Save-A-Lot to double store count, target Atlanta Nov 19, 2009
for free extra services. Friday, November 13, 2009. (Atlanta Business Chronicle, GA)
Schemmel submitted expenses for trip Nov 18, 2009
Hotels are in the worst shape in the real estate world, home buyers can't get mortgages easily, and retail and office developments will suffer from. Copyright 2009 The San Diego Union-Tribune, LLC. (San Diego Union-Tribune)
Commercial property crash will bring higher taxes Nov 18, 2009
Metro Atlanta governments are bracing for the effects of the commercial real estate crisis, including the possibility of higher taxes, service cuts and more layoffs. With commercial real estate values off anywhere from 25 percent to 50 percent across the region, governments are expecting a big hit to their tax digests as staffers start preparing their budget requests early next year ... The commercial property downturn comes on the heels of the residential real estate crash, which is just now... (Atlanta Business Chronicle, GA)
Coliseum, alley renovations won't be green-lighted until next spring Nov 18, 2009
The regents' Committee on Real Estate and Facilities looked over the projects at a meeting Tuesday but doesn't plan to sign off on them until next spring - after the Athletic Association irons out the details. The projects would renovate the Stegeman concourse and close in giant roof overhangs on two sides of the coliseum with huge walls of glass, adding about 10,000 square feet of new lobby space. (Athens Banner-Herald)
Home Depot third-quarter earnings fall Nov 18, 2009
CEO Frank Blake said the company has seen signs of stabilization in real estate and has added market share in the quarter. Home Depot and other home-improvement retailers have faced sales declines as consumers hold back on do-it-yourself projects amid worry over jobs and home values. (MSNBC -- Business)
Atlanta City Council OKs new Delta Air Lines lease Nov 17, 2009
Atlanta council OKs new Delta lease - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Beazer Homes CEO could face civil charges Nov 17, 2009
MORE FROM REAL ESTATE ... Real estate Section Front ... Add Real estate headlines to your news reader. (MSNBC -- Business)
Citizens Bancshares Q3 profit down Nov 17, 2009
Provision for loan losses spiked 493 percent to $771,000 due to the impairment value of real estate collateral securing classified loans. The allowance for loan losses was 53 percent of nonperforming loans compared to 29 percent at Dec. 31, 2008. (Atlanta Business Chronicle, GA)
Construction backlog shows slight rise Nov 17, 2009
Construction backlog grows in September - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Beazer CEO may face civil charges Nov 17, 2009
for free extra services. Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Neighborhood Guide Nov 15, 2009
Atlanta Neighborhoods, Population Demographics, Maps l Information- ajchomefinder. Atlanta has hundreds of neighborhoods, each with its own character and charm. (Atlanta Journal-Constitution -- Travel)
Foreclosures slip for the month but still high enough to drag the economy back -- and they are likely to go higher. Nov 14, 2009
For Atlanta, watching the damage to real estate is the best way to judge the economy, he said ... It is not just residential real estate getting soaked: The problem has been spreading to commercial real estate, said Alan Wexler, president of Databank Atlanta, which tracks many of those properties. (Atlanta Journal-Constitution -- Metro)
If it's really your 'dream job,' don't say so Nov 14, 2009
for free extra services. Wichita Business Journal - from the Atlanta Business Chronicle. (Wichita Business Journal, KS)
King & Spalding adds Winsberg as a partner Nov 14, 2009
King ing adds Winsberg as a partner - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
JP Morgan CEO Dimon: Let big banks fail Nov 14, 2009
JP Morgan's Dimon: No such thing as 'too big to fail' - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Debt pressure mounts on hotels Nov 14, 2009
The rate of troubled commercial mortgage-backed securities in the lodging sector in metro Atlanta exceeds national figures, according to data from Trepp LLC, a New York City-based independent provider of commercial mortgage-backed securities (CMBS) and commercial real estate information ... -based Sunstone, a real estate investment trust, reported third-quarter losses of $23. (Atlanta Business Chronicle, GA)
Philips, teams tap LIGATT for Web security Nov 13, 2009
Philips, teams tap LIGATT for cyber security - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Power Breakfast: Economy inching up, foreclosures down, Burger King, Popeyes, Hartsfield Nov 13, 2009
They say heavy equipment is a mirror of the real estate and stock markets, said Darrin Hogeboom, regional manager of the company, which auctions heavy equipment all over the country. When were up, theyre up; when were down, theyre down. (Atlanta Journal-Constitution -- Business)
Coastal Banking Company Reports Third Quarter 2009 Earnings Nov 13, 2009
"Our Special Assets Group moved a substantial amount of problem loans from non-accrual status to other real estate owned (OREO), enabling us to liquidate these assets. As a result, our past due loans improved and have stabilized at an acceptable level, excluding non-accruals. We also saw signs of stabilization in new problem loans, leading us to believe that asset quality expenses in the future likely will be associated with efforts to liquidate collateral rather than from increases in new... (Primezone Releases)
Coweta County Homes Nov 13, 2009
Coweta County Real Estate - For Sale By Owner, New Homes, Resales, Open Houses ... Searching:Coweta County Real Estate. (Atlanta Journal-Constitution -- Home & Garden)
Fed finalizes overdraft fee regulations Nov 13, 2009
Fed finalizes bank overdraft fee regulations - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
$30M gift to boost Childrens Nov 13, 2009
$30M gift to boost Childrens - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Get three seasons of color with camellias Nov 12, 2009
Directory of Featured Atlanta real estate agents ... Listings of real estate events taking place in metro Atlanta. (Atlanta Journal-Constitution -- Home & Garden)
Small businesses struggling to find cash to grow Nov 12, 2009
Other companies such as those related to real estate are in sectors where banks have already been told by regulators they have too much concentration of risk. Banks themselves are storing away reserve capital to prepare for future losses. (Atlanta Business Chronicle, GA)
Special grand jury selected to probe Gwinnett land purchases Nov 12, 2009
"[Its] limited purpose is to look into real estate acquisitions by the Gwinnett County Board of commissioners since 2005.". Porter said he could not convince the regular grand jury to take on the task of poring over years of land deals because of the size and scope of the investigation. (Atlanta Journal-Constitution -- Metro)
Study: Atlanta dangerous for pedestrians Nov 11, 2009
Study: Atlanta among least safe for walking - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Airlines: Thanksgiving travel may dip 4% Nov 11, 2009
Airlines expect 4% drop in Thanksgiving travel - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Carters to restate earnings back to 04 Nov 11, 2009
Carters to restate earnings back to 04 - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Fed: Jobless Rate Will Stay High Nov 11, 2009
Real Estate Headlines. Gray Television, Inc. - Copyright 2002-2009 - Designed by Gray Interactive Media - Powered by Clickability. (KWTX.com, TX)
Home builder: Banks arent selling properties Nov 10, 2009
There is no RTC-like purge, Dugas said, referring to the , a federal agency that liquidated distressed real estate in the wake of the late-1980s Savings & Loan collapse. This article is for Paid Subscribers ONLY.. (Atlanta Business Chronicle, GA)
Charter Communications loss widens Nov 10, 2009
Charter loss widens, expects to emerge from bankruptcy soon - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Wieland Homes fined $350K for violations Nov 10, 2009
The real estate company has agreed to comply with stormwater regulations at its construction sites, the EPA said. John Wieland Homes and Neighborhoods of the Carolinas Inc. has agreed to the settlement as well, the EPA said. (Atlanta Journal-Constitution -- Business)
Grubb & Ellis names DArcy CEO Nov 10, 2009
hired real estate veteran Thomas D'Arcy as its new president and chief executive officer ... Tampa Bay Real Estate. (Tampa Bay Business Journal, FL)
Poll: Majority oppose House health plan Nov 10, 2009
Polls: Majority oppose House health plan, inclusion of illegals, abortions - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
GSUs MBA program rates high Nov 10, 2009
GSUs MBA program rates high - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
State tax revenue falls 17.8% in October Nov 10, 2009
State tax revenue falls 17. 8% in October - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
QSpex out to transform eyeglass business Nov 10, 2009
QSpex out to transform eyeglass biz - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Hardin forms group to buy ailing hotels Nov 10, 2009
Metro Atlanta s fourth-largest commercial contractor has formed a partnership with a real estate advisory group to purchase distressed hotels. LLC, the parent company of , has formed LLC, and with the help of LLC plans to buy and reposition underperforming hotels in the top 25 U.S. metropolitan markets. (Atlanta Business Chronicle, GA)
Law firms shop for rent deals Nov 9, 2009
In fact, Midtown, the official home of Atlanta law firms, has about a dozen firms shopping for a total of nearly 1 million square feet of space, according to a report by Jones Lang LaSalle, a commercial real estate services firm. Many of them are shopping for significantly less space than their current offices, and not just because they ve eliminated jobs, said Dale Lewis, vice president at Carter commercial real estate company ... Technology and changing work habits are pushing many firms to... (Atlanta Journal-Constitution -- Business)
Time may be up on mortgage fraud cases Nov 9, 2009
A real estate professional tipped off Athens-Clarke police in spring 2005 that he suspected home sales at the Milford Hills subdivision off Barnett Shoals Road involved shady dealings; authorities rounded up suspects between April 2006 and June 2008, all on charges they violated the state's Racketeering Influenced and Corrupt Organizations Act ... The alleged plot, which may have netted as much as $7 million, was orchestrated by developers, real estate agents, appraisers and at least one lawyer... (Athens Banner-Herald)
Market Conditions Interview Nov 7, 2009
Real Estate News and Advice ... If you are a licensed real estate agent or mortgage broker interested in reporting Market Conditions for your local area, please fill out the form below and someone from Realty Times will contact you. (RealtyTimes)
Cox signs lease in Perimeter Nov 7, 2009
sold its entire real estate holdings in Atlanta to Rubenstein, which then flipped 9000 Central Park to Ackerman. John Shlesinger, chairman of in Atlanta, brokered the deal for Cox. (Atlanta Business Chronicle, GA)
1 killed, 5 wounded in Orlando shooting Nov 7, 2009
for free extra services. Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Duke Realty takes $50M hit on 3630 Peachtree Nov 7, 2009
has taken a $50 million write-down on the value of its 3630 Peachtree project in Buckhead, another sign of the worsening commercial real estate mess ... The write-down reflects Atlanta s position as one of the centers of the real estate crash, and raises more concerns about the exposure lenders have to the deepening challenges in commercial real estate. (Atlanta Business Chronicle, GA)
United Security Bank fails Nov 7, 2009
Most have been small community banks, like United Security, that bet too heavily on real estate acquisition and construction loans ... After its Woodstock subsidiary opened, the bank bet heavily on construction and development and commercial real estate loans, particularly in the northern Atlanta metro area. (Atlanta Business Chronicle, GA)
Verizon will sell second, cheaper Droid Nov 7, 2009
Reports: Verizon to sell second, less expensive Droid - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Home renovation with kids in mind Nov 6, 2009
A real estate agent said it was way too busy ... I always think the same thing whenever I watch those real estate or remodel shows -DUH -you can paint and change carpet, etc ... The real estate agent also told everyone who saw the house this info. (Atlanta Journal-Constitution -- Home & Garden)
Cousins sees more pain ahead in real estate Nov 6, 2009
Atlanta-based Cousins Properties expects 2010 to be another tough year for commercial real estate, CEO Larry Gellerstedt said Thursday, despite the end of the recession as measured by general economic growth ... In third-quarter results, Cousins reported a decrease in funds from operations, an earnings yardstick used by real estate investment trusts. (Atlanta Journal-Constitution -- Business)
Delta traffic dips 6.5% in October Nov 6, 2009
Delta traffic dips 6. 5% in October - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Home buyer tax credit extended, expanded Nov 6, 2009
for free extra services. Atlanta Business Chronicle - by Washington Bureau Chief. (Atlanta Business Chronicle, GA)
Kaiser Permanente plans $400 million metro Atlanta expansion Nov 6, 2009
Kaiser plans $400M metro expansion - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Credit problems rising for Georgia banks Nov 6, 2009
The fallout from the crash of commercial real estate has yet to hit banks balance sheets in earnest, analysts say. Small banks tend to have a higher concentration in real estate than many of their larger banks. (Atlanta Business Chronicle, GA)
Ex-attorney in Ga. gets jail for fraud Nov 6, 2009
was sentenced Thursday to more than five years in federal prison for running a five-year real estate investment scam that bilked millions from victims in Georgia, Florida and Tennessee ... Ballard, a former real estate and business law attorney, operated a fraudulent real estate investment scam, commonly known as a Ponzi scheme ... He told the victims he was making lucrative real estate and other investments which were not actually transacted. (Atlanta Business Chronicle, GA)
Commercial mortgage lending down 54% Nov 6, 2009
Tight credit conditions coupled with scant demand for new loans meant that commercial and multifamily mortgage originations remained low for the third quarter, said MBA vice president of commercial real estate research Jamie Woodwell. A pullback by Fannie Mae and Freddie Mac in their multifamily activity outweighed increases in commercial and multifamily lending by insurance companies and commercial banks. (Atlanta Business Chronicle, GA)
Mortgage broker guilty in Ponzi scheme Nov 6, 2009
Former Georgia mortgage broker Edward William Farley pleaded guilty on Thursday in federal district court to committing a mortgage fraud, running a real estate investment Ponzi scam involving over 150 victims, running a check-kiting scheme and bankruptcy fraud ... In the real estate investment-Ponzi part of the scheme, Farley then began to operate under the name of Alliance Resource Management in Lawrenceville to conceal his new source of income from prior victims ... Real estate investors and... (Atlanta Business Chronicle, GA)
Online spending falls to $29.6B Nov 6, 2009
Online spending falls to $29. 6B - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Rockdale County Homes Nov 6, 2009
Rockdale County Real Estate - For Sale By Owner, New Homes, Resales, Open Houses ... Searching:Rockdale County Real Estate. (Atlanta Journal-Constitution -- Home & Garden)
Obama to sign homebuyer, jobless bill assistance Nov 6, 2009
Prolonging the life of the homebuyer credit has been a priority of the real estate industry, which says it has been instrumental in beginning to turn around a market that was a major cause of the economic downturn. About 1. (Atlanta Journal-Constitution -- World)
Cox leases more office space Nov 6, 2009
The office tower is adjacent to Cox headquarters at 6205 Peachtree Dunwoody Rd., and the real estate opportunity was just too good to pass up, said Cox spokesman Bobby Amirshahi. More business news. (Atlanta Journal-Constitution -- Business)
Fed: Rates stay low for extended period Nov 5, 2009
Fed says rates stay low for extended period - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Postal Service to raise some rates Nov 5, 2009
Express Mail, some Priority Mail postal rates go up - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Comcast earnings grow faster than revenue Nov 5, 2009
Comcast Q3 earnings growth outstrips revenue gains - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Cousins Properties posts $53M Q3 loss Nov 5, 2009
The Atlanta-based real estate investment trust (NYSE: CUZ) posted a net loss of $53. 3 million and a loss per share of 95 cents a share, compared with net income of $11. (Atlanta Business Chronicle, GA)
Georgia Homes Nov 5, 2009
Georgia Real Estate - For Sale By Owner, New Homes, Resales, Open Houses ... Searching:Georgia Real Estate ... (c) The Real Estate Book. (Atlanta Journal-Constitution -- Home & Garden)
Congress must get tough on banks Nov 5, 2009
held hearings in Atlanta to examine the continuing crisis in the local residential real estate market ... My parents lost their home in the 1987 economic downturn, yet it seems that any lessons that could have been learned from that recession have been completely ignored in favor of quick money and fast flips in real estate ... It is not a huge leap to give bankruptcy judges this ability since they currently have the ability to do just that when it comes to commercial real estate, cars, boats... (Atlanta Journal-Constitution -- Opinion)
