Atlanta Business Chronicle (91)

The Atlantic condos are selling, and what that means for the market

For the first time since it was briefly converted to an apartment tower five years ago in the wake of the condo collapse, The Atlantic now has more owners than renters.

​North American breaks ground on $80 million Beltline project

North American Properties, the developer behind Alpharetta's Avalon, this week broke ground on an $80 million project along the Atlanta Beltline's Eastside Trail. Called Edge,' the mixed-use project will include 350 residential units and 29,000 square feet of retail, restaurant and loft office ...

$62 million film 'Mothership' proposed south of Atlanta

Former Belgian Olympian Carl Bouckaert's land in Chattahoochee Hills was once the site of TomorrowWorld. But now that the festival is cancelled indefinitely, a portion of his land could be converted into a massive $62 million film studio. CineDome Studios Inc. has proposed to put an 100-acre ...

Georgia farms thriving despite a difficult spring

A late March freeze devastated much of Georgia's peach and blueberry crops, but farmers are surviving by diversifying their offerings and branching into agritourism to boost their bottom line. Atlanta Business Chronicle toured Jaemor Farms in Alta, Ga., and Southern Bell Farm in McDonough, Ga., to ...

Inman Park, O4W condos compete with Buckhead, Midtown towers

​While Atlanta's luxury condo market in Buckhead and Midtown continues to be hot, Inman Park, Old Fourth Ward and areas near the completed portions of the Beltline are picking up steam.

City hopes to grow businesses in shipping containers

The city of Atlanta soon will try out a creative concept for housing small businesses that's working in other large cities. The city is creating a complex to house small businesses inside repurposed shipping containers.

ARC starting work on regional competitiveness strategy

The Atlanta Regional Commission is taking the next step in a five-year-old effort aimed at improving the metro region's economic competitiveness.

Friendship Force launches 40th anniversary campaign

Atlanta-based Friendship Force International is celebrating its 40th anniversary by launching a $1 million fundraising campaign.

BitPay moving headquarters to Alpharetta

BitPay, a once high-flying startup backed by billionaire Sir Richard Branson, will relocate from Buckhead to a 224,000-square-foot office tower in Alpharetta's Avalon mixed-use development in September.

Plans filed for new Dunwoody hotel/retail project

New images have emerged of a proposed mixed-use project next to Perimeter Mall that would include a hotel and retail space. An affiliate of Buckhead-based Branch Properties LLC recently submitted plans for the mixed-use project.

Cushman & Wakefield's Gellerstedt takes larger role

Lawrence Gellerstedt IV, a rising star at Cushman & Wakefield whose work has bridged a disconnect between tech startups and office landlords, will lead the firm's Atlanta office tenant representation practice.

EXCLUSIVE LOOK: TechRise — Atlanta's latest tech company hub

TechRise will address a pain-point for tech startups that can't afford, or don't want, long-term office leases. Tenants would sign 12-month-to-24-month leases in the 100,000 square-foot building, paying $45-to-$65 per-square foot annually. Atlanta Business Chronicle first reported on the ...

The cruel business of accountability

A few days ago the U.S. Navy destroyer USS Fitzgerald tragically collided with a large Philippine container ship just south of the entrance to Tokyo Bay. Seven American sailors were killed and several injured, including the captain, Commander Bryce Benson, who had been in command for only a short ...

Atlanta City Council OKs Philips Arena renovations

The Atlanta City Council overwhelmingly approved an agreement with the Atlanta Hawks June 19 to launch a $193 million overhaul of Philips Arena, a deal that will keep the pro basketball team downtown well into the 2040s.

100-acre film complex eyed south of Atlanta

A company formed by a trio of Hollywood veterans is proposing an up to $62 million film studio south of Atlanta, near the site of the former music festival TomorrowWorld.

​T.I. to star in 'Atlanta's Most Wanted' TV series

Atlanta-born rapper T.I. has a new gig — starring in Fox's new "Atlanta's Most Wanted." According to Billboard, the police procedural will center around a man with an infamous criminal father who joins a new vice squad to fight crime in Atlanta. Rodney Barnes will write the script for the drama, a ...

Clermont Lounge could reopen in July

Clermont Lounge, Atlanta's infamous strip club, could reopen in July. That's according to the developer behind the renovation of the Clermont Hotel, Philip Welker of BNA Assocaites LLC, who gave a tour of the property on Wednesday. The Clermont Lounge closed Jan. 1 because work crews had to install ...

IHG launching new hotel brand

Intercontinental Hotels Group, whose American headquarters are based in Atlanta, will introduce a new midscale hotel brand. IHG will target more than 14 million guests in the underserved midscale market, which is worth an estimated $20 billion. The brand, code-named "Project Horizon," is ...

Clermont Hotel renovation progresses

The storied property should reopen as a boutique hotel by the end of the year.

​Tiff's Treats to open two new Atlanta locations

Cookie delivery concept Tiff's Treats is celebrating its one-year anniversary in the Atlanta market by opening two more locations. Its new Decatur location will have its grand opening July 29 with a special offer of $5 per dozen of some of its most popular cookies. A Buckhead location will also ...

Study: Georgia children's hospitals vulnerable to health-care reform bill

The health-care reform bill congressional Republicans passed last month particularly threatens children's hospitals in Georgia, according to a new study. Because hospitals including Children's Healthcare of Atlanta at Hughes Spalding and Children's Healthcare of Atlanta at Egleston receive a greater ...

Settlement reached to close Peachtree-Pine homeless shelter – ending more than a decade of discord

After nearly a decade of legal battles between various parties, a settlement has been reached that will lead to the closing of the Peachtree-Pine homeless shelter, according to several sources close to the transaction. Fulton County Superior Court Judge Craig Schwall apparently signed a consent ...

Alliance Residential spends $15 million for former Henri's site

The 277-unit apartment project, financed by Bank of Montreal, could deliver by June 2019.

Hot 107.9 Birthday Bash featuring Gucci Mane, Migos, B.o.B., others grosses $1.3M

Hot 107.9 had another big Birthday Bash. The sold-out show, which featured Gucci Mane, Migos, Fat Joe, Remy Ma, B.o.B. and Lil Uzi Vert, was at held Phillips Arena June 17 in front of 16,731 fans. The show, which was promoted by Lanham, Md.-based Radio One Inc. , had gross sales of $1,326,213, ...

New Atlanta budget raises minimum wage for city workers

The Atlanta City Council unanimously adopted a $648.6 million fiscal 2018 general fund budget late Wednesday that raises starting salaries for city firefighters and increases the minimum wage for city workers. While the minimum wage of $13 per hour falls short of the $15 per hour sought ...

Meg Whitman names HPE president, puts him in charge of streamlining businesses

Antonio Neri has been named Hewlett Packard Enterprise's first president and CEO Meg Whitman has given him the task of streamlining its businesses. Neri, 49, was previously executive vice president and general manager of HPE's Enterprise Group, which includes servers, storage, networking, technology ...

Feds charge 11 for laundering $40M from metro Atlanta to Mexico

Federal investigators have charged 11 people with laundering more than $40 million worth of drug money to Mexico through metro-Atlanta area money transfer services. The Northern District of Georgia's US District Attorney's Office announced Wednesday that the charges came following a three-year ...

Coca-Cola laying off more than 400 employees at three Atlanta locations

The Coca-Cola Co. is laying off more than 400 employees at three Atlanta locations. The layoffs were announced on the the Worker Adjustment and Retraining Notification Act website list published by the Georgia Department of Economic Development. The layoffs come less than two months after Coca-Cola ...

​Usher's non-profit to host inaugural Disruptive Innovation Summit at SunTrust Park

Usher's New Look will host the inaugural Disruptive Innovation Summit at the new SunTrust Park in Cobb County July 20-21. The non-profit organization founded by Atlanta singer, songwriter, dancer and actor Usher Raymond IV aims to "transform the lives of underserved youth by developing ...

​Which community basketball courts will the Atlanta Hawks renovate next?

The Atlanta Hawks Foundation has six new sites it wants to brand as Hawks-themed community basketball courts. The foundation plans to renovate three sites in Atlanta, one in College Park, one in South Fulton and one in Cobb County by June 2018. In 2015, the Atlanta Hawks Foundation pledged to donate ...

General Mills names Coca-Cola exec as new global chief marketing officer

General Mills Inc. has hired a former Coca-Cola marketing executive to be its new global chief marketing officer. Ivan Pollard will start his new role on July 10, according to a Wednesday new release from the Golden Valley-based company. Pollard was most recently senior vice president of strategic ...

Delta falls short to competitor up north in World Airline Awards

United Airlines, American Airlines, Delta Air Lines and Southwest Airlines have all bragged in recent times of the tens of millions of dollars they are investing in enhancing the customer experience. But all of that didn't matter, apparently, when Skytrax, the respected British-based independent ...

Chick-fil-A, Delta executives sit among most-liked CEOs list

The executives heading Atlanta-based Chick-fil-A and Delta Air Lines were among Glassdoor's 2017 highest-rated CEO's list, but neither takes the crown for most popular local leader. Glassdoor, a California-based recruiting website, ranked top executives based on ratings from the company's employees. ...

Fulton County freezes tax assessments

The Fulton County Commission voted unanimously Wednesday to freeze residential property assessments at last year's levels, avoiding large assessment increases and, consequently, huge property tax hikes that were facing many homeowners. "Today's vote was not just a monetary or fiscal matter. It was a ...

Automotive Minute: All-new 2018 Toyota Camry sheds boring commuter car image

For years, the Toyota Camry has been synonymous with words like practical and reliable. They are words that do little to drum up excitement among auto industry consumers yet they have resulted in consistently strong sales. When the completely redesigned eighth generation Camry debuted earlier this ...

Cushman & Wakefield's Gellerstedt to lead office tenant rep practice

At 33 years old, Gellerstedt will be one of the global real estate firm's youngest leaders. His move to top tenant rep post also underscores how Cushman and Wakefield, and perhaps the entire brokerage industry, has entered an era of specialization.

​New maps show HIV/AIDS' staggering impact in Atlanta

How heavily is your neighborhood impacted by HIV/AIDS? New maps from the Center for AIDS Research at Emory University can help you find out. The U.S. Centers for Disease Control and Prevention considers Atlanta an epicenter of a new HIV/AIDS epidemic, and in 2016 it compared the prevalence of the ...

Atlanta's Movius raises $15 million, plans 200-job expansion

Mobile software firm Movius Interactive Corp. has raised $15 million and plans to add more than 200 jobs in the next several years. The Johns Creek, Ga.-based company, which allows consumers to switch between work and private work space on their smartphone. For enterprise companies, mobile ...

Six permits filed for new Atlanta restaurants

Among them, plans were recently filed to bring a new location of Ecco to Phipps Plaza mall.

Camden expands Buckhead portfolio, buys Broadstone Court for $58 million

Camden paid about $232,800 a unit for BroadStone Court, one of the newer apartment projects on the far eastern edge of the Buckhead Village.

Fulton commissioners to consider freezing property assessments

The Fulton County Commission is expected to vote Wednesday to freeze residential property tax assessments at last year's levels to avoid huge tax increases threatening homeowners following a dramatic jump in property values. Research conducted by the county attorney in recent days unearthed a ...

FIRST LOOK: Atlanta fintech Payscape moves into new Midtown HQ

The office relocation is part of a $50 million expansion by the financial technology company. Payscape will add about 200 jobs companywide over the next five years.

Viewpoint: Don't weaken or repeal Georgia's CON law

Georgia is suffering a wave of overdoses as new forms of extremely potent and often deadly drugs make their way into our communities. The Georgia Alliance of Community Hospitals and our 86 members across the state are proud to be part of the first-line of response to these sobering tragedies. These ...

Indian singer Arijit Singh sings to the tune of $704K in Georgia

Arijit Singh was just over 1,000 tickets short of a sellout the last time he performed in Georgia. The Indian singer performed at the Infinite Energy Center in Duluth, Ga., April 7 in front of 6,877 fans. The show, which was promoted by Ropal Entertainment, had $704,233 in gross sales, according ...

Tex McIver's attorneys claim new evidence shows innocence

Tex McIver's attorneys filed a motion Monday asking the court to reconsider denying his bond, claiming new evidence supports his innocence in the death of his wife, Diane McIver. According to 11Alive, McIver's legal team alleges that the District Attorney withheld items that would undermine its ...

​Delta orders 10 more Airbus A321s

Delta Air Lines, Inc. will order 10 additional A321 jets, bringing its total number of A321s on order from Airbus SE to 122. The Atlanta-based carrier announced May 11 it agreed with Airbus SE to place an expanded order for 30 additional A321-200 aircraft and to defer 10 of the airline's 25 A350-900 ...

​Kennesaw State names Zach Kerns executive director of KSU Sports and Entertainment Park

Kennesaw State University promoted Zach Kerns to executive director and general manager of the KSU Sports and Entertainment Park and Fifth Third Bank Stadium. Keenesaw State reported Kerns succeeds Marty Elliott, who became general manager of the Miller Theater in Augusta. Kerns joined the ranks at ...

Home of the Day: Beautiful Roswell Residence on 2.6 acres!

By Judy Soden/ Charles Hawthorne, Agent Home of the Day is presented by the Atlanta Business Chronicle with Coldwell Banker Residential Brokerage. This is your invitation to view some of Atlanta's most-luxurious properties. Come inside and take a look around. Click on the gallery image to view ...

Four big office build-outs planned in Atlanta

Some big projects are planned for Atlanta's tallest office buildings, including Bank of America Plaza and 1180 Peachtree.

​Q&A: R&B legend Charlie Wilson talks possible CeeLo Green collaboration, prostate cancer, Atlanta

On June 19, Atlanta Business Chronicle's Phil W. Hudson spoke to R&B legend Charlie Wilson. The 11-time Grammy Award-nominated singer-songwriter first garnered fame in the music industry with funk group The Gap Band, which was centered around Wilson and his brothers Robert and Ronnie. With eight No. ...