Today’s Top 5 Headlines and their Links on CRE, Atlanta Office Space, Green, and all things interesting
Today’s Top Headlines and the Links to their Articles (January 4, 2010):
Before I begin with the Headlines, let me say “Happy New Year”!! I am looking forward to a great 2010, eventhough the headlines below aren’t so great….
The Mansion facing threat of foreclosure - One of Buckhead’s most prominent new developments — the Mansion on Peachtree — could be heading back to the lender.
A List of the Tallest Buildings in the World – This is a fun link, that I found this morning, that list the tallest buildings in the world. Be sure to scrolled down on the website to see pictures of each building. Good stuff.
Engine for growth has run out of fuel? - Atlanta has hit a wall. The recession is devouring property values. Once bustling office buildings are increasingly vacant. Large swaths of south- and west-side neighborhoods are becoming foreclosure ghost towns. And as companies opt for the suburbs, the city of Atlanta has lost jobs, even as its population has grown. In 2000, the city boasted 478,000 jobs. By 2008, there were 395,000.
Economy on tough road to recovery - The good news: Layoffs are slowing and there are hints of a tentative turn in hiring. But more than 8 million jobs have been lost here in Georgia; it will take a lot to soak up the massive pool of job seekers. Commercial real estate remains in a recessionary mode, with widespread foreclosures expected in 2010 in all sectors, including office, retail, industrial, lodging and multifamily.
Do green buildings make life greener? - Occupants of Nashville’s newest downtown high-rise, the Pinnacle at Symphony Place, tout the 29-story office building’s environmentally friendly features, but a question remains: Will it make employees live greener, healthier lives when they go home?
