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Atlanta Business Chronicle
Investors purchase $1B worth of Atlanta houses
Real estate investors took a billion-dollar bite out of Atlanta's housing market to start the year.<\p> In the first three months of 2024, the total value of Atlanta-area residential property purchased by real estate investors surpassed $1 billion, according to a recent report from national real estate company Redfin Corp. (Nasdaq: RDFN).<\p>
Disconnect over startup valuations limited deals in 2023
A disconnect over valuations between companies and investors led to a decrease in funding activity last year, according to a new report by Morris, Manning and Martin. <\p> The report found that last year's overall deal volume remained low, continuing a trend from the second half of 2022.<\p>
New South Downtown construction begins
On Sunday, dozens of cans of spray paint were strewn on the sidewalk along an aging retail strip on Peachtree Street, just south of the Five Points MARTA station.<\p> That day, as hundreds of people walked and biked by during the Atlanta Streets Alive festival, artists worked to paint colorful murals on the roll-down doors of the stores, some that are vacant. <\p>
BeltLine closes trail for construction
Atlanta BeltLine Inc. is starting to fill in the rest of the unpaved portions of the Southside Trail.<\p> Beginning Monday, May 20, a segment of the Southside Trail between Pryor Road and Boulevard will remain closed to the public for a year and a half. The final piece of the trail to enter construction runs from Pittsburgh Yards to Pryor Road, which will stay open through the end of the 2024 school year and close on May 27.<\p>
Major transit station reopens after renovations
Atlanta's airport is once again accessible by a train ride on the Red and Gold lines.<\p> Following a six-week closure for renovation work, MARTA reopened the Airport station to passengers on Monday, May 20. More than 10,000 airport travelers and employees board and get off at the rail network's southernmost station on a daily basis, according to the agency.<\p>
Are investors re-entering the housing market after two-year retreat?
Investors could be launching a bit of a comeback in the U.S. housing market — although the reversal of fortunes comes amid a strategy shift for many investors in the face of low inventory. <\p> Purchases by investors grew 0.5% on a year-over-year basis in Q1, according to analysis by Redfin Corp. (Nasdaq: RDFN). Redfin defines an investor as any buyer whose name includes LLC, Inc., Trust, Corp. or Homes, or any buyer whose ownership code on a purchasing deed includes association, corporate trustee, company, joint venture or corporate trust.<\p>
Atlanta apartment giant hires new head of research
A national name in multifamily investment and management has selected a new head of research.<\p> Atlanta-based real estate giant Cortland has appointed Lee Everett to oversee the company’s research operations, the company announced.<\p>
AGCO financial chief: AI will be transformational
This profile is part of our coverage of the 2024 CFO of the Year Awards. The annual event highlights the impacts of financial chiefs across various Atlanta industries, from nonprofits to large private and publicly traded companies.<\p> Taking calculated risks – as a person and as a company – is the best way to grow.<\p>
Why Goodwill focuses on workforce training and developing
This profile is part of our coverage of the 2024 CFO of the Year Awards. The annual event highlights the impacts of financial chiefs across various Atlanta industries, from nonprofits to large private and publicly traded companies.<\p> “Approach all that you do with integrity and respect.”<\p>
You use this company's tech every day. She keeps its growth on track.
This profile is part of our coverage of the 2024 CFO of the Year Awards. The annual event highlights the impacts of financial chiefs across various Atlanta industries, from nonprofits to large private and publicly traded companies. <\p> PDI Technologies Technologies forms the technology backbone of the convenience store industry.<\p>
Room for growth: Why PrimeRevenue CFO sees opportunity in fintech
This profile is part of our coverage of the 2024 CFO of the Year Awards. The annual event highlights the impacts of financial chiefs across various Atlanta industries, from nonprofits to large private and publicly traded companies. <\p> "Say yes to opportunities that scare you."<\p>
'This guy is a machine': Wrestling prepared Ron Domanico as a leader
Wrestling experience helped Ron Domanico, the retired CFO of Brink’s Inc., survive 57 hours with no sleep when the company negotiated to buy British cash management company G4S four years ago for $860 million. <\p> Two years of negotiations came down to those 57 hours and being stuck on one country amid the 14 markets Brink’s was gaining in the deal. <\p>
Where Atlanta ranks among fastest-growing cities
Atlanta is once again one of the fastest-growing cities in the United States.<\p> The City of Atlanta added more than 12,000 residents from July 1, 2022 to July 1, 2023, according to the latest population estimates from the U.S. Census Bureau. Atlanta's total population gain was the sixth-largest in the country.<\p>
Some employers are weighing a six-day workweek
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> Given how some hiring managers view them and the unique pandemic-fueled hurdles they've faced, Generation Z's debut in the workplace has certainly come with some challenges. <\p>
Agtech company plans major growth with joint venture
The biggest deal in Agco Corp.'s history started on the back of a napkin.<\p> Initially, there was no intention for Trimble, a software and hardware services company, to partner with Agco, a Duluth-based agricultural technology company. <\p>
'Paralysis by analysis': DeKalb official pushes to expand MARTA
An elected official is pressing for a solution to fund transit expansion in DeKalb County, an endeavor constrained by the steep cost to build new lines.<\p> DeKalb County Commissioner Ted Terry introduced a resolution urging MARTA to explore financing mechanisms beyond a sales-tax hike to achieve the county’s transit ambitions laid out in a 2019 master plan.<\p>
The best and worst industries for finding a job right now
Workers in the market for a new job are finding quick success if they're targeting a select few industries — and, perhaps surprisingly, if they're hunting without the aid of artificial intelligence.<\p> A new survey from Resume Builder of workers hired into new jobs within the last six months paints a picture of workers in food and hospitality, retail, and construction being been able to find jobs quickly. Prospective employees in business and finance, education, and software are having a harder time landing a new job.<\p>
Neighbors reject Portman redevelopment in NPU vote
Hundreds of Virginia-Highland and Morningside residents flooded into a Wednesday meeting to rebuke the dense makeover pitched for Amsterdam Walk.<\p> In a 282-84 vote, Neighborhood Planning Unit F recommended denying the zoning and land-use changes requested by Portman Holdings to turn the eclectic shopping center into a mixed-use hub along a future section of the Atlanta BeltLine’s Northeast Trail.<\p>
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