Metro Atlanta trails nation in home equity gain, sale prices Nov 19, 2008
Real estate pros say numbers hard to believe ... The NAR collects the data from local multiple listing services, but Atlanta real estate professionals were in disbelief about their city s portrayal ... It s as good as going to Las Vegas, said Uzodike about real estate investing. (Atlanta Journal-Constitution -- Metro)
Sandy Springs OKs buying old Target store for City Hall Nov 19, 2008
Steve Massell, president of a commercial real estate company, favored the purchase ... Council members who wanted to purchase the site said the city could take advantage of a downturn in real estate prices to secure a centrally located parcel for a reasonable price, one that could spur redevelopment in that section of Roswell Road. (Atlanta Journal-Constitution -- Metro)
Third Georgia bank sells shares to Treasury Nov 19, 2008
The bank has been hard hit by the collapse of the real estate bubble in metro Atlanta. The bank reported a $40 million loss in the third quarter. (Atlanta Journal-Constitution)
Liberty Media Corporation Announces Mike George, President and CEO of QVC, Inc. to Host Conference Call Nov 19, 2008
Source: Liberty Media Corporation. Nov. 18 /PRNewswire-FirstCall/ -- Liberty Media Corporation (Nasdaq: - , - ) announced it will host a conference call in conjunction with Morgan Stanley, beginning at 1:00 pm (ET) on November 25, 2008. (Yahoo! Wire -- Entertainment News)
Federal government takes stake in SunTrust Nov 18, 2008
Despite the deteriorating economy and real estate market woes, SunTrust remains in relatively good financial shape. The bank posted a profit last quarter, beating Wall Street s earnings forecast. (Atlanta Journal-Constitution)
Home Depot profit falls 31%, but it beat expectations Nov 18, 2008
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Freddie Mac loses $25B, asks Treasury Department for $13B Nov 17, 2008
The costs of bad loans also mounted last quarter, including $6 billion credit losses and taking care of real estate owned and a $1. 1billion loss on an investment in loans to , Inc.. (Atlanta Business Chronicle, GA)
Georgia marina community's developer files Chapter 11 Nov 17, 2008
Ward said his company fell victim to the real estate downturn, fueled by the credit crisis and low consumer confidence. He was not making enough money on sales to complete the promised projects. (Atlanta Journal-Constitution -- Business)
From the Valley Comes a Warning Nov 17, 2008
The rest goes to bonds, real estate, inflation-linked assets and cash. But because equities slid so drastically in the past month, Calpers is now overinvested in these riskier and less liquid alternative assets. (Atlanta Journal-Constitution -- Business)
Business Whirl: Burford, Farr join Trinity Accounting Nov 16, 2008
He brings more than 12 years of experience to Trinity and specializes in audits of employee benefit plans, real estate and retail. He does tax and attestation work and is a member of the Georgia Society of Certified Public Accountants and the American Institute of Certified Public Accountants. (Athens Banner-Herald)
A Rescue Plan Without Taxpayer Money Nov 16, 2008
The report, citing data from First American CoreLogic, a real estate research firm, says $250 billion in loans will reset in 2009 and $700 billion in 2010 and after. If left on their own financially, many of these borrowers will be forced into foreclosure. (Atlanta Journal-Constitution -- Business)
Georgia banks struggle amid credit crunch Nov 15, 2008
At the same time, banks have tightened their lending standards after having been burned by bad real estate loans ... And while banks have largely pulled out of the risky real estate construction loan business, they ve turned to sectors that typically do well in down economies, such as health care, technology and education, Brannen said ... Also popular, Brannen said, are commercial real estate loans, particularly those in which a small business owner who is leasing work space borrows money to... (Atlanta Journal-Constitution)
Treasury to buy stock in Columbus' Synovus Nov 15, 2008
The government has announced it would invest $250 billion in the nation s banks in an attempt to stabilize the industry, which has been rocked by the collapse of the real estate market. The government is requiring that participating banks, including Synovus, pay 5 percent returns for the first five years. (Atlanta Journal-Constitution)
Synovus to get $973M from Treasury Nov 15, 2008
Synovus to get $973 million from Treasury - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
FDIC says plan could help 1.5 million keep homes Nov 15, 2008
By ALAN ZIBEL AP Real Estate Writer. WASHINGTON Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1. (Atlanta Journal-Constitution -- Business)
Georgia's startup banks cautious, but still optimistic Nov 15, 2008
Economists are predicting a lengthy recession, companies are shedding jobs by the thousands, and banks are struggling under the weight of bad real estate loans ... Also, investors must be satisfied with slower growth than what new banks experienced during the real estate boom. (Atlanta Journal-Constitution -- Business)
Credit crunch may spoil holidays for retailers Nov 15, 2008
Tom Burns, 40, who lives in Atlanta and works in real estate, plans to pay cash for all Christmas gifts. That way if you don t got it, you don t spend it, he said outside the Trader Joe s in Midtown. (Atlanta Journal-Constitution -- Business)
Best Buy to Host Guns N' Roses Chinese Democracy Atlanta Listening Event in Advance of Sunday Release Nov 15, 2008
--(BUSINESS WIRE)--Best Buy. Attention Guns N Roses fans. (Yahoo! Wire -- Entertainment News)
This Week in Print Nov 14, 2008
Print Edition - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Holiday travel should be slow this year Nov 13, 2008
Holiday air travel looks to be slow this year - Wichita Business Journal. for free extra services. (Wichita Business Journal, KS)
Atlanta a poor choice for real estate investing, report says Nov 13, 2008
Atlanta a poor choice for real estate investment, report says ... ULI presented its annual Emerging Trends in Real Estate Report on Tuesday and once again Atlanta is portrayed as overbuilt and not a particularly attractive place to invest ... As a sort of counterbalance to the pessimistic report, panelists discussed why Atlanta is a great place for real estate. (Atlanta Journal-Constitution -- Business)
$285M hotel/condo still planned Nov 12, 2008
With the federal government taking an active role in trying to help real estate recover, we re going to see a much brighter future in the capital markets, probably sooner rather than later, Leventhal said. He said construction could begin next year and finish in late 2011 if condo presales and financing fall into place. (Atlanta Journal-Constitution)
Feds speed mortgage help Nov 12, 2008
By ALAN ZIBEL AP Real Estate Writer. WASHINGTON Once again, the government has offered another plan to help troubled homeowners. (Atlanta Journal-Constitution)
Face the music Nov 12, 2008
At that point (sunny-day real estate ahead folks), assuming we re in the hunt -do you want to mess with the chemistry in the room. Can the kid come back (the house bets yes). (Atlanta Journal-Constitution -- Sports)
Gov't unveils mortgage disclosure rules Nov 12, 2008
But changes to the stack of paperwork that consumers must sign before buying a house will have a big impact on thousands of real estate agents, mortgage brokers, banks and title companies. The real estate industry had flooded HUD with complaints that the changes would be complicated and costly, and don't necessarily make the process easier for consumers to understand. (Atlanta Journal-Constitution -- Business)
ATL woman gets 11 years for mortgage fraud Nov 11, 2008
Newby-Allen inflated the sale prices of residential real estate and arranged for the submission of false loan applications, documents and other information to mortgage lenders to obtain loans for the unqualified straw buyers. When the loans closed, Newby-Allen and her co-conspirators received millions of dollars of the mortgage loan proceeds through Newby-Allen s shell company, Swiss Acquisitions, by using misrepresentations about disbursements of the loan proceeds. (Atlanta Business Chronicle, GA)
Georgia House Republicans stick with Speaker Glenn Richardson Nov 11, 2008
Georgia House Republicans stick with Speaker Richardson - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
> BofA expands corporate credit-card program Nov 11, 2008
BofA expands corporate credit-card program - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Circuit City files for bankruptcy protection Nov 11, 2008
Circuit City had many problems in the end but all began, in our view, with holding on to 1980s real estate too long, he wrote. The company had said last week that it planned to work with landlords to renegotiate leases, lower rent or terminate agreements. (Atlanta Journal-Constitution -- Business)
Forbes: Kennesaw among best places to sell a home Nov 8, 2008
None of those numbers would be good in normal times, the magazine notes, but amid the current swoon for the housing and real estate industries they are strong. The No. 1 suburb for home sellers: Berkely, Calif. (Atlanta Journal-Constitution -- Business)
Buckhead home grows organically Nov 7, 2008
Directory of Atlanta real estate professionals ... Atlanta real estate quick links. (Atlanta Journal-Constitution)
Mohawk delays filing 3Q report Nov 7, 2008
Uncertainty over stock price, impairments force Mohawk to delay filing 3Q report - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Georgia Conservancy Pres. Stokes retiring Nov 7, 2008
Georgia Conservancy Pres. Stokes retiring - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
30-year mortgages fall to 6.2% Nov 7, 2008
30-year mortgages fall to 6. 2% - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Market Conditions Interview Nov 6, 2008
Real Estate News and Advice. November 6, 2008. (RealtyTimes)
Firm to help National Health Museum choose site Nov 6, 2008
The National Health Museum has picked the real estate firm Carter to be its adviser as it tries to nail down a site for the $250 million attraction ... Carter is proud to have been selected as the real estate adviser, said Scott Taylor , president of the 50-year-old Atlanta-based company. (Atlanta Journal-Constitution)
> Georgia results of election 2008 Nov 6, 2008
Georgia results of election 2008 - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Pregnancy discrimination complaints jump, especially for women of color Nov 6, 2008
More than half the claims filed with the EEOC during that period (53 percent) were filed in service, retail trade and the financial services, insurance and real estate industries - where some seven in 10 women work. It is truly sobering that, 30 years after our nation outlawed discrimination on the basis of pregnancy, so many women are forced to file complaints with the EEOC, said National Partnership for Women & Families President Debra L. Ness. (Atlanta Journal-Constitution -- Health)
Smyrna cuts back on city services Nov 5, 2008
The city had less income from court fines, building inspection fees, real estate transfer taxes and interest income. Hours at City Hall will also change. (Atlanta Journal-Constitution -- Metro)
Shanes to offer free meal on Election Day Nov 5, 2008
Shanes to offer free meal on Election Day - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Total Wine & More set for Perimeter Nov 5, 2008
Total Wine set for Perimeter - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
CARING & SHARING: Nov 5, 2008
Atlanta real estate quick links. Site Directory. (Atlanta Journal-Constitution -- Health)
Cavern owner seeks bidder to cave in to eBay sale Nov 4, 2008
Rush acknowledged the tight real estate market but said he hoped to sell the caves to a cave-diving enthusiast with a little spending money. "It's a tough time in the marketplace to get a buyer I think for any real estate, and I don't think this business makes enough money" to make mortgage payments, Rush said ... Vickie Martin, a real estate agent for the caves, agreed. (Atlanta Journal-Constitution -- World)
Construction drop less than analysts view Nov 4, 2008
U.S. construction spending drops, but nonresidential gain helps offset decline - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Poll: Healthcare costs a concern Nov 4, 2008
Survey: Eight in 10 Americans say economy will affect ability to pay for healthcare - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
ATL City Council adopts turnaround plan Nov 4, 2008
Atlanta City Council adopts mayors turnaround plan - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
David Cook Celebrates the Release of His Self-Titled Debut Album on 11/18 With a Special Fan Only Performance in NYC Nov 4, 2008
Source: 19 Recordings/RCA Records. NEW YORK, Nov. 3 /PRNewswire/ -- American Idol winner David Cook is teaming with the Times Square Virgin Megastore and Hard Rock Cafe New York for a special fan event to celebrate the release of his self-titled debut album. (Yahoo! Wire -- Entertainment News)
Top Atlanta CPA firms merge, becoming 5th largest Nov 1, 2008
Tauber brings its litigation strengths to the partnership while Habif is strong on real estate, technology and retail, Simms said. What we are trying to do is capitalize on the market, Simms said. (Atlanta Journal-Constitution -- Business)
BB&T names post-Allison COO, CFO Oct 31, 2008
BBs post-Allison COO, CFO - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Law firm clarifies Ga. voting laws Oct 31, 2008
Fisher ips clarifies Ga. voting laws - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Christian Science Monitor exiting print Oct 30, 2008
Christian Science Monitor ending daily paper - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
> DOJ statement on the merger Oct 30, 2008
DOJ statement on Delta-Northwest merger - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Women buying health policies pay a penalty Oct 30, 2008
Crystal D. Kilpatrick, a healthy 33-year-old real estate agent in Austin, Texas, said: I ve delayed having a baby because my insurance policy does not cover maternity care. If I have a baby, I ll have to pay at least $8,000 out of pocket. (Atlanta Journal-Constitution -- Health)
DeKalb County Commission has only 1 seat contested Oct 29, 2008
Campaign finance reports Boyer filed in June and September indicate that at least 70 percent of the $70,000 she raised during that period came from builders, property managers, engineers, architects, real estate brokers, developers and the lawyers and lobbyists who serve them ... Two people from real estate companies gave a total of $450, but one of them lives in Danese s neighborhood. (Atlanta Journal-Constitution -- Metro)
Delta executives to depart Oct 29, 2008
Delta executives to leave upon merger completion - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Loftin leaves Regional Business Coalition, Watkins gets the nod Oct 29, 2008
Loftin leaves Regional Business Coalition - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
NCR moves customer service ops to Ga. Oct 29, 2008
NCR moves customer service ops to Ga. - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
CON: Terrible public policy would ultimately burden taxpayers Oct 28, 2008
Most local school boards lack the expertise to determine whether investing school taxes in a commercial real estate venture would be a wise use of such funds. Additionally, the political pressure placed on the school boards by the development community can be, and usually is, overwhelming. (Atlanta Journal-Constitution -- Opinion)
Sean Reynolds named Alston & Bird partner Oct 28, 2008
partner Sean Reynolds has left to become a partner in s Real Estate Finance and Investment Group in Atlanta. Reynolds expertise includes fund formation, listed and non-listed REITs and private real estate funds ... He was a partner in the tax and real estate capital markets groups at Morris, Manning and Martin, negotiating and preparing real estate partnership agreements and other equity documents for development projects ranging in size from $13 million to $300 million. (Atlanta Business Chronicle, GA)
Delta names new top communicator Oct 28, 2008
Delta picks Continental exec to lead communications team - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Savannah Film Festival Honors Malcolm McDowell with Lifetime Achievement Award Oct 27, 2008
Source: Savannah College of Art and Design. "Never Apologize" screening follows tribute. (Yahoo! Wire -- Entertainment News)
Sinking home values ripple Oct 26, 2008
Tumbling real estate values in metro Atlanta will cut both ways in coming months, with many property owners likely due substantial tax breaks at the expense of already cash-starved local governments. Local officials fear the impact of what has so far been a localized issue spreading in 2009 as Atlanta-area tax assessors begin capturing the downward spiral in real estate values. (Atlanta Journal-Constitution)
Bankruptcy filings surge in N. Ga. Oct 26, 2008
Seymour blamed recent reclassifications of all real estate loans by the Federal Deposit Insurance Corp. for drying up financing from smaller regional banks. The credit markets are loosening some now. (Atlanta Journal-Constitution)
Closed bank to reopen Mon. Oct 26, 2008
Alpha was the third bank failure in Georgia to follow the real estate slump, mortgage meltdown and credit crunch. Integrity Bank was shuttered in August. (Atlanta Journal-Constitution)
Cushman to cut jobs, restructure globally Oct 25, 2008
Commercial real estate giant plans to restructure the company and layoff workers on a global basis to weather the current economic downturn ... Cushman & Wakefield's Atlanta office has not cut the positions of any commercial real estate brokers, though it has carried out some reductions among its support staff, according to sources ... Nee emphasized that the move is a global restructuring that will spread the cost and job reductions across its network of commercial real estate offices in 59... (Atlanta Business Chronicle, GA)
