 |
 |
|
|
| |
| |
| |
|
Statistics |
| Unique Visitors: 0 |
| Total Unique Visitors: 9677 |
| Visitors Out: 415 |
| Total Visitors Out: 415 |
|
|
|
| |
|
|
| |
|
| Real estate market threatening Georgia banks |
| 2008-07-04 14:03:00 |
Nearly $1 out of every $5 on Georgia banks' loan books bankrolled homebuilders and Estate">real estate developers — by far the highest proportion in the state in at least 30 years, according to federal regulators' data.Even during the savings-and-loan crisis of the 1980s and 1990s, when thousands of banks and thrifts across the nation failed, Georgia banks were far less exposed to these higher-risk loans. Today, the banks have double the concentration of those loans, according to federal data on banks.Such loans are considered higher-risk than mortgages or conventional business loans because of the boom-and-bust nature of the real estate development business and the uncertain value of asse
...
|
| |
|
| Soft condo sales prompt shift to rentals |
| 2008-06-11 02:52:00 |
"Building condos right now is next to impossible; it really is," said Stephen Franco, a partner at Franco DeFoor Properties, an Atlanta real estate development company. "It's just financing. You can't get financing for condos."High-end apartment complexes are in the works across the metro area, from trendy intown Atlanta neighborhoods to more suburban locales. Franco DeFoor is planning to build 250 to 300 upscale apartments on Memorial Drive in southeastern Atlanta's Reynoldstown neighborhood, not far from a cluster of condo complexes."The new darling child of multifamily residential is rental," Franco said.
...
|
| |
|
| City officials looking at tax hike, layoffs and raising water rates |
| 2008-05-09 19:43:00 |
Mayor Shirley Franklin justified the fears of City Council members – and many taxpayers – this past Thursday when she laid out a budget proposal that calls for the sacking of 440 city employees; cuts in municipal services; increases in various fees and fines; and, the most dreaded element, a $40 million property-tax increase.Actually, Franklin didn't so much propose citywide layoffs as announce them, since by law the mayor's office can make near-unilateral decisions regarding staff reductions. By the time you read this, most of the pink slips likely will have been handed out.
...
|
| |
|
| Record No. of Atlanta Foreclosures |
| 2008-04-17 05:27:00 |
The first Tuesday of every month is a feast for some, a famine for others. Experienced buyers and curious novices mingle on the courthouse steps in every Metro Atlanta county.The first Tuesday in May, 7,335 properties are scheduled for courthouse auctions, a record number.The numbers are just another sign of the slowing economy and the real estate slump.
...
|
| |
|
| The towering condominium building under construction on Peachtree Street disappeared into a cottony sky |
| 2008-04-05 17:40:00 |
After 20 months of labor, hundreds of construction workers and white-collar business types who've invested time and money came together for a chicken-and-fish luncheon in the building's future retail space.They were celebrating 1010 Midtown's topping out — the completion of structural work.The overcast day was apt, considering it's unclear who will buy all the new condos.Unsold condominium inventory at the end of 2007 was 7,252 units, compared with 5,990 units in 2006 — a 21 percent increase, according to Atlanta research firm Haddow & Co. Unloading that inventory would take more than four years at 2007 sales rates, Haddow's numbers show.
...
|
| |
|
|
| Phipps Tower, a 20-story office building in Atlanta's Buckhead area |
| 2008-03-17 05:39:00 |
Phipps Tower has been registered with the U.S. Green Building Council for Leadership in Energy and Environmental Design certification. The building will feature energy-efficient air and lighting systems, water and plumbing conservation systems, and enhanced air-quality measures."Phipps Tower is representative of the high quality, customer-focused and sustainable design for which Crescent Resources projects are best known," says Patrick Henry, senior vice president and chief development officer for the Charlotte-based developer's commercial division.
...
|
| |
|
| Locke Lord Bissell & Liddell Adds Renowned Real Estate Partner In Atlanta Office |
| 2008-03-10 04:01:00 |
Mustakeem will bring a strong Estate">real estate presence to the Atlanta office. She practices in the area of commercial real estate, including the representation of developers, purchasers and sellers in connection with the acquisition, disposition and development of office, hotel, retail, industrial and mixed-use projects. She also has significant experience representing both landlords and tenants in negotiating commercial leases, lenders and borrowers in secured loan and workout transactions, and the representation of companies and institutions nationwide in the ownership, operation and finance of corporate-owned real estat
...
|
| |
|
| Intercontinental Acquires Atlanta Area Office for $103M |
| 2008-03-03 11:10:00 |
Intercontinental Real Estate Corp. has acquired Lakeside Commons, a 514,000-square-foot, Class A office complex in Atlanta’s Central Perimeter submarket, for $102.8 million. It is at least the third office acquisition made through Intercontinental’s U.S. Real Estate Investment Fund, L.L.C., in recent weeks.The name of the seller was not disclosed today.
...
|
| |
|
| Investor group envisions thriving Macy's building |
| 2008-02-25 05:18:00 |
A group of Atlanta investors hopes to transform the bottom three floors of the now-vacant downtown Macy's department store into a thriving retail and restaurant space.The group, called the Davison's Downtown LLC, has the bottom three floors (including the grand street-level space complete with chandeliers) under contract. Those three floors total 185,000 square feet, which will be sold as a condo interest for $16.5 million. The sale is expected to be completed by the end of March. The group, which includes 18 investors (all from Atlanta with one exception) plans to spend up to $14 million more to revitalize the space.Once the Atlanta investors take control of the space, the future looks bright. The spectacular main shopping floor will once again be open
...
|
| |
|
| Weak dollar makes Atlanta a good buy for overseas investors |
| 2008-02-20 04:02:00 |
Investors like Jarvis are helping to buoy Atlanta's real estate market in the tough 2008 economic climate. Increasingly, as U.S. buyers struggle under the weight of a slowing economy, marketing executives are searching the globe for potential customers.Haynes, representing a range of U.S. developers, many of them in Atlanta, spent almost two months participating in trade shows in the Middle East and Asia making connections with international buyers like Jarvis. His company provides a range of services for investors who want to buy residential real estate in the United States.
...
|
| |
|
| Metro Atlanta mortgage fraud ring convicted |
| 2008-02-16 11:58:00 |
Focusing on the Country Club of the South neighborhood and other high-end developments and subdivisions in metro Atlanta, Keith Garner and his co-conspirators bought properties in the name of their straw borrowers, often without the straw borrower's consent. Each of the properties was accompanied by an inflated appraisal, which in addition to the submission of false loan applications, enabled the defendants to secure real estate financing from SunTrust Mortgage in excess of the fair market value of the properties. The defendants then stole the spread between the inflated and fair market value of the properties primarily through defendants Latesha Garner and Khodadad, who ensured that Sun
...
|
| |
|
| Best In Atlanta Real Estate Awards |
| 2008-02-11 17:10:00 |
We invite you to share in the celebration of our annual Best in Atlanta Estate">Real Estate Awards ceremony on March 6 from 6-9 PM at the Grand Hyatt Buckhead. Come for great food, cocktails and a room full of the "hottest properties" in real estate while we hand out awards for these categories: Office, Industrial, Retail, Land, Residential, Design, Mixed-Use, Rehab/Renovation and Overall Deal of the Year. We'll also induct our highly esteemed Visionary Award winner!
...
|
| |
|
| Noble Investment Group |
| 2008-02-05 18:27:00 |
ATLANTA, Privately held Noble Investment Group ("Noble"), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today announced that it has added additional leadership depth to its operations team with the naming of Gary Rosenberg as vice president of resort operations. The company has current developments underway that will double its resort portfolio within the next three years.
...
|
| |
|
| Pinnacle at Symphony Place |
| 2008-02-02 03:46:00 |
Atlanta-based developer Barry Real Estate Cos. says it completed financing of The Pinnacle, the office tower currently under construction in downtown, from first-time partners Canyon-Johnson and Integral Urban Fund I LLC.The Pinnacle marks the second investment in Nashville for the Los Angeles-based Canyon-Johnson Urban Fund, a joint venture between Canyon Capital Realty Advisors and Johnson, the former Los Angeles Lakers star.
...
|
| |
|
| Mortgage crisis hits SunTrust earnings, but stock rises |
| 2008-01-28 01:23:00 |
The first part happened Wednesday at SunTrust, which said profits plunged 99 percent. Like so many of its counterparts, it cited falling home values, rising delinquencies and asset-backed securities that are no longer as valuable as they once were.But SunTrust Banks Inc. shares rose 7.74 percent Wednesday and finished at $65.73. The company's stock has gained nearly 13 percent on a volatile week on Wall Street.
...
|
| |
|
| Georgia recession likely would be brief |
| 2008-01-23 13:29:00 |
One thing working in Georgia’s favor, Heaghney said, is that the state’s housing market never experienced the tremendous rise or ensuing crash in real estate prices that is plaguing the real estate market. As a result, the increase in the foreclosure rate is in-line with the national average, although that is rising.
...
|
| |
|
| Atlanta Real Estate Website Launches New Home Search Technology & Design |
| 2008-01-19 17:02:00 |
Realsourcebrokers.com has an unprecedented new home search tool that provides information on Atlanta homes for sale and homes sold. The search feature, called Market Watch, uses data from the First Multiple Listings Service to calculate market sales averages every time listings are displayed. It also displays the latest numbers on local homes for sale, sales pending, and homes sold within the past week. RealSourceBrokers.com is also featuring a new custom design and rebranding by Real Estate Webmasters.
...
|
| |
|
|
| |
 |
|
| |
| |
|
 |
