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Atlanta Business Chronicle
Buckhead offices sell at 10% discount; more 'short sales' likely
A Buckhead office complex is the latest example of a major reset of values heading for the U.S. office property sector.<\p> Ameris Center, the Atlanta corporate hub for Ameris Bancorp, sold for $81 million this month, 10% less than its owner paid for it nine years ago. An affiliate of landlord Atlanta Property Group recently decided to part with it.<\p>
Microsoft data center wins Fulton County tax break
The Development Authority of Fulton County voted to initially approve a bond inducement for a Microsoft data center project in Union City. <\p> Microsoft Corp. (Nasdaq: MSFT) could save about $75 million in taxes over 10 years during the incentive period, according to a fact sheet from the development authority.<\p>
Rolex plans Atlanta store expansion
Rolex Boutique is expanding at Lenox Square, according to a building permit filed with the City of Atlanta.<\p> The scope includes a new storefront system; partitions; finishes; millwork; display fixtures; and associated mechanical, electrical and plumbing work, according to the permit.<\p>
YWCA CEO: Revitalized community anchor to open in 2025 (Podcast)
In its heyday, from the 1950s to the 1970s, the Phillis Wheatley YWCA was a gathering spot for Atlanta’s Black community. It has been closed for more than a decade. <\p> Now, the YWCA of Greater Atlanta is raising funds to renovate the building and expand programming for residents on Atlanta’s Westside. <\p>
Microsoft seeks $75M tax break for Fulton data center
Microsoft's data center footprint in metro Atlanta continues to expand. <\p> The company confirmed to Atlanta Business Chronicle that it is the developer seeking a $75 million tax break over 10 years in Fulton County for a data center in Union City. <\p>
City leaders to rally against MARTA's Five Points plan
A group of elected officials, civic leaders and mobility advocates are joining together to put pressure on MARTA to halt its Five Points renovation.<\p> Atlanta City Council President Doug Shipman, Councilmember Jason Dozier and Central Atlanta Progress/Atlanta Downtown Improvement District President AJ Robinson are a few of the project's opponents who plan to stage a rally at the Five Points station's Peachtree Street entrance on Tuesday at 12:30 p.m.<\p>
Hurt by water crisis? Here's how to apply for aid.
A few weeks ago, Atlanta went into crisis mode after a couple of major water mains ruptured in Vine City and Midtown.<\p> Restaurants, coffee shops and other establishments were forced to close. Nearly 7,000 businesses were placed under a boil water advisory from May 31 to June 3. A more limited advisory remained in effect for another three days, which applied to 3,500 businesses.<\p>
Big Atlanta law firm names co-chairman
John Yates, founder and head of Morris, Manning & Martin’s corporate technology practice, was named co-chairman of the Atlanta-based law firm.<\p> Yates has been with the firm for nearly 40 years. He will join Chairman Gerald Pouncey in leading the firm.<\p>
The Gulch's prime target now entertainment, not Big Tech
It might have been the apex of the idea that Big Tech can revitalize cities.<\p> Seven years ago, Amazon.com Inc. launched a sweepstakes for an East Coast headquarters. Atlanta was a finalist for the project, known as HQ2. Amazon liked The Gulch, a more than century-old convergence of rail lines that for years has left a 50-acre void in Downtown.<\p>
Mixed-income housing proposed for West End mall
An organization launched by Atlanta officials is working on more than a dozen deals for mixed-income housing, some of which could rise on a couple of well-known properties with rocky histories.<\p> The Atlanta Urban Development Corp. is in the middle of negotiations over the future of The Mall West End and the 41 Marietta office building. The organization's board members briefly mentioned the prospective deals at a meeting Friday in Southwest Atlanta.<\p>
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