Archive for February, 2011

Events on the Horizon

Here are some upcoming events in Atlanta:

ULI Luncheon featuring Katharine Kelley, President and CEO of Green Street Properties (owned by Jamestown).
March 1 from 11:30 am until 1:00 pm
Call 800-321-5011 to register

CREW Atlanta Luncheon: Revitalizing Atlanta’s Real Estate through Adaptive Re-Use
March 3 from Noon until 1:30 pm
265 Peachtree Center Avenue

ICSC 2011 Southeast Retail Connection
March 8 from 2:30 pm until 5:00 pm
Register at http://www.icsc.org/apps/meeting_display.php?meeting=2011S03

ULI Atlanta Capital Markets Conference
Deal Time: Finding Financing in Today’s Capital Markets
March 30 from 7:30 am until 11:30 am

Definitely try to take advantage of these great upcoming events!

Calling All NY City Senior Controllers

Want a job that pays $200,000 a year? We are seeking a senior controller for one of our clients in midtown, New York. Candidate must be willing to jump in with both feet, be a hands-on worker (not simply delegate responsibilities) and be knowledgeable with large retail properties. CAM recs, implementing accounting systems like Yardi and MRI, and strong Excel skills are all a must. CPA is preferred. Please send resumes to jobs@acgpro.com.

Seeking Chicago Acquisitions Analyst

We just received a call from one of our clients who is seeking an acquisitions analyst. Candidates must have 1-2 years of practical Argus experience (using Argus as part of coursework is insufficient) and ideally should have some retail experience. MBAs should not apply. The minimum GPA of 3.3 is required with a business (finance or accounting) or math undergraduate degree. Please send all resumes to jobs@acgpro.com.

In the News

Borders Group Inc., the book and media retailer filed for chapter 11 on Wednesday. They will be closing roughly 200 stores including the five metro Atlanta locations listed below.

• Atlanta at 3101 Cobb Parkway
• Austell at 1605 East-West Connector
• Near Mall of Georgia at 1705 Mall of Georgia Boulevard
• Near Town Center Mall in Kennesaw at 605 Ernest W. Barrett Parkway
• Suwanee at 3630 Peachtree Parkway

Read more: Borders files Chapter 11, five metro Atlanta stores closing Atlanta Business Chronicle

The St. Regis Atlanta has been purchased by the Tavistorck Group, a private investment company based in Florida. The terms of the deal were not disclosed.

Read more: St. Regis Atlanta bought Atlanta Business Chronicle

In the News

Bank of America Plaza headed for default- BentleyForbes had originally bought the building at the height of the market for $436 million dollars. The special servicer is LNR Partners.
Source: Atlanta Business Journal

Reynolds Plantation golf course for sale- Linger Longer Development Co. is searching for a buyer to cover a $105 million payment due on a line of credit.
Source: Atlanta Business Journal

The lending side of commercial real estate took a big step in the right direction in 2010.
Source: Costar.com

Many In CRE Industry Embracing the Social Networking Phenomenon

Make sure your keeping up with the times! See how people in the commercial real estate business are using social networking to their advantage.

Many In CRE Industry Embracing the Social Networking Phenomenon