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    News and Articles on Real Estate



    Forecast: Job losses continue in 2010, but at slower pace  Nov 19, 2009
    Metro Atlanta's dependence on real estate and development became painfully clear when the housing bubble burst in 2007. Sectors linked to real estate took a pounding: construction, brokers and bankers, as well as others attorneys, accountants and the like who depended on home sales and building. (Atlanta Journal-Constitution -- Business)

    Small businesses downsize real estate, save money  Nov 15, 2009
    Owners say they're saving money on real estate, office furniture and other expenses by letting employees work from home or by using independent contractors who don't work on-site ... Many kinds of businesses can downsize their real estate by having more people work off-site ... The constant improvements over the years in technology have helped many kinds of businesses use less real estate. (The Augusta Chronicle)

    Businesses and insurers grapple with health care costs  Nov 12, 2009
    for free extra services. Friday, November 6, 2009. (Albany Business Review, NY)

    White's Building up for auction Tuesday  Nov 3, 2009
    If no one buys, the FDIC could choose to foreclose and then package the building into a larger real estate sale. "There's a lot of interest stirred up by these ads, but that doesn't mean a sale will occur to an interested investor," Mr. Paine said. (The Augusta Chronicle)

    Georgia builders appeal for federal help  Nov 3, 2009
    Mr. Brannen said the reason is because regulators have instructed banks to reduce the portion of their portfolios devoted to real estate, even if that means calling performing loans ... Quarterly 2009 foreclosure filings for metro areas as reported by online real estate company RealtyTrac. (The Augusta Chronicle)

    TEE center no match for Fort Discovery site  Oct 26, 2009
    The sale of the Fort Discovery science center will leave a vacant, two-story, 128,000-square-foot piece of prime real estate on the riverfront. It has been mentioned as a possible location for a planned trade exhibit and event center. (The Augusta Chronicle)

    Lack of success has Junior near end of his rope  Oct 22, 2009
    Some believe the drop-off in attendance and television ratings can be attributed to Dale Earnhardt Jr. not qualifying for the Chase for the Championship. The reality, however, is the son of seven-time champion Dale Earnhardt hasn't been a factor in a long time. (The Augusta Chronicle)

    Creative collaboration, evolution drive dance company  Oct 22, 2009
    For David Parsons, the artistic director and founder of Parsons Dance, a contemporary dance style is about finding a way of working that continues to produce unexpected results. His company, founded in 1985, has built a reputation around compelling collaborations and relentless touring. (The Augusta Chronicle)

    Morris sells Fairway Outdoor ad unit  Oct 19, 2009
    Morris Communications sells Fairway Outdoor - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)

    James "Butch" Palmer  Oct 19, 2009
    In 2007, he formed an activist group called Harrisburg Organization Networking for Gentrification to Keep Our Neighborhood from becoming a Ghetto -- HONGKONG. He's a partner in a real estate venture called Harrisburg Gentrification Partners LLC. On the Web and in interviews, he has characterized the neighborhood's undesirables as roaches, fertile welfare queens, crack whores and trash. Now running to replace Betty Beard in Augusta Commission District 1 -- a district that's 65 percent black and... (The Augusta Chronicle)

    Augusta area records fewer foreclosures  Oct 15, 2009
    Local foreclosure activity fell 11 percent from August to September, reported online real estate marketplace RealtyTrac. There were 327 properties in foreclosure in September in the six-county metro area, RealtyTrac reported Wednesday, down from 368 in August. (The Augusta Chronicle)

    Rants and raves  Oct 14, 2009
    real estate broker Isakson want to set us backwards rather than forwards. Does he make more off his former real estate company than he does in senator pay. (The Augusta Chronicle)

    Loan woes could eclipse positive bank earnings  Oct 14, 2009
    Analysts expect more closures among small and regional banks because of losses on commercial real estate loans. Investors are focused on reports this week from heavy hitters including JPMorgan, Goldman Sachs, Citigroup Inc. and Bank of America Corp. Investors are looking to banks for signs that an economic recovery is under way. (The Augusta Chronicle)

    Sylvania yarn plant to close; 150 to lose job  Oct 8, 2009
    "We regret the impact of this plant closing on our loyal and hard-working employees," said Harry Batty, the chief executive officer of SYS. "Our yarn products largely support manufacturers of commercial and residential carpeting. The customers of those firms have been severely impacted by the ongoing housing crisis, the downturn in the commercial real estate markets as well as the ongoing credit crisis. These factors have significantly reduced demand for our products.". Mayor Margaret Evans said... (The Augusta Chronicle)

    Community leaders tour MCG-UGA medical campus  Sep 30, 2009
    February 2008 - UGA Real Estate Foundation buys the old O'Malley's building on the North Oconee River near Oconee Street to become the interim home for the new medical campus. October 2008 - Dr. Barbara Schuster, a medical educator from Ohio, named dean of the campus, which is designated the MCG/UGA Medical Partnership. (Athens Banner-Herald)

    FDIC's premium plan is just a short-term fix  Sep 30, 2009
    Ninety-five banks have failed so far this year as losses have mounted on commercial real estate and other soured loans amid the most severe financial climate in decades. That has cost the fund about $25 billion, the FDIC said Tuesday. (The Augusta Chronicle)

    Home sales dip unexpectedly, reversing trend  Sep 25, 2009
    In Washington, real estate agents and home builders are lobbying hard for an extension of the credit. Without it, they argue, the housing market will take a sharp turn for the worse. (The Augusta Chronicle)

    Principals linked to retention  Sep 21, 2009
    That's better than the 17 percent in the financial field or the 22 percent in real estate, but it's worse than the 8 percent for state and local government. The reasons teachers stay were identified in a recent study published in the Journal of Teacher Education by three researchers from Georgia State University. (The Augusta Chronicle)

    Inductees stand out for successes, civic involvement  Sep 20, 2009
    One inductee is a former oil company executive who now runs a real estate and private equity firm. One is the owner of a commercial real estate company with a business college named after him ... LLC, a commercial real estate company with more than 10. (The Augusta Chronicle)

    Details emerge on TEE center 'millionaire' threat  Sep 15, 2009
    A threat from a "local millionaire" read aloud by Mayor Pro Tem Alvin Mason at his monthly constituent meeting Saturday came from real estate broker Joe Edge, whose office is handling a land sale involving the proposed Hyatt hotel on Reynolds Street ... "I own real estate in your district," Mr. Mason read ... The message from Mr. Edge, the president of Sherman reet Real Estate Co., was sent to Mr. Mason and Commissioner Betty Beard and copied to Mayor Deke Copenhaver. (The Augusta Chronicle)

    Home-based business may need added coverage  Sep 14, 2009
    Small businesses that are most often at risk include: computer consultants, household product distributors, accountants, architects, real estate agents, photographers, tailors and seamstresses, beauticians, consultants, pet groomers/sitters and music/art/dance instructors. When insuring your business, there are three basic choices, depending on the nature of your business and the insurance company you use. (The Augusta Chronicle)

    Recession forcing retailers to think small  Sep 13, 2009
    Renee Bello, a real estate broker in Sandwich, Mass. is enjoying the bombardment of store coupons, more lower-priced products and better quality in store-label merchandise, particularly at grocery chains. (The Augusta Chronicle)

    Time to start those fall chores  Sep 4, 2009
    We're still pulling and digging and chopping to claim a prized section of real estate that had been home to English ivy and saplings (oaks, mostly) for decades. I decided the monkey grass had to go, too. (The Augusta Chronicle)

    Failed banks cause loss in FDIC insurance fund  Aug 28, 2009
    Eighty-one banks have failed this year, and more are expected to fall because of souring loans for commercial real estate. That threatens to deplete the FDIC's fund. (The Augusta Chronicle)

    Home construction up for 5th month  Aug 19, 2009
    Builders and real estate agents are pressing in Congress for that credit to be extended. If it isn't, sales could easily slump again. (The Augusta Chronicle)

    Fed extends consumer lending program  Aug 18, 2009
    The commercial real estate portion of the TALF is designed to boost the availability of such loans, help prevent defaults and facilitate the sale of distressed properties ... Small and regional banks face the greatest risk of severe losses from commercial real estate loans ... -based real estate lender Colonial BancGroup Inc.. (The Augusta Chronicle)

    Golf hall's new status is new hope for statues  Aug 16, 2009
    The other would have privatized the golf hall, taking the real estate out of its purview but keeping it state-owned ... "I'm the custodian of those statues," said Mr. Persons, vice president of Murphey, Taylor Inc., a real estate firm in Macon, Ga. (The Augusta Chronicle)

    Subdivision of the week: Foxhall  Aug 2, 2009
    Sources: Matt Maryak, the president of the Foxhall Homeowners Association and Ann McRae, Realtor with Blanchard and Calhoun Real Estate. At home with. (The Augusta Chronicle)

    Radio legend deserves high praise  Jul 29, 2009
    (The writer, an Augusta real estate agent, was a founding member of Augusta's first working rock 'n' roll band, Johnny Hensley and the Red Hots, in 1958. . (The Augusta Chronicle)

    Goodwill's new location to place 500 in jobs  Jul 28, 2009
    The secret name allowed paperwork for the bonds to be drafted while the real estate deal was still in negotiations. The campus will be built in two phases. (The Augusta Chronicle)

    License revocation ruled OK  Jul 24, 2009
    The state was within its rights to revoke the professional license held by Augusta real estate appraiser Ashby R. Krouse III, the Court of Appeals has determined. The Georgia Real Estate Appraiser Board revoked Mr. Krouse's license over his conduct in a land deal with the state that netted his wife, who is the daughter of former state Sen ... As part of the sentence Mr. Krouse agreed not to engage in real estate or appraisal work for two years. (The Augusta Chronicle)

    Commercial real estate takes hit on all sides  Jul 23, 2009
    The commercial real estate market has suffered a different sort of one-two punch ... The commercial real estate market's fortunes depend largely on free-flowing credit markets and spending by businesses and consumers -- neither of which economists expect anytime soon ... Q: What properties are considered commercial real estate. (The Augusta Chronicle)

    Around the block: Highgrove  Jul 19, 2009
    Sources: Beth Lannae Rainey, Sunny Ellison, Prudential Beazley Real Estate. From the Sunday, July 19, 2009 edition of the Augusta Chronicle Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)

    Banks turn profit, but issues linger  Jul 18, 2009
    COMMERCIAL REAL ESTATE: Rising store and office vacancies are cutting into landlords' and developers' cash flow, and leading them to default on mortgages. From the Saturday, July 18, 2009 edition of the Augusta Chronicle Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)

    Morris Publishing gets eighth extension  Jul 16, 2009
    for free extra services. Subscribe to Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)

    Some reports indicate conditions will improve  Jul 12, 2009
    New housing starts and real estate sales are down, but there is not a steep decline. "That heavy housing contraction put a strain on the banking sector and spending in the local areas. We didn't have that kind of strain, so we're not feeling those secondary effects," he said. (The Augusta Chronicle)

    Service sector has best month since crisis began  Jul 7, 2009
    NEW YORK --- The U.S. services economy -- from retailers and restaurants to real estate brokers -- contracted less than expected in June in its best showing since before the financial crisis struck last fall, according to a private trade group's gauge ... Real estate, finance and insurance, and food and hotel companies were among the six industries that reported growth last month. (The Augusta Chronicle)

    Older job seekers struggle to overcome age barrier  Jul 5, 2009
    Mari Negron, 49, a struggling real estate agent in Arlington, Va. looking for new work, said she thinks the treatment will help her job search. (The Augusta Chronicle)

    Harrisburg residents march  Jul 5, 2009
    I didn t know it was going to be like this getting into real estate. This is my first investment property, and it s a bad one. (The Augusta Chronicle)

    Residents demand action  Jul 5, 2009
    "I didn't know it was going to be like this getting into real estate. This is my first investment property, and it's a bad one.". He's been running it as a boardinghouse, renting rooms to two men and two women who pay $80 per week apiece. (The Augusta Chronicle)

    Nearly quorum at meeting  Jul 3, 2009
    In addition to Davison and Lowry, commissioners Andy Herod, Kelly Girtz, Alice Kinman, Mike Hamby and Kathy Hoard attended the meeting, along with University of Georgia and Athens Technical College representatives, real estate agents, economic development officials and business leaders. They discussed the potential for biotech companies to start up or expand on four parcels that industrial real estate agent Gerry Whitworth controls at the Athena Industrial Park in East Athens. (Athens Banner-Herald)

    Charges filed against Beazer Homes  Jul 2, 2009
    The company said several of its subsidiaries have entered into a settlement agreement with the North Carolina Real Estate Commission. Under the terms of the settlement agreement with HUD and the civil division of the Department of Justice, the company said it will make an immediate payment of $4 million to HUD to resolve civil and administrative investigations. (The Augusta Chronicle)

    Master plan in need of support  Jun 26, 2009
    Other committee members would be from industrial and commercial businesses, the real estate brokerage community, Fort Gordon, Georgia Power, colleges such as Medical College of Georgia, the CSRA Land Trust and the Savannah River Institute. Mr. Shields also proposed getting an entity involved that doesn't normally speak out on municipal issues: the Augusta National Golf Club. (The Augusta Chronicle)

    Sanford to return to work after mystery trip  Jun 24, 2009
    Sanford, a trim, 49-year-old former real estate investor and Air Force reservist, is typically drained at the end of a legislative session, former aides said. State Sen. (The Augusta Chronicle)

    South Carolina  Jun 16, 2009
    Cal Tabucchi, 66, taught junior high school in Los Gatos for 28 years and sold real estate for the next 10 years. Armies of new Avon ladies, Mary Kay reps and Tupperware sellers are advancing on living rooms across. (San Francisco Chronicle -- Travel)

    Cleanup project may go to vote  Jun 2, 2009
    Mr. Persons, the vice president of Murphey, Taylor Inc., a real estate firm in Macon, Ga. said in an e-mail Monday that he was polling board members in hopes of setting up a conference call before Saturday. (The Augusta Chronicle)

    Makeover of plaza is almost complete  May 27, 2009
    "It's really a great shopping center. We like the visibility from Bobby Jones, Windsor Spring Road and Peach Orchard Road. South Augusta has been historically underserved with retail, so we're getting really good community reaction. "I think the south Augusta market appreciates having a nicely upgraded shopping center with some new tenants," said Bradley Fulkerson, the resident and CEO of Realvest Services Inc. The real estate development and investment firm bought the shopping center in... (The Augusta Chronicle)

    Total government control is looming  May 26, 2009
    All accumulated wealth (stocks, bonds, real estate, and money) over $2 million will be transferred to the Treasury. No exceptions. (The Augusta Chronicle)

    Highmark to contribute $1M for electronic records training  May 8, 2009
    Pittsburgh Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Pittsburgh Business Times, PA)

    Flu changes from swiney to hiney  May 5, 2009
    It's a rumor that floats every other year, probably because of wishful thinking of people such as my mother, who worked in Mr. Isakson's real estate office years ago before he became a political statesman. He has always been her favorite politician. (The Augusta Chronicle)

    Cabrera, Perry tied for Masters lead; Campbell one back  Apr 12, 2009
    Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)

    Wells Fargo's profit could mean turnaround  Apr 10, 2009
    Losses on various types of loans from mortgages to credit cards to commercial real estate could peak at different times, Calyon Securities analyst Mike Mayo noted Monday, so banks might have to navigate through multiple downturns. Mr. Mayo predicted the industry-wide default rate on loans will rise to 3. (The Augusta Chronicle)

    Morris gets extension on interest payment  Apr 8, 2009
    Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Atlanta Business Chronicle, GA)

    Senator wants city to control property  Apr 5, 2009
    Hall of Fame Chairman Bryan Persons, of Macon, said last week he was expecting legislation to abolish the Hall of Fame but was under the impression the organization would be able to keep the statues and other property, excluding real estate. "I am not aware of Sen. Tarver's bill but part of our resolution was to have the assets of the GGHOF, other than the real estate, conveyed to our new entity," he said, referring to a long-range plan to reconstitute the organization as a private, nonprofit... (The Augusta Chronicle)

    Georgia Banks' recovery may be long  Mar 22, 2009
    And don t look for a turnaround anytime soon, experts say, as banks work off a mountain of bad loans tied to the troubled real estate market ... Many banks fattened their profits by lending heavily to real estate developers and home builders, who were throwing up houses to keep pace with metro Atlanta s booming population ... Many of the troubled loans are backed by real estate, which will mitigate some of the losses. (Atlanta Journal-Constitution)

    Sunday alcohol license granted  Mar 18, 2009
    City Attorney Chiquita Johnson said commissioners needed to discuss three issues of potential litigation, administrative proceedings and real estate. ALSO DISCUSSED. (The Augusta Chronicle)

    Lake management plan must change  Mar 13, 2009
    Retirement communities and real estate businesses thrive when the lake is near full pool. A full-pool Lake Thurmond is an economic engine in this area that could be started without spending vast sums of money. (The Augusta Chronicle)

    Woodbridge residents are worried about panhandlers in front of their businesses (879)  Mar 4, 2009
    edumacation wrote on Mar 3, 2009 1:52 PM:" Lodian I agree with you 1000% on this one. If I see them loafing about pestering customers I won't go to that restaurant. I have an idea! Lets walk them to the nearest Realtor so they can buy a house with no money down. With the bailouts on the way, they will feel rich and will have a roof over their heads. They might even become overnight real estate tycoons like the TV realtor informercials? BUY NOW---and become a millionaire. NO MONEY DOWN just sign... (Lodi News Sentinel, CA)

    Shutdown after rain conserves reservoirs  Mar 1, 2009
    In recent weeks, residents, real estate developers, marina operators and others have campaigned for more reactive management programs that could help refill the reservoir -- or at least slow its decline during drought. One of those remedies includes closer monitoring of local rainfall and subsequent dam flow adjustments. (The Augusta Chronicle)

    Today's news  Feb 20, 2009
    Legal Secretary MS Word, 65WPM. Real Estate Exp preferred. Resume | Ref, Susan T. Porter, 3529 Walt. (The Augusta Chronicle)

    Plans, compromises needed while jobless  Feb 15, 2009
    If necessary, consider selling off the second car or recreational vehicle, real estate holdings, rental properties and jewelry. - If there is not enough money to make ends meet, calculate how much is needed to meet the basic household living expenses. (The Augusta Chronicle)

    Fresh Market opens new location  Feb 12, 2009
    "We love the location. It's been a great location for us. It made perfect sense for us to relocate within the center," said Randy Kelley, the senior vice president for real estate and construction at The Fresh Market. The expanded store has more organic produce and larger departments for flowers, wine, dairy, fresh meat and frozen foods, said Craig Carlock, The Fresh Market's chief operating officer. (The Augusta Chronicle)

    Some leaders emerging from mess  Feb 9, 2009
    The Republican with a background in real estate convinced his colleagues in the Senate last week to add a tax break for homebuyers of up to $15,000 to the stimulus bill. It's amazing that such a provision had to be retrofitted into the bill. (The Augusta Chronicle)

    Lake pitched for Regency mall land  Feb 9, 2009
    "For those of you who have ever sold real estate, waterfront property is the most viable property you've got to sell," Mr. Russell said. Creating it out of Rocky Creek would cost $2. (The Augusta Chronicle)


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