Metro Atlanta warehouse to shut down

The closure comes amid an industrial market slowdown.

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'Dean of Atlanta real estate': Andy Ghertner retires from Cushman & Wakefield

Ghertner mentored a generation of successful Atlanta real estate executives.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/31/andy-ghertner-retires.html?ana=brss_609
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Atlanta Hawks GM Landry Fields buys Buckhead mansion for $4.9M

Chaistain Park is one of Atlanta's most desired and affluent neighborhoods.

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Shepherd Center expansion to help solve 'inexcusable' waits at hospital, co-founder says (Podcast)

The Shepherd Center, one of the nation's top rehabilitation hospital, has to turn away hundreds of people each year, co-founder Alana Shepherd said. That's a reason for its most recent expansion.

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Restaurants: Mapping Atlanta's freshly minted Michelin restaurants

Here's where to find Michelin restaurants in Atlanta. Plus, the latest news in Atlanta's restaurant industry from reporter Chris Fuhrmeister.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/30/michelin-restaurants-map.html?ana=brss_609
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Atlanta Hawks co-owner Grant Hill joins Orlando City Soccer, Pride group

Tamia and Grant Hill join the Wilf family in owning the Major League Soccer and National Women's Soccer League teams.

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Renotes: What happened to the Opus site?

Once an ambitious plan for luxury condos, the Opus site is now headed for foreclosure. Commercial real estate reporter Savannah Sicurella takes a look at what happened, plus more insights in this week's column.

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Why supermarket bank branches have increasingly become a relic

Banks have cut more than half of all branches inside other stores over the past 12 years.

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SnapNurse triples tech investment, bets on AI in expansion

The company was named No. 2 on the Inc. 5000 fastest-growing companies list in 2022. Here's how it's expanding now.

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Gwinnett backs redevelopment of former Olympics venue

County officials supported a plan crafted by Fuqua Development, which will develop the barren land once home to a tennis venue built for the 1996 Summer Olympics.

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ACVB's Andrew Wilson convinced the Michelin Guide to come to Atlanta. Here's what he thinks of the first edition

Andrew Wilson spent nearly five years courting the Michelin Guide.

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Future of Buckhead's Tower Place 100 building still unknown

It's the latest step to satisfy a $212.5 million unpaid mortgage balance on the 29-story tower.

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Deals of the Year: SGR, Aprio acquistions honored

The combined firm of Smith, Gambrell and Russell and Freeborn and Peters includes 360 attorneys in 14 domestic and global offices, and estimated gross annual revenues of $260 million.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/26/smith-gambrell-russell-freeborn-aprio-aronson.html?ana=brss_609
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Homebuilders turn to incentives to draw in priced-out buyer pool

Homebuilders are pulling out the stops to lure buyers and get deals across the finish line at a time of surging mortgage rates and persistent affordability challenges.

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Deals of the Year: RavenVolt sale, Cox Communications acquisition honored

This story is part of the 2023 Deals of the Year Awards, recognizing the leading middle market deals driving growth in the Atlanta region. This is the technology category. Tickets are available for the Oct. 26 award ceremony.

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'Density is the answer': Dunwoody and Sandy Springs projects poised for residential transformations

Reimagining office complexes and shopping centers isn’t a new idea for the Perimeter cities.

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Deals of the Year: Aptitude Health's acquisition of cancer care network honored

This story is part of the 2023 Deals of the Year Awards, recognizing the leading middle market deals driving growth in the Atlanta region. This is the biotech and life sciences category. Tickets are available for the Oct. 26 award ceremony.

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Fulton agency to consider $40 million tax break for massive film studio

Officials with the Fulton County development authority, now called Develop Fulton, are scheduled to consider incentives for the project on Tuesday.

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Delta, UPS Foundations invest in nonprofit to support trafficking survivors

The charitable arms of Delta Air Lines and UPS are providing aid to an Atlanta nonprofit that serves survivors of sexual exploitation. That and more from Crystal Edmonson's Civic Atlanta column.

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Deals of the Year: Fuzzy's Taco Shop, Krystal Restaurants sales honored

This story is part of the 2023 Deals of the Year Awards, recognizing the leading middle market deals driving growth in the Atlanta region. This is the hospitality category. Tickets are available for the Oct. 26 award ceremony.

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$270B in CRE capital is on the sidelines. How much of that sum could go into distressed real estate?

More distressed real estate deals are forthcoming, and experts say it may be a competitive process to take on those properties.

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Deals of the Year: Cox acquisition, QC Media Holdings sale honored

This story is part of the 2023 Deals of the Year Awards, recognizing the leading middle market deals driving growth in the Atlanta region. This is the media and entertainment category. Tickets are available for the Oct. 26 award ceremony.

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'We have to do this’: How BeltLine leaders hope to restore faith in transit

Atlanta BeltLine Inc. hopes to win over residents, business owners and others reluctant to transit by working with them to craft an aesthetically pleasing design. Here's a few examples of how the rail could look.

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Lionel Messi's salary is larger than total payroll for most MLS teams, including Atlanta United

Inter Miami CF, Toronto FC, Los Angeles Galaxy and Los Angeles FC. Those are the only four MLS clubs that can say their entire team payrolls are larger than Lionel Messi's guaranteed compensation with Miami. Click through to the story to learn more about how the Atlanta United's payroll stacks up and how it has paid off.

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Metro Atlanta's most expensive home sales include estate where 'Monarch' was filmed

Reporter Chris Fuhrmeister has the latest on luxury living in Atlanta, including the priciest home sales between July and September.

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Georgia's 25 Largest Life & Health Insurance Cos.

Rank Company Direct premiums written in Georgia in 2022 Market share Direct premiums earned in Georgia in 2022 Direct losses incurred in Georgia in 2022 Chief executive 1 BCBS Healthcare Plan of Georgia Inc., 740 West Peachtree St., Atlanta, GA 30308, 317-488-6000, elevancehealth.com 4316483118 8.05 4315522493 4093043747 Robert Bunch 2 Humana Insurance Co., 1100 Employers Blvd., Depere, WI 54115, 920-336-1100, humana.com 2843545987 5.3 2840959817 2465661775 Bruce Broussard 3 Peach State Health...

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Creature Comforts brewery employees vote against unionization

Employees at one of Georgia's largest breweries passed on the chance to unionize.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/20/creature-comforts-union-vote-georgia-brewery.html?ana=brss_609
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Delta pulls back on planned changes for SkyMiles Medallion status after customer complaints

Delta Air Lines is making additional changes to its SkyMiles program after customers protested stricter new rules that made it harder to earn and keep Medallion status.

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Family of late photographer Lucinda Bunnen lists sprawling Buckhead estate for $15M

The estate sprawls 30 acres in Buckhead.

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UPS delivers impact report, addressing a range of city’s challenges

UPS has 12,000 employees who live and work in metro Atlanta. The company delivered its impact report to show how broad its influence is across business, nonprofit and government sectors.

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Prologis CEO: Strongest EV demand comes from last-mile delivery fleets

As demand for EV vans picks up, Georgia auto dealerships report their inventories of traditional electric vehicles have started to swell.

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Ambitious fund buys land to alter metro Atlanta's food system

Land in metro Atlanta is in high demand from industrial developers and homebuilders, which are expanding across Georgia because of the booming electric vehicle industry. Meanwhile, a conservation nonprofit also wants the land — but not for building. The organization has an ambitious plan to change the food system, first in Atlanta, then across the nation.

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Rivian expands in Atlanta's Upper Westside, as pace of EV sales begin to slow

Rivian will be a major player in Georgia's electric vehicle ecosystem. Lately, EV sales across the U.S. are increasing, but not fast enough to keep up with the number of cars being produced.

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Column: Could one of Atlanta's law giants shift to the BeltLine?

Two of the largest tenants looking for space in Atlanta in the second half of the year are law firms. Plus, what's the bright side of Atlanta's record office availability? Reporter Savannah Sicurella has the latest in commercial real estate.

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Alpharetta property manager Excalibur Homes to lay off 120 employees

The company is making the layoffs after losing a chunk of its business.

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Fast-growing marketing firm CEO bucks employee recruitment norms. It's working. (Podcast)

The fast-growing digital marketing firm Acadia has just a 9% employee turnover rate. The industry average is more like 30%. CEO Jared Belsky explains what the firm does differently to recruit and retain employees.

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Fox brothers open latest Atlanta barbecue restaurant with a new name and format

The barbecue restaurant pays homage to traditional smokehouses in Texas.

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Wells Fargo CEO raises prospect of more layoffs, branch closings and other cost cuts

“This company is not efficient — like period, end of story,” said the CEO of Georgia's third-largest bank.

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Column: Delta Air Lines feels impact of actor, automotive strikes

Hollywood actors have been on strike since July, leading to a “not insignificant change in the business travel to and from Los Angeles,” said Delta’s Glen Hauenstein. Reporter Amy Wenk has the biggest news of the week in the hotel and business tourism column.

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Cloudy with a chance of capital: One fund drives record-setting year for Atlanta VC

Georgia venture funds have bucked the national trend of declining capital raises, picking up a record $1.36 billion so far this year. One firm is responsible for most of that raise.

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Walgreens plans to cut $1B in costs, close stores and clinics

Walgreens plans to cut $1 billion in costs on the heels of naming a new CEO. Atlanta stores may be affected by the move.

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'Gentle thaw': Georgia startup fundraising returning to pre-pandemic normal

A new normal is starting to emerge for Georgia startup fundraising.

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Class-action lawsuits could trigger deep cuts in homebuying industry, analysis finds

Deep cuts to commissions and the ranks of agents are among the potential consequences of the high-stakes lawsuits targeting residential real estate heavyweights. Here's what buyers, sellers and brokers need to know.

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'A driving force': How Georgia Tech's Tim Lieuwen is fueling the clean energy boom

At his core, the director of Georgia Tech’s Strategic Energy Institute is a nature lover who uses his research to protect the environment.

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Atlanta Hawks, State Farm Arena name celebrity chef G. Garvin 'chief culinary officer'

The Hawks have a new chef leading food and beverage at State Farm Arena.

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Why the human element is crucial inside UPS' new automated sorting facility

Take a look inside the new sorting center UPS opened in North Carolina. Machines do most of the work the new massive facility, but up in the control room, it’s the humans who are still in charge.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/12/ups-automated-logistics-distribution.html?ana=brss_609
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'We are devastated': Westside Atlanta mall redevelopment stalled again

The long-awaited redevelopment has screeched to a halt for the third time in recent years. The mall owner is now trying to figure out how to revive the property without new construction.

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Return to office, get a raise? Most CEOs say those coming into the office will get rewarded

KPMG's latest CEO survey highlights the tug-of-war occurring in the nation's workplaces over return-to-office efforts.

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IMA Financial continues acquisition spree in Atlanta

A Denver insurance brokerage firm bought two Atlanta companies, the latest in its acquisition spree.

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Office vacancy rates are increasing in Sun Belt cities, select northern markets

An analysis of preliminary Moody's Analytics Inc. data from Q3 illustrates which U.S. office markets have seen their vacancy rates rise over the past year and which have seen their share of vacant space shrink during the same period.

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NCR Corp. CEO to retire following spinoff

The split allows both distinct business operations to scale without having to consider the impact on NCR's overall portfolio.

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Farm Burger's Atlanta restaurant in Grant Park is listed for sale

Farm Burger has six locations across metro Atlanta.

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'A lack of supply': Why this developer added housing next to its Cobb County shopping center

The longtime Atlanta developer cited suburban job growth and a lack of housing supply.

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Atlanta Braves legend Tom Glavine sells Milton house for $3.4 million

The former Brave sold the house in an off-market deal.

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'Amazing concessions': The perks of Atlanta's record high office availability

Any company seeking new or upgraded offices can negotiate generous concession packages from landlords trying to fill up their space.

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It's not just elite-college grads who see big salaries. Students at these schools are also primed for big pay.

A bachelor's degree takes you farther at these schools. Some of the universities on the list might surprise you.

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BizSpotlight: East & Westbrook Construction

East & Westbrook Construction (E&W) is proud to an

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‘A massive opportunity’: Silicon Valley Bank bullish on Atlanta startup scene

Silicon Valley Bank is once again providing financing to startups after its March failure and subsequent acquisition. Here's what trends the head of the Atlanta office is seeing locally.

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Atlanta startup Joulea helps building owners lower carbon emissions

The built environment has an emissions problem. Atlanta startup founder Ramtin Motahar is trying to be part of the solution.

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After inflation's boom, here's how Atlanta ranks for affordability

Inflation has soared over the past two years, especially in Atlanta, which saw some of the highest price increases in the nation. How does metro Atlanta's affordability compare nationally?

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The pay picture is changing, but raise expectations aren't. Here's what employers can expect.

The battle for talent isn't as intense as it was a year ago, but experts say many workers are planning to ask for raises. Here's what employers need to know as 2024 approaches.

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Womble Bond Dickinson sets its sights on a new Midtown office tower

For years, law firms have been more efficient in how they use their office space, according to Savills. Some are moving into newer buildings — and paying a lot more for it.

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'Don’t always play it safe': Women of Influence honorees advise their younger selves

Top female executives from Atlanta Braves, Cox Automotive and more share what they wish they knew as high school freshmen.

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'Blockbusters': A new Doraville film studio already booked $1B in production

NBCUniversal is the anchor tenant for the $400 million Assembly Studios.

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Metro Atlanta poised for historic demand for data center expansion

Atlanta is a nearly 300-megawatt market. Over the next five years, it is poised to expand by 10 times that size.

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'The investors we never had:' What Fearless Fund means to Atlanta’s busineswomen of color

They fear a lawsuit may halt the work of a fund that provides so much more than access to capital.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/05/fearless-fund-atlanta-businesswomen.html?ana=brss_609
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Tony Ressler climbs on America's richest sports owners list

The owner of the Atlanta Hawks grew his net worth by 40% in the past year.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/05/tony-ressler-atlanta-hawks-richest-sports.html?ana=brss_609
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Portman project near Piedmont Park shows demand for towers along BeltLine

Portman's plans at Amsterdam Walk underscore an ongoing shift in Atlanta's development pattern. Developers are now targeting Intown neighborhoods in close proximity to the BeltLine — especially the Eastside Trail, where a software firm recently smashed the city's rent record in one of the Southeast's highest-priced office districts. Here's a look at Portman's new project.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/05/portman-holdings-amsterdam-walk-renderings.html?ana=brss_609
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Dunwoody's downtown vision inspired by nearby suburbs

Dunwoody leaders hope to create a walkable downtown and are borrowing inspiration from neighboring suburbs.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/05/downtown-dunwoody-village-redevelop-inspiration.html?ana=brss_609
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Actress Melissa McCarthy sells her Buckhead mansion for $4.5 million

Melissa McCarthy's Buckhead home is off the market — and it didn't last long.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/04/melissa-mccarthy-house-photos-buckhead-sold.html?ana=brss_609
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Investors are betting on Atlanta fintech company Rainforest

A Georgia Tech alum launched his second Atlanta startup with a splashy first funding round. Here's the financial technology company's plans for growth.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/inno/stories/fundings/2023/10/04/atlanta-fintech-closes-11-m-funding-round.html?ana=brss_609
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Atlanta's top female executives share the secret to their success

Each year, we honor about 20 women in Atlanta who have had success in their careers and blazed a trail for other women. In an exclusive survey, they shared with us the early decisions that catapulted them to their current leadership positions.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/04/women-influence-awards-risks-business.html?ana=brss_609
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BizSpotlight: Mercer US

Keisha Olinger, Partner and Atlanta Office Leader

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/press-release/detail/8973/Mercer-US?ana=brss_609
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Atlanta Italian restaurant Noni's to close after 15 years

One of the founding restaurants of Atlanta's bustling Edgewood Avenue nightlife district is closing.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/04/nonis-restaurant-edgewood-avenue-closing.html?ana=brss_609
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BizSpotlight: Realty Trust Group

Snellville, Georgia – Northside Hospital, in partn

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/press-release/detail/9040/Realty-Trust-Group?ana=brss_609
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Wells Fargo has a surprising take on how student-loan payments will hit the economy

Target's worried about the resumption of student-loan payments crimping consumer spending, but Wells Fargo economists have their own take on its impact.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/wells-fargo-student-loan-payments-economy-spending.html?ana=brss_609
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Retailer owned by Dick's Sporting Goods eyes Buckhead as part of nationwide expansion

A golf retailer is targeting a Buckhead shopping center as part of its nationwide expansion.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/golf-galaxy-buckhead-atlanta-store-disco-kroger.html?ana=brss_609
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Atlanta architecture firm Cooper Carry plants roots in Charlotte

Cooper Carry, an architecture and planning firm out of Atlanta, is establishing a presence in a new city with its most recent acquisition.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/cooper-carry-505design-architecture-acquisition.html?ana=brss_609
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CTO Realty poised to expand shopping center where rents are soaring

The company has pushed rents by as much as 35% at the Cumming shopping center, where it is seeing strong leasing demand.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/shopping-center-expansion-forsyth.html?ana=brss_609
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Competitive edge of Peach Bowl CEO led to Atlanta's college football growth

For decades, Atlanta has been known as the college football capital, creating an economic win worth more than $1 billion for the region. But how did the city claim that title? We look back at the city's growth in an exclusive interview with one of the top dealmakers that made it happen.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/peach-bowl-college-football-capital.html?ana=brss_609
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Portman Holdings launches student housing venture, hires leader

Because of rising interest rates, financing for new development is more expensive and difficult to obtain for all commercial real estate projects. But one sector has seen a boom, and it seems Portman Holdings has noticed.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/03/portman-launches-student-housing.html?ana=brss_609
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Brookhaven to start construction on $78 million catalyst for city center

The city will soon start construction on the campus that will be on the doorstep of MARTA's rail network.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/02/brookhaven-city-hall-marta-construction-start.html?ana=brss_609
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Fast-growing Atlanta company PruittHealth expands — again

A health care and senior living company is expanding across Georgia and the Southeast. Here are its latest purchases.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/02/fast-growing-atlanta-health-care-company-expanding.html?ana=brss_609
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Atlanta Krispy Kreme owned by Shaq sets reopening date nearly three years after fire

Krispy Kreme's Ponce de Leon shop is reopening after two fires destroyed the original building.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/02/krispy-kreme-shaq-ponce-de-leon-opening-date.html?ana=brss_609
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How Alaina Percival became the CEO of global nonprofit Women Who Code

Women’s empowerment has been a theme of Alaina Percival’s career. She founded Women Who Code to help diverse women in tech careers.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/02/alaina-percival-women-who-code.html?ana=brss_609
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Atlanta HBCU launches one-day fundraising campaign after affirmative action ruling

Morehouse College marked the start of the new academic year with a call to action — a one-day fundraising campaign in the wake of the U.S. Supreme Court ruling banning affirmative action in college admissions.

from Bizjournals.com Feed (2019-07-18 12:47:42) https://www.bizjournals.com/atlanta/news/2023/10/02/morehouse-college-fundraising-campaign.html?ana=brss_609
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