Archive for September 2009

Green Buildings pay Off

September 27, 2009

Atlanta Journal Constitution

September 19, 2009

Going green in buildings used to be the domain of deep pocketed companies looking to boost their image or smaller businesses launching efforts to recycle plastic bottles and cut down on paper waste. Not anymore. Green is fast gaining acceptance as a way to not only save money on energy and operating costs in buildings, but also as a way to lure tenants, qualify for tax breaks and attract clients, whether they are environmentally conscious companies or leisure travelers who prefer hotels that conserve water by washing linens less.

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Wood Partners Seeks Out Rental Projects

September 27, 2009

GlobeSt.com

September 23, 2009

Locally based Wood Partners LLC is expanding its business plan beyond multifamily development to acquire rental apartment projects around the country. The move is in response to what it terms as growing market opportunities. The company is assigning top staffers to a special team that will work toward acquisitions, cultivate equity partners and seek out strategic properties that are either completed or partially built. The move is expected to help strengthen its strategic position by balancing its revenue platform and building its portfolio through acquisition and development.

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Buckhead Turns to Advertising to Lure Tenants

September 27, 2009

Atlanta Journal Constitution

 September 19, 2009

Saturday and again next Saturday, the Buckhead Coalition will run full-page color ads in the Wall Street Journal promoting all of Buckhead’s empty condominiums and vacant office space as being “historically affordable.” But act now, the ads urge. With more than 1,000 new luxury condos and 2 million square feet of newly constructed office space, now is the time to invest in Buckhead, an ad reads: “But hurry, opportunity doesn’t knock twice.”

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Forbes Ranks Georgia 6th Best for Business

September 25, 2009

Atlanta Business Chronicle

September 24, 2009

Forbes magazine says Georgia is the No. 6 state for doing business.

The magazine ranks all 50 states based on costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Business costs, which include labor, energy and taxes are weighted the most heavily.

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Atlanta Claims 10th Largest Economy in US

September 25, 2009

Atlanta Journal Constitution

September 25, 2009

Atlanta’s “gross domestic product” amounted to $269.8 billion, slightly more than in 2007, the bureau said.

That put Atlanta just ahead of the $261.3 billion economy of metro Miami, which includes Ft. Lauderdale and Pompano Beach.

On average, metro area economies grew in 2008, as the steepest drops in the economy occurred late in 2008 and into this year.

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Drop in Pricing and Sales Activity Continue Downward

September 25, 2009

Commercial Real Estate Direct

September 21, 2009

The drop in sales activity and commercial property pricing re-intensified in July after a slight respite in June, according to the Moody’s/Real Commercial Property Price Indices, or CPPI.

The all-property-types component of CPPI, a collaboration of Moody’s Investors Service and Real Estate Analytics that tracks repeat property sales, fell 5.1 percent to 117.56, following a 1 percent drop in June and a 7.6 percent fall in May.

The all-property index, as of June 30, was down 30.8 percent from the year before and 38.5 percent from its peak in October 2007.

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Economy is Growing, According to the Fed

September 25, 2009

Atlanta Journal Constitution

September 24, 2009

The Federal Reserve said Wednesday that growth had returned to the U.S. economy and reiterated its promise to hold interest rates very low for a long time.

The Fed also said it would slow its purchases of mortgage debt to extend that program’s life through March, in a move toward withdrawing the central bank’s extraordinary support for the markets during the contraction.

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