atlanta should take note: the study used the city for the national and international media headquarters, saying that alone would bring in $80 million. (Atlanta Journal-Constitution -- Metro)
Power Breakfast: Public hearing here on bank crisis, Georgia Dome, Coke, UPS, GMAC Oct 28, 2009
They want to hear about how the high rate of bank failures in Georgia is affecting commercial and residential real estate markets. Most of the failures have been small community banks, a major source of real estate loans in many towns ... Earlier this month, several top banking regulators told a Senate banking subcommittee that federal help for small banks could be key to keeping the real estate industry on the road to recovery. (Atlanta Journal-Constitution -- Business)
Poll shows concern over Obama health plans Oct 27, 2009
Poll shows concerns Obama health plans will push up costs, diminish care - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Piedmont Park fests to return in 10 Oct 27, 2009
Piedmont Park fests to return in 10 - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Ch. 7 bankruptcy filings up 12% Oct 27, 2009
The surge in bankruptcy filings is being led by Chapter 7 liquidations as the chief assets held by both individuals and many businesses often real estate have lost their value, and as tightened credit markets have prevented filers from injecting new liquidity into their finances ... Atlanta and much of the nation has a seen a deflation of residential and commercial real estate values, which can erode the value of an individual or business enterprise, said Donald Ratajczak, the noted former... (Atlanta Business Chronicle, GA)
Atlanta Apartments Oct 27, 2009
Directory of Featured Atlanta real estate agents ... Listings of real estate events taking place in metro Atlanta. (Atlanta Journal-Constitution -- Sports)
Alston & Bird eyes new tower Oct 26, 2009
Alston eyes new tower - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
United Community Banks deeper in red Oct 26, 2009
"While we have seen a rise in all categories of non-performing assets, the inflow is still driven by continued weakness in the housing and construction markets. The good news is that the residential construction problem credits in the Atlanta region are starting to decline on a linked-quarter basis. We have seen some negative migration in the commercial real estate categories, but the amounts are still within reasonable levels in light of current economic conditions. Though we could see more... (Atlanta Business Chronicle, GA)
Existing U.S. home sales up 9.4% Oct 24, 2009
Existing U.S. home sales up 9. 4% - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Alaska Airlines begins Atlanta nonstops Oct 24, 2009
Alaska Airlines begins nonstop flights to Atlanta - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
BB&T to keep Colonial's mortgage unit Oct 24, 2009
BBeep Colonial's troubled mortgage unit - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Synovus posts big 3Q loss Oct 23, 2009
Though the bank has aggressively tried to address its nonperforming real estate construction and development portfolio, it remains a trouble spot for the company. Of the bank s $1. (Atlanta Business Chronicle, GA)
SunTrust posts $377M 3Q loss Oct 23, 2009
Traditional banking remains challenged for Atlanta-based SunTrust (NYSE: STI), and residential real estate woes continue to plague the bank, and company officials stressed that the commercial portfolio, though holding up, is showing some signs of stress. But the bank did show encouraging signs of improvement in core deposit growth, a leveling of early-stage delinquent loans and net interest margins. (Atlanta Business Chronicle, GA)
Premiere Global posts $12.6M Q3 loss Oct 23, 2009
Premiere Global posts $12. 6M third-quarter loss - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Georgia banks to report poor results for 3Q Oct 22, 2009
And they face the looming fallout from bad commercial real estate loans, plus potential weakness even on traditional business loans. Residential real estate continues to vex many Georgia banks, and while most have been dealing aggressively with toxic residential assets, the state still isn t out of the woods, analysts and insiders said ... Third-quarter results might also bring new challenges as regulators force banks to reconcile problems in their commercial real estate loan portfolios, said... (Atlanta Business Chronicle, GA)
Aarons Inc. profit jumps to $24.6 million Oct 22, 2009
Aarons Inc. profit jumps to $24. 6 million - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Obama aims to boost small business lending Oct 22, 2009
Congress also should increase the size limit on the SBA s 504 loans, which primarily are used for real estate, from $2 million to $5 million for standard borrowers, and from $4 million to $5. 5 million for manufacturers. (Atlanta Business Chronicle, GA)
CBRE brings investment banking unit to US Oct 22, 2009
Through the unit, CBRE will assist real estate, lodging and gaming companies with recapitalization and restructuring strategies, merger and acquisition opportunities and capital-raising needs ... The CBRE America's investment banking team will be based in New York and will be led by Glenn A. Carlin and John R. Perkins, investment bankers with many years of experience in J.P. Morgan s real estate investment banking group ... Los Angeles-based CBRE (NYSE: CBG) is the world s largest commercial... (Atlanta Business Chronicle, GA)
Local indicted for bribery at Home Depot Oct 22, 2009
Local indicted in kickback scheme at Home Depot - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Beige Book: Southeast economy retreats Oct 22, 2009
Private-sector commercial real estate activity in the Southeast weakened further in September ... Real estate contacts mentioned homebuyers had difficulty securing financing for non-conforming mortgages. (Atlanta Business Chronicle, GA)
More Roswell homes for sale Oct 22, 2009
Roswell Real Estate - For Sale By Owner, New Homes, Resales, Open Houses ... Searching:Roswell Real Estate. (Atlanta Journal-Constitution -- Home & Garden)
Find foreclosures in Atlanta Oct 22, 2009
Atlanta Real Estate - For Sale By Owner, New Homes, Resales, Open Houses ... Searching:Atlanta Real Estate ... Metro Brokers/GMAC Real Estate - Anne Wallace. (Atlanta Journal-Constitution -- Home & Garden)
Regions reports $437M net loss Oct 21, 2009
hit hard by the struggling commercial real estate sector, reported a third quarter loss of $437 million ... Commercial real estate credits constituted the bulk of third quarter s inflow of non-performing loans, the Birmingham, Ala ... The bank charged off $45 million in commercial real estate loans. (Atlanta Business Chronicle, GA)
Apple has new iMacs, MacBooks, Magic Mouse Oct 21, 2009
Apple updates iMacs, MacBooks, adds Magic Mouse - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Delta revises international routes for '10 Oct 21, 2009
Delta revises international schedule for 2010 - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Passenger revenue drops at U.S. airlines Oct 21, 2009
Passenger revenue still declining for U.S. airlines - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Manhattan Associates Q3 net income soars Oct 21, 2009
Manhattan Associates Q3 net income soars - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
SunTrust No. 1 in deposits in Atlanta, though lead shrinks Oct 20, 2009
Since the FDIC s last deposit report came out in 2008, 24 Georgia banks have failed amid huge losses in the collapsed real estate market. Most were tiny lenders, though the list includes Integrity Bank, last year s 11th largest bank, and Georgian Bank, which made No. 9 on this year's list, only to fail a few weeks later. (Atlanta Journal-Constitution -- Business)
Couch stepping down from Georgia EPD Oct 20, 2009
Couch stepping down from Ga. environmental agency - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
DeKalb police to get subsidy to buy homes Oct 20, 2009
She said there is a potential for a spillover benefit to the local economy because of the work it could create for real estate agents and building contractors. The program is open to any officer who has passed the probationary period and whose income does not exceed 120 percent of the area median, which officials said won't be a problem for most county personnel. (Atlanta Journal-Constitution -- Metro)
State agencies bemoan cuts Oct 20, 2009
"The banking industry in Georgia continues to suffer from the real estate market," she said. "That's why it's critical that we have the bank examiners.". (Athens Banner-Herald)
Malpractice reform could save U.S. $54B Oct 20, 2009
Report: Medical-malpractice reform would save U.S. $54B over 10 years - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Poll: Thanksgiving plans changing for many Oct 20, 2009
Survey: Thanksgiving plans changing for many this year - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Power Breakfast: Growing bank problems, airport delays, oil prices shoot up Oct 20, 2009
This comes on top of the bad residential real estate market that got them into trouble in the first place. For months, Donsky writes, experts have said a wave of commercial real estate problems is on the way ... Loans are not worth as much now, said Henry Lorber, an Atlanta consultant who advises banks on how to deal with troubled real estate loans. (Atlanta Journal-Constitution -- Business)
Flood washes away artist’s work Oct 19, 2009
So she made the third choice, which was to become a real estate assistant. That led to becoming a full-time agent, then wife, then mother, so that one day she looked up and found herself making money but not art. (Atlanta Journal-Constitution -- Metro)
Georgia banks brace for big hit Oct 18, 2009
Banks dealing with bad residential real estate loans wary of potential commercial losses ... Even as many Georgia banks grapple with bad residential real estate loans, experts say a new danger lurks: a deteriorating market for shopping centers, office buildings and other commercial property ... But for banks already in trouble, commercial real estate losses will deepen the pain, said Jeff Davis, a banking analyst with FTN Equity Capital Markets Corp.. (Atlanta Journal-Constitution -- Metro)
ALL BUSINESS: Lobbyists influence financial reform Oct 17, 2009
12:56 a.m. Saturday, October 17, 2009. The Associated Press. (Atlanta Journal-Constitution -- Business)
Real estate's next crisis Oct 17, 2009
Even as many Georgia banks grapple with bad residential real estate loans, experts say a new danger lurks: a deteriorating market for shopping centers, office buildings and other commercial property ... But for banks already in trouble, commercial real estate losses will deepen the pain, said Jeff Davis, a banking analyst with FTN Equity Capital Markets Corp. ... It will definitely contribute to failures, because so many banks are in a weak state because of overexposure to residential real... (Atlanta Journal-Constitution -- Business)
Whole Foods to open in East Cobb in 2011 Oct 17, 2009
9 percent in the fourth quarter of 2008, according to CoStar Group, a real estate information firm ... Alan Wexler of Databank, a commercial real estate information service in Atlanta, said the reason for the construction at Merchants Walk is the battle for the high-end customer that lives nearby. (Atlanta Journal-Constitution -- Business)
BofA third-quarter loss reaches $2.24B Oct 17, 2009
BofA third-quarter loss reaches $2. 24B - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Report: Online retailers made profit in 08 Oct 17, 2009
Report: 57% of online retailers made a profit in 2008 - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Panel deepens probe into Oxendine campaign Oct 16, 2009
Ethics panel probing further into Oxendine campaign - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Vystars Envy condom hits the market Oct 16, 2009
Vystars Envy condom hits the market - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Capital One credit card defaults rise Oct 16, 2009
Capital One credit card defaults, delinquencies rise - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
More banks will fail, say regulators Oct 16, 2009
The banking business is getting better but still faces major threats because of bad commercial real estate loans and other problems, top banking regulators said Wednesday ... Community banks are about to face even bigger woes, regulators said, because the same sorts of problems that decimated residential real estate are spreading to commercial real estate ... is the continued deterioration in commercial real estate loans, U.S. Comptroller of the Currency John Dugan said in prepared remarks. (Atlanta Journal-Constitution -- Business)
Fidelity Bank parent pares losses Oct 16, 2009
Marinac cautioned that Fidelity should not be seen as a bellwether for the state s community banks, which have been taking huge losses tied to the collapsed residential real estate market. Fidelity tied up a much smaller percentage of its loans in home building than many of its peers. (Atlanta Journal-Constitution -- Business)
Zep net income drops to $9.3 million Oct 15, 2009
Zep net income drops to $9. 3 million - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
GM: No formal negotiations for Doraville site Oct 15, 2009
"GM continues to view the Doraville site as a unique and valuable piece of real estate that will be managed carefully and prudently. It will be sold when the time and fundamentals are right." ... However, it's unclear if GM will consider selling, with real estate values so depressed ... New Broad Street is headed by a group of developers that once led s real estate development division. (Atlanta Business Chronicle, GA)
Details of Barnes & Noble eReader leak out Oct 15, 2009
Details of Barnes eReader leak out - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Georgia Lottery chief named NASPL pres. Oct 15, 2009
Georgia Lottery chief named NASPL pres. - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)