Atlanta Business Chronicle (95)

Atlanta-based fintech lender secures $500 million credit facility

LendingPoint LLC has landed one of the largest credit facilities of 2017, which the company says will significantly lower costs for its online consumers. The Atlanta-based fintech company said Wednesday that it closed an up to $500 million credit facility, arranged by Guggenheim Securities, a ...

Russian developer PNK Group plans 3-million-square-foot Henry County project

Known as Southern Gateway at Lambert Farms, the first phase features a 1.1-million-square-foot speculative building that is scheduled for completion in about a year.

Report: Equifax execs' passwords for sale on Dark Web

Top Equifax executives used 'alarmingly simplistic' passwords that may have allowed their accounts to be compromised, according to an investigation by a cybersecurity firm. Comodo Threat Intelligence Labs said it found Equifax executives' passwords available for sale on the Dark Web. Comodo found ...

Braves get final OK for new spring training complex

The AtlantaBraves have received final approval for their planned new spring training complex near Sarasota, Fla. The North Port Commission voted Tuesday to approve the complex, now estimated to cost $100 million. The initial cost estimate was $75 million to $80 million. The Braves expect ...

Accenture to add 800 jobs in Atlanta, a "key market" for the Fortune 500 firm

Professional services giant Accenture PLC will double its office footprint in Midtown's Technology Square and create 800 technology jobs by the end of 2020. "Atlanta is a key market for Accenture in terms of talent, clients and growth," a spokeswoman said late Tuesday. The Fortune 500 company, which ...

Sentury Tire hires JLL for LaGrange plant

Sentury Tire has hired real estate services firm JLL to help it find a developer for its planned a $530 million plant in LaGrange, Ga., The Wall Street Journal reports. The company, one of China's largest tire manufacturers, wants to build a 1.5 million-square-foot building on a 430-acre site, ...

Irma rains not much help for Lake Lanier

Even the downpours of Hurricane Irma couldn't fill up Lake Lanier, the Gainesville Times reports. Irma, a tropical storm by the time it reached metro Atlanta Sept. 11, helped raise the lake's water level by only five inches. Despite forecasts of up to five inches of rain, a mere 0.9 inches of rain ...

Forbes: Atlanta legends are among world's greatest living business minds

The brains behind The Home Depot Inc. and Turner Broadcasting still remain among the most respected in the world. As part of its 100th year anniversary, Forbes Magazine created a special issue that lists the world's 100 greatest living business minds, with essays, lessons and pearls of wisdom from ...

Forbes: Atlanta legends are among worlds greatest living business minds

The brains behind The Home Depot Inc. and Turner Broadcasting still remain among the most respected in the world. As part of its 100th year anniversary, Forbes Magazine created a special issue that lists the worlds 100 greatest living business minds, with essays, lessons and pearls of wisdom from ...

Georgia Power unveils renewable energy program for large customers

Georgia Power Co. launched a voluntary renewable energy program Tuesday aimed at the Atlanta-based utility's commercial and industrial customers. Under the Renewable Energy Development Initiative , participating customers will receive hourly credits matching actual production as well as solar ...

​Chicago-based auctioneer plans Atlanta location led by former High Museum director

Leslie Hindman Auctioneers is shopping for a location in metro Atlanta.

Atlanta rapper Offset of Migos fame launches $500K fundraising campaign for the American Cancer Society

The American Cancer Society is tapping into the marketing power of Atlanta's booming hip-hop industry. Rapper Offset, of the chart-topping hip-hop trio Migos, partnered with the American Cancer Society and is mobilizing his fellow artists, corporate sponsors, Atlanta Falcons friends, Atlanta Hawks ...

Equifax sued by attorney general of Massachusetts over data breach

"Equifax could have — and should have — prevented the Data Breach had it implemented and maintained reasonable safeguards," claims the lawsuit filed Tuesday.

Georgia World Congress Center seeks food and beverage operator

The GWCCA envisions an integrated, full-service food and beverage program' for its campus, and hopes to find a firm to develop and operate new high-end food and beverage concepts.

New ACC-SEC pairing scheduled for 2021 Chick-fil-A Kickoff Game in Atlanta

Louisville will battle Ole Miss in the 2021 Chick-fil-A Kickoff Game in what will be the first-ever meeting between the two programs. Neither the Cardinals nor the Rebels are strangers to the Chick-fil-A Kickoff Game, with both teams making their second appearance in the game. In Ole Miss's previous ...

Delta prepares for Hurricane Maria by adding flights, capping fares

Delta Air Lines Inc.'s summer hurricane shuffle continues, with the company saying it's finalizing operational plans for yet another major storm. With the National Weather Service saying Hurricane Maria is expected to bring "devastating to catastrophic impacts" to the Caribbean, the Atlanta-based ...

Cranewatch: Groundbreaking soon for one of Midtown's tallest apartment towers

The 32-story tower at 811 Peachtree Street, which will be called Eviva, could break ground sometime in the fourth quarter, said Matt Samuelson, an executive on the project.

Piedmont Newnan Hospital requests to add 18 more beds

Piedmont Healthcare is looking to grow its Newnan, Ga., hospital by adding 18 more patient beds. The project would cost $8.2 million dollars. According to a letter submitted to the Georgia Department of Community Health , the project will require the renovation of 11,500 square feet on the fifth ...

Google Fiber slows metro Atlanta rollout

The high-speed rollout of Google Fiber in metro Atlanta has slowed down significantly, but representatives say plans are still in the works to provide the Internet service. In Sandy Springs, permits to install the fiber-optic cable stopped six months ago and in Brookhaven, city leaders say they are ...

GDOT plan would transform Peachtree Road in Brookhaven

Draft proposals by the Georgia Department of Transportation would transform Peachtree Road in Brookhaven into something more like a boulevard than a busy corridor. Plans for the Peachtree corridor between North Druid Hills and Ashford-Dunwoody roads call for narrowing street lanes and adding a ...

Equifax had earlier security incident, says it's unrelated to May breach

Equifax Inc. had an earlier cybersecurity incident this year but said it was unrelated to the breach that may have put information of up to 143 million people in the United States at risk. Atlanta-based credit reporting agency Equifax learned about a major breach of its computer systems in March, ...

$25 million venture capital fund targets Atlanta's #1 industry — real estate

Shadow Ventures will invest in startups targeting the Building Environment industry, which straddles multiple sectors, including technology, real estate and sustainability. The lack of an investing track record, coupled with a niche focus, could stack the odds against the first-time venture firm.

Tom Noonan-backed verification software firm Evident lands $8.8 million investment

Tom Noonan-backed startup Evident has raised $8.8 million to help businesses securely verify customer data. The Series A financing was led by New Enterprise Associates and included Internet Security Systems founder Noonan; former Palo Alto Networks CEO Lane Bass; and former Lancope CEO Mike ...

Gov. Deal announces senior leadership changes

Gov. Nathan Deal is shuffling several leadership positions in his administration following the departure of the head of the Georgia Department of Community Affairs for a job in the private sector. With Camila Knowles' announcement she will be leaving state government at the end of this month, Deal ...

Atlanta man sentenced to three years for $2.7 million bank fraud

An Atlanta man has been sentenced to three years in prison for his role in a bank fraud scheme that resulted in losses of approximately $2.7 million. Thomas Scott Brown, 47, pleaded guilty to bank fraud and false statements to a financial institution on June 9, according to a statement from the ...

Ohio's City Barbeque has arrived in Atlanta

Ohio-based City Barbeque has opened its first Atlanta location in Decatur. The newest location of the popular Columbus, Ohio chain opened its doors Monday at 2511 Blackmon Drive in Decatur. Atlanta is obviously a great city. We're going to see how they like us,' Rick Malir, founder and president of ...

​164 laid off at Macon, Ga., aircraft maintenance facility; operations suspended

HAECO Americas says it has been unable to permanently replace work lost when one of its commercial airline customers departed from the Macon facility earlier this summer. Affected employees have the opportunity to relocate to Florida and North Carolina.

MARTA to take charge of Atlanta Streetcar

MARTA will be taking over operation of the Atlanta Streetcar under an agreement between the transit agency, the city and the Downtown Atlanta Community Improvement District.

Q&A with Tiffany Ray, 2017 Small Business Person of the Year award finalist

Atlanta Business Chronicle and the Metro Atlanta Chamber have just named 18 finalists for our 31st annual Small Business Person of the Year awards. Winners will be announced at a morning awards event on Wednesday, Sept. 20, at the Georgia Aquarium Here's a Q&A with one of the finalists,Tiffany Ray, ...

Chick-fil-A will soon have stores in 47 out of 50 U.S. states

The Atlanta-based chicken chain is getting close to completing its conquest of the United States.

Hurricane cakes, memes and bottled water: How Publix won the internet during Irma

In the days leading up to and after Hurricane Irma's rampage through Florida, Publix Super Markets Inc.'s Facebook page was nearly as active as its stores. Many comments were thankful: "Seriously, I fought back tears today when I pulled into the parking lot and saw the Windsor Commons store open." ...

Turner Chief Technology Officer Jeremy Legg reimagining television

Welcome to Atlanta Business Chronicle's Meet the C-Suite,' where each week we will feature one of the city's most high-profile c-level executives.

Donald Glover wins two Emmys for "Atlanta"

Donald Glover is having a banner 2017. The actor, writer and director, who grew up in Stone Mountain, Ga., already has won a bevy of awards for his work on FX's "Atlanta," and last year he added two more. On Sept. 18, Glover won two Emmy awards for the show. He won Best Actor in a Comedy and for ...

Report: DOJ launches criminal investigation into Equifax insider trading

The US Department of Justice has launched a criminal investigation of the Equifax data breach, looking into whether top Equifax officials violated insider trading laws, according to a Bloomberg report. Investigators are looking at the stock sales by Equifax CFO John Gamble; Joseph Loughran, who is ...

Corporate execs rank Georgia business climate third in nation

Georgia's business climate ranks third in the nation, according to a survey of U.S. corporate executives released Monday. The "Winning Strategies in Economic Development Marketing" survey, conducted every three years by Development Counselors International , placed Georgia behind only Texas and ...

Report: Small chance of a raise for Atlanta workers in 2018

Don't hold your breath if you were expecting a pay raise next year. According to new research from the professional services firm Aon Plc , projected salary increases for the city in 2018 are projected to remain flat at 2.9 percent. On a national level, despite a strengthening economy and high job ...

Amazon's HQ2 sends U.S. cities into recruiting overdrive. Here's what's in the works in Atlanta and beyond

It seems everyone has an opinion on where Amazon should build its second headquarters. Speculation and handicapping have run amok since the Seattle-based company announced it was seeking bids to accommodate what it says will be a $5 billion, 50,000-employee campus with the potential to generate ...

The Movie Biz: Sorry, MoviePass, film love can be reduced to pure data

Will the new and improved MoviePass work? According to several Internet sites, the subscription movie ticket service has been overwhelmed with demand ever since it slashed its prices to $9.95 a month. And what does $9.95 get you? A movie every day for a month. Just a single ticket, mind you. ...

Chick-fil-A continuing its expansion in Milwaukee area

​Milwaukee area developer Dimitri Dimitropoulos said he is completing a deal to bring the first Chick-fil-A restaurant to Kenosha County.

Developers release sneak peek inside ultra-pricey Emerson Buckhead penthouse

A look into one of the most expensive penthouses in the city.

Record-setting weekend for Mercedes-Benz Stadium

It was a big weekend inside Mercedes-Benz Stadium. A capacity crowd packed into the $1.5 billion venue for the Atlanta United's matchup with rival Orlando City SC, breaking the 21-year MLS attendance record with 70,425 ticket sales. The previous all-time single game attendance record is 92,650 ...

Equifax says 2 executives will retire following cybersecurity attack

The first leadership changes inside Equifax have started. The Atlanta-based credit union said that Chief Information Officer Dave Webb and Chief Security Officer Susan Mauldin are retiring as part of the company's ongoing review of the cybersecurity hack that left as many 143 million Americans ...

Atlanta Internet of Things startup Cognosos lands $7 million investment from Cox, will double workforce

Wireless technology startup Cognosos has raised $7.1 million from Cox Enterprises. The Atlanta-based company has developed a low-power wireless technology and hardware that allows sensors in cars, parking meters and other devices to transmit data. Other investors in the Series A include Covalent ...

Cooper Carry chairman wins Frank Carter Community Achievement award

​The ULI Atlanta Frank Carter Community Achievement award went to a scholarly individual who thoughtfully describes his career as a search for architecture that recognizes the complex interplay between buildings, the physical landscape, space, technology, society and individuals.

ULI honors Marcia Bansley as driving force behind 'greening' of Atlanta

​For being a driving force behind the greening' of Atlanta and revitalizing the city's urban landscape, Marcia Bansley, former executive director of Trees Atlanta, was honored this week by ULI Atlanta with the 2017 Dan & Talley Sweat Community Leadership Award.

Q&A with Windham Brannon CEO Heidi LaMarca: 'Collaboration is key'

Heidi LaMarca says women comprise 42 percent of her firm's shareholders and 50 percent of their leadership team.

New Ford Fry beverage manager gives his Top 5 wine recommendations

Eduardo Porto Carreiro arrived in Atlanta last March to become beverage manager for Ford Fry Restaurants.

The Movie Biz: Could falling leaves be turning point for beleaguered Hollywood?

Movie critic Eleanor Ringel-Cater runs down what looks good in September and October, and reviews "Tulip Fever," which gave her a mild headache.

Pedestrian-focused Parsons Alley mirrors history

​The Urban Land Institute Atlanta honored Parsons Alley with its 2017 Development of Excellence Award.

Northside Hospital's new Midtown tower tops out

The final beam of Northside Hospital's new Midtown Atlanta medical office tower was lifted into place on Friday. Check out the adjacent slideshow for photos from the event. The 12-story, 170,000-square-foot medical office tower called Northside Midtown Medical is at West Peachtree and 13th streets. ...